Organisation Change and Risk Management

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Risk".

Deadline for manuscript submissions: closed (31 August 2021) | Viewed by 5513

Special Issue Editors


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Guest Editor
Australian National Institute of Management and Commerce, Sydney, Australia
Interests: change management; business ethics; ethical leadership; organisation culture; qualitative research methods

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Guest Editor
Study Group Australia, Sydney, Australia
Interests: organisational change; organisational culture; sustainable management and leadership
Advisor to Organisations and Government, Sydney, NSW 2000, Australia
Interests: complexity and change; eupsychian leadership; organisational neuroscience; mindfulness; sustainability in business; work and wellness

Special Issue Information

Dear Colleagues,

Organisational change management, its leadership and risk management issues have always been important. However, now more than ever before, these topics have even more currency, significantly affecting all organisations, businesses and societies in terms of survival, resilience, culture, strategy, and management practices, in a volatile, uncertain, complex, ambiguous, and diverse (VUCAD) world, still in the midst of the global COVID-19 pandemic.

Models of planned organisational change at micro and macro levels in confronting a wide range of debilitating natural disasters have been found to be wanting given the short time frames and complexities involved.  Consequently, we have witnessed an array of factors forcing national and global leaders to rethink and catalyse organisational change utilising rapid technology transitions, diverse human resources, and industrial relations approaches to political pressures and the failure of political leadership.  

What have we learnt at micro and macro levels, professional and personal, from these most significant, disruptive and unprecedented recent changes we have witnessed?  And how are such lessons being wrought in both theory and practice to ensure we are better prepared, well lead, and managed for the ‘new normal’ in which we find ourselves?  How can we be proactive rather than reactive?  How can we be prepared to face the challenges with innovative solutions and ground-breaking initiatives? 

We have witnessed many approaches to both change and risk management, and they have crossed countries of origin and epistemological and methodological diversity. Thus, many interpretations remain possible and the topic seems even more prescient as we move from the annus horribilis of 2020 into what many consider may be an even more challenging 2021.  

For at least over the last three decades, a myriad of academics, leaders, managers and consultants have tackled the challenges of change management.  This Special Issue gives contributors an opportunity to have their say in this dynamic and crucial arena. Though not limited to the issues cited below, these may suggest a flavour of interest to contributors:

  • What is the role of risk in change management?
  • Are current change management risks and controls effective?
  • What is the nexus between risk management and change management?
  • What are the key risks in current change methodology?
  • How do we identify and prioritise change risk factors such as leadership, culture, and communication?
  • What are the change aspects currently in risk control models?
  • What risk variables affect the readiness for organisation change?
  • How can we best manage risk for successful change management?
  • The role of organisational decision making is vitally affected by change risk assessment
  • What are the best ways of assessing business change risks and empowering leaders and key stakeholders to make appropriate decisions concerning organisational change projects?
  • What are the risks inherent in diverse change models, including their philosophical base, and change focus?
  • What can risk assessment methods and models contribute to more effective change management models and processes?
  • Do effective change management approaches become cost- and risk-mitigation tactics?
  • What are the true costs and risks of ineffective change management at diverse organisational and societal levels?
  • What is the role of risk communication in change management?
  • What part does reputation management play in change management risk?
  • How effective is a risk-based approach to change management in organisations or society?
  • What are the unintended consequences of major organisation or societal changes?
  • What are the best change management risk response strategies?
  • Can the academic–practitioner divide be minimised in the development of innovative solutions?
  • What are the key missing elements in change management and risk management?
  • What are new and innovative models of leadership and risk management?
  • Many live quiet lives of desperation in toxic organisational cultures. What innovative frameworks can change management contribute to such cultures?
  • Just like countries, organisations have influential political leaders that shape internal cultures. Can change management propose innovate solutions for such organisations given the long-term risks of such leaders?
  • In a VUCAD world, how can we find and develop VUCA leaders with Vison, Understanding, Courage and Adaptability?
  • As we enter the decade of machine learning, bio-identity control, smart robots, conscious computers, cyber insurance, and artificial intelligence will become a normal part of life. What is the new risk profile or individuals and organisations? 
  • We are all familiar with one or more of these companies (collectively known as GAFAM – Google, Amazon, Facebook, Apple and Microsoft). What are the solutions from a risk perspective as we interact more deeply with these companies?  

Assoc. Prof. David Rosenbaum
Prof. Dr. Elizabeth More
Dr. David Paul
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

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Keywords

  • Change Management 
  • Risk management 
  • VUCAD 
  • Risk responses 
  • Key change variables 
  • Organisational culture 
  • Organisational Politics 
  • Change leadership

Published Papers (2 papers)

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Research

18 pages, 569 KiB  
Article
Risk and Opportunity—The Leadership Challenge in a World of Uncertainty—Learnings from Research into the Implementation of the Australian National Disability Insurance Scheme
by David Rosenbaum and Elizabeth More
J. Risk Financial Manag. 2021, 14(8), 383; https://doi.org/10.3390/jrfm14080383 - 17 Aug 2021
Cited by 3 | Viewed by 2638
Abstract
This paper considers the risks and opportunities inherent in a major national change process through a descriptive approach to the implementation challenges for Australian non-profit disability service providers as they grapple with the implementation of the transformational National Disability Insurance Scheme (NDIS). It [...] Read more.
This paper considers the risks and opportunities inherent in a major national change process through a descriptive approach to the implementation challenges for Australian non-profit disability service providers as they grapple with the implementation of the transformational National Disability Insurance Scheme (NDIS). It highlights the leadership challenges associated with the newly developed NDIS Implementation Framework and, in doing so, recognises the risk and opportunity issues contained with that implementation process. The research used grounded theory coupled with framework analysis in a qualitative study that, in part, sought to identify leadership characteristics deemed necessary to minimize risks, capitalize on opportunities, and support positive change outcomes leading to successful NDIS implementations amongst several participating organisations, each with differing demographics and at different stages in the implementation process. The findings, which have been grouped into phases, suggest a range of leadership attributes at key phases of the NDIS implementation that are necessary to minimise implementation risks and maximise opportunities associated with the NDIS. These phases have been identified as: (i) An input phase where the emphasis must be on internal change preparedness and external environmental impacts and drivers; (ii) A process phase where the emphasis is on direct implementation issues; and (iii) An outcomes phase where active consideration needs to be on organisational mission sustainability, as well as the risk and opportunity challenge. The study is crucial in revealing leadership challenges and lessons for large scale change and risk management in the non-profit sector, within and beyond the specific case of Australia’s NDIS implementation, useful for both scholars and practitioners. Full article
(This article belongs to the Special Issue Organisation Change and Risk Management)
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24 pages, 1429 KiB  
Article
Risk Implications for the Role of Budgets in Implementing Post-Acquisition Systems Integration Strategies
by Nazila Razi, Elizabeth More and Gensheng Shen
J. Risk Financial Manag. 2021, 14(7), 323; https://doi.org/10.3390/jrfm14070323 - 13 Jul 2021
Cited by 3 | Viewed by 1945
Abstract
This paper studies the role of budgets in implementing the systems integration strategies in an Australian post-acquisition case of two organisations and reducing its associated often-regarded high risks. It attempts a fresh narrative approach to examine the evolution of accounting and its effects [...] Read more.
This paper studies the role of budgets in implementing the systems integration strategies in an Australian post-acquisition case of two organisations and reducing its associated often-regarded high risks. It attempts a fresh narrative approach to examine the evolution of accounting and its effects on the challenges of post-acquisition integration processes by using the performative approach such as the sociotechnical networks of Actor Network Theory in a broader analytical framework as a possible solution to reducing the risks inherent in systems integration. The methodology of the case study is based on Callon’s model of Four-Moment translation where integration strategy and budgets are regarded as social practice and defined relationally as bundles of activities and take form in and through practice and interaction between diverse actors and actants. A qualitative approach is adopted in the examination of the systems integration networks in an Australian post-acquisition case. Data was collected and analysed using semi-structured interviews. It was found, through the examination of the routine practices of systems integration strategy making and how people enact and draw on a certain financial report on a daily basis to perform systems integration network strategies, that material forms of accounting act as a powerful structuring and inscription tool in integration activities, thus shaping integration strategic options and post-acquisition economic conditions of the organisation. The result shows how the risk could be reduced in the post-acquisition system integration. The research contributes to the risk, change, and accounting literatures by providing insights into the mundane and ordinary practices of different aspects of integration strategy making, and the way employees enact and draw on accounting numbers on a day-to-day basis to perform systems integration network strategies. This case study facilities this research to be further developed and broadened in terms of other cases, industries, and countries. Full article
(This article belongs to the Special Issue Organisation Change and Risk Management)
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