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Project managers and risk management: A comparative study between Japanese and Korean firms

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  • Shimizu, Takashi
  • Park, Youngwon
  • Choi, SukBong

Abstract

In the course of managing businesses, executives constantly face challenging circumstances. For instance, the market reality does not necessarily reflect the intent of a company's management. Disruptive business events may occur that are quite contrary to what the senior management expected. Firms that are ill prepared to deal with risk pay a stiff price. The intensely competitive global business reality calls for aggressive and integrative enterprise-wide risk management. Risk management is a critical strategic and operational priority. It is crucial for firms to define effective risk management practices in the context of volatile competitive landscapes with rapidly changing customer expectations.

Suggested Citation

  • Shimizu, Takashi & Park, Youngwon & Choi, SukBong, 2014. "Project managers and risk management: A comparative study between Japanese and Korean firms," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 437-447.
    • Handle: RePEc:eee:proeco:v:147:y:2014:i:pb:p:437-447
    DOI: 10.1016/j.ijpe.2013.07.007
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    References listed on IDEAS

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