Organizational Learning and Risk Management Maturity: Systematic and Meta-Analyses Approach

Abstract

This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of investigating the role of developers in the economic development of the country. The relevance of this scientific problem decision is that the risk management maturity on the part of developers is often underestimated when researching developing real estate markets. Systematization of the literary sources and approaches for solving the problem of risk management proved the presence of a significant number of studies that confirm the hypothesis that some of the developers have not reached the normalized risk management maturity scale. The main purpose of the paper is to explore the role of organizational learning in enhancing risk management maturity, as a means of setting research agenda for its empirical evaluation in emerging economies. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) approach, the article systematizes the scientific literature on the importance of organizational learning in managing real estate investment maturity risks in emerging economies like Nigeria. The object of the research was indexed studies on Web of Scholar, Google Scholar, Emerald and Pubmed databases. Qualitative analysis methods have become a methodical toolkit for determining the parameters of organizational learning that contribute to the achievement of risk management maturity. The paper confirms and theoretically proves that risk knowledge acquisition, integration and transformation had potentials of respectively leading to sustainable risk identification, assessment and mitigation in property development projects. The results of the study form the basis for the understanding by scholars, practitioners and policy makers of their contribution to scientific research on the issues of a risk management mature property development sector in emerging economies. The strengths of this study are that it aims to identify the importance of organizational learning in risk management mature property investment in emerging markets.

Strategies for Strengthening Business Economic Security With Account to Global Financial Challenges

“…It is this approach that involves the formation of cognitive abilities in entrepreneurs to perform demanding and innovative activities (Mishchuk, et al, 2022). The authors of Nwaibe, C., Ogbuefi, J. and Egbenta, I. confirm the influence of the blockchain on the credit rating, revealed patterns that determine the features of risk assessment in business as a fundamental element contributing to the economic security of the enterprise, as well as conducting a comparative analysis risk assessment and management methods (Nwaibe, et al, 2022).…”

Lifelong Learning as a Factor in the Country’s Competitiveness and Innovative Potential within the Framework of Sustainable Development

“…In this sense, the corrective activity of the competent authorities should be aimed at developing the skills of an adult by organizing new internship programs, forming university business incubators, and ensuring an increase in financial incentives for the entry of as many companies and universities into the dual education system as possible, stimulating stronger ties between science and the economy by introducing tax and other benefits, motivating educated people to return to their homeland, etc. [19,31,32]. It is very important that the competent authorities in the analyzed states take into account the specifics of their own economy and the specifics of their own education systems when developing the above recommendations [33].…”

“…However, the analysis of the foundations of competitiveness in the WEF reports clearly shows that in many countries the main reasons for slow development and growth are the inability to use the new opportunities provided by the fourth industrial revolution in the form of modern information and innovative technologies, and the "old" problems of social development in the form of «poor» institutions, infrastructure, and skills available to workers [31].…”

Knowledge creation, knowledge impact and knowledge diffusion: how do they connect with higher education?

“…The need for innovations is often associated with the fact that they can form the critical competitive advantages of a particular business entity (Onileowo et al, 2021), improve their performance or, in other words, productivity (Morris, 2018;Nohut & Balaban, 2022) on meso-levels, in addition, it has been proven that innovative activity contributes to the creation of consumer value and value (Harshad, 2022). Separate studies on identifying and developing specific instruments for financing innovations in business companies are singled out (Strielkowski et al, 2022;Nwaibe et al, 2022).…”