As technology continuously evolves, it becomes increasingly important for various industries to adapt to the technological landscape. This necessity is evident in the banking sector, as banks must constantly evolve in parallel with those who may seek to harm the organization. The success of the industry is linked to its relationships with customers and other stakeholders, which means it is crucial to continually enhance and implement new measures to ensure risks are minimized. Previous research has highlighted the importance of leadership and the necessity of having a well-functioning risk management strategy to minimize risks and create a strong, stable foundation for operational efficiency. However, less attention has been directed toward the interdependence of these two components and how leadership affects risk management within organizations, such as banks. The purpose of this report is to increase the understanding of how various aspects of transformational and transactional leadership can be used to promote a proactive risk management, as well as how these leadership styles can be integrated with each other to create a proactive risk management within the banking sector.. The study draws on theories and previous research on leadership, risk management strategies, and Enterprise Risk Management, as well as respondents' knowledge and experiences, to address the study's purpose.This study examines the significance of leadership in cultivating a proactive risk management within the banking sector. By analyzing the role of leadership in promoting risk awareness and proactive behavior among employees, this research provides insights into how effective leaders can influence attitudes and behaviors crucial for managing risks. The findings emphasize the need for leaders within the banking sector to take initiatives to enhance the organization's capability to manage risks and promote a proactive culture essential for meeting the ever-changing challenges of today's financial landscape.In conclusion, the study's findings underscore the importance of a leader's ability to harmoniously integrate aspects of both transformational and transactional leadership to strengthen the organization's ability to manage risks and foster a proactive risk management necessary for addressing the continually evolving challenges in today's financial landscape.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:kau-100390 |
| Date | January 2024 |
| Creators | Elmström, Linn, Björklund, Alicia |
| Publisher | Karlstads universitet, Handelshögskolan (from 2013) |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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