Today I read a rather old article from 1995 about “Organizational Risk Perception and Reduction: A Literature Review” by Vincent-Wayne Mitchell, now at the Cass Business School in London. I present it here since I think most of the concepts and strategies are still valid.
Already some time ago I wrote about Systematic Review, a literature analysis approach that should lead to a well founded overview of a specific research field. Since I left out the history and some insights last time I wanted to extend on my last article here.
What do professionals in the domain of supply chain management think about disruptions? How do they prepare for them, how do they act when a disruption occurs?
Blackhurst et al. (2005) answer these questions in their work about “An empirically derived agenda of critical research issues for managing supply-chain disruptions”.The authors are using three different empirical methods to achieve this goal empirically: Case study, surveys and focus groups.
This is the second contribution to my series on doctoral dissertations on Supply Chain Risk Management. An immense effort and dedication is spent on these works only to find the results hidden in the libraries. So the goal is raise interest in their research.
In retrospect forecasts of the future often seem dull or at least miss important aspects of the actual realization. In 2000 the Ritchie and Brindley analyzed effects of the uprising Internet on supply chain management and especially newly emerging risks associated with them for small and medium sized enterprises. I wrote this review from the view of 2000 as well so you can decide yourself to what degree you see their hypothesis already fulfilled.
In research the decisions on the product and the corresponding supply chain are usually separated. This happens for a variety of reasons, one may be the reduction of problem complexity, another that the research focus is on a brown field approach where the products are seen as given.
Not only earthquakes and terrorist attacks can lead to supply chain disruptions. Supply chains are also subject to behavioral risks, meaning that participants of the supply chain could exhibit behavior which might be consistent with their goals, but contrary to the goals of the supply chain’s other participants.
The journals with relevant articles for Supply Chain Risk Management can be very diverse. First one would think about which fields and respective journals are relevant and where can one expect to find articles concerning supply chain risks?
