Validation of the Sitkin‐Weingart Business Risk Propensity Scale

Abstract

Risk is an inherent component of business transactions. Today's flattened business organisations are forcing strategic, risk‐related decisions farther down the organisational hierarchy (Richards et.al., 1996). Therefore, every business decision maker has to become proficient at factoring risk into the decision‐making process. How the risk level of the transaction affects the decision maker and the eventual decision is a function of that person's risk propensity. For senior managers in those flattened organisations facing the necessity of having less‐senior individuals making strategic decisions, the attitudes of those individuals toward risk is extremely important.

Citation

Huff, R.A., Keil, M., Kappelman, L. and Prybutok, V. (1997), "Validation of the Sitkin‐Weingart Business Risk Propensity Scale", Management Research News, Vol. 20 No. 12, pp. 39-48. https://doi.org/10.1108/eb028584