Bio-risk Management Culture: Concept, Model, Assessment

2017 ◽  
pp. 199-234 ◽  
Author(s):  
Igor Khripunov ◽  
Nikita Smidovich ◽  
Danielle Megan Williams
Keyword(s):  
Risk Management ◽  
Model Assessment ◽  
Management Culture ◽  
Concept Model ◽  
Culture Concept

The role of big data analytics capabilities in bolstering supply chain resilience and firm performance: a dynamic capability view

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohamad Bahrami ◽  
Sajjad Shokouhyar
Keyword(s):  
Risk Management ◽  
Big Data ◽  
Supply Chain ◽  
Firm Performance ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Content Type ◽  
Supply Chain Resilience ◽  
Management Culture

PurposeBig data analytics capability (BDAC) can affect firm performance in several ways. The purpose of this paper is to understand how BDA capabilities affect firm performance through supply chain resilience in the presence of the risk management culture.Design/methodology/approachThe study adopted a cross-sectional approach to collect survey-based responses to examine the hypotheses. 167 responses were collected and analyzed using partial least squares in SmartPLS3. The respondents were generally senior IT executives with education and experience in data and business analytics.FindingsThe results show that BDA capabilities increase supply chain resilience as a mediator by enhancing innovative capabilities and information quality, ultimately leading to improved firm performance. In addition, the relationship between supply chain resilience and firm performance is influenced by risk management culture as a moderator.Originality/valueThe present study contributes to the relevant literature by demonstrating the mediating role of supply chain resilience between the BDA capabilities relationship and firm performance. In this context, some theoretical and managerial implications are proposed and discussed.

scholarly journals Risk Management Culture as a Systematic Method for Ensuring Safety Development

2019 ◽  
Vol 8 (4) ◽  
pp. 8652-8657
Keyword(s):  
Risk Management ◽  
Development Strategy ◽  
Management System ◽  
Market Conditions ◽  
Systematic Method ◽  
Management Culture ◽  
Risk Management System ◽  
Risk Managers

Issues of developing a culture of risk management, today is perhaps one of the most significant in risk management. The lack of a well-built risk management culture is for many companies, one of the main barriers to building an effective risk management system. It should be understood that all methods that are used to manage risk are as effective as the culture of risk management in the organisation. It depends on the culture of risk management how secure the organisation can feel as part of its development strategy. The development of a risk management culture, in contrast to increasing the costs of expanding the risk management department, is an intensive way to increase the effectiveness of the risk management system and, as a result, provide the possibility of safe development under any market conditions and challenges. By cultivating a risk management culture for the entire hierarchy of employees, you can achieve much better results than simply hiring expensive risk managers.

scholarly journals RISK MANAGEMENT PRACTICE IN CHINA'S PUBLIC-PRIVATE PARTNERSHIP PROJECTS

2012 ◽  
Vol 18 (5) ◽  
pp. 675-684 ◽  
Author(s):  
Yongjian Ke ◽  
ShouQing Wang ◽  
Albert P. C. Chan
Keyword(s):  
Risk Management ◽  
Quantitative Methods ◽  
Management Practice ◽  
Risk Identification ◽  
Public Private Partnership ◽  
Assessment Tools ◽  
Dominant Factor ◽  
Private Partnership ◽  
Management Culture ◽  
Empirical Survey

Project risks were not properly managed in the many past Public-Private Partnership (PPP) projects in China. Although numerous research studies have been conducted on risk management in China's PPP projects, the realization of risk management in China's construction industry especially in PPP projects with high risk exposure and complicated contract structure has hitherto not been well studied. This paper therefore attempted to examine the current use of risk management in China's PPP projects by an empirical survey. The results indicated that the use of risk management was inadequate; qualitative risk analysis methods were preferred to quantitative and semi-quantitative methods; risk management usage in the execution was found to be much higher than in the planning, conceptual or termination stage; interviewees were unfamiliar with most of the risk identification and assessment tools. All above could be partly due to the project nature, but more fundamentally due to the local industrial culture. The absence of risk management culture was found to be the dominant factor which limited the implementation of risk management in practice. Recommendations to alleviate the difficulties of risk management were thereafter provided in this paper.

Risk management culture in ecosystems

2021 ◽  
Author(s):  
Roman Kachalov ◽  
◽  
Yulia Sleptsova ◽  
Keyword(s):  
Risk Management ◽  
Management Culture

Impact of risk management culture on supply chain resilience: An empirical study from Indian manufacturing industry

2019 ◽  
Vol 234 (2) ◽  
pp. 246-259 ◽  
Author(s):  
Siva Kumar ◽  
Ramesh Anbanandam
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Structural Equation ◽  
Discriminant Validity ◽  
Future Research ◽  
Supply Chain Disruptions ◽  
Holistic View ◽  
Supply Chain Resilience ◽  
Management Culture ◽  
Proposed Model

The frequency of supply chain disruptions is growing. The recent supply chain disruptions and their costs emphasize the need for resilient supply chains. Therefore, the main purpose of this study is to investigate interactions between critical antecedents of supply chain resilience including risk management culture, supply chain connectivity, visibility, collaboration, agility, their impact on supply chain resilience, and finally on firm performance. Using the same antecedents and literature support, an empirical model has been proposed. The proposed model has been tested using rigorous statistical analysis such as reliability, convergent, and discriminant validity tests. Partial least squares-structural equation modelling has been used to validate the proposed model and the interdependencies between the critical antecedents. An important finding of this research is that organizations, using the proposed model, can develop and improve supply chain resilience capability by establishing the risk management culture through improving the risk awareness among employees and conducting periodic risk assessment exercises. In addition, the study suggests that organizations trying to achieve supply chain resilience must develop sufficient supply chain connectivity and visibility through adopting information and communications technologies and visibility tools for quick response and recovery from supply chain disruptions. Data collected from the Indian manufacturing sector are used to validate the model. The holistic view presented by the proposed model describes the inter-relationships between critical antecedents to achieve supply chain resilience. Concluding remarks and future research avenues have been presented.

The proactive pursuit of surging performance through supply chain risk management

2020 ◽  
Vol 36 (7) ◽  
pp. 35-37
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Design Methodology ◽  
Reading Time ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Content Type ◽  
Management Culture ◽  
Pertinent Information ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings This research paper concentrates on clarifying how the proactive supply chain risk management (SCRM) strategies of supply chain (SC) flexibility, SC responsiveness, and SC resilience, impact upon SCRM performance. Data from the Turkish manufacturers revealed that SC resilience and SC responsiveness significantly boost SCRM performance, as well as overall firm performance, by reducing their associated risk, but that SC flexibility does not. Furthermore, the presence of a risk management culture in itself did not yield the expected ultimate increase in SCRM performance. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

scholarly journals Compliance Risk Management in Polish and German Companies

2019 ◽  
Vol 11 (4) ◽  
pp. 115-145
Author(s):  
Monika Gorgoń ◽  
Konrad Raczkowski ◽  
Felix Kraft
Keyword(s):  
Risk Management ◽  
Cultural Diversity ◽  
Management System ◽  
Value Added ◽  
Point Of View ◽  
Cultural Dimensions ◽  
Compliance Management ◽  
Management Culture ◽  
Legal Standards ◽  
The Impact

Abstract Objective: This article focuses on the analysis of cultural similarities and differences important in terms of the compliance risk management in Polish and German enterprises, with the deliberate omission of Hofstede’s four cultural dimensions, in favour of the modified E. Schein’s model. This article explains the basic concept of risk management culture, the compliance risk and the essence of the compliance management system in Poland and Germany as well as the impact of cultural factors of each of the analysed countries on the development of compliance. The research objective of this paper is to present a comparative analysis of the examined countries, through the analysis of compliance management systems, as an indispensable element of risk management in an organisation, both in practical and formal terms. Methodology: This research is based on a critical review of the source literature and inference with assigned classical and fuzzy logic values as part of the culture description and risk management. Findings: The initial hypothesis is that the compliance risk management in companies in Poland and Germany has common and standardised features of the Community legal standards, which can be differently displayed from the declarative and actual point of view in Germany, due to an increase in internationalisation and intercultural relations. Value Added: This article presents the theoretical significance and functions of compliance risk management based on an analysis of applicable compliance systems and cultural systems in Poland and in Germany. Recommendations: The compliance risk management system is an essential risk management mechanism in organisations, both in formal and practical terms. It should take into account both the cultural diversity of the regions in Germany and the high cultural and ethnic homogeneity of enterprises in Poland – open, however, to cultural diversity.

scholarly journals Analysis of Credit Risk, Intellectual Capital and Financial Performance of Listed Deposit Money Banks in Nigeria

2021 ◽  
Vol 06 (12) ◽  
Author(s):  
Rislanudeen Muhammad ◽  
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Capital Adequacy ◽  
National Bureau ◽  
Credit Risk Management ◽  
Loan Loss ◽  
Management Culture ◽  
Capital Adequacy Ratio

This paper examined the effects of credit risk, intellectual capital as well as credit risk moderated by intellectual capital on financial performance of fifteen listed deposit money banks in Nigeria (DMBs) from 2007 to 2016. Data were sourced from annual reports of banks and Nigerian National Bureau of Statistics and analysed using Generalised Method of Moments (GMM). The study finds that credit risk index by loan loss ratio negatively affects financial performance of the sampled banks; while capital employed efficiency, loan loss provision moderated by intellectual capital, capital adequacy ratio, income and diversification have positive relationship with banks’ financial performance. Thus, the study recommends that banks should strengthen their credit risk management culture to ensure prompt repayment of loans. The banks should operate within the required capital adequacy ratio to serve as buffer against loan loss provisions provided by the Central Bank of Nigeria. A strong credit risk management culture should be embedded within intellectual capital structure of banks, where all persons at all levels appreciate and understand the banks’ risk management policies as well as strategies and incorporate same into decision-making and business processes.

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