The Paradox of Risk Management: A Supply Management Practice Perspective

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

How are risks managed in organizations? A conformist answer to this question is that all the plausible risks are first identified, then assessed and finally mitigated or treated. Grounded on a single in-depth case study of a leading global manufacturing organization and anchored in David Whetten’s framework for theoretical contributions, this chapter reveals that risk management in practice is not as holistic, single-level and time-independent activity as it is presumed to be in the theory and widely referred to standards. The findings suggest that different risks are managed using a multitude of methods during diverse activities within the supply management process by different personnel positioned at various hierarchical levels of the organization. Consequently, this paper contributes to an alternative understanding of risk management , referred to as the paradox of risk management which is a fragmented, multilevel and time-dependent process. Though this chapter draws on a single case of a large global organization and reveals risk management from the supply management practice perspective, the results may plausibly be valid for other large organizations operating in the supply chain context. As a result, this paper is expected to support the research community in developing practically rational models as well as provide assistance to managers of large complex organizations in forming a holistic understanding of supply chain risk management.
Original languageEnglish
Title of host publicationRevisiting Supply Chain Risk
EditorsGeorge A. Zsidisin, Michael Henke
PublisherSpringer, Cham
Publication date2019
Pages421-437
ISBN (Print)978-3-030-03812-0
ISBN (Electronic)978-3-030-03813-7
DOIs
Publication statusPublished - 2019
MoE publication typeA3 Book chapter

Publication series

NameSpringer Series in Supply Chain Management
Volume7

Keywords

  • 512 Business and Management
  • supply risk management
  • supply chain risk management
  • supplier risk
  • empirical study

Fingerprint

Dive into the research topics of 'The Paradox of Risk Management: A Supply Management Practice Perspective'. Together they form a unique fingerprint.

Cite this