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Article
Publication date: 12 September 2016

Les Coleman and R. Mitch Casselman

The paper aims to focus on a strategic approach for making trade-offs between knowledge and risk.

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Abstract

Purpose

The paper aims to focus on a strategic approach for making trade-offs between knowledge and risk.

Design/methodology/approach

Knowledge and risk are viewed as organizational resources that have an inherent trade-off between them, so that optimal firm performance does not necessarily arise through greater accumulation of knowledge nor from reduced risk. This trade-off is represented as an efficient knowledge-risk frontier. The paper examines the dynamics of this frontier on organizational performance.

Findings

The concept of knowledge-risk strategy is presented which contends that non-probabilistic risk or uncertainty originates from gaps in knowledge.

Research limitations implications

The paper proposes a new line of research to understand decision-making in organizations, particularly those which focus on knowledge intensive products and services.

Practical implications

The paper proposes managerial approaches to improve organizational positioning relative to the efficient knowledge-risk frontier through greater awareness of contributors to knowledge gaps and risk in decision situations, as well as traditional strategic tools such as outsourcing.

Originality/value

The postulated link between risk and knowledge gaps establishes a knowledge-based view of firm risk and recognizes trade-offs for decisions regarding knowledge accumulation.

Details

Journal of Knowledge Management, vol. 20 no. 5
Type: Research Article
ISSN: 1367-3270

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Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here
Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here
Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here
Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here
Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here
Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

To view the access options for this content please click here
Book part
Publication date: 5 February 2019

Les Coleman

Abstract

Details

New Principles of Equity Investment
Type: Book
ISBN: 978-1-78973-063-0

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