A comprehensive people, process and technology (PPT) application model for Information Systems (IS) risk management in small/medium enterprises (SME)

2017 ◽  
Author(s):  
Muhammad Imran Javaid ◽  
Mian Muhammad Waseem Iqbal
Keyword(s):  
Risk Management ◽  
Information Systems ◽  
Application Model ◽  
Small Medium Enterprises ◽  
Medium Enterprises

scholarly journals Assessing the Nature of Risk Management Implementation in Manufacturing Small Medium Enterprises in Nigeria

2019 ◽  
pp. 1-10
Author(s):  
Igbokwe Nkemakonam ◽  
Mba Wilfred
Keyword(s):  
Risk Management ◽  
Risk Perception ◽  
Survey Methodology ◽  
Small And Medium Enterprises ◽  
Management Approach ◽  
Economic Crises ◽  
Entrepreneurial Experience ◽  
Management Experience ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The survival of manufacturing small and medium enterprises depends on its capability to anticipate and prepare for setbacks, challenges and risks, rather than waiting for it to happen. Thus the purpose of this study was to investigate the nature of risk management implementation in manufacturing small and medium enterprises in Nigeria. A survey methodology was applied during this investigation. And the results revealed that as the owner/manager entrepreneurial experience grows, risk management experience is gained. Thereby leading to a better risk perception, where a more sophisticated risk management approach is implemented that ensures its survival during political or economic crises. 

scholarly journals Sustainable Livelihood Strategies: How Urban Community Resilient Towards Disaster?

2020 ◽  
Vol 52 (2) ◽  
pp. 246
Author(s):  
Navila Ulfi Fauziyanti ◽  
Dyah Rahmawati Hizbaron
Keyword(s):  
Risk Management ◽  
Urban Areas ◽  
Disaster Risk ◽  
Livelihood Strategies ◽  
Disaster Risk Management ◽  
Sustainable Livelihood ◽  
Economic Activities ◽  
Sustainable Livelihood Approach ◽  
Small Medium Enterprises ◽  
Medium Enterprises

It has been more than a decade after 5.9 SR earthquakes hit one of the most destructed area Tembi Hamlet, Bantul District, Yogyakarta Province. Amidst the wreaking havoc, the area gained its resilient in no time. This research, aimed to 1) explore what are the factors influential towards local resilient, especially micro-small-medium enterprises; and 2) analyze strategies to tackle disaster. It employed mix method, while the key questions were developed using “Sustainable Livelihood Approach” by DFID, geared with “Pentagram Asset” mapping for each spatial and temporal unit. The result revealed that 1) the micro-small-medium enterprises in urban area are resilient towards earthquake due to fair physical, natural and financial assets management and abundant social, human and political assets. These assets have created enabling environment towards behavioral change of urban society; 2) Despite various livelihood strategies existed in urban areas, the research highlighted three types of livelihood strategies within disaster risk management perspective, i.e. survival (disaster), consolidation by no-change plan mechanism and accumulation strategies by change plan mechanism (post disaster). Critically, pentagram assessment is able to identify feasible local assets and activities, however it left the policy, institution, interaction and multi sector aspects from the spotlight. Herewith, the research proposes evaluation scan to rethinking sustainable livelihood approach within disaster risk management by adding these aspects into the observation. It also revealed that local autonomous initiatives to extend urban based economic activities and supported by abundant political interest play pivotal role in disaster management at developing countries.

scholarly journals The impact of risk on the financial performance of small medium enterprises in the construction industry in Eastern Cape, South Africa

2015 ◽  
Vol 5 (3) ◽  
pp. 224-234
Author(s):  
William Chiliya ◽  
Ellen Chenesai Rungani ◽  
Norman Chiliya ◽  
Christopher Tarisayi Chikandiwa
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Financial Performance ◽  
Construction Industry ◽  
Business Environment ◽  
Eastern Cape ◽  
Management Techniques ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

Risk management has become the driving force for business success due to the everchanging business environment. The purpose of this study is to investigate the impact of the level of awareness and use of risk management techniques on the financial performance. The data was collected from 82 of Small Medium Enterprises (SMEs) owners/managers in the construction industry in Eastern Cape, South Africa. The results show that the level of awareness and use of risk management techniques have a significant impact on the financial performance of SMEs in the construction industry. The study recommends that the government, tertiary institutions, construction industry development board, and SME owners or managers in the construction industry should work together in improving the level of awareness and use of risk management techniques.

scholarly journals Strategizing Information Systems: An Empirical Analysis of IT Alignment and Success in SMEs

Computers ◽  
2019 ◽  
Vol 8 (4) ◽  
pp. 74 ◽  
Author(s):  
Kitsios ◽  
Kamariotou
Keyword(s):  
Information Systems ◽  
Organizational Structure ◽  
Organizational Performance ◽  
Business Strategy ◽  
Planning Process ◽  
Multivariate Regression Analysis ◽  
It Alignment ◽  
Systems Planning ◽  
Small Medium Enterprises ◽  
Medium Enterprises

IT investment is a crucial issue as it does not only influence the performance in Small-Medium Enterprises (SMEs) but it also helps executives to align business strategy with organizational performance. Admittedly, though, there is ineffective use of Information Systems (IS) due to a lack of strategic planning and of formal processes resulting in executives’ failure to develop IS plans and achieve long-term sustainability. Therefore, the purpose of this paper is to examine the phases of Strategic Information Systems Planning (SISP) process that contribute to a greater extent of success so that guidelines regarding the implementation of the process in SMEs can be provided. Data was collected by 160 IS executives in Greek SMEs during February and May 2017. Multivariate Regression Analysis was applied on the detailed items of the SISP process and success constructs. The results of this survey present that managers should be aware of the strategic use of IS planning so as to increase competitive advantage. Senior executives should choose the appropriate IT infrastructure (related to their business strategy and organizational structure), so as to align business strategy with organizational structure. The findings of this paper could help IS executives concentrate their efforts on business objectives and recognize the great value of the planning process on their business.

scholarly journals How Managers Use Information Systems for Strategy Implementation in Agritourism SMEs

Information ◽  
2020 ◽  
Vol 11 (6) ◽  
pp. 331
Author(s):  
Maria Kamariotou ◽  
Fotis Kitsios
Keyword(s):  
Information Systems ◽  
Strategic Planning ◽  
Agricultural Sector ◽  
Specific Area ◽  
Agricultural Enterprises ◽  
Systems Planning ◽  
Strategic Implementation ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Effective Use

Agritourism is long established and the interest in diversification of agricultural enterprises into tourism has increased. However, many challenges have emerged regarding the lack of appropriate skills, strategic planning, Information Systems (IS), as well as increased costs in production processes. In Greece, the contribution of agritourism to economic growth has increased in the last decade, but the relationship between the agricultural sector and agritourism is a reason for certain people having largely taken advantage from the development of tourism in a specific area. Greek businesses operating in the agritourism sector are seeking long-term sustainability. However, they lack strategic planning and effective use of IS. As the strategic implementation of Information Technology (IT) in Small Medium Enterprises (SMEs) in the agritourism sector is under-researched, this paper aims to investigate how the process of Strategic Information Systems Planning (SISP) affects the success of Greek SMEs in the agritourism industry. IS executives completed the survey and ANOVA analysis was used for data analysis. The findings of the paper indicate that IS executives do not focus on the analysis of the external environment and the evaluation of opportunities for IS development. In addition, the lack of formulation of the IT strategy creates inefficient and unsuccessful IT projects.

ANALISIS MANAJEMEN RISIKO BISNIS

2020 ◽  
Vol 18 (1) ◽  
pp. 51
Author(s):  
Mudrika Berliana As Sajjad ◽  
Salsabila Dea Kalista ◽  
Mualif Zidan ◽  
Johan Christian
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Business Risk ◽  
Global Challenges ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Small, Medium Enterprises or commonly called SME are also needed to defend themselves in competition, besides SME are also required to face some global challenges, in facing global challenges this can be done by innovating products and services, and developing human resources and technology, are also needed in terms of increasing marketing areas. For this reason, risk management is needed to anticipate or reduce the likelihood of these risks by analyzing risk management. Keywords: business, risk management, sme.

scholarly journals A Study on Important Factors for Chemical Risk Management in Small & Medium Enterprises

2015 ◽  
Vol 25 (3) ◽  
pp. 285-293
Author(s):  
Shinbum Kim ◽  
Youngeun Choi ◽  
Taejin Chung ◽  
Junghwa Lee ◽  
Simon Che ◽  
...  
Keyword(s):  
Risk Management ◽  
Chemical Risk ◽  
Small Medium Enterprises ◽  
Medium Enterprises

PENGARUH PENYELENGGARAAN HAJI TERHADAP PENINGKATAN AKTIVITAS EKONOMl DI WILAYAH PROPINSI DKI JAKARTA

ALQALAM ◽  
2013 ◽  
Vol 30 (2) ◽  
pp. 380
Author(s):  
Chairul Akmal
Keyword(s):  
Secondary Data ◽  
Travel Agency ◽  
Economic Activities ◽  
Factors Affecting ◽  
Regression Methods ◽  
The Social ◽  
Travel Agencies ◽  
Relationship Model ◽  
Small Medium Enterprises ◽  
Medium Enterprises

This research analyzes some factors affecting economic activities in relation with the conduct of pilgrimage. Those factors are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers. The objective of this research is to acquire the information of how each factor and all factors together affect the economic activities. This research also analyzes the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses on UMKM - Micro, Small, Medium enterprises' economic activities.             This research is conducted in DKI Jakarta in 2007. The population of this research is the average economic activities in DKI Jakarta in 2007. There are 42 respondents (Banks), 157 respondents (travel agencies), and 50 respondents (UMKM - Micro, Small, Medium enterprises) which are taken as samples from the population using the purposive sampling method. The data is obtained by the researcher using questioners and secondary data which is taken from 1990-2007.             The methodology used in this research is based on. the causal relationship model In testing the hypothesis of this research, the researcher uses the simple and multiple regression methods, and path analysis method. The significant rate a = 0,05 used in determining the interpretation of the statistic result. The data is processed using SPSS (Statistical Packages for the Social Sciences) version 12.00.             The results of the analysis in the 1st equation -are (i) the effect of the pilgrimage cost on banks' revenues is quite strong, (ii) the effect of the pilgrimage cost on travel agencies' revenues is quite strong, (iii) the effect of the pilgrimage cost on UMKM - Micro, Small, Medium enterprises' revenues is weak.             The results of the analysis in the 2nd equation are (i) the effect, of the amount of pilgrims on Banks' revenues is very weak, (ii) the effect of the amount of pilgrims on travel agencies' revenues is very weak, (iii) the effect of the amount of pilgrims on UMKM - Micro, Smal4 Medium enterprises' revenues is very weak.             The results of the analysis in the 3rd equation are (i) the effect of the amount of pilgrimage officers on banks' revenues is very weak, (ii) the effect of the amount of pilgrimage officers on travel agencies' revenues is very weak, (iii) the effect of the amount officers on UMKM-Micro, Small Medium enterprises' revenues is very weak.   The results of the analysis in the 4th equation are (i) the effect of all three factors which are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on banks' revenues is very strong, (ii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on travel agencies' revenues is strong, (iii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on UMKM-Micro, Small Medium enterprises' revenues is strong.             The result of the analysis in the 5th equation is the effect of foods and drinks expenses on UMKM-Micro, Small Medium enterprises' revenues is weak. In the 6th equation, the effect of nonfoods and drinks expenses on UMKM-Micro, small Medium enterprises' revenues is weak. In the 7th equation, the effect of miscellaneous expenses on UMKM - Micro, Small Medium enterprises' revenues is quite strong. In the 8th equation, the effect of all three factors which are the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses simultaneously on UMKM-Micro, Small Medium enterprises' revenues is quite strong.             The implication of the research results mentioned above is the factors in the conduct of pilgrimage do increase the economic activities (Banks, Travel Agencies, and UMKM - Micro, Smal4 Medium enterprises) in DKI Jakarta. Therefore, considering that matter, the General Director of the conduct of pilgrimage division of Department of Religion Republic of Indonesia should determine the pilgrimage cost which is affordable, increase the service, and provide a good information system which will result in a better conduct of the pilgrimage. Key word: The Costs of Hajj, Hajj Officer, Travel Agency, UMKM

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