Connecting risk, management and organisational goals: integrating risk with organisations’ systems to enhance performance and competitive advantage
Emma Soane
Journal of Risk Research, 2024, vol. 27, issue 12, 1589-1604
Abstract:
Risk influences organisational structures and processes in ways that have consequences for performance and competitive advantage. Prior research suggests actors engage in strategic risk positioning that orients organisations in relation to uncertainty to create beneficial outcomes, including firm survival. Although strategic risk positioning takes place within the social and structural contexts that are established elements of organisations’ systems, the theorising is not integrated. Rather, theorising about organisations’ systems characterises them as comprising strategy, structure, culture, leadership, and high-performance work practices, with different models explaining different elements and their connections with risk. By connecting studies of risk positioning and organisations’ systems, I develop the concept of a risk position that is a consequence of managers’ agentic choices and actions arising from combinations of risk appetite and risk management that create exposure to risk in relation to goals. My analysis shows how the risk position concept provides managers with language and meaning to enable risk positioning that involves intentional shifts in system elements. These shifts create orientations to both risk and goals in ways that enhance performance and competitive advantage. Thus, my modelling contributes to studies of organisational risk and organisations’ systems.
Date: 2024
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/13669877.2025.2485041 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:jriskr:v:27:y:2024:i:12:p:1589-1604
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJRR20
DOI: 10.1080/13669877.2025.2485041
Access Statistics for this article
Journal of Risk Research is currently edited by Bryan MacGregor
More articles in Journal of Risk Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().