Risk: A neglected component of strategy formulation

Journal of Managerial Psychology

Volumn 18, Issue 7-8, 2003, Pages 691-707

  Noy, Eli ^a   Ellis, Shmuel ^a  

^a TEL AVIV UNIVERSITY   (Israel)

Author keywords

Decision making; Israel; Risk assessment; Risk management

Indexed keywords

EID: 0348231650     PISSN: 02683946     EISSN: None     Source Type: Journal    
DOI: 10.1108/02683940310502395     Document Type: Review

References (25)

1. Armstrong, S.J. (2001), Principles of Forecasting: A Handbook for Researchers and Practitioners, Kluwer Academic Publishers, Boston, MA.
2. Baird, I.S. and Howard, T. (1990), "What is risk anyway?", in Bettis, R.A. and Thomas, H. (Eds), Risk, Strategy, and Management, JAI Press Inc., Greenwich, CT, pp. 21-52.
3. Baird, I.S. and Thomas, H. (1985), "Toward a contingency model of strategic risk taking", Academy of Management Review, Vol. 12, pp. 244-55.
4. Barney, J.B., Edwards, F.T. and Ringleb, A.H. (1992), "Organizational responses to legal liability-employee exposure to hazardous materials vertical integration, and small firm production", Academy of Management Journal, Vol. 35 No. 2, pp. 328-49.
5. Bowman, E.H. (1980), "A risk/return paradox for strategic management", Sloan Management Review, Spring, pp. 17-31.
6. Bromiley, P. (1991), "Testing a causal model of corporate risk taking and performance", Academy of Management Journal, Vol. 34 No. 1, pp. 37-59.
7. Cardozo, R.N. and Wind, J. (1985), "Risk return approach to product portfolio strategy", Long Range Planning, Vol. 18 No. 2, pp. 77-85.
8. Collins, J.C. and Porras, J.I. (1997), Built to Last, HarperBusiness, New York, NY.
9. Courtney, H., Kirkland, J. and Viguerie, P. (1997), "Strategy under uncertainty", Harvard Business Review, Vol. 75 No. 6, pp. 67-79.
10. Eisenhardt, K.M. and Sull, D.N. (2001), "Strategy as simple rules", Harvard Business Review, Vol. 79 No. 1, pp. 106-16.
11. Eylon, P.J. (1988), "Avoid the seven deadly sins of strategic risk analysis", The Journal of Business Strategy, November/December, pp. 18-22.
12. Jemison, D.B. (1987), "Risk and the relationship among strategy, organizational processes, and performance", Management Science, Vol. 33, pp. 1087-101.
13. Kahneman, D. and Lovallo, D. (1994), "Timid choices and bold forecasts: a cognitive perspective on risk taking", in Rumelt, R.P., Schendel, D.E. and Teece, D.J. (Eds), Fundamental Issues in Strategy, HBS Press, Boston, MA, pp. 71-96.
14. Lawrence, P.R. and Lorsch, J.W. (1967), Organizations and Environment: Managing Differentiation and Integration, Graduate School of Business Administration, Harvard University, Boston, MA.
15. Levy, H. and Sarnat, M. (1994), Capital Investment & Financial Decisions, Prentice-Hall, London, pp. 212-67.
16. MacCrimmon, K.R. and Wehrung, D.A. (1990), "Characteristics of risk taking executives", Management Science, Vol. 36 No. 4, pp. 422-35.
17. McGuire, C.B. (1986), "Comparisons of information structures", in McGuire, C.B. and Radner, R. (Eds), Decision and Organization, University of Minnesota Press, Minneapolis, MN, pp. 101-30.
18. March, J.G. and Shapira, Z. (1987), "Managerial perspectives on risk and risk taking", Management Science, Vol. 33 No. 11, pp. 1404-18.
19. Noy, E. (1998), "Total strategy - the missing link", Long Range Planning, Vol. 31 No. 6, pp. 918-23.
20. Noy, E. and Ellis, S. (2003), "Corporate risk strategy: is it a unified whole or varies across business activities?", European Journal of Management, Vol. 21 No. 1, pp. 119-28.
21. Porter, M.E. (1985), Competitive Advantage, The Free Press, New York, NY.
22. Ruefli, T.W., Collins, J.M. and Lacugna, J.R. (1999), "Risk measures in strategic management research: Auld lang syne?", Strategic Management Journal, Vol. 20, pp. 167-94.
23. Segev, E. (1995), Corporate Strategy Portfolio Models, International Thomson Publishing/Boyd & Fraser, London.
24. Shapira, Z. (1995), Risk Taking: A Managerial Perspective, Russell Sage Foundation, New York, NY.
25. Thompson, J.D. (1967), Organizations in Action, McGraw-Hill, New York, NY.