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Performance and risk management
Authors:Mike Bourne  Matteo Mura
Institution:1. School of Management, Cranfield University, Cranfield, Beds, UK;2. m.bourne@cranfield.ac.uk;4. Department of Management, University of Bologna, Bologna, Italy
Abstract:Abstract

Performance and risk management are seen by some as two ends of the same spectrum. Performance measurement and management is about steering an enterprise towards a profitable and viable future, whilst risk management is about avoiding the pitfalls that can overwhelm and ultimately put an enterprise out of business. But should the functions and processes of performance measurement and management be integrated with those of risk management? What are the consequences of this integration? How should this be done in practice? In this editorial we briefly chart the debate between those who propose it is important to keep the functions separate and those who advocate integration before presenting the empirical research that informs this conversation.
Keywords:Performance measurement  performance management  risk management
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