Strategic and Cultural Risk

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Copyright: 2021
Pages: 18
Source title: Relating Information Culture to Information Policies and Management Strategies
Source Author(s)/Editor(s): Denise A.D. Bedford (Georgetown University, USA)and Wioleta Kucharska (Gdańsk University of Technology, Poland)
DOI: 10.4018/978-1-7998-4315-3.ch010

Keywords: Business Science Reference / Information Value & Quality / Library & Information Science / Management Science

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Abstract

This chapter explores the concepts of harm and risk and translates them to the strategy and culture context. The peer-reviewed and gray literature speak to generic hazards and threats whose consequences might be amplified by cultural and information behaviors and actions. This chapter takes the discussion of hazards and risks one step further by speaking to specific hazards and threats related to organizations' business and information cultures and information strategies. The business literature tells us that the rate of strategic failure is somewhere between 60% and 90%. The authors describe several common risk factors that can be addressed by redefining the strategic planning process. The ISO 31000/31010 risk management process is adapted to account for these factors.

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