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Mandatory readings:
Book
Torben J. Andersen and
Peter C. Young (2022). Strategic Risk Leadership: Context
and Cases, Routledge [ISBN 9780367709389]
https://www.routledge.com/Strategic-Risk-Leadership-Context-and-Cases/Andersen-Young/p/book/9780367709389
Book chapters
*Andersen, T. J. and Young, P. C. 2020. ‘The story of risk
management’, Chapter 2 in Strategic Risk Leadership: Engaging
in a World of Risk, Uncertainty, and the Unknown. Routledge,
London, UK, pp. 23-51.
https://doi.org/10.4324/9781003006220
Andersen, T. J., Garvey, M. and Roggi, O. 2014. ‘Risk, risk
management, and risk governance’, Chapter 1 in Managing Risk
and Opportunity, Oxford University Press, pp. 5-34.
[uploaded on Canvas]
Andersen, T. J., Garvey, M. and Roggi, O. 2014. ‘Value creation
through risk management’, Chapter 4 in Managing Risk and
Opportunity, Oxford University Press, pp. 101-131.
[uploaded on Canvas]
Mitroff I. I. and Silvers, A. 2010. ‘Screwing up royally - An
introduction to errors of the third and fourth kind’, Chapter 1 in
Dirty Rotten Strategies: How We Trick Ourselves and Others Into
Solving the Wrong Problems Precisely, Stanford Business Books,
pp. 1-28. [uploaded on Canvas]
Weick, K. E. and Sutcliffe, K. M. 2001. ‘What Business can Learn
from High Reliability Organizations’, Chapter 1 in Managing the
Unexpected: assuring high performance in an age of complexity,
Jossey-Bass, San Francisco, pp. 1-23.
[uploaded on Canvas]
Articles
Andersen, T. J. 2017. Corporate responsible behavior in
multinational enterprise. International Journal of
Organizational Analysis, 25(3), 1-21.
https://doi.org/10.1108/IJOA-12-2016-1098
Ardichvili, A., Mitchell, J. and Jondle, D. 2009.
Characteristics of ethical business cultures. Journal of
Business Ethics, 85, 445-451.
https://doi.org/10.1007/s10551-008-9782-4
Bundy, J., Pfarrer, M. D., Short, C. E. and Coombs, W. T. 2017.
Crises and crisis management: Integration, interpretation, and
research development. Journal of Management, 43(6),
1661–1692.
https://doi.org/10.1177/0149206316680030
Finkelstein, S., Whitehead, J. and Campbell, A. 2009. Think
again: Why good leaders make bad decisions. Business Strategy
Review, 20(2), 62-66.
http://dx.doi.org/10.1111/j.1467-8616.2009.00601.x
Husted, B. W. 2005. Risk management, real options, and corporate
social responsibility. Journal of Business Ethics, 60,
175-183.
https://doi.org/10.1007/s10551-005-3777-1
Jacquart, P. and Antonakis, J. (2015). When does charisma matter
for top-level leaders? Effect of attributional ambiguity.
Academy of Management Journal, 58(4), 1051-1074.
https://doi.org/10.5465/amj.2012.0831
Manuj, I. and Mentzer, J. T. 2008. Global supply chain risk
management strategies. International Journal of Physical
Distribution & Logistics Management, 38(3), 192-223.
https://doi.org/10.1002/j.2158-1592.2008.tb00072.x
*Miller, K. D., 1992. A framework for integrated risk management
in international business. Journal of International
Business, 23(2), 311-331.
https://doi.org/10.1057/palgrave.jibs.8490270
*Nocco, B. and Stulz, R. 2006. Enterprise risk management:
Theory and practice. Journal of Applied Corporate Finance,
18, 8-20.
https://doi.org/10.1111/j.1745-6622.2006.00106.x
Owen, D. and Davidson, J. 2009. Hubris syndrome: An acquired
personality disorder? A study of US Presidents and UK Prime
Ministers over the last 100 years. Brain, 132(5),
1396-1406.
https://doi.org/10.1093/brain/awp008
Paape, L. and Speklé, R.F. 2012. The adoption and design of
enterprise risk management practices: An empirical study.
European Accounting Review. 21(3), 533-564.
https://doi.org/10.1080/09638180.2012.661937
Pernell, K., Jung, J. and Dobbin, F. 2017. The hazards of expert
control: Chief risk officers and risky derivatives. American
Sociological Review, 82(3), 511-541.
https://doi.org/10.1177/0003122417701115
Petersen, B., Benito, G. R. G. and Welch, L. S. 2021. Foreign
operation mode flexibility: tradeoffs and managerial responses.
International Journal of the Economics of Business, 28(2),
281–307.
https://doi.org/10.1080/13571516.2021.1889917
Power, M. 2009. The risk management of nothing. Accounting,
Organization and Society, 34(6-7), 849-855.
https://doi.org/10.1016/j.aos.2009.06.001
Sandin, P. (2009). Approaches to ethics for corporate crisis
management.
Journal of
Business Ethics, 87, 109-116.
https://doi.org/10.1007/s10551-008-9873-2
Schmidt, W. and Simchi-Levi, D. 2013. Nissan Motor Company Ltd.:
Building operational resiliency. MIT Sloan Management
Review, 13-149.
https://mitsloan.mit.edu/LearningEdge/CaseDocs/13-149%20Nissan.Simchi-Levi.pdf
Schoemaker, P. J. H. and Day, G. S. 2009. How to make sense of
weak signals. MIT Sloan Management Review, 50(3),
81-89.
Scholten, K. and Schilder, S. 2015. The role of collaboration in
supply chain resilience. Supply Chain Management, 20(4),
471-484.
https://doi.org/10.1108/SCM-11-2014-0386
Shefrin, H. 2020. The Psychology Underlying Biased Forecasts of
COVID-19 Cases and Deaths in the United States. Frontiers in
Psychology, 11, 1-11.
https://doi.org/10.3389/fpsyg.2020.590594
Simonet, D.V. and Tett, R. T. 2012. Five perspectives on the
leadership-management relationship: A competency-based evaluation
and integration. Journal of Leadership & Organizational
Studies, 20(2), 199-213.
https://doi.org/10.1177/1548051812467205
Todo, Y., Nakajima, K. and Matous, P. 2015. How do supply chain
networks affect the resilience of firms to natural disasters?
Evidence from the Great East Japan Earthquake. Journal of
Regional Science, 55(2), 209-229.
https://doi.org/10.1111/jors.12119
Uhl-Bien, M., Riggio, R.E., Lowe, K.B. and Carsten, M.K. 2014.
Followership theory: A review and research agenda. The
Leadership Quarterly, 25, 83-104.
https://doi.org/10.1016/j.leaqua.2013.11.007
Uhl-Bien, M. and Arena, M. (2017). Complexity leadership:
Enabling people and organizations. Organizational
Dynamics, 46(1), 9-20.
https://doi.org/10.1016/j.orgdyn.2016.12.001
Uhl-Bien, M. and Arena, M. (2018). Leadership for organizational
adaptability: A theoretical synthesis and integrative framework.
The Leadership Quarterly, 29, 89-104.
https://doi.org/10.1016/j.leaqua.2017.12.009
Young, P. C. 2004. Ethics and risk management: Building a
framework. Risk Management, 6(3), 23-34.
https://www.jstor.org/stable/3867776?seq=1#metadata_info_tab_contents
Cases
KN Energy, Inc. (A)(B)(C) [uploaded on Canvas]
Lehman Brothers (A)(B) [uploaded on Canvas]
Porsche (A)(B)(C)(D) [uploaded on Canvas]
Nokia – The Rise and Fall of an Icon [uploaded on
Canvas]
British Petroleum: From Texas City to the Gulf of Mexico and
Beyond [uploaded on Canvas]
Videos
*Andersen, T. J. 2012. Strategic risk management: An
overview. Henry Stewart Talks, London, UK. HSTalks – Campus
and remote access
https://hstalks.com/t/2415/strategic-risk-management-an-overview/?business
Sydney Finkelstein, Dartmouth Professor, Thought leader on
strategic
decision-making
https://www.youtube.com/watch?v=D1OQ_DymxH0
The Bank That Bust the World
https://www.youtube.com/watch?v=yyOnR2AMs-k
PBS News hour – Consulting and the Opioid Epidemic - Feb. 10,
2021.
https://www.pbs.org/newshour/show/how-a-powerful-corporate-consulting-firm-helped-create-the-opioid-epidemic
Websites
BBC News, Fukushima disaster: Nuclear executives found not
guilty. September 19, 2019.https://www.bbc.com/news/world-asia-49750180
British Petroleum, Press release. February 12, 2020.
https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bernard-looney-announces-new-ambition-for-bp.html
CNBC
https://www.cnbc.com/2017/09/05/toymaker-lego-to-cut-8-percent-of-staff-as-sales-decline.html
Kell, John. 2017. General Mills loses the culture wars.
Fortune – June issue.
http://fortune.com/2017/05/22/general-mills-yoplait-greek-yogurt/
McKinsey & Company – McKinsey on social responsibility
https://www.mckinsey.com/about-us/social-responsibility
The Texas City refinery explosion
https://www.youtube.com/watch?v=goSEyGNfiPM
Other sources
BIS. (2015). Guidelines: Corporate Governance Principles for
Banks. Bank for International Settlements.
https://www.bis.org/bcbs/publ/d328.htm
Harvard Business School, Working Knowledge, Can LEGO
Snap Together a Future in Asia? May 28, 2013.
https://hbswk.hbs.edu/item/can-lego-snap-together-a-future-in-asia
*IRM. 2002. A Risk Management Standard. The Institute
of Risk Management, London, UK.
https://www.theirm.org/media/4709/arms_2002_irm.pdf
IRM. 2010. A Structured Approach to Enterprise Risk
Management. The Institute of Risk Management, London,
UK.
https://www.ferma.eu/app/uploads/2011/10/a-structured-approach-to-erm.pdf
IRM. 2018. Standard Deviations – A Risk Practitioners Guide
to ISO 31000. The Institute of Risk Management, London, UK. [
https://www.theirm.org/media/6884/irm-report-iso-31000-2018-v2.pdf
]
IRGC. 2020. Covid-19: A risk governance perspective. Spotlight
on risk. International Risk Governance Center, Lausanne,
Switzerland, pp. 1-8.
https://www.epfl.ch/research/domains/irgc/spotlight-on-risk/
IRGC. 2020. Low-carbon transition risk. Spotlight on risk.
International Risk Governance Center, Lausanne, Switzerland, pp.
1-6.
https://www.epfl.ch/research/domains/irgc/spotlight-on-risk/
ISO. 2019. Business continuity ISO 22301. International
organization for Standardization, Geneva, Switzerland.
ISO - ISO
22301 - Business continuity
McKinsey. 2019. Operations practice: A practical approach to
supply-chain risk management.
A practical approach to supply-chain risk management
(mckinsey.com)
OECD. 2015. Principles of Corporate Goverance.
Organisation for Economic Co-operation and Development, Paris,
France.
https://www.oecd.org/daf/ca/Corporate-Governance-Principles-ENG.pdf
Additional readings:
Andersen, T. J. 2012. Multinational risk and performance
outcomes: Effects of knowledge intensity and industry context.
International Business Review, 21, pp. 239–252.
https://doi.org/10.1016/j.ibusrev.2011.02.005
Andersen, T. J. and Hallin, C. A. (2016). The adaptive
organization and fast-slow systems. The Oxford Research
Encyclopedia, Business and Management. Oxford University
Press, pp. 1-26.
Banerjee, S. Humphery-Jenner, M. and Nanda, V. 2015. Restraining
overconfident CEOs through Improved governance: Evidence from the
Sarbanes-Oxley Act. The Review of Financial Studies, 28,
10, 2812–2858.
Benito, G. R. G., Pedersen, B. and Welsch, L. S. 2019. The
global value chain and internalization theory. Journal of
International Business Studies, 50, pp. 1414-1423.
https://doi.org/
10.1057/s41267-019-00218-8
Brennan, N. M. and Conroy, J. P. 2013. Executive hubris: The
case of a bank CEO. Accounting, Auditing and Accountability
Journal, 26(2), 172-195.
https://doi.org/10.1108/09513571311303701
Dahlhoff, D. 2015. Why Target’s Canadian Expansion Failed.
Harvard Business Review. January 20.
https://hbr.org/2015/01/why-targets-canadian-expansion-failed
Drummond. H. 2002. Living in a fool’s paradise: The collapse of
Barings’ Bank. Management Decision, 40(3), 232-238.
https://doi.org/10.1108/00251740210420183
Frigo, M. L. and Læssøe, H. 2012. Strategic risk management at
the LEGO Group. Strategic Finance, 93(2), 27-35.
Ghoshal, S. 1987. Global strategy: An organizing framework.
Strategic Management Journal, 8, 425-440.
https://doi.org/10.1002/smj.4250080503
Gilligan, G. 2011. Jérôme Kerviel the 'rogue
trader' of Société Générale: Bad luck, bad apple, bad tree or
bad orchard? The Company Lawyer, 32(12),
355-362.
Goodpaster, K.E. 1997. The principle of moral
projection. In Werhane, P. H. and Freeman, R. E. (eds.)
Blackwell Encyclopedic Dictionary of Business Ethics.
Malden, MN, Blackwell Publishing (p. 432).
Heller, N. A. 2012. Leadership in crisis: An exploration of the
British Petroleum case. International Journal of Business and
Social Science, 3(18), 21-32.
Jung, J. C. and Sharon, E. 2019. The Volkswagen emissions
scandal and its aftermath. Global Business and Organizational
Excellence, 38(4),
6-15.https://doi.org/10.1002/joe.21930
Mason, R. O. 2004. Can a culture be lethal? Lessons in
organizational ethics from the Columbia disaster.
Organizational Dynamics, 33(2), 128–142.
https://doi.org/10.1016/j.orgdyn.2004.01.002
Olavsrud, T. 2014. 11 Steps attackers took to crack Target.
CIO Magazine. September 2.
https://www.cio.com/article/2600345/11-steps-attackers-took-to-crack-target.html
Rafeld, H., Fritz-Morgenthal, S. and Posch, P.N. 2017.
Behavioural patterns in rogue trading: Analysing the cases of Nick
Leeson, Jérôme Kerviel and Kweku Adoboli—Part 1 and 2. Journal
of Financial Compliance. (1, 2), 156-171, and (1, 3),
276-284.
Sax, J. and Andersen, T. J. 2018. Making risk management
strategic: Integrating enterprise risk management with strategic
planning. European Management Review, 16(3), 719-740.
Sax, J. and Torp, S. S. 2015. Speak up! Enhancing risk
performance with enterprise risk management, leadership style and
employee voice. Management Decision, 53(7), 1452-1468.
Stein, M. 2002. The risk taker as shadow: A psychoanalytic view
of the collapse of Barings Bank. Journal of Management
Studies. 37(8), 1215-1230.
https://doi.org/10.1111/1467-6486.00222
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