Abstract:

The article describes the perspective on efficiency evaluation based on the relationship between strategy execution and operational risk. The research results revealed the relationship between operational (intra-organisational) risk and strategy execution effectiveness measured by the revenue dynamics and the strategic goals achievement. Although the relation was not confirmed for all risk factors analysed, it could be observed while analysing the risk areas. It is worth mentioning that the correlation was negative which confirmed the research assumption that the strategy implementation effectiveness (either revenue dynamics or strategic goals achievement) would be higher when the operational (intra-organizational) risk is lowered. Therefore the research results revealed some managerial implications confirming that the idea of risk management should be incorporated into strategic management process, especially at the stage of assessing the strategy implementation efficiency.