Performance & Risk Management platform

[Areas of focus] [Research] [Vlerick Performance & Risk Experts]

The business environment has changed significantly over the past few years. Intensified competition and increased pressures from various stakeholder groups have reinforced the importance of operating high-performing businesses whose actions are aligned with the company’s strategic goals. At the same time, the business environment has become more complex and volatile, with companies facing increased uncertainty. Integrated performance and risk management systems play a key role in ensuring that the organization stays on the desired performance path in today’s ever riskier world.

Performance and risk management should be seen as two sides to the same coin. In essence, performance management is about creating value by identifying and measuring the critical drivers of performance and engaging the organization to optimize performance along those strategic drivers. Risk management is about protecting value by avoiding or mitigating the negative consequences of unexpected events, as well as about enabling the company to seize opportunities that may create increased value. Thus, performance management and risk management mutually support and reinforce each other by striving to enhance performance and by increasing the likelihood that the company’s strategic objectives are achieved.

Today, many important issues in the interface between performance and risk management still remain unexplored. The goal of the Performance and Risk Management platform is to contribute to the current debate on performance and risk and help shape new thinking by conducting and disseminating academically rigorous research with practical relevance.