Knowledge Risk Management in German Leasing Companies

Abstract

Like companies of nearly all industries, a large number of leasing companies promote their employees on their homepages, in their annual reports, or in advertising flyers as their most valuable asset. However, knowledge risks, which are closely connected to these topics, are mainly overlooked. Although risk management systems in the leasing industry were professionalized mainly through the regulatory impetus, the main focus is still on classical, purely financial risks. Knowledge risks are hard to measure with old tools or models and are often underestimated or even worse: not seen as relevant at all. Therefore, new tools and processes, as well as changed mindsets, are necessary to effectively handle knowledge risks.