Strategic Risk Management Approach for Small and Medium-Sized Manufacturing Enterprises (SMEs)--- A Theoretical Framework

Ariful, I.; Tedford, J.D.; Haemmerle, Enrico

doi:10.1109/icmit.2006.262309

Cited by 10 publications

(6 citation statements)

References 14 publications

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“…Using the analysis process, the main topic on its factors and the analysis of each will lead to the identification of all related issues. The internal causes of failure include poor management, lack of risk management planning, and failure to adopt a risk limit threshold (Ariful and Des 2012). Most of time in an industry, we have the lack of data to calculate the reliability or make a decision.…”

Section: Discussionmentioning

confidence: 99%

A novel risk-based analysis for the production system under epistemic uncertainty

Khalaj

2013

J Ind Eng Int

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Risk analysis of production system, while the actual and appropriate data is not available, will cause wrong system parameters prediction and wrong decision making. In uncertainty condition, there are no appropriate measures for decision making. In epistemic uncertainty, we are confronted by the lack of data. Therefore, in calculating the system risk, we encounter vagueness that we have to use more methods that are efficient in decision making. In this research, using Dempster-Shafer method and risk assessment diagram, the researchers have achieved a better method of calculating tools failure risk. Traditional statistical methods for recognizing and evaluating systems are not always appropriate, especially when enough data is not available. The goal of this research was to present a more modern and applied method in real world organizations. The findings of this research were used in a case study, and an appropriate framework and constraint for tools risk were provided. The research has presented a hopeful concept for the calculation of production systems' risk, and its results show that in uncertainty condition or in case of the lack of knowledge, the selection of an appropriate method will facilitate the decision-making process.

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Section: Discussionmentioning

confidence: 99%

A novel risk-based analysis for the production system under epistemic uncertainty

Khalaj

2013

J Ind Eng Int

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“…The transition to sustainability involves significant threats and opportunities for the industry in product development [45]. The manufacturing industry faces high pressures due to market freedom, changes in customer preferences, new legislation, and technological changes [65]. Their leading daily challenges are related to the resources to carry out their operations.…”

Section: Selection Of the Participating Companiesmentioning

confidence: 99%

Management of Strategic Risks for the Sustainability of SMEs in the Manufacturing Sector in Antioquia

Jiménez,

Arrieta,

Nuñez

et al. 2024

Sustainability

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Strategic risk management impacts organizations’ competitive advantage; it is an opportunity for growth, anticipation, and sustainability. Small and medium-sized enterprises (SMEs) are significantly exposed to these risks and are a fundamental part of the current business fabric. This research aims to analyze the management of strategic risks for the sustainability of SMEs in the manufacturing sector in Antioquia. A qualitative methodology was used for the development, and ten semi-structured interviews were conducted with managers of the selected SMEs. The results show that strategic risk management contributes to the sustainability of SMEs across economic, social, and environmental pillars. The strategic risks most frequently mentioned as priorities for sustainability include long-term risks associated with strategy formulation and definition, as well as the value proposition. Additionally, the risk of human talent management, which is present in all analyzed organizations, was highlighted. Based on the research, interested organizations can be recommended to implement processes and practices associated with strategic risk management for sustainability. The research presents a significant novelty by specifically addressing the management of strategic risks for the sustainability of SMEs in the manufacturing sector. Unlike previous research, our study focuses on the specific risk management practices of SMEs in this geographical context, adding an important regional and sectoral dimension to the field of study.

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“…Guerin (2015), Krehbiel et al (2009). FMEA Andreta (2014), Guebitz et al (2012), Ariful et al (2006), Reid et al (2012), Abdelgawad et al (2010), Sádaba et al, (2013), Senders (2004, Puente (2006), Kasai et al (2016).…”

Section: Discussão Discussão Dos Métodos Utilizadosmentioning

confidence: 99%

“…Para lidar com essas tendências, as demandas exigem maior flexibilidade e padrões de qualidade, mas essas exigências geram a necessidade de altos níveis de confiabilidade do sistema, que inclui os elementos humanos, equipamentos, materiais e outros processos de valor agregado, além disso, as organizações ainda enfrentam eventos adversos e contratempos que tornam o sistema pouco confiável. Como consequência, pode haver dificuldades na continuidade do trabalho, diminuição da produtividade, aumento de produtos defeituosos, retrabalho, atraso na entrega, perda humana, perda financeira entre outros (ARIFUL et al, 2006).…”

Section: Introductionunclassified

“…Enquanto ninguém pode evitar riscos nos projetos (assim como ninguém pode evitar catástrofes naturais ou incêndios), certamente pode se preparar para os riscos, adicionando atividades de gestão de risco aos planos de projeto e implantação de mecanismos que irão proteger a organização quando algo sair errado. Ariful et al (2006) explica que a gestão de riscos se refere ao processo de redução dos riscos. Os métodos baseados em risco fornecem várias medidas qualitativas e quantitativas que podem apoiar a tomada de decisões.…”

Section: Introductionunclassified

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Gerenciamento de riscos em projetos de consultoria

Ribeiro

Oliveira

2018

RBADM

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Tendo em vista que quaisquer organizações não estão livres de cometerem falhas e correr riscos, o presente trabalho traz a integração de alguns métodos de Gerenciamento de Risco que foram capazes de identificar, analisar e avaliar riscos dentro dos projetos de uma empresa de prestação de serviços. Apesar do gerenciamento de risco ser um processo capaz de ser empregado em diversos tipos de organizações e situações, muitas organizações não tem o conhecimento de suas técnicas. Assim, a presente pesquisa tem como objetivo identificar as falhas capazes de trazer consequências negativas para os projetos da empresa, além de identificar as falhas nos projetos, a pesquisa também identificou as causas de cada uma das falhas, bem como, para cada falha identificada foi sugerida ações capazes de mitiga-las. Entre os métodos utilizados estão as técnicas de Brainstorming, Análise de Causa Raiz, Diagrama de Causa e Efeito e a Análise de Modos de Falhas. Como resultados alcançados, foi verificado que o trabalho está dentro dos passos da norma ISO 31000 que conta com identificação, análise e avaliação de riscos. Ademais, este trabalho também conta coma determinação de ações corretivas. O artigo contribui como uma pesquisa empírica no ramo de Gerenciamento de Risco voltado a projetos de prestação de serviços.

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Strategic Risk Management Approach for Small and Medium-Sized Manufacturing Enterprises (SMEs)--- A Theoretical Framework

Cited by 10 publications

References 14 publications

A novel risk-based analysis for the production system under epistemic uncertainty

A novel risk-based analysis for the production system under epistemic uncertainty

Management of Strategic Risks for the Sustainability of SMEs in the Manufacturing Sector in Antioquia

Gerenciamento de riscos em projetos de consultoria

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