Today I picked a special article on corporate risks. “How Risky is your Company?” by Robert Simons of the Harvard Business School. Its a more business oriented view on how companies should handle risks, internally. But since internal risk management can be seen as a part of supply chain risk management, I also include it here.
Risk exposure
This article is about how risky one company is. About the internal risk. And by these risks, the author does not so much refer to the production processes, but the softer risks of managing a company.
Submitted by Daniel Dumke on Sun, 2011-03-13 13:22
Paper
Impact of Demographics on Supply Chain Risk Management Practice
Published In:
Massachusetts Institute of Technology, Master Thesis
This is somewhat of the fifth contribution to my series on doctoral dissertations, apart from not being a doctoral thesis but a master thesis on Supply Chain Risk Management. Nonetheless, 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 the research of my peers.
Today I will write about the implications of the risk understanding by managers covered in Part 1 of this series. After observing the mentioned factors on how managers perceive risks the authors categorize their conclusions in three areas.
Today I finally read one of the most cited articles on subjective risk in general. In 1987 March and Shapira set out to shake up the existing theories on the perception and processing of risks by managers. Accordingly, they aggregated the information from various surveys on this topic.
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.
“Arcs of integration” is a concept developed by Frohlich and Westrook (2001) which describes the degree of integration of suppliers and customers within a Supply Chain.
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.
The Supply Chain Operations Reference (SCOR) model has been developed by the Supply Chain Council to provide a best-practice framework for supply chain management practices and processes with the goal to increase performance.
SCOR
The SCOR model consists of five major process categories: Plan, Source, Make, Deliver and Return
The benefit of the Sarbanes-Oxley-Act of 2002 have been widely discussed. Most people have either a negative or a ambivalent view of the resulting compliance activities.
Usually S-OX is seen in the domain of the accounting and finance departments. Effects on other corporate functions are often neglected.
The article by Kros and Nadler (2010) analyzes why and how supply chain professionals and supply chain activities might be affected by S-OX.
Jiang et al. (2009) wrote about job dissatisfaction of workers at suppliers in developing countries.
Goal & Methodology
The goal of the study was to analyze risk in a global supply chain, especially originating from labor dissatisfaction and turnover. The results were obtained using a survey of workers in the Chinese Pearl River Delta region. The methodology is presented precisely and comprehensively.
