Risky business in a volatile world
Purpose This paper aims to explore the nature of risk as the world becomes a more volatile place. Risk thinking is gaining a higher profile within human resource management, and this paper examines the responses being made and the characteristics of resilient and adaptive organizations. Design/methodology/approach This paper presents a categorization of risk using the volatile, uncertain, complex and ambiguous metaphor to lay out the likely shape of imminent business risks and the concept of adaptation to show how responses can be effective. Findings Businesses will be forced to re-examine how they work in ways that will have an impact on customer expectations, product enhancement, collaborative innovation and organizational forms. Firms will need to understand corporate cultures and governance issues, as well as traditional talent management practices and processes. Originality/value This paper provides a wide-ranging examination of the nature of risks – internal, external, political, and societal – and points to the importance of human resource management strategists in addressing these issues and shaping policy.
Year of publication: |
2017
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Published in: |
Human Resource Management International Digest. - Emerald Publishing Limited, ISSN 1758-7166, ZDB-ID 2082534-1. - Vol. 25.2017, 1, p. 13-15
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Publisher: |
Emerald Publishing Limited |
Subject: | Resilience | HRM | Risk | Organization culture |
Saved in:
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