Risicobeheersing bij strategievorming: een exploratief onderzoek

Translated title of the contribution: Risk management in strategic decision-making: an exploratory study

Jim Emanuels, G.C. Brockhoff

Research output: Contribution to journalArticleAcademicpeer-review

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Abstract

Insufficiently rational strategic decision-making processes can result in illogical strategic choices. Risk management frameworks such as the COSO framework do not provide explicit insights into the risks associated with strategy formation. Based on the literature, we elaborate on two types of risks: (1) the use of limited or incorrect information, and (2) insufficiently careful consideration of strategic options. These risks are validated through an exploratory study conducted among executives. We conclude that the risks mentioned by them partially correspond to the risks identified in the literature. However, the executives also perceive risks associated with insufficient pragmatism in strategy formation and do not explicitly recognize the risks of suboptimal group dynamics and dominant strategic discourse highlighted in the literature
Translated title of the contributionRisk management in strategic decision-making: an exploratory study
Original languageDutch
Article number99396
Pages (from-to)175-182
Number of pages8
JournalMaandblad voor Accountancy en Bedrijfseconomie
Volume97
Issue number5/6
DOIs
Publication statusPublished - 6-Jul-2023

Keywords

  • Strategic desicion-making
  • strategic risk management
  • Strategic planning

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