Project managers and risk management: A comparative study between Japanese and Korean firms

Takashi Shimizu, Youngwon Park and SukBong Choi

International Journal of Production Economics, 2014, vol. 147, issue PB, 437-447

Abstract: In the course of managing businesses, executives constantly face challenging circumstances. For instance, the market reality does not necessarily reflect the intent of a company's management. Disruptive business events may occur that are quite contrary to what the senior management expected. Firms that are ill prepared to deal with risk pay a stiff price. The intensely competitive global business reality calls for aggressive and integrative enterprise-wide risk management. Risk management is a critical strategic and operational priority. It is crucial for firms to define effective risk management practices in the context of volatile competitive landscapes with rapidly changing customer expectations.

Keywords: Project managers; Risk management; Risk managers; Korean firms; Japanese firms (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:147:y:2014:i:pb:p:437-447

DOI: 10.1016/j.ijpe.2013.07.007

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