Strategic Management Risks Model in the Iranian Insurance Industry

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Abstract

     Strategic management is one of the ways through which Iranian insurance companies may attain their deserving position globally. Research results indicate that many strategic processes in organizations lead to failure. Strategies that fail, in addition to imposing additional costs on the organization, will cause loss of future opportunities and benefits as well as damage to profitability and competitive advantage. Strategic management risks (or strategic risks) are used to address the factors that defeat strategies. The purpose of this study is to identify these risks for the Iranian insurance industry, so that risk managers become familiar with the obstacles ahead of them before the start of strategic processes.And to enable them to cope with such obstacles and increase the likelihood of success of the strategies. According to the study conducted, no related research has been carried out in this country so far. To identify the strategic management risks in the Iranian insurance industry, the data base method has been used and the data required for the research has been collected through in-depth interviews with a number of prominent experts in the insurance industry. These people are selected by judgment and snowball. The interviews were analyzed using codec method using the Atlas software. As a result, 97 concepts were identified first and, after classification, the strategic management risks of the Iranian insurance industry in the form of human resource risks, business risks (environment), operational risks and event risks Were identified.

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Commercial Strategies
Volume 15, Issue 12
March 2019
Pages 125-142

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