... planning, this study suggests that firms must shift from traditional risk-based models to uncertainty-driven anticipatory strategies. Design/methodology/approach Using real-world case studies and a structured methodological framework, the authors illustrate how scenario planning can...

... exposure. These findings suggest that CIOs’ investment decisions are influenced by risk considerations and systematically shape firms’ diversification behaviors. Originality/value The study extends diversification research by linking modern portfolio theory with strategic management in an industry...

... uncertainties in the international environment and the structural reshaping of globalization (Petricevic and Teece, 2019). The first capability to thrive amid global uncertainty is sensing the context. This involves scanning the global business environment and understanding different types of risk...

...Mark Lehrer; Stefan Schmid Purpose This paper aims to explore hidden wellsprings of risk-taking in family firms. Design/methodology/approach The high tolerance for risk shown repeatedly by the famous family firm Hipp of Germany is documented. Three major risk-taking episodes at Hipp...

... review, we identified four characteristics that distinguish bet-the-company decisions from other strategic decisions: high risk-taking; extreme, bifurcated outcomes; affect most areas of the firm; and have a long-term payoff horizon. While strategic decisions in general exhibit one...