Making Better Risk Decisions in a New Technological Environment

Griffy‐Brown, Charla; Miller, Howard A.; Zhao, Vincent; Lazarikos, Demetrios; Chun, Mark

doi:10.1109/emr.2020.2969121

Cited by 15 publications

(2 citation statements)

References 9 publications

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“…Although the competitive environment impacts the organizational design (Koch and Windsperger, 2017), the regulatory environment influences the boundaries of the strategy map of firms (Dong, 2019). Interestingly, the technological environment transforms the competitive landscape form firms by altering both the competitive and regulatory landscape (Griffy-Brown et al , 2020). The bibliometric output for OC indicated that knowledge, product innovation, culture, strategic agility and technology strategy are inevitable components of a competitive advantage plan.…”

Section: Comprehensive Literature Reviewmentioning

confidence: 99%

Integrating the dialectic perspectives of resource-based view and industrial organization theory for competitive advantage – a review and research agenda

Nayak

Bhattacharyya

Krishnamoorthy

2022

JBIM

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Purpose Academic dialogue related to ‘organizational performance’ in strategic management has primarily centred around the industrial organization theory (IO) and resource-based view (RBV). Both perspectives, though conceptually dialectic, have served as primary competing theories governing research studies in the domain of strategic management. However, the confluence of these theoretical perspectives has not been adequately explored to advance a shared view of competitive advantage. This study aims to explore the likelihood of embedded commonalities between RBV and IO. Design/methodology/approach A bibliometric analysis was conducted to visualize the intellectual map of studies and knowledge development encompassing these theories. This was followed by a comprehensive literature review to understand how the business environment (BE) and organizational capabilities have contributed towards attaining competitive advantage. Findings This study established that connecting the intellectual boundaries of these theoretical perspectives would facilitate better comprehension of the processes and outcomes in organizations. Integrating the knowledge emerging out of this methodological blend, a convergence framework connecting the intellectual boundaries of both theories was presented. Practical implications The framework that emerged from this study would help in better understanding of organizational behaviour from a dual theoretical lens. It would also motivate future studies to consider RBV and IO as complementary theories rather than the current narrative of competing theories. Social implications This study added to the efforts to achieve equilibrium between the BE and internal capabilities of organizations so as to maximize positive social externalities. Originality/value This study contributed to the limited attempts to leverage shared knowledge from a dual perspective using a comprehensive literature review in sequential combination with bibliometric analysis.

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Section: Comprehensive Literature Reviewmentioning

confidence: 99%

Integrating the dialectic perspectives of resource-based view and industrial organization theory for competitive advantage – a review and research agenda

Nayak

Bhattacharyya

Krishnamoorthy

2022

JBIM

View full text Add to dashboard Cite

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“…48 The comprehensiveness of the framework provides flexibility to select threats, assets, and interdependencies to be accounted for in a risk management cycle, while the use of scenarios remains the state-of-the-art approach in risk assessment and planning aiming to optimise risk. 49 That includes the design of scenarios and use cases in the ECHO research, and adding new scenarios throughout the life of the project.…”

Section: Implementation Of the E-maf Logical Modelmentioning

confidence: 99%

A Logical Model for Multi-Sector Cyber Risk Management

Тагарев¹,

Pappalardo²,

Stoianov³

2020

ISIJ

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The increasing reliance on digital infrastructures makes whole sectors of the economy and public services vulnerable to attacks through cyberspace. Some progress has been made in understanding vulnerabilities and ways of reducing cyber risk at the sub-sectoral level. While the sectoral level remains a significant challenge, this study goes beyond, also addressing cyber risk resulting from the cross-and multi-sectoral interdependencies in a consistent logical model. The paper presents the scope of this logical model, outlines the problem of risk assessment, structured around the triplet "Threats-Vulnerabilities-Impact," and the structuring of risk mitigation around types of risk reduction measures, the objective of decision-making on risk treatment, and the modalities of application. We provide examples of the implementation of the logical model, underlying the ECHO Multi-sector Assessment Framework, and conclude by emphasising the advantages the logical model and the framework provide.

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