art16 - Organizational Risk Management – A Case Study in...

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Organizational Risk Management – A Case Study in Companies that have won the Brazilian Quatity Award Prize Luiz Carlos Di Serio 1 , Luciel Henrique de Oliveira 2 , Luiz Marcelo Siegert Schuch 3 Abstract Supply chain optimization, company interdependency and the establishment of global operating networks have all made companies more susceptible to uncertainty and risk. Literature on the subject lacks analysis of how companies have implemented these systems and what the results have been. This paper describes the implementation of Enterprise Risk Management (ERM) in three Brazilian world-class companies and evaluates the hindrances and facilitating factors. It also considers the results achieved in performance and company culture. Finally, we propose a model associating the benefits of risk management to the level of organizational transformation. Keywords: Enterprise risk management (ERM); risk management; organizational transformation; operating risks, ruptures in the supply chain. Journal of Technology Management & Innovation 1 Departamento de Administração da Produção e de Operaçoes (POI) EAESP- Escola de Administração de Empresas de São Paulo Fundação Getúlio Vargas - FGV Rua Itapeva, 474 - 8° andar 01332-000 São Paulo, SP - Brazil. Tel: (5511) 3799-7780 Fax: (5511)3262-3682 Email: [email protected] 2 Departamento de Administração da Produção e de Operaçoes (POI) EAESP- Escola de Administração de Empresas de São Paulo Fundação Getúlio Vargas - FGV Rua Itapeva, 474 - 8° andar 01332-000 São Paulo, SP - Brazil. Tel: (5511) 3799-7780 Fax: (5511)3262-3682 Email: [email protected] 3 Departamento de Administração da Produção e de Operaçoes (POI) EAESP- Escola de Administração de Empresas de São Paulo Fundação Getúlio Vargas - FGV Rua Itapeva, 474 - 8° andar 01332-000 São Paulo, SP - Brazil. Tel: (5511) 3799-7780 Fax: (5511)3262-3682 Email: [email protected] ISSN: 0718-2724. (http://www.jotmi.org) Journal of Technology Management & Innovation © Universidad Alberto Hurtado, Facultad de Economía y Negocios Received February 16, 2011 /Accepted April 12, 2011 J. Technol. Manag. Innov. 2011, Volume 6, Issue 2
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J. Technol. Manag. Innov. 2011, Volume 6, Issue 2 ISSN: 0718-2724. (http://www.jotmi.org) Journal of Technology Management & Innovation © Universidad Alberto Hurtado, Facultad de Economía y Negocios 231 1. Introduction In the organizational field, risk management has only recently featured in executives’ agendas, changing the perception in the process that this discipline is restricted to insurance experts (CAVINATO, 2004). The optimization of supply chains, more company interdependency prompted by the evolution of lean manufacturing, and the establishment of global supply networks have increased companies’ exposure to different types of uncertainties and consequently, to greater risk (HARLAND et al, 2003). According to the Global Risks 2008 report, published by the World Economic Forum, the main current risks stem from supply chains, the financial system, food safety, and issues related to energy availability and use.
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