Purpose – The article sets out to discuss and present a solution to the fact that various qualitative risk analyses of the same problem can reach significantly different conclusions. Design/methodology/approach – By reviewing a common risk analysis approach and identifying where the possible...

Purpose – This paper offers a conceptualization of the internationalization decision confronted by a firm in an environment of terrorism‐induced risk. Design/methodology/approach – The approach taken is a conceptualization of the internationalization decision framed from theoretical...

Purpose – This paper seeks to present an interview with Ross Campbell, a Melbourne, Australia‐based crisis management practitioner, focusing on the development of crisis management as distinct from risk management. Design/methodology/approach – The paper uses an interview to explain the...

Purpose – The purpose of this paper is to investigate the supplier selection issue as a way to mitigate the overall supply risk, through the proposition of a new approach which is as practical as a total cost of ownership approach and, at the same time, a real support for the supplier...

Purpose – The purpose of this paper is to discuss the relative uses of decision tools for secondary risks of capital projects. Design/methodology/approach – The approach is a comparison of traditional limited approaches (notably EIA) versus emerging more complex approaches at assessing...

Purpose – The aim is to present, explain and illustrate an improved method for decomposing an event‐based change in market value into its cash flow and risk elements. Design/methodology/approach – The approach is two‐fold. There is an algebraic comparison of the existing and improved...

Purpose – Strategic management scholars seek to link strategic factors to performance. When specific causal links cannot be identified, however, other potential explanations should be considered, including the notion of luck. This paper aims to introduce a distinction between scholarly and...

Purpose – This paper aims to present an augmented subjective risk management process that can partially solve the problem of inconsistent results in qualitative risk management. Note that “subjective” in this context is to separate this risk management process from the purely statistical...

Purpose – Several works have focused on defining an organisation mission. Ansoff, Levitt and Drucker, among others, have made seminal contributions. However, globalisation has brought new challenges and changes, in terms of both new risks and new opportunities. Thus: How does globalisation...

Purpose – This paper seeks to develop a model for risk management of knowledge loss in a project‐based organization in Iran. Design/methodology/approach – This study uses a multi‐stage research approach. In the first stage, existing practices are examined to develop a model for risk...