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Managing (in) a Disruptive World

Torben Juul Andersen (Copenhagen Business School, Denmark)

A Study of Risky Business Outcomes: Adapting to Strategic Disruption

ISBN: 978-1-83797-075-9, eISBN: 978-1-83797-074-2

Publication date: 29 September 2023


The global environments that surround contemporary business activities are uncertain, fast-changing, and frequently exposed to abrupt unexpected events with the potential to inflict extreme impacts where the ability to respond and adapt the organization effectively becomes a primary strategic concern. However, various firms that operate across diverse industry contexts approach this adaptive challenge in distinct ways that lead to quite diverse outcomes with many negative performers and some high performers with positive risk features. The heterogeneous approaches appear to consistently form extreme left-tailed performance distributions with inverse risk-return features but we are not really able to explain why and how these regularly observed phenomena come about. Hence, we want to study these organizational artifacts by collecting an extensive updated dataset to test the proposed relationships, explore alternative explanations, and learn from the extreme exemplars often referred to as outliers. There are extensive literatures in (strategic) management and finance that have dealt with the distribution of firm returns from slightly different angles but with some emerging commonalities that can inspire further analyses of the performance data. As a precursor for this, we discuss the odds of effective strategic adaptation in complex dynamic environments and introduce resilience as a proper outcome when simple solutions are scarce, and consider conditions that may facilitate these aims. The premises for the ensuing analyses are laid out and the main contents of the following chapters are presented.



Andersen, T.J. (2023), "Managing (in) a Disruptive World", A Study of Risky Business Outcomes: Adapting to Strategic Disruption (Emerald Studies in Global Strategic Responsiveness), Emerald Publishing Limited, Leeds, pp. 1-13.



Emerald Publishing Limited

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