Consideration of strategic risk and resilience in large enterprises: how to turn an uncertainty into an opportunity instead of a threat?

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Eräranta, Kirsi Allekotte, Erika Sofie 2018-11-19T13:02:48Z 2018-11-19T13:02:48Z 2018
dc.description.abstract The objective for this research is to comprehend how Finnish corporations use strategic resilience for tackling strategic risk. The idea is to understand the comprehension of strategic resilience and its benefits combined with how organizations are using strategic resilience for survival in turbulent environment. The research objectives are to understand the comprehension of the benefits of strategic resilience (1) and how organizations are benefiting of this understanding in their ways of doing strategy (2). The last research objective is about comprehending how large Finnish organizations prepare to tackle strategic risk in their strategy (3). The research was conducted by interviewing three strategy directors of large Finnish corporations. The interviews were semi-structured and six in total, two per interviewee. The interviews were followed by a set of questions based on the literature review and the theoretical framework. The theoretical framework combines strategic risk and Enterprise Risk Management with resilience management and strategic resilience as two parts of creating competitive advantage in turbulent environment. As a research result, seven attributes for strategic risk and strategic resilience were formed. The attributes for strategic resilience are forecasting risk and promoting risk-taking and accepting failure. The attributes for strategic risk are having the mentality for change and innovativeness, avoiding nostalgia, using communication for building transparency and trust, the ability of making decisions fast and avoiding rigidity. These seven attributes were associated with turbulent environment and MNEs. en
dc.format.extent 68 + 2
dc.language.iso en en
dc.title Consideration of strategic risk and resilience in large enterprises: how to turn an uncertainty into an opportunity instead of a threat? en
dc.type G2 Pro gradu, diplomityö fi Kauppakorkeakoulu fi School of Business en
dc.contributor.department Johtamisen laitos fi
dc.subject.keyword strategic risk en
dc.subject.keyword strategic resilience en
dc.subject.keyword turbulent environment en
dc.subject.keyword resilience en
dc.identifier.urn URN:NBN:fi:aalto-201811195826
dc.type.ontasot Master's thesis en
dc.type.ontasot Maisterin opinnäyte fi
dc.programme Corporate Communication en
dc.location P1 I fi
local.aalto.electroniconly yes
local.aalto.openaccess no

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