Strategic Risk Management: A Research Overview (State of the Art in Business Research)

Strategic Risk Management represents an organisational capacity to adapt business activities to match the evolving competitive environment. This updated edition reflects the increasingly disruptive global competitive landscape.Incorporating the latest scholarly developments, the authors advance the risk leadership model to introduce a strategic drift warning system that accounts for behavioural trends across organizational hierarchies.Across five concise chapters, the book traces the evolution from enterprise risk management (ERM) toward a dynamic multidisciplinary approach to strategic risk management (SRM) with more sophisticated perspectives on strategy-making.It demonstrates how conventional models, grounded in probabilistic forecasts, compliance routines, and auditable processes, fail to capture and address emergent threats and systemic shocks.Drawing on decades of research in behavioural science, organizational theory, and dynamic capabilities, it reveals the hidden cognitive bia