Organizations face challenges in adapting their current business and operational activities to dynamic contexts. Successful companies share a common characteristic of dealing with the emergent risks and threats in responses that generate viable solutions.
Strategic risk management (SRM) is a multidisciplinary and rather fractured field of study, which creates significant challenges for research. This short-form book provides an expert overview of the topic, providing insight into the theory and practice.
Essential reading for strategic management researchers, the authors frame the fundamental principles, emerging challenges and responses for the future, which will also provide valuable insights for adjacent business disciplines and beyond.
Table of Contents
2. ERM Frameworks
3. Empirical Evidence
5. Emerging Views
Torben Juul Andersen is a Professor of Strategy and International Management and Director of the Global Strategic Responsiveness Initiative at the Copenhagen Business School.
Johanna Sax received her PhD in Strategic Risk Management from the Copenhagen Business School where she is engaged as a Censor and is a Research Associate with the Department of International Economics, Government and Business.
'This book performs an important service to the field of risk management by bringing together research spanning the various disciplines that have taken an interest in the field. In doing so, it advances our understanding of enterprise risk management and clarifies the concept of strategic risk management.The book provides an important base on which future development of research in strategic risk management will rest.' -- Philip Bromiley, Dean's Professor in Strategic Management, Merage School of Business, University of California, Irvine, USA
'This is a very timely book. Managing the diverse challenges associated with strategic risk management is a pressing and daunting challenge. This book provides a concise and insightful picture of the state of the art in strategic risk management research and practice.' -- Kent D. Miller, Professor of Management, Michigan State University, USA
'In a VUCA world where the longevity of companies is declining ever more, the next step in the development of risk management should be a focus on strategic risk management. To ensure that companies live up the expectations of sustaining long term value creation, there is a need for a strategic perspective on risk management. This book will most certainly help you gain a better understanding of what this requires and what should be taken into account.' -- Leen Paape, Professor of Corporate Governance, Nyenrode Business University; Chairman, Nyenrode Corporate Governance Institute, Netherlands