Operational risk associated with the strategy implementation

Open access


The paper discusses the subject of the strategy implementation and the operational risk that accompanies this stage of the strategic management process. The studies confirmed the existence of a relationship between the effectiveness of the strategy implementation and the operational risk aspects (including internal processes, systems, people and the environment). This indicates the role of risk aspects when implementing development concepts. Therefore it seems necessary to take these elements into account in the course of the strategic management process in order to achieve a greater effectiveness of the implementation work..

1. Amit R., Schoemaker P. (1993), Strategic Assets and Organizational Rent, “Strategic Management Journal’, Vol. 14.

2. Bourgeois L. Jay (1980), Strategy and environment: A conceptual integration, “Academy of management Review”, Vol. 5.

3. Bowman C., Faulkner D. (1996), Competitive and Corporate Strategy, Irwin Professional Publishing.

4. Box T., Small fi rm strategy in turbulent times, “Academy of Strategic Management Journal”, Vol. 10, No. 1.

5. Bratnicki M., Kulikowska - Pawlak M. (2013), Wymiary zarządzania ryzykiem strategicznym a efektywność organizacji, Wyd. UE, Poznań

6. Buehler K., Freeman A., Hulme R., (2008), Owning the right risks, Harvard Business Review, September.

7. Courtney H., Kirkland J., Viguerie P. (2004), Strategia w warunkach niepewności, „Harvard Business Review Polska”, Wrzesień.

8. Frigo M. (2009), Strategic Risk Management: The New Core Competency, “Balanced Scorecard Report”, No. 1, January-February.

9. Frigo M., Anderson R. (2011), What Is Strategic Risk Management?, “Strategic Finance”, April.

10. Frigo M., Læssøe H. (2012), Strategic Risk Management at the Lego Group, “Strategic Finance”, February.

11. Gołębiowski T. (2001), Zarządzanie strategiczne. Planowanie i kontrola, Wyd. Difin, Warszawa.

12. Grant R. (1996), Toward a Knowledge-Based Theory of the Firm, “Strategic Management Journal”, Vol. 17.

13. Hanley C. (2007), The Execution Challenge: Translating Strategy into Action, “Bank Accounting & Finance”, October - November.

14. Hrebiniak L. (2005), Making Strategy Work: Leading Effective Execution and Change, Pearson Education, New Jersey.

15. Johnson G., Scholes, K. (2002), Exploring Corporate Strategy, Harlow, Financial Times Prentice Hall.

16. Jorion P. (2007), Value at risk : the new benchmark for managing fi nancial risk, McGraw-Hill, New York.

17. Kaczmarek T. (2006), Ryzyko i zarządzanie ryzykiem. Ujęcie interdyscyplinarne, Wyd. Difi n, Warszawa.

18. Kaplan R., Mikes A. (2013), Nowa koncepcja zarządzania ryzykiem, Harvard Business Rewiev Polska, Marzec.

19. Kaplan R., Norton D. (2008), Jak osiągnąć mistrzostwo w stosowaniu systemu zarządzania, „Harvard Business Review Polska”, Lipiec-Sierpień.

20. Kathuria R. (2012), Strategy execution. How thinking strategically will benefi t your business,” Smart Business Houston”, January.

21. Keil S., Reibstein D., Wittink D.(2001), The impact of business objectives and the time horizon of performance evaluation on pricing behavior, “ International Journal of Research in Marketing”, Vol. 18.

22. Knight D., Durham C., Locke E. (2001), The relationship of team goals, incentives, and effi cacy to strategic risk, tactical implementation, and performance, “Academy of Management Journal”, Vol. 44, No. 2.

23. Komisja Nadzoru Finansowego (2004), Rekomendacja M.

24. Kotler P., Caslione J. (2009), Chaos. Zarządzanie i marketing w erze turbulencji, Wyd. MT Biznes, Warszawa.

25. Kuhnen C., Knutson B. (2005), The neural basis of fi nancial risk taking, “Neuron”, September, No. 47 (5)

26. Paladino B. (2008), Strategically managing risk in today’s perilous markets, “Strategic Finance”, November.

27. Peteraf M. (1993), The Cornerstones of Competitive Advantage: A Resource Based View, “Strategic Management Journal”, Vol. 14, Iss. 3.

28. Powers M. (2010), Uncertainty principles in risk fi nance, “Journal of Risk Finance”, Vol. 11 Iss. 3.

29. Ruefl i T., Collins J., Lacugna J. (1999), Risk measures in strategic management research: auld lang syne?, “Strategic Management Journal”, No. 20.

30. Sitkin S., Pablo A. (1992), Reconceptualizing the determinants of risk behavior, “Academy of Management Review”, Vol. 17, No. 1.

31. Strategic Risk Management, Studies Research Paper WP07/00, Cambridge, United Kingdom.

32. Szulanski G. (1996), Exploring Internal Stickiness: Impediments to the Transfer of Best Practice Within The Firm, “Strategic Management Journal”, Vol. 17.

33. Światowiec - Szczepańska J. (2012), Ryzyko partnerstwa strategicznego przedsiębiorstw. Ujęcie modelowe, Wyd. UE w Poznaniu, Poznań.

34. Urbanowska-Sojkin E. (2013), Ryzyko w wyborach strategicznych przedsiębiorstw, PWE, Warszawa.

35. Wernerfelt B. (1984), A Resource Based View of the Firm, “Strategic Management Journal”, Vol. 5.

36. Wu L., Wu T. (2003), From Strategy Plan To Action Plan, “City planning review”, No. 12


The Journal of University of Zielona Góra

Journal Information

Cited By


All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 247 218 14
PDF Downloads 142 135 6