Abstract
A model of strategic risk taking incorporating environmental, industrial, organizational, decision maker, and problem variables is presented. The model is intended to be both a preliminary conceptualization of strategic risk taking and a stimulant for future research on risk taking in strategic management decisions. Relevant research from a number of disciplines is summarized, and the potential impacts of particular variables on the propensity to take strategic risks are examined.
Keywords
ContingencyStrategic planningContingency theoryContingency planBusinessProcess managementOperations managementEconomicsManagementMarketingEpistemologyPhilosophy
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Publication Info
- Year
- 1985
- Type
- article
- Volume
- 10
- Issue
- 2
- Pages
- 230-243
- Citations
- 574
- Access
- Closed
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Cite This
Inga S. Baird,
Howard Thomas
(1985).
Toward a Contingency Model of Strategic Risk Taking.
Academy of Management Review
, 10
(2)
, 230-243.
https://doi.org/10.5465/amr.1985.4278108
Identifiers
- DOI
- 10.5465/amr.1985.4278108