Toward a Contingency Model of Strategic Risk Taking

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Authors: I.S. Baird, H. Thomas

Publication Year: 1985

Source: http://www.jstor.org/stable/257965

Journal: Academy of Management Review

Volume: 10

Issue: 2

Categories: Organizational Change, Change Management, Crisis, Qualitative


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.