The Role of Risk Management as an Organizational Management Strategy: A Literature Study
DOI:
https://doi.org/10.61536/ambidextrous.v3i01.376Keywords:
Risk Management, Organizational Performance, Risk ControlAbstract
This study explores the strategic role of risk management in enhancing organizational performance amid increasing uncertainty. The research aims to analyze how risk management contributes to performance improvement through systematic implementation across various organizational contexts. Using a qualitative method with a literature review design, data were obtained from national and international journals, reference books, and risk management frameworks such as ISO 31000 and COSO ERM published in the past ten years. Thematic analysis was employed to identify patterns, practices, and key factors influencing successful implementation. The findings show that organizations applying structured risk management—from identification, analysis, evaluation, control, to monitoring—achieve higher stability, improved decision-making, and stronger stakeholder trust. The study concludes that risk management is not only a defensive measure but also a strategic tool that supports sustainability and competitive advantage.
Downloads
References
Agus, M., & Hayat, A. (2021). Antecedents of Risk Management Implementation and Its Impact on Firm Value. JWM (Journal of Management Insights), 9(3), 216–229.
Bockius, H., & Gatzert, N. (2024). Organizational Risk Culture: A Literature Review On Dimensions, Assessment, Value Relevance, And Improvement Levers. European Management Journal, 42(4), 539–564.
Desai, K. (2025). Impact of Organizational Culture on Risk Management Effectiveness in Multinational Corporations in India. International Journal of Modern Risk Management, 3(5), 51–62. www.iprjb.org
Dewi, RI, & Ilham, I. (2023). Risk Management Analysis in MSMEs Using ISO 31000. JBMI (Journal of Business, Management, and Informatics), 20(2), 124–135.
Farhan, MH, & Raheem, MY (2024). Knowledge Sharing And Its Impact On Organizational Performance: An Analytical Study In The Directorate Of Education, AL-Karkh First, Baghdad. Journal Of Economics And Administrative Sciences, 30(144), 99–110.
Indrayati Dewi, R. (2023a). ANALISIS MANAJEMEN RISIKO PADA UMKM MENGGUNAKAN ISO 31000. 20(2), 124. https://doi.org/10.26487/jbmi.v20i2.32130
Lestari, R. (2013). The Influence of Risk Management on Organizational Performance (A Study of Employer Pension Funds in the West Java-Banten Region). Journal of Accounting and Business Research, 13(2).
Nevin SERT, A., Evita, A., Abdelfatah, A., Uni of Ras Al Khaimah, A., BAJABA Saleh, U., Mohamed Ali, B., Anita, B., Davide, C., Douglas, C., Riccardo, C., Nguyen Thanh, C., & GESSO Carla, D. (2024). Editor-in-Chief / Publisher Board of Referees (Vol. 6, Number 3).
Novriadi, EB, & Setiawati, M. (2025). Literature Review-Based Analysis of the Contribution of Risk Management to Organizational Performance. Journal of Management Science and Education, 2(3), 772–776.
Rasid, SZA, Golshan, N., Mokhber, M., Tan, G.G., & Mohd-Zamil, N.A. (2017). Enterprise Risk Management, Performance Measurement Systems And Organizational Performance In Malaysian Public Listed Firms. International Journal Of Business And Society, 18(2).
Sibagariang, OGB, & Silalahi, D. (2025, October). The Impact of Risk Management on Company Performance. National Seminar on Management and Accounting, 284–294.
Utami, D., Sulastri, S., Adam, M., & Yuliani, Y. (2021). Enterprise Risk Management On Firm Value: Empirical Study On Manufacturing Sector Companies Listed On The Indonesia Stock Exchange. International Journal Of Economics, Business And Accounting Research (IJEBAR), 5(3), 2704–2710.
Widyastuti, A., & Zakiyah, NAN (2021). The Trust Behind Risk Management Implementation. Indonesian Accounting and Business Review, 5(2), 151–163.
Zaleha, S., Rasid, A., Golshan, N., Mokhber, M., & Tan, G.-G. (2017). ENTERPRISE RISK MANAGEMENT, PERFORMANCE MEASUREMENT SYSTEMS AND ORGANIZATIONAL PERFORMANCE IN MALAYSIAN PUBLIC LISTED FIRMS Nor Aiza Mohd-Zamil. In International Journal of Business and Society (Vol. 18, Number 2).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Ameilia Nurfadhilah, Fitria Aulia Cahyaningrum, Ahmad Dairobi, Janu Ilham Saputro
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
