scholarly journals Proposed Model of Business Retail Continuity Process during Pandemic Covid-19 Based on Risk identification and Response

2021 ◽  
Vol 6 (2) ◽  
pp. 238-262
Keyword(s):  
Risk Management ◽  
Practical Implication ◽  
Management Strategies ◽  
Risk Identification ◽  
Business Continuity ◽  
Retail Industry ◽  
Competitive Strategies ◽  
Retail Business ◽  
Risk Management Strategies ◽  
The Impact

Recognizing competitive strategies, the retail industry must anticipate business risks. Business risk is related to managerial risk, and it depends on its ability to adapt its policies to unforeseen events and changes. Currently, the whole world is facing the Covid-19 outbreak. In facing the challenges and risks from Covid-19, retail businesses must manage and respond to these risks so that their business can recover and business continuity is realized. This study seeks to identify the risks experienced by retail businesses in Indonesia during the COVID-19 pandemic and what risk management strategies are appropriate for business continuity and retail business recovery. Previous studies have explained the impact of Covid-19 on the retail industry. However, there is still a lack of research that tries to identify the risks and how to overcome them. This research will try to fill that gap. Semi-systematic or narrative review techniques were conducted in this study. The study’s result is a framework related to risk management in retail industries. This study contributes to knowledge and practical implication regarding the risk that the retail industry is experiencing during the COVID-19 pandemic.

The Effects of Decision Aid Orientation on Risk Factor Identification and Audit Test Planning

2002 ◽  
Vol 21 (2) ◽  
pp. 39-56 ◽  
Author(s):  
Jean C. Bedard ◽  
Lynford E. Graham
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Decision Aid ◽  
Decision Aids ◽  
Management Strategies ◽  
Risk Identification ◽  
Matched Pair ◽  
Audit Planning ◽  
Audit Firms ◽  
Risk Management Strategies

In auditing, risk management involves identifying client facts or issues that may affect engagement risk, and planning evidence-gathering strategies accordingly. The purpose of this paper is to examine whether auditors' identification of risk factors and planning of audit tests is affected by decision aid orientation, i.e., a “negative” focus wherein client risk and its consequences are emphasized, or a “positive” focus where such factors are not emphasized. Specifically, we expect that auditors will identify more risk factors using a negatively oriented risk identification decision aid, but only when engagement risk is relatively high. We address this issue in the context of auditors' knowledge of actual clients, manipulating decision aid orientation as negative or positive in a matched-pair design. Results show that auditors using the negative decision aid orientation identify more risk factors than do those using a positive orientation, for their higher-risk clients. We also find that decisions to apply substantive tests are more directly linked to specific risk factors identified than to direct risk assessments. Further, our results show that auditors with repeat engagement experience with the client identify more risk factors. The findings of this study imply that audit firms may improve their risk management strategies through simple changes in the design of decision aids used to support audit planning.

The Shades of Grey of Cyberbullying in Australian Schools

2011 ◽  
Vol 55 (2) ◽  
pp. 176-181
Author(s):  
Wendy Goff
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
The Internet ◽  
Duty Of Care ◽  
Current Form ◽  
Risk Management Strategies ◽  
Use Of The Internet ◽  
The Impact

This article explores the effects of cyberbullying in relation to a school's duty of care. By examining the impact of cyberbullying through an increasingly common scenario, it becomes apparent that the strategies for Australian schools in maintaining their duty of care may be unclear and uncommunicated. Findings suggest that Australian law in its current form has failed to keep up with the advances in technology and does not effectively deal with the problems surrounding cyberbullying, both within society and within our schools. Such findings suggest that this lack of direction within Australia could be potentially detrimental to the perceptions of the value and use of the internet both within Australian schools and within Australian households, and support the need for global unity in the development of risk management strategies to deal with this growing phenomenon.

scholarly journals Perceptions of wheat producers towards risk and risk management strategies: A case study from Turkey

2019 ◽  
Vol 49 (12) ◽  
Author(s):  
Seyit Hayran
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Policy Instruments ◽  
Data Set ◽  
Wheat Market ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
The Government ◽  
The Impact

ABSTRACT: In this study, risk perception of wheat producers in Turkey was examined based on a case study conducted in Bitlis Province. The data set used in the study was obtained from 157 farmers randomly. Factor analysis was employed to classify risk sources and management strategies, and then multiple regression was used to investigate the relationship between farmers perceptions and some characteristic. Results of this study have shown that economic-based risks were perceived more strongly by farmers. Farmers’ also used more than one risk management strategy to minimize the impact of the risks they face. So, in order to ensure social and economic sustainability and predictability in wheat production and wheat market, the government should be considered preventive policy instruments and interventions to prevent fluctuations in input and output prices.

scholarly journals Bio-economic modelling of decisions under yield and price risk for suckler cow farms

2015 ◽  
Vol 55 (1) ◽  
pp. 64 ◽  
Author(s):  
Simon Briner ◽  
Niklaus Lehmann ◽  
Robert Finger
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Economic Modelling ◽  
Gross Margin ◽  
Farm Model ◽  
Weather Risk ◽  
Risk Management Strategies ◽  
Margin Insurance ◽  
On Farm ◽  
The Impact

Applying a bio-economic whole-farm model, we assess the impact of price and weather risk as well as different risk-management strategies on the variability of the gross margin in Swiss suckler cow production. For instance, flexible adjustment of fodder composition, feed stocks, or land use as well as gross margin insurance are considered. Our results show that assuming moderate risk aversion farms’ gross margin variability is rather high, with a coefficient of variation of gross margin ranging from 19 to 21%. Accounting for on-farm risk-management strategies we find that gross margin variability can be reduced significantly, causing only low reductions of average gross margin levels. We find that the use of maize as a switch crop and a market for the trade of roughage are the most efficient risk-management strategies. Our results also indicate that gross margin insurance is not attractive for farmers. Thus in particular promoting better access to markets for feedstuffs provides a valuable opportunity for farmers to manage gross margin risks.

scholarly journals Strategies to Manage Risk and their Role in Impacting Economic Performance among Farm Households

2018 ◽  
Vol 5 (2) ◽  
pp. 49
Author(s):  
Hisham S. El-Osta
Keyword(s):  
Risk Management ◽  
Low Income ◽  
Economic Performance ◽  
Performance Status ◽  
Management Strategies ◽  
College Education ◽  
Farm Household ◽  
Median Income ◽  
Risk Management Strategies ◽  
The Impact

Data from the 2015 ARMS and a multinomial probit regression model were used in an attempt to discern the impact of socio-economic factors on the likelihood of a farm household falling in a favorable income-wealth category delineated by above-median income and wealth levels. A primary determinant considered was the number of risk management strategies utilized by the farm household. Findings indicate that farmers who layer up the adoption of risk management strategies are most likely to secure an economic performance status characterized by ‘low-income, high-wealth’. Aging farm operators and those with college education and who operate larger sized farms are found more likely to be in the top economic performance category of ‘high-income, high-wealth’.

scholarly journals Risk Management Strategies and the Role of Social Context: A Comparative Study

2018 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
E. Fragouli ◽  
D. Hutcheon ◽  
J. Faryna
Keyword(s):  
Risk Management ◽  
Social Context ◽  
Risk Perceptions ◽  
Social Impact ◽  
Management Strategies ◽  
Flood Management ◽  
The Social ◽  
Risk Management Strategies ◽  
Common Goals ◽  
The Impact

Researchers have been suggesting that there is a need to examine the wider social context and its role in influencing flood risk management strategies; this has also been joined by a call for further research into the risks of increased rainfall as part of overall climate change. In response to these calls this research study examines the case studies of two pluvial, meaning of or caused by rainfall, flood events; the Calgary, Canada floods of 2013 and the Montrose, Scotland floods of 2016. These events were considered to be 1 in 100 year low probability scenarios and caused significant disruption to the affected areas. The study focuses on the examination into the social context of such events; by examining the risk perceptions before the event, the flood management strategies used and the social impact of the events it was possible to gain insight into the wider picture of pluvial flooding. The analysis of the cases demonstrated that the perceptions of the events were low, due to the unusual nature of the events, but the forecasting of a flood and the issuing of warnings helped to reduce the impact and predict the areas that were most likely to be affected. It has also highlighted the importance of setting common goals, and engaging with, all the necessary stakeholders to improve the effectiveness of strategies and responses. The study concludes by indicating issues that may be of interest to decision makers and researchers in the field of risk management.

scholarly journals Bankruptcy Prevention Strategies in the Context of Risk Management

2021 ◽  
Vol 1 (47) ◽  
pp. 91-97
Author(s):  
O. Y. Sova ◽  
◽  
Y. Y. Morozov ◽  
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
International Standards ◽  
Enterprise Management ◽  
Economic Activities ◽  
Business Units ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
Business Entities ◽  
The Impact

The article aims at summarizing the existing risk management strategies helping to prevent bankruptcy and liquidation of enterprises, taking into account modern environmental challenges and the impact of the COVID-19 pandemic on the performance of business units. As a result of the study, tactical and strategic methods of risk management were identified. The components of the risk management process are identified in accordance with international standards. The main types of enterprise management strategies in crisis situations are described, highlighting the ERM approach, together with its main differences and advantages for its use at enterprises. Statistical data on the number of business entities in Ukraine and the number of bankruptcy proceedings in 2016-2020 are analyzed. It is emphasized that the goals and main tasks of the state policy of the Ministry of Justice of Ukraine for 2021-2023 include the introduction of transparent bankruptcy procedures, which will quickly restore the debtor's solvency or fairly distribute the bankrupt's assets among creditors. Changes to the procedure for initiating bankruptcy proceedings of a legal entity, defined by the Bankruptcy Procedure Code of Ukraine, are suggested. Threats to businesses engaged in foreign economic transactions are presented based on an overall assessment of the global impact of risk scenarios on business (GBI). It is proven that the rationalization of strategic planning instruments and the implementation of a systemic approach to the crisis management of an entity, in general, and its financial and economic activities, in particular, influence greatly the effectiveness of restoring the financial solvency of that entity in a crisis situation. Determining the effectiveness of state support programs for carrying out business activity in the pandemic, and assessing the medium-term effectiveness of measures taken by government agencies make up the directions for further research.

Sign in / Sign up

Export Citation Format

Share Document