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Revision with unchanged content. Managing a changing risk environment presents many challenges to industrial corporation today. Effective risk identification, assessment, analysis, handling and monitoring is critical in order to insure corporations' productivity and existence. Traditional risk management instruments seem to be insufficient to fulfill the growing needs of industrial corporations. The author Florian Sallmann presents an enhanced risk management process by integrating the concepts of knowledge management into traditional risk management. In addition, he provides a practical application of this new knowledge-based risk management process using the 250 leading Austrian industrial corporations. This book is written for CEOs, CFOs, Insurance and Risk Managers in industrial corporations, their associations, industry insurers and reinsurers as well as economists.