The integration between Enterprise Risk Management (ERM) and Performance Management System (PMS) has become a crucial process for managing environmental complexity in companies. In this context, in order to contribute to the research field, this paper follows two purposes: (1) to identify the most relevant risk dimensions, and connected risk drivers, perceived in managerial practices; and (2) to provide a suitable way to integrate ERM and PMS in supporting the strategic decision-making process. Based on semi-structured interviews with a total of 75 senior and middle managers from 25 different Italian companies, the authors developed a conceptual model to support the corporate transition to integrate ERM and PMS processes, built on a specific set of Key Risk Indicators (KRIs) that can enable them to achieve economically and environmentally sound performance.

Hristov, I., Camilli, R., Chirico, A., Mechelli, A. (2022). The integration between enterprise risk management and performance management system: managerial analysis and conceptual model to support strategic decision-making process. PRODUCTION PLANNING & CONTROL, 14 [10.1080/09537287.2022.2140086].

The integration between enterprise risk management and performance management system: managerial analysis and conceptual model to support strategic decision-making process

Hristov, Ivo
;
Camilli, Riccardo;Mechelli, Alessandro
2022-01-01

Abstract

The integration between Enterprise Risk Management (ERM) and Performance Management System (PMS) has become a crucial process for managing environmental complexity in companies. In this context, in order to contribute to the research field, this paper follows two purposes: (1) to identify the most relevant risk dimensions, and connected risk drivers, perceived in managerial practices; and (2) to provide a suitable way to integrate ERM and PMS in supporting the strategic decision-making process. Based on semi-structured interviews with a total of 75 senior and middle managers from 25 different Italian companies, the authors developed a conceptual model to support the corporate transition to integrate ERM and PMS processes, built on a specific set of Key Risk Indicators (KRIs) that can enable them to achieve economically and environmentally sound performance.
2022
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/07
English
ERM
KRIs
performance management
performance measurement
business strategy
Hristov, I., Camilli, R., Chirico, A., Mechelli, A. (2022). The integration between enterprise risk management and performance management system: managerial analysis and conceptual model to support strategic decision-making process. PRODUCTION PLANNING & CONTROL, 14 [10.1080/09537287.2022.2140086].
Hristov, I; Camilli, R; Chirico, A; Mechelli, A
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/353805
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