Successful Risk Management Research Articles

Being in control? A thematic content analysis of 14 in-depth interviews with 2,4-dinitrophenol users

Background2,4-Dinitrophenol (2,4-DNP) is a compound with multiple industrial purposes. Currently unlicensed for human consumption, it is used by the gym-going population for drastic, short-term body fat loss. Nonetheless, physiological mechanisms can lead to potentially fatal hyperthermia. Reported fatal incidents have caused concern and highlighted the need for intervention. Understanding decision-making leading to 2,4-DNP use alongside the perceived outgroup attitudes is vital to forming effective harm minimisation policies targeting current and potential users. First-hand accounts from this elusive population are scarce. MethodsFourteen novel and experienced users (13 male, 1 female) were recruited via “snowballing” techniques. Semi-structured interviews were conducted, comprising 28 questions. Thematic content analysis was conducted using 37 codes. ResultsFour characteristic themes emerged: 1. Users considered the Internet to be a crucial multifunctional resource directly impacting their 2,4-DNP use. 2. Users “respected” 2,4-DNP, proactively taking harm reduction measures. 3. Attitudinal polarisation towards 2,4-DNP within the gym-going community was consistent in all accounts. 4. Users perceived outgroup populations to have inherently negative attitudes towards their use. These themes fell under the all-encompassing theme of “being in control”. ConclusionFor the first time, this study offers a rich detail of attitudes toward 2,4-DNP use by giving a collective voice to users. The element of control over every aspect of the users’ life appears to be a significant contributor to the successful risk-management of 2,4-DNP use. In the absence of an established safe upper limit and effective regulatory control, education is critical to harm minimisation.

Developing enterprise risk management model: the case of the Palestinian insurance sector

The insurance sector, being one of the most prosperous sectors in developing countries, has been immersed in continuous changes to adapt to the new global economic environments and business safety requirements. However, there seems to be scarcity in the current literature of empirical studies to investigate the prerequisites of a healthy risk management model for insurance organisations in developing countries. This paper is an attempt to develop a risk management model for insurance organisations operating in the context of the developing country of Palestine. An exploratory qualitative study using semi-structured interviews, archival documents and observations were adopted in this research inquiry. Data were analysed using thematic analysis approach. Although data analysis show that Palestinian insurance organisations' managerial practices are relatively in regulatory compliance with risk management practices, the results highlight the necessity of providing a supportive organisational culture and capacity building functions to provide highly qualified insurance professionals as a corner stone for insurance companies' competitiveness in developing countries. The developed managerial model is important as it identifies the determinants of a successful enterprise risk management realisation that will help the insurance companies in developing countries context to improve their strengths and maintain a sustainable growth.

Developing enterprise risk management model: the case of the Palestinian insurance sector

The insurance sector, being one of the most prosperous sectors in developing countries, has been immersed in continuous changes to adapt to the new global economic environments and business safety requirements. However, there seems to be scarcity in the current literature of empirical studies to investigate the prerequisites of a healthy risk management model for insurance organisations in developing countries. This paper is an attempt to develop a risk management model for insurance organisations operating in the context of the developing country of Palestine. An exploratory qualitative study using semi-structured interviews, archival documents and observations were adopted in this research inquiry. Data were analysed using thematic analysis approach. Although data analysis show that Palestinian insurance organisations' managerial practices are relatively in regulatory compliance with risk management practices, the results highlight the necessity of providing a supportive organisational culture and capacity building functions to provide highly qualified insurance professionals as a corner stone for insurance companies' competitiveness in developing countries. The developed managerial model is important as it identifies the determinants of a successful enterprise risk management realisation that will help the insurance companies in developing countries context to improve their strengths and maintain a sustainable growth.

The Swedish Geotechnical Society’s methodology for risk management: a tool for engineers in their everyday work

ABSTRACTThe Swedish Geotechnical Society has adopted a general methodology for risk management in geotechnical engineering projects to reduce the costs related to negative outcomes of geotechnical risks. This technical note highlights the main features of the methodology and strives to inspire the international geotechnical community to apply sensible risk management methods. In the authors’ opinion, a successful geotechnical risk management needs to be structured, be tailored to the project, and permeate the engineers’ everyday work. Then, sufficient quality can be achieved in the project with larger probability.

Limitation of Liability Clause Helps Geotechnical Engineer Avoid $9.6 Million Verdict

A court case between a residential developer and a consulting engineering firm shows why limitation of liability clauses are critical to successful risk management.

Disruption causes and disruption management in supply chains with Chinese suppliers

PurposeThe purpose of this paper is to identify and rank supply chain disruption causes for Western buying firms in the Chinese market; to identify supplier-relationship-specific mitigation strategies to avoid and resist such disruptions; and to develop and propose a framework of relational supply chain disruption management with Chinese suppliers.Design/methodology/approachTwo group exercises with 42 representatives from Western manufacturing buying firms and nine in-depth interviews were conducted. The group exercises applied the nominal group technique.FindingsThe authors identified and ranked 22 disruption causes in China for Western buying firms. Evaluating the five most urgent causes, 43 mitigation strategies could be identified that build on implementing strategic relationships with Chinese suppliers. A framework of relational supply chain disruption management for Western buying firms was developed with six propositions on primary constructs, mediators, and moderators, highlighting guanxi as a fundamental construct of relations within the Chinese culture.Research limitations/implicationsThe findings contribute to theory development at the intersection of risk management and culture. Quantitative testing of the proposed relationships in the framework is needed to derive more reliable conclusions.Practical implicationsThe study depicts how cultural differences between Chinese suppliers and Western buyers influence relational supply chain disruption management strategies. Using the study findings, managers of Western buying firms are informed regarding the most pressing disruption causes in the Chinese market and the value and strategic use of Chinese-supplier relationships.Originality/valueThe study provides a valuable contribution to the scant body of literature on disruption management in supply chains with Chinese suppliers. It contributes to our understanding of a successful risk management in the presence of cultural differences.

Differentiating between pathological demand avoidance and antisocial personality disorder: a case study

PurposeThe purpose of this paper is to explore the different clinical features of pathological demand avoidance (PDA) and antisocial personality disorder (ASPD) presented in the form of a single case study. The study highlights the potential of misdiagnosis and conceptual confusions to practitioners in forensic settings between the two conditions when working with offenders with personality disorders.Design/methodology/approachA case formulation using the “five Ps” method based on the personal history of an incarcerated male is presented and the clinical similarities and differences between PDA and ASPD are delineated. These differences and similarities are evaluated and applied to offender management including intervention options.FindingsThere are considerable similarities between ASPD and PDA making the two conditions difficult to separate. Both diagnostic criteria identify childhood behavioural problems, aggression, destructiveness, conduct disorder (CD), manipulation and non-compliance as indications of the disorder. For example, the criteria for later adult ASPD are the presence of childhood antisocial behaviour and CD. However, these behaviours may also be suggestive of the attention deficit hyperactivity disorder and non-compliance that are part of PDA. Violent behaviours and aggression can also be perceived in a similar way. Misdiagnosis of PDA as ASPD reduces the efficiency of treatment programmes.Originality/valueThe implications of these findings could prove useful in the successful risk management of offenders with PDA. Given the similar behavioural characteristics between PDA and ASPD, the prevalence of PDA among offenders may be higher than observed. The aim of this study is to raise awareness of potential conceptual complications and clinical confusions between the two conditions with a view to aid offender management through case formulation. A large scale study into offenders with PDA would draw attention to the prevalence of the condition as well as its association with offending behaviour.

Implementation of the ERM concept in Serbia: Comparative analysis: Real sector and financial sector

The paper analyzes the level of development regarding risk management, with a special focus on ERM (Enterprise Risk Management) implementation in the Serbian companies. The aim is to raise the awareness regarding the successful risk management implementation in the companies in Serbia, using the bank sector as the benchmark and the example of good practice. The research was conveyed in 2015 and it confirmed the general trend that the companies in Serbia were more inclined to use traditional methods regarding risk management, that the ownership structure influenced the level of ERM awareness in the companies and finally that the Serbian companies lacked the supporting organizational structures and adequate systems of internal controls which would contribute to the successful ERM implementation.

NURSING STUDENTS’ BARRIERS IN CARING FOR SCHIZOPHRENIA PATIENTS WITH VIOLENCE RISK

Background: There is a general consensus that schizophrenia patients have a greater risk to become violent. Caring for schizophrenia patients with risk of violence presents difficult clinical challenges, and it complicates the efforts of nursing student. Analysis of nursing student' barriers may lead to improve nursing management of risk of violence.
 Objective: The aim of this study is to explore the nursing student barriers in for caring schizophrenia patients with violence risk.
 Method: A total sample of 22 nursing students completed their experience through reflective diary during clinical placements. The qualitative data were explored by thematic content analysis method using NVivo.
 Results: Three themes were emerged from the data included: emotions, personal experience, and inadequate communication skills.
 Conclusion: These themes reflected the barrier of the nursing students when they applied nursing care toward schizophrenia patient with violence risk. Knowing the barriers is very important for successful violence risk management for nursing student.

What constitutes successful participatory disaster risk management? Insights from post-earthquake reconstruction work in rural Gujarat, India

Although for decades, public participation in disaster risk management has been strongly advocated for, in reality, it remains elusive. Planners and practitioners are still struggling to find ways to meaningfully involve the local community in disaster management programs; so far, apparently successful projects and initiatives have seldom been scaled up or replicated. The reason for this is that no comprehensive framework for participatory disaster risk management exists, and no systematic evaluation has been made to assess the necessary elements and appropriate paths for meaningful public participation in disaster management. This study attempts to examine the process and identify outcome-based factors that account for successful participatory disaster risk management. To accomplish this, we have evaluated reconstruction projects in earthquake-affected rural Gujarat, India, where the government envisioned a people-centric reconstruction project, but provided no public participation framework or guidelines. As a result, several reconstruction models pursuing different levels and types of public participation ultimately emerged. We selected three dominant reconstruction approaches and examined the extent to which various processes and outcome-based factors were successful in promoting ideal levels of public participation during these reconstruction projects. This study is considered an example of pioneering research in defining factors that account for successful participatory disaster risk management.

Leggyakrabban használt kockázatkezelési modellek összehasonlítása Compare the most frequently used models of risk management

The successful risk management is based on the company can recognize and treat the risks well and effectively. Nowadays there are several techniques for risk management. Each technique breaks the risk man- agement steps on its own logic. In this article we compare four different risk management models, accordingly what are the similarities, and what are the differences between the four models.

Risk Management of Korean Food & Beverage Enterprises Entering China

Due to severe competition in the domestic market, many Korean Food and Beverage (F&B) firms have been notably going to China since 2010. But their business performance is quite different as some have been very successful with hundreds of stores in China, while a well-known business has gone bankrupt after three years of aggressive marketing. This study aims to identify significant risks to F&B enterprises going into the Chinese market and to analyze risk management strategies with respect to ERM (Enterprise Risk Management) framework. Findings reveal that relevant functions of every F&B business include production, distribution, labor management, financial accounting, R&D, operation management, design, interior, marketing among others. Successful risk management for every F&B business entering China is a real challenge and each firm needs to cover diverse risks in these relevant functions as a whole. If they fail to study the Chinese market beforehand and in the absence of a good marketing system, specific business target, business planning as well as poor financial, human resource and supply chain management in China, then they are bound to fail.

Differences between Clients’ and Vendors’ Perceptions of IT Outsourcing Risks: Project Partnering as the Mitigation Approach

Information technology (IT) outsourcing has been a business practice for more than two decades. Researchers have suggested successful risk management as a key factor in successful IT outsourcing projects implementation. The documented investigations, however, have mainly addressed risk management only from a single perspective of either clients or IT vendors. Considering only one perspective allows for an omission of possible risks considered critical by the other party, as suggested by agency theory. This study explored the potential perception inconsistency regarding the risks between the client and the vendor for IT outsourcing projects by using a quasi- Delphi approach. The analysis results indicated some inconsistencies in the risks perceived by the two parties: (1) the clients regarded (a) lack of vendor commitment to the project and (b) poor vendor selection criteria and process as top critical risks but the vendors didn't; and (2) on the other hand, the vendors perceived (a) unclear requirements and (b) lack of experience and expertise with project activities as significant risks but the clients didn't. Insights into how the client and the vendor perceive risks may help both parties determine how to partner and manage project risks collaboratively to succeed in outsourcing.

Long-term experiences with pluvial flood risk management

The awareness of pluvial (rain-related) flood risk has grown significantly in the past few years but pluvial flooding is not handled with the same intensity throughout Europe. A variety of methods and modelling technologies are used to assess pluvial flood hazard and risk and to develop suggestions for flood mitigation measures. A brief overview of current model approaches is followed by the description of a modelling methodology that has been developed throughout the last 15 years with the focus on processing large scale areas. Experiences from several projects show that only high quality models of whole catchment areas yield results with enough accuracy to gain credibility among stakeholders, planners and the public. As a best practice example shows, the model approach also helps to plan effective decentral flood protection measures. To ensure successful flood risk management, a long-term preservation of flood risk awareness among local authorities and the public is necessary.

Innovations in assessment and adaptation: building on the US National Climate Assessment

Well-targeted scientific assessments can support a range of decision-making processes, and contribute meaningfully to a variety of climate response strategies. This paper focuses on opportunities for climate assessments to be used more effectively to enhance adaptive capacity, particularly drawing from experiences with the third US National Climate Assessment (NCA3). We discuss the evolution of thinking about adaptation as a process and the importance of societal values, as well as the role of assessments in this evolution. We provide a rationale for prioritizing future assessment activities, with an expectation of moving beyond the concept of climate adaptation as an explicit and separable activity from Bnormal^ planning and implementation in the future. Starting with the values and resources that need to be protected or developed by communities rather than starting with an analysis of changes in climate drivers can provide opportunities for reframing climate issues in ways that are likely to result in more positive outcomes. A critical part of successful risk management is monitoring and evaluating the systems of interest to decision-makers and the effectiveness of interventions following integration of climate considerations into ongoing strategic planning activities and implementation. Increasingly this will require consideration of path dependency and coincident events.We argue that climate adaptation is a transitional process that bridges the gap between historically time-testedways of doing business and the kinds of decision processes that may be required in the future, and that scientific assessments will be increasingly central to these transitions in decision processes over time.

Enhancing RCIES Model

Risk identification and prioritization is very essential activity in any successful strategic risk management process. Developing a plan for dealing with such problems reduces the impact of unexpected risks and failures while prioritizing risks draws attention, efforts and resources to the risks with great impact on projects success. The aim of this paper, is to identify the critical risk factors in an ERP project through a case study of a successful implementation of an ERP system in a Sudanese organization and to understand how the organization implemented the appropriate controls to minimize its business risks impact. To achieve this objective, a number of key articles were reviewed and analyzed to understand the different critical risk factors influence ERP implementation. New risk factors and controls influence ERP implementation have been identified. A new model of ERP implementation critical risk factors was developed. Furthermore, the risk factors were classified into categories, probability, impact and proximity, then using a prioritizing tool, the results of this study contributes to risks identification and prioritization by pointing to the less priority and the most critical risk factors.

Enhancing RCIES Model

Risk identification and prioritization is very essential activity in any successful strategic risk management process. Developing a plan for dealing with such problems reduces the impact of unexpec...

The successful management of flood risk and publicness in Netherlands: double-loop learning after the flood in 1953

The successful management of flood risk and publicness in Netherlands: double-loop learning after the flood in 1953

Successful Management of Risk in the Hybrid OR

The advent of intraoperative magnetic resonance imaging (MRI) surgery has resulted in numerous advances in minimally invasive procedures. This progress has also revealed serious environmental hazards for the patient and perioperative team. At one facility, implementation of an MRI/OR intervention suite has enhanced surgical care and outcomes. Achieving the benefits of intraoperative MRI can occur with a multidisciplinary, interdepartmental approach to the design and layout of the hybrid environment and through implementation of education and safety protocols, including patient screening and prep for scanning. Personnel, including perioperative nurses, must receive expert hands-on training to successfully mitigate risk and provide care in the hybrid OR setting.

Risk attribution analysis for South East Asian markets

This paper is concentrated on those factors which have significant influence over stock returns on five South East Asia markets. Quantifying these factors and accounting for their influence leads to the specific stock return which we call 'pure return'. This process is called return decomposition or risk attribution and it shows the sources of return/risk to the assets. This information can be very valuable in portfolio construction, because it makes managing expositions more precise and flexible. Better understanding which factors drive stock prices allows asset managers to adjust their investment strategies accordingly and apply more successful risk management. We find that nine macroeconomic factors are significant for the studied markets. Also we quantify the specific risk exposure of the companies of the studied markets.