Global Strategic Responsiveness
Ìý Ìý Ìý ÌýThe Global Strategic Responsiveness (GSR) initiative is engaged in a variety of activities to help
Ìý Ìý Ìý Ìýboth publicÌýand private organizations deal more effectively with the uncertain conditionsÌýand
Ìý Ìý Ìý Ìýunpredictable abruptÌýevents that characterize the contemporary business environments.Ìý
Ìý Ìý Ìý Ìýboth publicÌýand private organizations deal more effectively with the uncertain conditionsÌýand
Ìý Ìý Ìý Ìýunpredictable abruptÌýevents that characterize the contemporary business environments.Ìý
Ìý
Ìý Ìý Ìý ÌýToday’s socio-economic conditions are influenced by many emerging (global) challenges where
Ìý Ìý Ìý ÌýtheÌýeventualÌýoutcomes are largely unknown.Ìý These include issues like climate change,
Ìý Ìý Ìý Ìýglobal pandemics,Ìýpolitical conflicts,Ìýsocial trends, technological inventions, competition/rivalry,
Ìý Ìý Ìý Ìýshifts in industry structure,Ìýproduct/process innovation, policy initiatives, regulation, natural
Ìý Ìý Ìý ÌýtheÌýeventualÌýoutcomes are largely unknown.Ìý These include issues like climate change,
Ìý Ìý Ìý Ìýglobal pandemics,Ìýpolitical conflicts,Ìýsocial trends, technological inventions, competition/rivalry,
Ìý Ìý Ìý Ìýshifts in industry structure,Ìýproduct/process innovation, policy initiatives, regulation, natural
Ìý Ìý Ìý Ìýand manmade disasters, etc.ÌýThese factors can all lead to extreme outcomes with impacts
Ìý Ìý Ìý Ìýon organizational longevity and sustainability.
Ìý Ìý Ìý Ìýon organizational longevity and sustainability.
Ìý
Ìý Ìý Ìý ÌýIt is in this context GSR wants to be a catalyst for timely research that can provide useful answers
Ìý Ìý Ìý Ìýto the implied organizational (and societal) challenges of our time that require effective
Ìý Ìý Ìý ÌýresponsesÌýfrom public and private organizations and alike.ÌýÌý
Ìý Ìý Ìý Ìýto the implied organizational (and societal) challenges of our time that require effective
Ìý Ìý Ìý ÌýresponsesÌýfrom public and private organizations and alike.ÌýÌý
Ìý
Ìý Ìý Ìý ÌýSearching for useful solutions to these challenges will require cross-disciplinaryÌýcollaborative efforts
Ìý Ìý Ìý Ìýacross an international network of engaged researchers and partners.
Ìý Ìý Ìý Ìýacross an international network of engaged researchers and partners.
Ìý
Ìý Ìý Ìý ÌýThe global business context can be characterized as a dynamic complex system where eventual
Ìý Ìý Ìý Ìýoutcomes are largely unpredictable and may have potentially extreme effects that can threaten
Ìý Ìý Ìý Ìýoutcomes are largely unpredictable and may have potentially extreme effects that can threaten
Ìý Ìý Ìý Ìýthe economic and social order as we know it today.
Ìý Ìý Ìý ÌýThis exposure is formed by a multitude of factors that go beyond firm-specific responses and
Ìý Ìý Ìý Ìýrequire collective actions among public and private organizations to develop viable solutions
Ìý Ìý Ìý Ìýthat can sustain well into the future.Ìý
Ìý Ìý Ìý ÌýThis exposure is formed by a multitude of factors that go beyond firm-specific responses and
Ìý Ìý Ìý Ìýrequire collective actions among public and private organizations to develop viable solutions
Ìý Ìý Ìý Ìýthat can sustain well into the future.Ìý
Ìý
Ìý Ìý Ìý ÌýIt requires a deeper understanding of the global risk landscape and more effective ways to
Ìý Ìý Ìý Ìýrespond among organizational actors together with public policy makers where
Ìý Ìý Ìý Ìýneither private nor public sector initiatives can solve the issues on their own.
Ìý Ìý Ìý Ìýrespond among organizational actors together with public policy makers where
Ìý Ìý Ìý Ìýneither private nor public sector initiatives can solve the issues on their own.
Ìý
Ìý Ìý Ìý ÌýA number of related research activities support the GSR effort (see below).
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Related research activities:
Ìý Ìý Ìý ÌýSTRATEGIC RISK LEADERSHIP – DEALING WIITH RISK, UNCERTAINTY, AND THE UNKNOWN
Ìý Ìý Ìý ÌýAn ongoing research effortÌý
Ìý Ìý Ìý ÌýThis project was initiated by an invited research stay with the Opus College of Business
Ìý Ìý Ìý Ìýat the University of St. Thomas in Minneapolis (USA) working to analyze
Ìý Ìý Ìý Ìýthe state of strategic risk management and governance practices.Ìý
Ìý Ìý Ìý ÌýIt is the aim of this work to identify properÌýrisk leadership traits and
Ìý Ìý Ìý Ìýregulatory (risk) governance.
Ìý Ìý Ìý ÌýThis project was initiated by an invited research stay with the Opus College of Business
Ìý Ìý Ìý Ìýat the University of St. Thomas in Minneapolis (USA) working to analyze
Ìý Ìý Ìý Ìýthe state of strategic risk management and governance practices.Ìý
Ìý Ìý Ìý ÌýIt is the aim of this work to identify properÌýrisk leadership traits and
Ìý Ìý Ìý Ìýregulatory (risk) governance.
Ìý Ìý Ìý ÌýThe project received initial funding from the Otto Mønsted Foundation.Ìý
Ìý Ìý Ìý Ìý
Ìý Ìý Ìý ÌýEMERALD BOOK SERIES:Ìý EMERALD STUDIES IN GLOBAL STRATEGIC RESPONSIVENESS
Ìý Ìý Ìý ÌýA series of thematic books
Ìý Ìý Ìý ÌýThe is a book series dedicated to build and extend
Ìý Ìý Ìý Ìýthe Global Strategic Responsiveness research theme.ÌýÌý
Ìý Ìý Ìý Ìýthe Global Strategic Responsiveness research theme.ÌýÌý
Ìý Ìý Ìý ÌýThe first issue entitled The Responsive Global Organization:
Ìý Ìý Ìý ÌýNew Insights from Global Strategy and International Business
Ìý Ìý Ìý Ìýwas published in the fall of 2017.Ìý
Ìý Ìý Ìý ÌýThe second issue with the title:
Ìý Ìý Ìý ÌýStrategic Responsiveness and Adaptive Organizations:
Ìý Ìý Ìý ÌýNew Research Frontiers in International Strategic Management
Ìý Ìý Ìý Ìýwas released in February 2019.Ìý
Ìý Ìý Ìý ÌýA third volume Adapting to Environmental Challenges:
Ìý Ìý Ìý ÌýNew Research in Strategy and International Business
Ìý Ìý Ìý Ìýwas issued in 2020.Ìý
Ìý Ìý Ìý ÌýSeveral future editions are planned for publication.
Ìý Ìý Ìý ÌýNew Insights from Global Strategy and International Business
Ìý Ìý Ìý Ìýwas published in the fall of 2017.Ìý
Ìý Ìý Ìý ÌýThe second issue with the title:
Ìý Ìý Ìý ÌýStrategic Responsiveness and Adaptive Organizations:
Ìý Ìý Ìý ÌýNew Research Frontiers in International Strategic Management
Ìý Ìý Ìý Ìýwas released in February 2019.Ìý
Ìý Ìý Ìý ÌýA third volume Adapting to Environmental Challenges:
Ìý Ìý Ìý ÌýNew Research in Strategy and International Business
Ìý Ìý Ìý Ìýwas issued in 2020.Ìý
Ìý Ìý Ìý ÌýSeveral future editions are planned for publication.
Ìý Ìý Ìý Ìý
Ìý Ìý Ìý ÌýRISKY BUSINESS: MANAGING IN A WORLD WITH EXTREME EXPOSURES (2019-2021)
Ìý Ìý Ìý ÌýA research project
Ìý Ìý Ìý ÌýThe project is investigating why only few organizations are able to adjust and thrive
Ìý Ìý Ìý Ìýagainst the adverse odds provided by the turbulent global business environment
Ìý Ìý Ìý Ìýwhereas most others seem to fail.Ìý The global market economy is exposed to many risks
Ìý Ìý Ìý Ìýincluding financial crisis, cyberattack, political instability, governance failure,Ìý
Ìý Ìý Ìý Ìýextreme weather conditions, etc.Ìý In this context, only a small fraction of firms outperform
Ìý Ìý Ìý Ìýand display favorable risk-return outcomes whereas a vast number of firms are contained
Ìý Ìý Ìý Ìýin an extreme left-skewed tail of poor returns. This highly systematic phenomenon is
Ìý Ìý Ìý Ìýoverlooked in mainstream management research. By studying this phenomenon,
Ìý Ìý Ìý Ìýwe will try to understand how organizations can adapt and persevere in an uncertain world,
Ìý Ìý Ìý Ìýwhich is a very timely management issue.ÌýThe project is funded by the Independent Research
Ìý Ìý Ìý ÌýFund Denmark (Danmarks Frie ForskningsrÃ¥d – DFF).
Ìý Ìý Ìý Ìýagainst the adverse odds provided by the turbulent global business environment
Ìý Ìý Ìý Ìýwhereas most others seem to fail.Ìý The global market economy is exposed to many risks
Ìý Ìý Ìý Ìýincluding financial crisis, cyberattack, political instability, governance failure,Ìý
Ìý Ìý Ìý Ìýextreme weather conditions, etc.Ìý In this context, only a small fraction of firms outperform
Ìý Ìý Ìý Ìýand display favorable risk-return outcomes whereas a vast number of firms are contained
Ìý Ìý Ìý Ìýin an extreme left-skewed tail of poor returns. This highly systematic phenomenon is
Ìý Ìý Ìý Ìýoverlooked in mainstream management research. By studying this phenomenon,
Ìý Ìý Ìý Ìýwe will try to understand how organizations can adapt and persevere in an uncertain world,
Ìý Ìý Ìý Ìýwhich is a very timely management issue.ÌýThe project is funded by the Independent Research
Ìý Ìý Ìý ÌýFund Denmark (Danmarks Frie ForskningsrÃ¥d – DFF).
Ìý
Research mission:
Ìý
Ìý Ìý Ìý ÌýThe Global Strategic Responsiveness (GSR) initiative aspires to be an internationally
Ìý Ìý Ìý Ìýrecognized catalyst for research on strategic adaptation and responsive multinational
Ìý Ìý Ìý Ìýenterprises and public-policy institutions that can generate sustainable prosperity in
Ìý Ìý Ìý Ìýhighly uncertain and unpredictable global contexts driven by inspiring collegial work on
Ìý Ìý Ìý Ìýcreative scholarship.ÌýThe GSR initiative heeds a philosophy of engaged scholarship to
Ìý Ìý Ìý Ìýadvance new knowledge that takes advantage of collaboration between researchers,
Ìý Ìý Ìý Ìýpracticing managers and policy-makers to generate results of practical value for business
Ìý Ìý Ìý Ìýand society.Ìý It is the aim to uncover different aspects of effective strategic responses to the
Ìý Ìý Ìý Ìýdemands imposed by a dynamic complex global business context.Ìý
Ìý Ìý Ìý Ìýrecognized catalyst for research on strategic adaptation and responsive multinational
Ìý Ìý Ìý Ìýenterprises and public-policy institutions that can generate sustainable prosperity in
Ìý Ìý Ìý Ìýhighly uncertain and unpredictable global contexts driven by inspiring collegial work on
Ìý Ìý Ìý Ìýcreative scholarship.ÌýThe GSR initiative heeds a philosophy of engaged scholarship to
Ìý Ìý Ìý Ìýadvance new knowledge that takes advantage of collaboration between researchers,
Ìý Ìý Ìý Ìýpracticing managers and policy-makers to generate results of practical value for business
Ìý Ìý Ìý Ìýand society.Ìý It is the aim to uncover different aspects of effective strategic responses to the
Ìý Ìý Ìý Ìýdemands imposed by a dynamic complex global business context.Ìý
Ìý
Ìý Ìý Ìý ÌýThe GSR initiative wants to advance research efforts that study responsive strategy-making
Ìý Ìý Ìý Ìýprocesses in multinational organizational contexts to address the key business and societal
Ìý Ìý Ìý Ìýchallenges of our time. It seeks to uncover responsive organizational structures and processes
Ìý Ìý Ìý Ìýthat are conducive to adaptation and renewal in the face of unprecedented global challenges.
Ìý Ìý Ìý ÌýThis may uncover and explore the contours of global innovation platforms, dynamic adaptive systems,
Ìý Ìý Ìý Ìýstrategic response capabilities, interactive decision structures, multi-agent technologies,
Ìý Ìý Ìý Ìýopen information processing systems, autonomous creative behaviors, values driven cultures,
Ìý Ìý Ìý Ìýethical leadership concerns, and more.Ìý
Ìý Ìý Ìý Ìýprocesses in multinational organizational contexts to address the key business and societal
Ìý Ìý Ìý Ìýchallenges of our time. It seeks to uncover responsive organizational structures and processes
Ìý Ìý Ìý Ìýthat are conducive to adaptation and renewal in the face of unprecedented global challenges.
Ìý Ìý Ìý ÌýThis may uncover and explore the contours of global innovation platforms, dynamic adaptive systems,
Ìý Ìý Ìý Ìýstrategic response capabilities, interactive decision structures, multi-agent technologies,
Ìý Ìý Ìý Ìýopen information processing systems, autonomous creative behaviors, values driven cultures,
Ìý Ìý Ìý Ìýethical leadership concerns, and more.Ìý
Ìý
Associated researchers and partners:
Ìý Ìý Ìý Ìý(In alphabetical order)
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Ìý Ìý Ìý ÌýDenmark:
Ìý Ìý Ìý Ìý.
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Ìý Ìý Ìý ÌýInternational:
Ìý Ìý Ìý Ìý.
Key research areas:
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Ìý Ìý Ìý Ìý• Strategic risk governance
Ìý Ìý Ìý Ìý ÌýStrategic risk management deals with organizational capabilities to identify changes
Ìý Ìý Ìý Ìý Ìýin the competitive context, monitor strategic exposures, and develop effective responses
Ìý Ìý Ìý Ìý Ìýthat enable business renewal and adaptive moves over time to create a better fit with the
Ìý Ìý Ìý Ìý Ìýchanging business context. It investigates links to formal enterprise risk management approaches
Ìý Ìý Ìý Ìý Ìýand emerging risk governance regulation as (potentially) needed, but insufficient means to
Ìý Ìý Ìý Ìý Ìýdevelop strategic response capabilities that deal effectively with risk, uncertainty, unpredictable conditions,
Ìý Ìý Ìý Ìý Ìýand businesses that evolve towards the unknown. It further explores the strategic risk leadership
Ìý Ìý Ìý Ìý Ìýcharacteristics necessary to form effective risk governance systems.
Ìý Ìý Ìý Ìý Ìýin the competitive context, monitor strategic exposures, and develop effective responses
Ìý Ìý Ìý Ìý Ìýthat enable business renewal and adaptive moves over time to create a better fit with the
Ìý Ìý Ìý Ìý Ìýchanging business context. It investigates links to formal enterprise risk management approaches
Ìý Ìý Ìý Ìý Ìýand emerging risk governance regulation as (potentially) needed, but insufficient means to
Ìý Ìý Ìý Ìý Ìýdevelop strategic response capabilities that deal effectively with risk, uncertainty, unpredictable conditions,
Ìý Ìý Ìý Ìý Ìýand businesses that evolve towards the unknown. It further explores the strategic risk leadership
Ìý Ìý Ìý Ìý Ìýcharacteristics necessary to form effective risk governance systems.
ÌýÌý
Ìý Ìý Ìý Ìý• Multinational corporate responses
Ìý Ìý Ìý Ìý ÌýContemporary organizations typically operate across different (inter-)national markets and diverse
Ìý Ìý Ìý Ìý Ìýbusiness activities at the same time and thereby constitute multinational corporations that must deal
Ìý Ìý Ìý Ìý Ìýwith the dynamic complex developments in the global market economy.
Ìý Ìý Ìý Ìý ÌýThis context provides new opportunities for innovative business development but at the same time
Ìý Ìý Ìý Ìý Ìýcreates challenges in dealing with new risks, uncertainties and unknown conditions.Ìý
Ìý Ìý Ìý Ìý ÌýThis requires flexible multinational structures with strategic responses that foster effective integration
Ìý Ìý Ìý Ìý Ìýof corporate thinking at headquarters and an ability to take local adaptive initiatives that create updated
Ìý Ìý Ìý Ìý Ìýexperiential insights through learning-by-doing.Ìý
Ìý Ìý Ìý Ìý Ìýbusiness activities at the same time and thereby constitute multinational corporations that must deal
Ìý Ìý Ìý Ìý Ìýwith the dynamic complex developments in the global market economy.
Ìý Ìý Ìý Ìý ÌýThis context provides new opportunities for innovative business development but at the same time
Ìý Ìý Ìý Ìý Ìýcreates challenges in dealing with new risks, uncertainties and unknown conditions.Ìý
Ìý Ìý Ìý Ìý ÌýThis requires flexible multinational structures with strategic responses that foster effective integration
Ìý Ìý Ìý Ìý Ìýof corporate thinking at headquarters and an ability to take local adaptive initiatives that create updated
Ìý Ìý Ìý Ìý Ìýexperiential insights through learning-by-doing.Ìý
Ìý
Ìý Ìý Ìý Ìý• Effective response capabilities
Ìý Ìý Ìý Ìý ÌýThe ability to respond effectively to dynamic complex conditions in the global business environment depends
Ìý Ìý Ìý Ìý Ìýon an ability to generate new cross-disciplinary insights among international participants.
Ìý Ìý Ìý Ìý ÌýIt may evolve from open innovation networks/platforms through interactive fast-slow processes combining
Ìý Ìý Ìý Ìý Ìýautonomous exploration with integrative considerations around forward looking analytics with information
Ìý Ìý Ìý Ìý Ìýexchanged openly between agents. New developments in other scientific fields including, e.g., cybernetics,
Ìý Ìý Ìý Ìý Ìýintelligent multi-agent technologies, complex adaptive systems, and holonic approaches can provide essential
Ìý Ìý Ìý Ìý Ìýsupport to develop more effective future response systems as a promising research field.
Ìý Ìý Ìý Ìý Ìýon an ability to generate new cross-disciplinary insights among international participants.
Ìý Ìý Ìý Ìý ÌýIt may evolve from open innovation networks/platforms through interactive fast-slow processes combining
Ìý Ìý Ìý Ìý Ìýautonomous exploration with integrative considerations around forward looking analytics with information
Ìý Ìý Ìý Ìý Ìýexchanged openly between agents. New developments in other scientific fields including, e.g., cybernetics,
Ìý Ìý Ìý Ìý Ìýintelligent multi-agent technologies, complex adaptive systems, and holonic approaches can provide essential
Ìý Ìý Ìý Ìý Ìýsupport to develop more effective future response systems as a promising research field.
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Sidst opdateret: Department of International Economics, Government and Business // 14/01/2025