The role of responsible leadership in creating a risk culture that promotes sustainable innovation in business

Evangelia Fragouli; Victoria Chukwudum

doi:10.30560/rfm.v1n1p76

The role of responsible leadership in creating a risk culture that promotes sustainable innovation in business

Evangelia Fragouli^*
, Victoria Chukwudum

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

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Abstract

The purpose of this study is to show that responsible leaders are those who are risk takers and develop a risk culture that encourages sustainable innovation. Through a review of literature, it was revealed that research on sustainable development seems to have underestimated the role of responsible leadership in embedding a risk culture that underpins sustainable innovation. Therefore, this study through a critical approach, discusses the strategic imperative of a risk culture that encourages sustainable innovation in organisations and how a responsible leader can instil such culture. The study further proposes four (4) set of actions through which responsible leaders can establish and maintain a risk culture that promotes sustainable innovation; this is relevant to both decision makers and practitioners.

Original language	English
Pages (from-to)	76-82
Number of pages	7
Journal	Risk and Financial Management
Volume	1
Issue number	1
Early online date	30 Dec 2019
DOIs	https://doi.org/10.30560/rfm.v1n1p76
Publication status	Published - 30 Dec 2019
Externally published	Yes

Keywords

Business sustainability
Risk culture
Responsible leadership
Sustainable innovation

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abstract = "The purpose of this study is to show that responsible leaders are those who are risk takers and develop a risk culture that encourages sustainable innovation. Through a review of literature, it was revealed that research on sustainable development seems to have underestimated the role of responsible leadership in embedding a risk culture that underpins sustainable innovation. Therefore, this study through a critical approach, discusses the strategic imperative of a risk culture that encourages sustainable innovation in organisations and how a responsible leader can instil such culture. The study further proposes four (4) set of actions through which responsible leaders can establish and maintain a risk culture that promotes sustainable innovation; this is relevant to both decision makers and practitioners.",

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The role of responsible leadership in creating a risk culture that promotes sustainable innovation in business

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Keywords

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