The relationship between Enterprise Risk Management and Managerial Judgement in Decision-making: A Systematic Literature Review
Enterprise risk management (ERM) promises to improve decision-making and help organizations avoid wicked problems. Consequently, risk artefacts may play a significant role in managers’ decision-making processes, but little is known about the relationship between ERM and managerial judgement in decision-making (MJDM). The purpose of this paper is to present a systematic literature review of ERM, thereby filling this knowledge gap and providing an evidence based foundation for improving practice and advancing knowledge and theory development.
Bringing True Strategic Foresight Back to Business
Strategy and foresight were once the same discipline. And they should
be again. The immediacy of day-to-day operations can lead to a strategic process
that is more about ticking boxes and filling templates, which often end up
languishing, unopened, in an... more
Strategic Management School of Thoughts: Synergistic Integration toward Strategy Implementation
Business strategy is a means of achieving a competitive edge, and strategic implementation is a driving force for a company’s competitive and sustainable performance. The strategic management schools of thought presented ideal and philosophical perceptions about firms' strategies in prevailing circumstances. Unfortunately, managers' emphasis is more on crafted strategies than implementation;..........
Strategic Management in 2024: Key Strategies for Business Success
Strategic management is the cornerstone of business success. It's about setting clear goals, analysing strengths and weaknesses, formulating a robust plan, and executing it flawlessly. From SWOT analysis to balanced scorecards, the right tools can propel your company forward. Embrace this process, and watch your business thrive in today's competitive landscape.
Strategic Planning Toolkit
Strategy is important to any organisation because it brings focus to future goals and direction. It provides clarity and a time line for change and improvement.
Strategic Management: A Comprehensive Review Paper
Purpose: This paper aims to shed light on the evolution of strategic management over time, including definitions, supporting theories, tools, importance, and application in various business settings, and highlight the challenges and future trends of strategic management.