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Optimizing decisions using knowledge risk strategy
DOI:10.1108/JKM-11-2015-0465.png)
摘要
En 中文
Purpose - The paper aims to focus on a strategic approach for making trade-offs between knowledge and risk. Design/methodology/approach - Knowledge and risk are viewed as organizational resources that have an inherent trade-off between them, so that optimal firm performance does not necessarily arise through greater accumulation of knowledge nor from reduced risk. This trade-off is represented as an efficient knowledge-risk frontier. The paper examines the dynamics of this frontier on organizational performance. Findings - The concept of knowledge-risk strategy is presented which contends that non-probabilistic risk or uncertainty originates from gaps in knowledge. Research limitations implications - The paper proposes a new line of research to understand decision-making in organizations, particularly those which focus on knowledge intensive products and services. Practical implications - The paper proposes managerial approaches to improve organizational positioning relative to the efficient knowledge-risk frontier through greater awareness of contributors to knowledge gaps and risk in decision situations, as well as traditional strategic tools such as outsourcing. Originality/value - The postulated link between risk and knowledge gaps establishes a knowledge-based view of firm risk and recognizes trade-offs for decisions regarding knowledge accumulation.
Keyword:
Knowledge
Decision making
Risk
Resource based strategy
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期刊
IF:
9.5
论文数:
1.7K
被引数:
1.1W

