IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i6p5302-d1099433.html
   My bibliography  Save this article

Understanding Risk Culture in the Context of a Sustainable Project: A Preliminary Study

Author

Listed:
  • Joanna Moczydłowska

    (Department of Management, Economics and Finance, Faculty of Engineering Management, Bialystok University of Technology, 15-351 Bialystok, Poland)

  • Joanna Sadkowska

    (Faculty of Management, Department of Strategic Development, University of Gdansk, 80-309 Gdansk, Poland)

  • Beata Żelazko

    (Department of Market, Marketing and Quality, Collegium of Management and Finance, SGH Warsaw School of Economics, 02-554 Warsaw, Poland)

  • Carmen Nadia Ciocoiu

    (Faculty of Management, Bucharest University of Economic Studies, 010374 București, Romania)

  • Ewa Stawicka

    (Management Institute, Warsaw University of Life Sciences, 02-787 Warsaw, Poland)

Abstract

Currently, due to the growing dynamics of changes that take place in the environment of organizations, managers have to intensify their efforts to implement ‘solutions’ which will not only increase the efficiency of particular business activities, but will also strengthen the potential of the organization in the area of its sustainable development. One of the elements from a ‘wide set of potential solutions’ is risk culture. In spite of a number of studies dedicated to explaining its essence, dimensions and influence, the phenomenon of risk culture has not yet been fully explored. While the previous research and analyses have tended to focus on defining its role and learning about its effects, especially in the financial sector, this study was directed at explaining risk culture in the specific organizational context of implementing sustainable projects in business. This paper analyzes the manifestations of risk culture in sustainable projects, along with its dimensions and key determinants. The authors used the single case study method. In order to expose the Central European context, an innovative Polish enterprise with sustainable project management practices, implementing projects with a high degree of risk, was selected. The results of the study indicate that the main source of risk in the studied projects was the customer. Risk culture in this business entity is characterized by perceiving the variability of customer expectations as an important project risk factor. At the same time, sustainable project management ‘was accompanied’ by a more mature risk culture. The study confirmed that the beneficial impact of the risk culture on the project itself and the enterprise takes place under conditions of the convergence of the risk culture with the organizational culture. Conflicts between project participants, as well as conflicts between the project implementation team and the internal environment of the enterprise, increase the probability that risk culture poses a threat not only to particular projects, but also to the company.

Suggested Citation

  • Joanna Moczydłowska & Joanna Sadkowska & Beata Żelazko & Carmen Nadia Ciocoiu & Ewa Stawicka, 2023. "Understanding Risk Culture in the Context of a Sustainable Project: A Preliminary Study," Sustainability, MDPI, vol. 15(6), pages 1-16, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:6:p:5302-:d:1099433
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/6/5302/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/6/5302/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jingjing Zeng & Meiquan Jiang & Meng Yuan, 2020. "Environmental Risk Perception, Risk Culture, and Pro-Environmental Behavior," IJERPH, MDPI, vol. 17(5), pages 1-18, March.
    2. Xiaoteng Ma & Ziyu Tang & Dan Wang & Hao Gao, 2020. "The Influence of Risk Culture on the Performance of International Joint-Venture Securities," Sustainability, MDPI, vol. 12(7), pages 1-21, March.
    3. Thordur Vikingur Fridgeirsson & Helgi Thor Ingason & Haukur Ingi Jonasson & Bara Hlin Kristjansdottir, 2021. "The VUCAlity of Projects: A New Approach to Assess a Project Risk in a Complex World," Sustainability, MDPI, vol. 13(7), pages 1-13, March.
    4. Hanisch, Bastian & Wald, Andreas, 2014. "Effects of complexity on the success of temporary organizations: Relationship quality and transparency as substitutes for formal coordination mechanisms," Scandinavian Journal of Management, Elsevier, vol. 30(2), pages 197-213.
    5. Jürgen Bott & Udo Milkau, 2018. "Risk Culture and the Role Model of the Honorable Merchant," JRFM, MDPI, vol. 11(3), pages 1-11, July.
    6. Stefano Armenia & Rosa Maria Dangelico & Fabio Nonino & Alessandro Pompei, 2019. "Sustainable Project Management: A Conceptualization-Oriented Review and a Framework Proposal for Future Studies," Sustainability, MDPI, vol. 11(9), pages 1-16, May.
    7. Stewart Clegg & David Courpasson, 2004. "Political Hybrids: Tocquevillean Views on Project Organizations," Journal of Management Studies, Wiley Blackwell, vol. 41(4), pages 525-547, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. John D. Ditekemena & Christophe Luhata & Hypolite M. Mavoko & Joseph Nelson Siewe Fodjo & Dalau M. Nkamba & Wim Van Damme & Shahul H. Ebrahim & Christiana Noestlinger & Robert Colebunders, 2021. "Intimate Partners Violence against Women during a COVID-19 Lockdown Period: Results of an Online Survey in 7 Provinces of the Democratic Republic of Congo," IJERPH, MDPI, vol. 18(10), pages 1-10, May.
    2. Alessandro Margherita & Emanuele Banchi & Alfredo Biffi & Gianluca di Castri & Rocco Morelli, 2022. "Beyond Total Cost Management (TCM) to Systemic Value Management (SVM): Transformational Trends and a Research Manifesto for an Evolving Discipline," Sustainability, MDPI, vol. 14(19), pages 1-16, October.
    3. Céline Michaïlesco, 2007. "Contrôle de gestion de projet au 19ème siècle," Post-Print halshs-00338976, HAL.
    4. María Pilar de la Cruz López & Juan José Cartelle Barros & Alfredo del Caño Gochi & Manuel Lara Coira, 2021. "New Approach for Managing Sustainability in Projects," Sustainability, MDPI, vol. 13(13), pages 1-27, June.
    5. Mohammad Hamsal & Diena Dwidienawati & Mohammad Ichsan & Ahmad Syamil & Bambang Trigunarsyah, 2022. "Multi-Perspective Approach to Building Team Resilience in Project Management—A Case Study in Indonesia," Sustainability, MDPI, vol. 14(20), pages 1-22, October.
    6. Han Zhang & Shiying Shi & Fangfang Zhao & Xiaosu Ye & Hanyue Qi, 2023. "A Study on the Impact of Team Interdependence on Cooperative Performance in Public–Private Partnership Projects: The Moderating Effect of Government Equity Participation," Sustainability, MDPI, vol. 15(17), pages 1-22, August.
    7. Amjad Hussain & Mohsin Jamil & Muhammad Umar Farooq & Muhammad Asim & Muhammad Zeeshan Rafique & Catalin I. Pruncu, 2021. "Project Managers’ Personality and Project Success: Moderating Role of External Environmental Factors," Sustainability, MDPI, vol. 13(16), pages 1-22, August.
    8. Pichault, Francois & Fatien Diochon, Pauline & Nizet, Jean, 2020. "Autonomy of independent professionals: A political process perspective," European Management Journal, Elsevier, vol. 38(4), pages 623-633.
    9. Spanuth, Thomas & Wald, Andreas, 2017. "Understanding the antecedents of organizational commitment in the context of temporary organizations: An empirical study," Scandinavian Journal of Management, Elsevier, vol. 33(3), pages 129-138.
    10. Meng Lv & Shaohong Feng, 2021. "Temporary teams: current research focus and future directions," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(1), pages 1-18, February.
    11. Goerz, Katharina, 2021. "The empowered project manager: Employee perception of empowerment," Journal of Applied Leadership and Management, Hochschule Kempten - University of Applied Sciences, Professional School of Business & Technology, vol. 9, pages 41-60.
    12. Mohamed Santigie Kanu, 2021. "A Theoretical Framework for Enterprise Risk Management and Organizational Performance," International Business Research, Canadian Center of Science and Education, vol. 14(5), pages 1-63, May.
    13. Hui Lei & Xiang Fang & T. M. Rajkumar & Clyde Holsapple, 2022. "Recovering Troubled IT Projects: The Roles of Transformational Leadership and Project Complexity," Information Systems Frontiers, Springer, vol. 24(1), pages 233-245, February.
    14. Bogdan Włodarczyk & Waldemar Cudny, 2022. "Individual Low-Cost Travel as a Route to Tourism Sustainability," Sustainability, MDPI, vol. 14(17), pages 1-21, August.
    15. Qinyuan Wan & Wencui Du, 2022. "Social Capital, Environmental Knowledge, and Pro-Environmental Behavior," IJERPH, MDPI, vol. 19(3), pages 1-17, January.
    16. Barbara Buljat, 2022. "Immersive Technologies Affecting Psychological Factors that Lead to Voluntary Pro-Environmental Behavior: A Transdisciplinary Survey," GREDEG Working Papers 2022-15, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    17. Javier Muñoz de Prat & María Escriva-Beltran & Roberto Gómez-Calvet, 2020. "Joint Ventures and Sustainable Development. A Bibliometric Analysis," Sustainability, MDPI, vol. 12(23), pages 1-24, December.
    18. Mateusz Trzeciak, 2021. "Sustainable Risk Management in IT Enterprises," Risks, MDPI, vol. 9(7), pages 1-20, July.
    19. Bernhard Streicher & Moritz Bielefeld & Eric Eller, 2023. "The Risk Culture Framework: Introducing an Integrative Framework for Holistic Risk Analysis," SAGE Open, , vol. 13(3), pages 21582440231, August.
    20. Walid Mahmoud Khalilia & Abdallatif Abuowda & Stylianos Mystakidis & Maria Fragkaki, 2023. "A Mediation Model of the Usability and Intergroup Relation for Online Project Management Community Effectiveness with Microsoft Teams," Societies, MDPI, vol. 13(12), pages 1-15, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:6:p:5302-:d:1099433. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.