Evaluation of Risk Management Maturity in the Czech Automotive Industry: Model and Methodology

Čech, Marek; Januska, Martin

doi:10.24818/ea/2020/55/824

Cited by 6 publications

(6 citation statements)

References 14 publications

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“…This has implications for theory; SCRMM appears to be more complex than a simple set of main dimensions. While studies have been published that developed maturity models, even those considering risk management (Florio, 2017;Spr ci c et al, 2017), these have generally focused on specific industries, projects within organizations, or processes internal to the organization ( Cech and Janu ska;Wood and Lewis, 2018;Spr ci c et al, 2017;Bendul and Skorna, 2016). Risk management constructs have even been advanced for aspects related to the SC (Ambulkar et al, 2015;Wang and Suhaiza, 2011;Thompson, 2009).…”

Section: Discussionmentioning

confidence: 99%

A scale for measuring organizational risk management maturity in the supply chain

Dellana

Rowe

Liao

2021

BIJ

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PurposeThe purpose of this research is to develop a validated general measure of supply chain risk management maturity (SCRMM) to assess organizational risk management maturity in the context of the supply chain (SC).Design/methodology/approachDimensions and statements measuring SCRMM were developed through a literature review and consultation with experts. The instrument was refined through a pilot study and a full-scale study of 140 SC managers in the USA. A final SCRMM instrument, consisting of 25 statements, was obtained through scale purification, exploratory factor analysis, reliability analysis, and confirmatory factor analysis of construct validity. Cluster analysis was conducted to characterize the organizational groupings with respect to the instrument dimensions.FindingsSCRMM was found to be comprised of the three main dimensions of SC Risk Management Orientation, Enterprise Risk Management Integration (ERMI), and SC Risk Collaboration. ERMI was found to be comprised of the three sub-dimensions of SC Risk Mitigation, Improvement of Risk Management Processes, and Organization Internal Risk Management. Cluster analysis revealed three groups characterized according to SCRMM as leaders, followers, and laggards.Research limitations/implicationsThe findings are based on a sample in the USA, so the SCRMM scale may not generalize to supply chains in other countries or geographic regions.Practical implicationsThe instrument provides a self-assessment and benchmark tool for businesses to advance their SC risk management through different stages of maturity.Originality/valueThis is a pioneering general instrument that treats risk management maturity of the organization in the context of the SC. Participants span many industries and SC positions.

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Section: Discussionmentioning

confidence: 99%

A scale for measuring organizational risk management maturity in the supply chain

Dellana

Rowe

Liao

2021

BIJ

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“…The reason for this belief is that most RMMMs associated in construction organizations depend on four levels to find the maturity of RM, or they lack a detailed explanation of the characteristics of each level. According to Čech and Januška [21], the use of four levels of maturity is not suitable for organizations that do not have experience in risk management, such as in developing countries. Also, the lack of a detailed explanation of each level for each attribute will create ambiguity about the exact level of maturity, especially in companies that lack experience in risk management, as is the case in developing countries.…”

Section: Maturity Level Criteriamentioning

confidence: 99%

“…The attributes and capabilities constitute the model's core. They will determine the model's meaning and function [21]. Excessive systematic literature reviews of 22 models dealing with the RMM were undertaken to derive capabilities.…”

Section: Attributes and Capabilitiesmentioning

confidence: 99%

Assessment of Construction Risk Management Maturity Using Hybrid Fuzzy Analytical Hierarchy Process and Fuzzy Synthetic Approach: Iraq as Case Study

Abed¹,

Rashid²

2023

MMEP

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Knowing and developing the construction organizations' maturity level in risk management is critical to ensure they achieve their strategic objectives. This paper aims to design a new construction organizations' risk-management maturity model (C.ORM3) using new hybrid techniques and a distinct validation strategy based on global and local experience, to assess risk management maturity level in developing countries. A multi-steps methodology was adopted in this research. The study adopted an excessive systematic literature reviews of 22 previous articles on RM maturity and four standards and guidelines for eliciting model components. These components include five attributes with 26 capabilities; 24 capabilities identified from literature review and 2 from experts. These capabilities are evaluated against five levels: immature, ad-hoc, standard, managed, and optimized. The authors adopted a new strategy for validating the model by three groups of global and local experts and verifying the proposed model in a realistic-world case study. This study is the first to use a hybrid method based on the Fuzzy Analytic Hierarchy Process (FAHP) and Fuzzy Synthetic Evaluation (FSE) techniques in evaluating RM maturity (RMM). Iraqi construction organizations validate the practicality of the model. The results showed that the overall RMM level of the Iraqi construction sector is 1.52, between immature and ad-hoc. The model has been converted into a computer template for ease of use by organizations. This study concluded that the suggested C.ORM3 helpful for construction organisations to evaluate their current state of RM and plan for future development.

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“…In foreign countries, scholars on the basis of considering the interaction of risk factors of supplier selection, comprehensively applied DEMATEL, FMEA and EDAS methods to construct a green supplier evaluation selection model [19]. Scholars used Delphi method and Lichter scale to construct a risk maturity assessment model to evaluate the risk management maturity of suppliers in the automotive industry [1]. Some scholars established a minimum risk model with budget and performance constraints with the goal of minimizing risks, and studied the group decision method for supplier selection [24].…”

Section: Introductionmentioning

confidence: 99%

Risk Evaluation and Selection of Lithium Power Battery Suppliers for New Energy Vehicles Based on TRIT Method

Hua¹,

Yu²,

Liang³

2022

Proceedings of the 2022 3rd International Conference on Management Science and Engineering Management (ICMSEM 2022)

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Aiming at the problem of power battery suppliers evaluation and selection from the perspective of risk, a two-stage risk assessment and selection model was constructed based on Trust Risk and Improved TOPSIS (TRIT method) focusing on lithium power battery suppliers to achieve the goal of improving the reliability of evaluation results and decision-making efficiency. Firstly, a preliminary screening model of suppliers evaluation under the influence of trust risk is established. Secondly, experts with high consensus degree preference are organized to form an internal low-risk decision-making team. Thirdly, a risk evaluation indexes system containing reverse logistics capability risk is established and the indexes weights are determined by fuzzy AHP method. Then, the improved TOP-SIS method is introduced in the secondary screening to evaluate the risk status of different suppliers, and the ranking results of the risk size of different suppliers are obtained, so as to assist enterprises to choose cooperation partners more scientifically and efficiently. Finally, taking the risk evaluation and selection of lithium battery suppliers of a new energy vehicle manufacturer as an example, the final selection results are analyzed and verified the feasibility and effectiveness of the proposed method.

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Evaluation of Risk Management Maturity in the Czech Automotive Industry: Model and Methodology

Cited by 6 publications

References 14 publications

A scale for measuring organizational risk management maturity in the supply chain

A scale for measuring organizational risk management maturity in the supply chain

Assessment of Construction Risk Management Maturity Using Hybrid Fuzzy Analytical Hierarchy Process and Fuzzy Synthetic Approach: Iraq as Case Study

Risk Evaluation and Selection of Lithium Power Battery Suppliers for New Energy Vehicles Based on TRIT Method

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