ENTERPRISE RISK MANAGEMENT IMPLEMENTATION CHALLENGES: A CASE STUDY IN A PETROCHEMICAL SUPPLY CHAIN
DOI:
https://doi.org/10.7166/29-4-1782Keywords:
Enterprise risk management, challenges, supply chain management, case studyAbstract
Organisations have adopted various risk management approaches to minimise or eliminate the negative impact of risk. One such approach is enterprise risk management (ERM). However, implementation challenges can render such approaches less effective. The purpose of this single case study was to explore the ERM implementation challenges in the supply chain of a petrochemical firm. Semi-structured interviews were used as a data collection method. The findings indicated that misalignment exists in the organisation between the respective key stakeholders responsible for, or influential in, ERM implementation. The study found that rigid implementation of ERM without appropriate adaptation to suit the needs and strategy of a complex supply chain of a petrochemical business impacts on its success.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish in the Journal agree to the following terms:- Authors retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this Journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the Journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this Journal.
