scholarly journals The importance of Risk Management Assessment: A proposal of an Index for Listed Companies

2018 ◽  
Vol 1 (2) ◽  
pp. 122-137
Author(s):  
Osmar Axel Cervantes-Cabrera ◽  
Guadalupe Del Carmen Briano-Turrent
Keyword(s):  
Risk Management ◽  
Latin American ◽  
Business Strategy ◽  
Design Methodology ◽  
Listed Companies ◽  
International Literature ◽  
Five Dimensions ◽  
Listed Firms ◽  
The Subject ◽  
Risk Culture

AbstractObjective – This study aims to construct an innovative index that integrates the most important qualitative elements of risk management for listed companies. Design/methodology – This research is exploratory, since the subject has been rarely addressed in Mexico, so we will review the international literature on risk management and propose an instrument for measuring and monitoring risk management. The index proposed in this study is composed by five sub-indexes or dimensions, consisting of nineteen constructs that are expressed in one hundred items or statements, measured through a Likert scale and un-weighted. Results – The integral risk management index proposed are related to five dimensions: architecture of risk, risk culture, risk guideline, risk assessment and business strategy. This framework constitutes a base for the implementation and conceptualization of the risk management, which harmonizes the regulations and methodologies of greater importance at the international level. Adherence to this framework complies with all international requirements and has the basis for an efficient administration in the 21st century. This study could be a reference for those responsible on the risk management decisions in Latin American listed firms.

On a correlative and evolutionary SWOT analysis

2019 ◽  
Vol 12 (3) ◽  
pp. 347-363 ◽  
Author(s):  
Charis Vlados
Keyword(s):  
Conceptual Framework ◽  
Business Strategy ◽  
Design Methodology ◽  
Swot Analysis ◽  
Evolutionary Economics ◽  
External Environment ◽  
International Literature ◽  
New Approach ◽  
Content Type ◽  
Business Dynamics

Purpose The purpose of this paper is to counter-propose a new approach of SWOT analysis, which can be used in the strategic planning of the contemporary organizations. Design/methodology/approach This paper, after presenting the conceptual context of the existing (conventional) SWOT analysis, presents the existing criticism within the international literature. Then, it articulates gradually the new evolutionary and correlative SWOT analysis, by using the approaches and the literature of evolutionary economics, and the Stra.Tech.Man approach in business dynamics. In conclusion, it presents the new conceptual framework on which a new correlative SWOT analysis can be based. Findings Main finding of this research is that the interpretation of the conventional SWOT analysis tends to study the strengths and the weaknesses of the business with an analytical dichotomy. The conventional SWOT analysis conceptualizes, usually implicitly, the opportunities and threats of the external environment as having the same impact to all the socioeconomic agents, without exception. However, by using a correlative interpretation of SWOT analysis, we understand that the opportunities and threats are always “potential,” depending on the organization’s strategic capability to exercise its comparative strengths and weaknesses. Originality/value In the existing literature of SWOT analysis, despite the growing criticism, there is no critique that can give systemic and correlative answers to the articulation of business strategy in SWOT terms. The Stra.Tech.Man approach, also, is a conceptual framework to study the evolutionary adaptation of all the kinds of socioeconomic organizations.

scholarly journals Effective Risk Management In Organizations:The Nigerian Experience

2013 ◽  
Vol 10 (8) ◽  
pp. 1878-1883
Author(s):  
Ndubuisi Okolo ◽  
Okonkwo Rita Ifeoma ◽  
Ifeoma Amakor
Keyword(s):  
Risk Management ◽  
Content Analysis ◽  
Subject Matter ◽  
Risk Attitude ◽  
Proactive Approach ◽  
Risk Appetite ◽  
The Subject ◽  
Risk Culture ◽  
Corporate Risk ◽  
The Impact

This study is an investigation on effective risk management with respect to organizations in Nigeria. The objective of the paper is to examine factors militating against effective risk management in organizations. The paper adopted content analysis of library materials, journal publications, internet materials and other documented materials relevant to the subject matter. It was concluded that effective risk management is a proactive approach towards mitigating the impact of threats, maximizing opportunities and optimizing the achievement of objectives. It was recommended that managers of organizations in Nigeria should imbibe and articulate good corporate risk attitude, strong risk culture and clearer risk appetite.

scholarly journals The Moderating Effect of Risk Culture in Relationship between Leadership and Enterprise Risk Management Implementation in Malaysia

2018 ◽  
Vol 9 (1) ◽  
pp. 244
Author(s):  
Mohamad Hisyam Selamat ◽  
Othman Ibrahim
Keyword(s):  
Risk Management ◽  
Quantitative Research ◽  
Listed Companies ◽  
Moderating Effect ◽  
Senior Management ◽  
Primary Data ◽  
Research Approach ◽  
Management Commitment ◽  
Risk Culture ◽  
The Relationship

The present study is designed to examine the relationship between leadership (board of directors, senior management commitment and chief risk officer) and ERM implementation amongst Malaysian public listed companies (PLC). It is also examining the moderating effect of risk culture on the relationship between leadership and ERM implementation amongst Malaysian PLC. This research adopted quantitative research approach to analyze the data obtained from the questionnaire distributed to the PLC via their Risk Management Division. From the 814 listed companies, according to Bursa Malaysia main board directory, 300 were taken as a sample. The primary data collection commenced after the pilot test was completed and the data was analyzed using SPSS Version v.18. From the analysis it is found that senior management commitment and chief risk officer have a significant and positive relationship with the ERM implementation. The hierarchical multiple regressions indicated that risk culture played the moderating role in the relationship between senior management commitment, chief risk officer and ERM implementation. This study provides significant theoretical and practical contributions for the industry, practitioners, researchers and academician, besides providing a framework for ERM implementation in the listed companies in Malaysia. The results of this study could serve as a guide to develop a strategy for audit actions in the assessment of ERM practices to further improve the level of ERM implementation by the intended shareholders as a whole.

Sports sponsorship: scientific coverage in academic journals

2019 ◽  
Vol 8 (1) ◽  
pp. 163-186 ◽  
Author(s):  
Claudia Patricia Maldonado-Erazo ◽  
Amador Durán-Sánchez ◽  
José Álvarez-García ◽  
María de la Cruz Del Río-Rama
Keyword(s):  
Business Strategy ◽  
Design Methodology ◽  
Scientific Activity ◽  
Scientific Production ◽  
Mutual Benefit ◽  
Content Type ◽  
Analysis Methodology ◽  
Global View ◽  
Sports Sponsorship ◽  
The Subject

PurposeSports sponsorship is considered a business strategy that allows for the mutual benefit of both parties; the sponsor achieves to position and make its brand known and those sponsored obtain the income required to finance their corporate, marketing and communication objectives. The purpose of this paper is to identify the scientific production on this subject indexed in Scopus.Design/methodology/approachIn order to fulfill the proposed objective, it is studied and analyzed scientific activity by means of the “Bibliometric Analysis” methodology, using indicators of productivity, dispersion, collaboration and citation. These indicators are applied to a database composed of 484 articles on sports sponsorship.FindingsThe most relevant researchers are identified by using two different criteria, the production and citations received, as well as providing information on which approaches or lines of research on the subject have not been followed or have not been studied in-depth sufficiently.Originality/valueThis is a novel study, since it provides a global view of research carried out in this field at international level.

Four Ways to Improve Risk Reporting

2021 ◽  
pp. 000812562110198
Author(s):  
Ruchi Agarwal ◽  
Sanjay Kallapur
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Business Strategy ◽  
Near Misses ◽  
Risk Culture ◽  
And Performance ◽  
Communicating Risk ◽  
Risk Reporting

Risk reporting is often unconnected with business strategy and performance, and is considered merely as a matter of compliance, which defeats the purpose of risk management. This article describes four best practices of companies that have improved their risk reporting by strengthening the vertical and horizontal communication of risks, reporting near misses, and communicating risk digitally through apps. Better risk reporting involves simplification and incentivization. It enables organizations to improve risk management and risk culture overall.

The Implementation IT Risk Management of Hardware and Software Obsolescence by using ISO27001/ISO 27002 in Pharmaceutical Industry

2019 ◽  
Vol 3 (1) ◽  
pp. 105-112
Author(s):  
Heri Rukmana
Keyword(s):  
Risk Management ◽  
Pharmaceutical Industry ◽  
Business Strategy ◽  
It Risk Management ◽  
The Subject ◽  
It Risk

Risk Management is a discipline that exists to deal with non-speculative risks – those risks from which only a loss can occur. Hardware and software obsolescence which are used in pharmaceutical industry equipment are the subject of Risk Management since these obsolescence may cause either a profit or loss and impact to the business strategy, which can reduce the value of the assets with which the organization undertakes its speculative activity.

Climate change initiatives in Mexico: a review

2018 ◽  
Vol 29 (6) ◽  
pp. 1042-1058 ◽  
Author(s):  
Jorge Alejandro Silva Rodríguez de San Miguel
Keyword(s):  
Climate Change ◽  
Latin American ◽  
Design Methodology ◽  
Short Term ◽  
Change Initiatives ◽  
Content Type ◽  
Mexican Government ◽  
The Subject ◽  
Latin American Countries ◽  
Selection Of

Purpose The purpose of this paper is to analyse the measures taken by the Mexican Government in relation to the country’s climate change and its management to improve it. Design/methodology/approach Much of the information which has guided this review was sourced from official documents referred to the climate change initiatives in Mexico, especially technical reports and working papers. The selection of literature was considered based on its recency, academic importance and veracity. The studies selected mainly ranged from 2001 to 2017. Findings This review finds that further research is required to assess Mexico’s climate change efforts objectively, which will help to ascertain if the nation’s plans and commitment are as ambitious and strong as the country claims. Research limitations/implications Most of the literature considered in this review was sourced from official documents and has not been subject to extensive academic peer review to guarantee that national decision and policy making are based on reliable scientific knowledge. Originality/value Mexico is one of the first countries to introduce a law dedicated to climate change, and its inclusion of short-term climate pollutants in its National Climate Change Strategy makes it more ambitious than that of many other Latin American countries. However, literature on the subject is limited and fragmented.

scholarly journals Enterprise Risk Management and Risk Culture in Construction Public Listed Companies

2021 ◽  
Vol 26 (2) ◽  
pp. 17-36
Author(s):  
Ching Ching Wong ◽  
Faizul Azli Mohd Rahim ◽  
Siaw Chuing Loo
Keyword(s):  
Risk Management ◽  
Listed Companies ◽  
Two Dimensions ◽  
Enterprise Risk Management ◽  
Annual Reports ◽  
Top Management ◽  
Risk Manager ◽  
Enterprise Risk ◽  
Risk Appetite ◽  
Risk Culture

Inadequate risk management and lack of risk culture can expose a company to unexpected risk events, which can negatively affect its performance. However, there are inconsistencies in suitable dimensions to measure the enterprise risk management (ERM) construct, as well as insufficient embedding strategies for risk culture. This study aims to identify the ERM practices and risk culture dimensions among the Malaysian construction public listed companies (PLCs). The roles of top management and chief risk officer/risk manager in influencing ERM and risk culture are also explored. A total of 46 annual reports and 10 interviews of industry practitioners were analysed using content analysis. The analysis of the annual reports found that risk policy and risk appetite/tolerance, monitoring key risk and accountability are the three dimensions of risk culture. In addition, based on the interviews, reward and recognition and internal relationships were identified as the two dimensions of risk. Top management and risk manager were found to be the primary drivers of ERM programme and risk culture in construction PLCs. The results of this study are used to formulate a survey instrument for the subsequent data collection to test the proposed theoretical model.

Strategic orientation and strategies to manage organisational knowledge and creativity

2017 ◽  
Vol 30 (3) ◽  
pp. 312-327 ◽  
Author(s):  
Catalina Carmona-Osorio ◽  
Santiago Ángel-Gallego ◽  
José Arias-Pérez
Keyword(s):  
Business Strategy ◽  
Design Methodology ◽  
Structural Equations ◽  
Strategic Orientation ◽  
Content Type ◽  
Hypothesis Model ◽  
Organisational Knowledge ◽  
The Subject ◽  
Positive Effect ◽  
Do So

Purpose The purpose of this paper is to analyse the direct effects of strategic orientation in innovation and competition on personalisation and codification type knowledge management (KM) strategies and their organisational creativity. Design/methodology/approach The authors counter-checked the hypothesis model with a sample of 169 companies in emerging markets that adopt technology: a country such as Colombia. To do so, the authors used structural equations with the least squares model. Findings The data indicate that both KM strategies positively influence creativity; however, personalisation has a greater effect. Additionally, SG for innovation has a positive effect on both KM strategies; however, for competition, KM only has an influence on codification. Originality/value The relation between KM strategies and creativity has been approached on a strictly theoretical level; therefore, this paper provides empirical evidence on the subject. It also establishes the direct effect that SG has on KM strategies, which have so far only been tangentially analysed. In so doing, it goes further than the limitations in the literature regarding analysis of the KM-creativity relationship, but it does not consider business strategy implications.

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