Using Sensemaking Theory to Improve Risk Management and Risk Communication: What Can We Learn?

Haas, Emily J.; Yorio, Patrick L.

doi:10.5772/intechopen.75725

Cited by 6 publications

(11 citation statements)

References 56 publications

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“…, 2020). Sense-making about the nature, magnitude and significance of potential risks helps manufacturers in enhancing R-RM efforts to cope with and minimize the repercussions of risks (Haas and Yorio, 2018). The effectiveness of both preventive and reactive efforts for risk mitigation relies on risk assessment, i.e.…”

Section: Discussionmentioning

confidence: 99%

“…The effectiveness of both preventive and reactive risk mitigation efforts requires diligent identification and assessment of various risks that a firm is expected to face (Gouda and Saranga, 2018;Kern et al, 2012). The activities performed under P-RM essentially enhance the organizational sense-making process (Munir et al, 2020), which can support R-RM efforts to manage and minimize the consequences of risks (Haas and Yorio, 2018). From the IPT perspective, monitoring, inspection and tracking under P-RM can increase the information flow (Sheffi and Rice, 2005), which is positively associated with the information processing capability of a firm (Daft et al, 1987;Premkumar et al, 2005).…”

Section: Supply Chain Risk Managementmentioning

confidence: 99%

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Manufacturer's servitization level and financial performance: the role of risk management

Jat

Jajja

Shah

et al. 2022

JMTM

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PurposeThe objective of this research is to investigate the impact of offering product-linked services on the effectiveness of risk management and, subsequently, on financial performance.Design/methodology/approachThe investigation is based on an empirical analysis employing structural equation modeling (SEM) and cross-industry and multi-country survey data of 307 companies. The theorization is guided by the information processing theory (IPT).FindingsConsidering the basic and advanced classification of services, the analysis suggests that only the provision of advanced services influences the effectiveness of risk management. Specifically, the provision of advanced services strengthens the preventive dimension of risk management. Surprisingly, the analysis reveals a negative direct impact of preventive risk management on financial performance. Preventive risk management, however, indirectly enhances financial performance by supporting reactive risk management.Practical implicationsFor practitioners, the research suggests a positive impact of servitization in a long term rather than in form of instant financial benefits. The research attempts to highlight the specific role of supply chain risk management (SCRM) through which servitization has a positive impact on financial performance.Originality/valueAlthough there are assumptions about both reduction and increase in risk when manufacturers offer services, the extant literature lacks an empirical investigation on the association between servitization and the effectiveness of risk management. This study addresses the stated gap and offers novel insights into the role of SCRM in the performance consequences of servitization.

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Section: Discussionmentioning

confidence: 99%

Section: Supply Chain Risk Managementmentioning

confidence: 99%

Manufacturer's servitization level and financial performance: the role of risk management

Jat

Jajja

Shah

et al. 2022

JMTM

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“…Oleh karena itu instrumen kebijakan yang dihasilkan dalam upaya pemulihan industri animasi Indonesia seharusnya merupakan hasil kajian yang sudah dilakukan bersama oleh pihak pemerintah selaku pemegang otoritas dan pemegang kebijakan, pihak industri sebagai pelaku usaha animasi, dan dibantu oleh stakeholder terkait ekosistem animasi Indonesia seperti pihak akademisi, industri yang terkait dengan animasi dan asosiasi industri dan profesi. Pihak-pihak tersebut bersama-sama melakukan pemetaan terkait dampak Covid-19 pada sektor animasi Indonesia secara menyeluruh (risk identification), kemudian menilai, memilah dan memilih risiko yang kemungkinan dapat terjadi akibat dari munculnya bencana tersebut (risk assessment), merancang strategi pemulihan dan melaksanakan strategi tersebut (risk mitigation), menerima segala masukan, mengembangkan, dan mengurangi risiko yang terjadi pada saat pelaksanaan (risk Respons), serta memantau dan mengevaluasi proses pelaksanaan mitigasi secara berkala (risk monitoring) (Haas & Yorio, 2018;Khan et al, 2008). Berikut adalah bagan alur penyusunan strategi pemulihan dan pengembangan industri animasi Indonesia pascapandemi Covid-19 yang dilakukan pada penelitian ini.…”

Section: B Metode Penelitianunclassified

Strategi Pemulihan Dan Percepatan Pengembangan Industri Animasi Indonesia Pasca Pandemi

Wikayanto

Yudoprakoso²,

Kurniawan

et al. 2022

masy. indones.

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Industri animasi Indonesia memiliki sejarah yang cukup panjang. Semestinya tahun 2020 lalu industri animasi dapat tumbuh pesat dan menjadi tahun paling produktif bagi industri ini. Meskipun demikian berbagai tantangan mencegah industri ini untuk tumbuh pesat, utamanya ketika pandemi Covid-19 mulai melanda sejak 2020 lalu. Permasalahan utama yang kemudian muncul yakni terkait kebutuhan akan proyek pemesanan jasa animasi, bantuan dana kerja produksi IP animasi, dan kebijakan serta insentif terkait yang berpihak pada penumbuhkembangan industri animasi lokal. Penelitian ini menggunakan pendekatan kualitatif deskriptif dengan metode model-building. Metode ini digunakan untuk mengkonstruksikan strategi kebijakan terkait strategi pemulihan dan percepatan berdasarkan pada hasil temuan di lapangan tentang dampak pandemi covid-19 pada sektor industri animasi Indonesia. Berdasarkan data penelitian terdahulu dan rekonstruksi dari temuan di lapangan terhadap kondisi industri animasi saat ini, strategi pemulihan dan percepatan pengembangan industri animasi Indonesia perlu mengedepankan peran pemerintah dalam menyediakan proyek kerja, membantu pendanaan produksi dan penasaran, serta berpihak pada industri animasi lokal dengan membatasi impor animasi asing.

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“…Haas and Yorio [ 5 ] reframe the sensemaking model in terms of risk assessment and state that sensemaking can be viewed as a risk management process which allows everyone in the workplace to identify hazards, communicate risks, and respond accordingly. Sensemaking begins with an observation of organizational cues and workplace behaviors by employees.…”

Section: Introductionmentioning

confidence: 99%

It may cost an arm and a leg: workers value and occupational fatality rates in the U.S.

et al. 2021

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Background The present study aims to observe how societal indicators of workers’ values at the state-level are related to health and safety outcomes, particularly major injuries and fatalities in the U.S. Underscoring workforce flexibility and workability over workforce stability and safety might be indicative of the worth of workers which can be associated with occupational safety and health concerns. Methods Linear regression analysis with a log-transformed dependent variable was adopted to examine how the state-level indicators of worker value in terms of 1) minimum wage, using data from 2015; 2) average of workers’ compensations for the loss of an arm, hand, leg, or foot in 2015 were concurrently and prospectively associated with occupational fatality rates averaged across 2015, 2016 and 2017. Socioeconomic contextual variables such as education level, GDP per capita, and population at the state-level were controlled for. Results The present study showed that state-level quantitative indicators of how workers are valued at work, namely minimum wage and workers’ compensation benefits, were significantly and negatively associated with fatality rates in the following year. Conclusions The present study illustrates the gap in how workers are valued across the U.S. The study speaks to the importance of contextual factors regarding worker value, as they can affect outcomes of health and safety culminating at a state-level.

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Using Sensemaking Theory to Improve Risk Management and Risk Communication: What Can We Learn?

Cited by 6 publications

References 56 publications

Manufacturer's servitization level and financial performance: the role of risk management

Manufacturer's servitization level and financial performance: the role of risk management

Strategi Pemulihan Dan Percepatan Pengembangan Industri Animasi Indonesia Pasca Pandemi

It may cost an arm and a leg: workers value and occupational fatality rates in the U.S.

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