Skip to main content

Strategic Risk Management

  • Reference work entry
  • First Online:
The Palgrave Encyclopedia of Strategic Management
  • 190 Accesses

Abstract

This entry discusses the evolving body of knowledge in strategic risk management which is at the intersection of strategy, strategy execution and risk management. In the area of strategy, we discuss the relationship between strategy and risk and the lessons from high-performance companies in managing the opportunities and threats in forces of change. In strategy execution we discuss how risk management can be embedded in strategy setting and strategy execution. We also present examples of how organizations have integrated strategic risk management within the organization and have developed it as a core competency.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 1,099.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 1,699.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Beasley, M.S., and M.L. Frigo. 2008. Strategic risk management: Creating and protecting value. Strategic Finance 5: 25–53.

    Google Scholar 

  • COSO (Committee of Sponsoring Organizations of the Treadway Commission). 2004. Enterprise risk management: Integrated framework. New York: Committee of Sponsoring Organizations of the Treadway Commission.

    Google Scholar 

  • Frigo, M.L. 2008. When strategy and ERM meet. Strategic Finance 1: 45–49.

    Google Scholar 

  • Frigo, M.L. 2009. Strategic risk management: The new core competency. Balanced Scorecard Report (Harvard Business Publishing) 1: 7–10.

    Google Scholar 

  • Frigo, M.L., and R.J. Anderson. 2009a. A strategy framework for governance, risk and compliance. Strategic Finance 2: 20–61.

    Google Scholar 

  • Frigo, M.L., and R.J. Anderson. 2009b. Strategic risk assessment: A first step for risk management and governance. Strategic Finance 12: 25–33.

    Google Scholar 

  • Frigo, M.L., and R.J. Anderson. 2011a. Strategic risk management: A foundation for enterprise risk management and governance. Journal of Corporate Accounting and Finance 1: 81–88.

    Article  Google Scholar 

  • Frigo, M.L., and R.J. Anderson. 2011b. What is strategic risk management? Strategic Finance 3: 21–61.

    Google Scholar 

  • Frigo, M.L., and R.J. Anderson. 2012a. Strategic risk management: A primer for directors. Director Notes (The Conference Board) 7: 1–5.

    Google Scholar 

  • Frigo, M.L., and R.J. Anderson. 2012b. Strategic risk management: A primer for directors and management teams. Chicago: Strategy & Execution.

    Google Scholar 

  • Frigo, M.L., and H. Læssøe. 2012. Strategic risk management the LEGO Group: Integrating risk management and strategy. Strategic Finance 2: 27–35.

    Google Scholar 

  • Frigo, M.L., and J. Litman. 2007. DRIVEN: Business strategy, human actions and the creation of wealth. Chicago: Strategy & Execution.

    Google Scholar 

  • Frigo, M.L., and V. Ramaswamy. 2009. Co-creating strategic risk-return management. Strategic Finance 5: 3–11.

    Google Scholar 

  • Frigo, M.L., R.S. Kaplan, and D.P. Norton. 2012. The balanced scorecard: 20 years and counting. Strategic Finance 10: 49–53.

    Google Scholar 

  • ISO 31000 (International Organization for Standardization). 2009. Risk management: Principles and guidelines. Geneva: International Organization for Standardization.

    Google Scholar 

  • Kaplan, R.S., and A. Mikes. 2012. Managing risk: A new framework. Harvard Business Review 6: 48–60.

    Google Scholar 

  • Porter, M.E. 1985. Competitive advantage: Creating and sustaining superior performance. New York: Free Press.

    Google Scholar 

  • Prahalad, C.K., and G. Hamel. 1990. The core competence of the corporation. Harvard Business Review 5: 79–91.

    Google Scholar 

  • Prahalad, C.K., and V. Ramaswamy. 2004. The future of competition: Co-creating unique value with customers. Cambridge, MA: Harvard Business School Press.

    Google Scholar 

  • Ramaswamy, V. 2008. Co-creating value through customers’ experiences: The Nike case. Strategy & Leadership 5: 9–14.

    Article  Google Scholar 

  • Ramaswamy, V., and F. Gouillart. 2010. The power of co-creation: Build it with them to boost growth, productivity, and profits. New York: Free Press.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Mark L. Frigo .

Editor information

Editors and Affiliations

Copyright information

© 2018 Macmillan Publishers Ltd., part of Springer Nature

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Frigo, M.L. (2018). Strategic Risk Management. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_522

Download citation

Publish with us

Policies and ethics