Risk-conscious value creation

Marinka Lanne, Markus Jähi, Mervi Murtonen

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    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 languageEnglish
    Title of host publicationProceedings of 24th Annual RESER Conference 2014
    Place of PublicationEspoo
    PublisherVTT Technical Research Centre of Finland
    Pages843-852
    ISBN (Print)978-951-38-7436-0
    Publication statusPublished - 2014
    MoE publication typeA4 Article in a conference publication
    Event24th Annual RESER Conference, RESER 2014: Services and New Societal Challenges: Innovation for Sustainable Growth and Welfare - Helsinki, Finland
    Duration: 11 Sep 201413 Sep 2014
    Conference number: 24

    Conference

    Conference24th Annual RESER Conference, RESER 2014
    Abbreviated titleRESER 2014
    CountryFinland
    CityHelsinki
    Period11/09/1413/09/14

    Keywords

    • risk management
    • value creation
    • risk-consciousness

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  • Cite this

    Lanne, M., Jähi, M., & Murtonen, M. (2014). Risk-conscious value creation. In Proceedings of 24th Annual RESER Conference 2014 (pp. 843-852). VTT Technical Research Centre of Finland. http://www.reser2014.fi/docs/RESER_2014_Proceedings.pdf