Managing Risks in SMEs: A Literature Review and Research Agenda

In times of crisis, companies need to carefully monitor current expenses and forecast potential costs, which could be caused by risky actions. Risk is inherent in all business functions and in every kind of activity. Knowing how to identify risks, attribute a value and a priority scale, design actions and mechanisms to minimize risks, and continuously monitor them, are essential to guarantee companies’ survival and create sustainable value. This is especially true for small- and medium-sized businesses that are most exposed to the harmful effects of the risks, due to limited resources and structural features. The objective of this study is to analyze available literature on the subject of risk management for small- and medium-sized enterprises from 1999 to 2009. The analysis derives interesting characteristics from the scientific studies, highlighting gaps and guidelines for future research

IRGC Guidelines for Emerging Risk Governance: Guidance for the Governance of Unfamiliar Risks

The IRGC Guidelines for Emerging Risk Governance describe key steps and associated methodologies for early identification and management of emerging risks. The process proposed in this report covers an overarching, flexible and adaptable set of guidelines designed to deal with complex, evolving and uncertain environments

Offshore terror preparedness in the Barents Sea : "preparing for the unexpected"

Masteroppgave i Energy management - Universitetet i Nordland, 201

IRGC Guidelines for the Governance of Systemic Risks

IRGC’s guidelines for the governance of systemic risks addresses the question of how to deal with systemic risks in the context of system transitions, i.e., in situations that require adaptation to new context conditions or transformation of an organisation or ecosystem. The guidelines comprise seven interlinked steps. The guidelines successful implementation depends on strong leadership and the willingness to adapt or revise processes, focus on mid- and long-term issues, and accept and resolve trade-offs

Analysing Supply Chain Resilience: Integrating the Constructs in a Concept Mapping Framework Via a Systematic Literature Review

Purpose: The purpose of this paper is to analyse the concept of supply chain resilience (SCRES) using a concept mapping framework to seek conceptual clarity, with an emphasis on SCRES definitions, essential capabilities, elements and managerial practices. Design/methodology/approach: A systematic literature review was conducted of 103 peer-reviewed journal articles covering the period from 2000 to 2015, with the aim to identify supply chain resilience concept. Findings: Through analysis and synthesis of the literature, the study revealed three major constructs used to define resilience in supply chain: SCRES phases, strategies, and capabilities. The study has addressed five core resilience capabilities: the ability to anticipate, to adapt, to respond, to recover, and to learn. The study has also identified 13 essential elements and several managerial practices that support firms to acquire the five capabilities. The studied capabilities are then linked with supply chain resilient phases and strategies in order to establish an integrated view of the concept. Research limitations/implications: The explorative nature of this study and the role of the concept mapping framework, which does not empirically test the relationships in the model, are considered as limitations, to be addressed by the authors in future research. Originality/value: The originality of this paper lies in the classification of different features of SCRES through a comprehensive concept mapping framework that establishes relationships and interactions between them. This study, therefore, lays a foundation for testing these connections in future empirical studies. The article brings together fragmented literature from multiple studies to create a solid body of knowledge that addresses the need for conceptual clarity in SCRES literature