Abstract
The concepts of value creation and risk management are
commonly used by management researchers, business
consultants and firms. However, the interrelationship of
these concepts is rarely considered in academic research.
This paper approaches value creation from the perspective
of risk management. The main research question is "How
the concepts of value creation and risk management
interrelate?" In addition, advantages and disadvantages
resulting in tying these concepts together are
dis-cussed. The results show that even though risk is
acknowledged as an important variable in value creation,
the current discussion does not pro-ceed from risk
identification further to risk analysis and management.
The paper concludes that tying up the concepts could
bring some benefits as well as new opportunities to
consider risk-conscious value creation.
Original language | English |
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Title of host publication | Proceedings of 24th Annual RESER Conference 2014 |
Place of Publication | Espoo |
Publisher | VTT Technical Research Centre of Finland |
Pages | 843-852 |
ISBN (Print) | 978-951-38-7436-0 |
Publication status | Published - 2014 |
MoE publication type | A4 Article in a conference publication |
Event | 24th Annual RESER Conference, RESER 2014: Services and New Societal Challenges: Innovation for Sustainable Growth and Welfare - Helsinki, Finland Duration: 11 Sept 2014 → 13 Sept 2014 Conference number: 24 |
Conference
Conference | 24th Annual RESER Conference, RESER 2014 |
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Abbreviated title | RESER 2014 |
Country/Territory | Finland |
City | Helsinki |
Period | 11/09/14 → 13/09/14 |
Keywords
- risk management
- value creation
- risk-consciousness