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Summary and Conclusion

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


This chapter outlines the major analytical efforts performed as part of the overarching research project with the aim to investigate the organizational and environmental circumstances around the extreme negatively skewed performance outcomes regularly observed across firms. It presents the collection and treatment of comprehensive European and North American datasets where subsequent analyses reproduce the contours of performance distributions observed in prior empirical studies. Key theoretical perspectives engaged in prior studies of performance data and the implied risk-return relationships are presented and these point to emerging commonalities between empirical findings in the management and finance fields. The results from extended analyses of more fine-grained data from North American manufacturing firms uncover the subtle effects of leadership and structural features, and computational simulations demonstrate how the implied adaptive processes can lead to the empirically observed performance distributions. Finally, the findings from the analytical project activities are set in context and the implications of the observed results are discussed to reach at a final conclusion.



Andersen, T.J. (2023), "Summary and Conclusion", A Study of Risky Business Outcomes: Adapting to Strategic Disruption (Emerald Studies in Global Strategic Responsiveness), Emerald Publishing Limited, Leeds, pp. 143-158.



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