scholarly journals Study of the Effect of Risk Management Application on the Performance of Giad industrial Group

2021 ◽  
Author(s):  
YASSIN ASSADIG ALI AHMED
Keyword(s):  
Risk Management ◽  
Success Factors ◽  
Management Practices ◽  
Main Tool ◽  
Research Problem ◽  
Industrial Firms ◽  
Critical Success ◽  
Industrial Organizations ◽  
Industrial Group

Risk management is particularly important at the present time and constitute a new approach in firms, has seen all industries acceleration and great changes in recent years, in order to benefit from risk management to provide protection for firms and continuity performance its activities should provide the critical success factors for risk management. The research problem is represented in the role of risk management on the performance of industrial firms in Sudan, the research aims to deepen the understanding of risk management and its application to firms and to know the reasons that led to the failure and faltering of the performance of these firms as well as finding appropriate solutions ,The researcher used the descriptive-analytical method in conducting this study and designed a questionnaire as the main tool for data collection, This research develops through the assumption that there is a positive relationship between risk management and the performance of the firm where the study found that risk management practices are applied in moderate proportions by the leaders and employees of the Sudanese industrial firms and dominated by the reactive method rather than proactive, One of the most important recommendations of the study is that industrial organizations have to adopt effective systems for managing organizational risks and that they be monitored and reviewed for deviations in order to be in line with the strategy of the firm.

scholarly journals Critical success factors for implementing risk management systems in developing countries

2016 ◽  
Vol 16 (1) ◽  
pp. 18-32 ◽  
Author(s):  
M.Reza Hosseini ◽  
Nicholas Chileshe ◽  
Jacqueline Jepson ◽  
Mehrdad Arashpour
Keyword(s):  
Risk Management ◽  
Developing Countries ◽  
Knowledge Management ◽  
Construction Projects ◽  
Critical Success Factors ◽  
Success Factors ◽  
Management Practices ◽  
Management Systems ◽  
Construction Education ◽  
Critical Success

A review of published studies on risk management in developing countries reveals that critical success factors for implementing risk management has remained an under-researched area of investigation. This paper is aimed at investigating the perceptions of construction professionals concerning the critical success factors (CSFs) for implementation of risk management systems (IRMS). Survey data was collected from 87 construction professionals from the Iranian construction industry as a developing country. The results indicate that four factors are regarded as highly critical: ‘support from managers’, ‘inclusion of risk management in construction education and training courses for construction practitioners’, ‘attempting to deliver projects systematically’, and ‘awareness and knowledge of the process for implementing risk management’. Assessing the associations among CSFs also highlighted the crucial role of enhancing the effectiveness of knowledge management practices in construction organisations. Study also revealed that parties involved in projects do not agree on the level of importance of CSFs for implementing risk management in developing countries. This study contributes to practice and research in several ways. For practice, it increases understanding of how closely knowledge management is associated with the implementation of risk management systems in developing countries. For research, the findings would encourage construction practitioners to support effective knowledge management as a precursor to higher levels of risk management implementation on construction projects. 

scholarly journals The role of university libraries in supporting the management information needs of academic Heads of Departments.

2013 ◽  
Vol 19 (63) ◽  
pp. 18-21
Author(s):  
Francis Greene
Keyword(s):  
Information Needs ◽  
Success Factors ◽  
Management Practices ◽  
University Libraries ◽  
Management Information ◽  
Structured Interviews ◽  
Organizational Goals ◽  
Critical Success ◽  
Financial Climate

Perceptions of the role of academic heads of departments have altered in recent years. The impetus given by such reports, changes to the way universities are financed, and current management practices within universities, have resulted in Heads of Departments taking on greater managerial responsibility for financial and human resources as well as continuing to lead teaching and research in their departments. Similarly, university libraries are faced with the new opportunities presented by electronic delivery of services, and are having, in a tighter financial climate, to attempt to bring their services much closer to the needs of customers. In this report the interim results of semi-structured interviews with eight university librarians are presented. These interviews are part of a larger project, funded by the BLRDD, into the management information needs of academic Heads of Departments and the role university libraries and administrators play in supplying managernent information to them. The project has used a critical success factors approach to identify the organizational goals of Heads of Departments, the factors that were critical to the achievement of those goals, and the information necessary to manage these factors.

Determinants of voluntary formation of risk management committees

2014 ◽  
Vol 29 (7) ◽  
pp. 649-671 ◽  
Author(s):  
Nkoko Blessy Sekome ◽  
Tesfaye Taddesse Lemma
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Corporate Governance ◽  
Management Practices ◽  
Emerging Economy ◽  
Board Structure ◽  
Content Type ◽  
Listed Firms ◽  
Practical Implications

Purpose – The aim of this paper is to examine the nexus between firm-specific attributes and a company’s decision to setup a separate risk management committee (RMC) as a sub-committee of the board within the context of an emerging economy, South Africa. Design/methodology/approach – The authors analyse data extracted from audited annual financial reports of 181 non-financial firms listed on the Johannesburg Securities Exchange (JSE) by using logistic regression technique. Findings – The results show a strong positive relationship between the existence of a separate RMC and board independence, board size, firm size and industry type. However, the authors fail to find support for the hypotheses that independent board chairman, auditor reputation, reporting risk and financial leverage have an influence on a firm’s decision to establish RMC as a separately standing committee in the board structure. The findings signify the role of costs associated with information asymmetry, agency, upkeep of a standalone RMC, damage to the reputation of directors and industry-specific idiosyncrasies on a firm’s decision to form a separate RMC. Research limitations/implications – As in most empirical studies, this study focuses on listed firms. Nonetheless, future studies that focus on non-listed firms could add additional insights to the literature. Investigating the role of firm-specific governance attributes other than those considered in the present study (e.g. gender of directors, ownership structure, etc.) could further enhance the understanding of antecedents of risk-management practices. Practical implications – The findings have practical implications for the investment community in assessing the quality of risk management practices of companies listed on the JSE. Furthermore, the results provide insights that are potentially useful to the King Committee and other corporate governance regulators in South Africa in their effort to improve corporate governance practices. Originality/value – The present study focuses on firms drawn from an emerging economy which has profound economic, institutional, political and cultural differences compared to advanced economies, which have received a disproportionately higher share of attention in prior studies. Thus, the study contributes additional insights to the literature on corporate risk management from the perspective of an emerging economy.

scholarly journals Project Selection Frameworks and Methodologies for Reducing Risks in Project Portfolio Management

2017 ◽  
pp. 245-263
Author(s):  
Fabio Nonino
Keyword(s):  
Neural Networks ◽  
Portfolio Management ◽  
Success Factors ◽  
Project Selection ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Critical Success ◽  
Innovative Methodology ◽  
Correct Level

Extracting and consolidating knowledge from past projects can help managers in selecting projects with the correct level of riskiness, while market analysis gives directions for reaching the objective of a balanced project portfolio. To this extent, the chapter discusses strategic importance of project selection and the role of risks and uncertainties in project portfolio management and presents some fundamental and innovative frameworks and project selection methodologies for balancing risks. Finally, the chapter proposes a model containing an innovative methodology, based on artificial neural networks, to help managers in balancing project portfolio and assessing projects during the selection phase on the basis of risks, uncertainties and critical success factors.

A Model for Evaluating HR Analytics Critical Success Factors in Industry 5.0

2022 ◽  
pp. 136-149
Author(s):  
Tilottama Singh ◽  
Harpreet Singh Grewal ◽  
Rajesh Kumar Upadhyay
Keyword(s):  
Causal Relationship ◽  
Success Factors ◽  
Research Problem ◽  
Critical Factors ◽  
Strategic Decisions ◽  
Critical Success ◽  
Key Issues ◽  
Effect Level ◽  
Hr Managers ◽  
Indian Industries

This study offers a methodology to evaluate HR analytics application critical factors that can aid HR managers in making proper strategic decisions. To help advance the study on the implementation of HR analytics, this research is based on the grey DEMATEL approach to envisage the formation of complex interrelation between the CSFs and find the effect level of these factors. Drawing conclusion from the above, the present study addresses certain key issues. Firstly, it aims to examine the challenges in implementing HR analytics techniques in Indian industry. Secondly it examines the causal relationship to analyses the tasks and their effect in detail. After analysing the available literature and creating the research problem based on the gaps observed, the chapter accentuates the necessity for studying and analysing the HR analytics challenges in Indian industries.

The Critical Success Factors in Higher Education

2021 ◽  
pp. 84-108
Author(s):  
Tuncer Asunakutlu ◽  
Kemal Yuce Kutucuoglu
Keyword(s):  
Higher Education ◽  
Success Factors ◽  
Success Factor ◽  
Critical Success ◽  
Ranking Systems ◽  
The Future ◽  
The Subject ◽  
Education Administrators ◽  
The University

This study reviews some of the prominent ranking systems with a view to shed more light on what may constitute a critical success factor in the field of higher education. In the first part, the ranking systems are reviewed and the key principles are explained. A brief description of how institutions use ranking information is also included. In the second part of the study, the subject of internationalization in the context of ranking systems is discussed. The main challenges of competitiveness in higher education and the increasing role of internationalization are expressed. The chapter also describes threats and opportunities for the future of higher education. This section also includes suggestions for higher education administrators. In the third part, the subject of ranking with particular focus on the university-industry collaboration and its effects on the future of higher education are discussed. The role of the industry and the changing mission of the universities in the new era are explained.

Method over Mayhem in Managing e-Commerce Risk

2011 ◽  
pp. 107-119
Author(s):  
Dieter Fink
Keyword(s):  
Information Technology ◽  
Risk Management ◽  
Critical Success Factors ◽  
Success Factors ◽  
Literature Survey ◽  
Critical Success ◽  
Risk Management Methodology ◽  
Management Approaches ◽  
Operational Aspects ◽  
Technology Systems

Under the system of e-commerce, organisations leave themselves open to attack which can have catastrophic consequences. Recent well-publicised business disruptions to firms such as Northwest Airlines and Ebay have had significant business impacts. The chapter identifies the differences in risk management approaches for older information technology systems and those required for e-commerce. The benefits and the critical success factors for an e-commerce risk management methodology are identified and discussed. A literature survey revealed the existence of only two methodologies with potential suitability for e-commerce risk management. They are evaluated against the critical success factors. The chapter recommends a program of research to make risk management more dynamic and interactive particularly for the operational aspects of e-commerce.

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