Reports on a study that examines a model of risk behaviour in which the effects of risk propensity and problem framing are jointly evaluated. Managers from 58 oil industry organizations were presented with hypothetical business decisions involving significant gains and losses, and asked to...

Decision‐making studies incorporating risk have typically used risk measures that are generic across industries. Responding to calls for finer‐grained approaches, a recent study used a qualitative approach to discover how managers interpret risk in different industry contexts. Managers from...

In this paper, we examine how a public sector organization developed a new strategic approach based on the identification and use of an internal dynamic capability (learning through experimenting). In response to the need for continual performance improvement in spite of reduced financial...