Management of technical and performance risk... system engineering

1998 ◽  
Author(s):  
C. Hayward-Williams
Keyword(s):  
System Engineering ◽  
Performance Risk ◽  
And Performance

Indian consumers’ risk perception in buying green products: the case of LED light bulbs

2018 ◽  
Vol 30 (4) ◽  
pp. 927-951 ◽  
Author(s):  
Sujit Kumar Ray ◽  
Sangeeta Sahney
Keyword(s):  
Risk Perception ◽  
Financial Risk ◽  
Social Risk ◽  
Green Products ◽  
Content Type ◽  
Performance Risk ◽  
Indian Consumers ◽  
And Performance ◽  
Psychological Risk ◽  
Overall Risk

PurposeThe purpose of this paper is to examine how the various perceived risk facets such as financial risk, performance risk, psychological risk, social risk, and physical risk influence the Indian consumers’ perceived overall risk during the purchase of green products such as energy-efficient LED light bulbs.Design/methodology/approachA self-administered questionnaire comprising a total of 29 items was employed over a sample of 272 respondents. The structural equation modeling using partial least squares was used for data analysis.FindingsPsychological risk emerged as the most influential of the various risk facets in affecting perceived overall risk. Financial, physical, and performance risks emerged as the second, third, and fourth most influential risk facets, respectively, which affect the perceived overall risk. Surprisingly, social risk did not emerge as an influential facet when it comes to affecting perceived overall risk. Further, psychological and financial risks appeared to have a positive medium-level influence on the perceived overall risk, whereas physical and performance risks appeared to have a positive weak influence on the perceived overall risks. The influence of financial risk on the perceived overall risk was found to be partially mediated by performance risk.Originality/valueThe study is unique in the sense that it reflects the risk perception of potential consumers in one of the largest emerging markets of the world, when it comes to purchase of green products.

THE EFFECTS OF PERCEIVED RISK ON THE WORD-OF-MOUTH COMMUNICATION DYAD

2006 ◽  
Vol 34 (10) ◽  
pp. 1207-1216 ◽  
Author(s):  
Tom M. Y. Lin ◽  
Cheng-Hsi Fang
Keyword(s):  
Perceived Risk ◽  
Financial Risk ◽  
Word Of Mouth ◽  
Negative Relationship ◽  
Social Risk ◽  
Positive Effects ◽  
Performance Risk ◽  
Expected Performance ◽  
And Performance ◽  
Product Familiarity

This study examined the effects of perceived risk on the sender and the receiver of word-of-mouth (WOM) communication. Regression analysis of 675 questionnaires administered in Taiwan metropolitan areas confirmed that financial risk and performance risk have significant positive effects on WOM's influencing of the receiver's purchase decision, whereas social risk and psychological risk have significant positive effects on the sender's intention of WOM spread. Product familiarity was identified as a moderator of the relationship between expected performance risk and WOM spread. There was a negative relationship between expected performance risk and WOM spread when people were unfamiliar with the product.

Information Display in the Intensive Care Unit – Considerations for System Design and Implementation

2017 ◽  
Vol 6 (1) ◽  
pp. 111-115
Author(s):  
Yuval Bitan ◽  
Janene H. Fuerch ◽  
Steven D. Harris ◽  
Keith S. Karn ◽  
Louis P. Halamek ◽  
...  
Keyword(s):  
Intensive Care ◽  
Information Integration ◽  
Panel Discussion ◽  
System Engineering ◽  
Cognitive System ◽  
Information Display ◽  
Performance Requirements ◽  
Continuous Care ◽  
Ongoing Work ◽  
And Performance

Healthcare working environments are complex, and intensive care units (ICUs) are particularly complex due to the influx of data to the healthcare professionals who are providing continuous care to the most critically ill patients. Systems that are designed to work in these environments should take into consideration varied patient conditions, the clinical professionals who use these systems, and the features and performance requirements that will support their efforts to provide care to their patients. We suggest that developing systems that will meet these challenges requires customized design approach, including cognitive system engineering. Until recently, this work domain has been largely ignored by manufacturers of patient monitoring systems. This panel brought together two separate teams who have been using such an approach independently to design new systems for information integration and display in ICU settings. The goals of this panel discussion were to take a close look at the tools and methods that are being used for such a cognitive system engineering approach to the design processes, and to review the recommendations and concepts that are emerging from these processes from each of the two independent teams. This paper summarizes the presentations made during the panel by the two teams regarding updates of ongoing work followed by a lively discussion between panelists and the symposium participants in the audience. Each team had its unique design process that was customized to the specific target ICU, the available resources and goals. The designed systems have original features that evolve from the unique needs of the target unit, yet the designs also share some common features.

scholarly journals Sourcing from Suppliers with Financial Constraints and Performance Risk

2018 ◽  
Vol 20 (1) ◽  
pp. 70-84 ◽  
Author(s):  
Christopher S. Tang ◽  
S. Alex Yang ◽  
Jing Wu
Keyword(s):  
Financial Constraints ◽  
Performance Risk ◽  
And Performance

scholarly journals RESPONSES OF TURKISH CONSUMERS TO PRODUCT RISK INFORMATION IN THE CONTEXT OF NEGATIVE EWOM

2020 ◽  
Vol 21 (6) ◽  
pp. 1593-1609
Author(s):  
Ülfet Işçi ◽  
Hakan Kitapçi
Keyword(s):  
Purchase Intention ◽  
Financial Risk ◽  
Word Of Mouth ◽  
Product Category ◽  
Risk Information ◽  
Electronic Word Of Mouth ◽  
Performance Risk ◽  
Product Risk ◽  
And Performance ◽  
The One

This study explores the risk-based effects of negative electronic word-of-mouth (neWOM) perception (financial and performance risks) on electronic word-of-mouth (eWOM) credibility and purchase intention for promotion- and prevention-focused consumers. In this experimental study, a survey was conducted in which 344 people from Turkey participated. Automobiles were chosen as the subject of the survey because they are in the high-risk product category. The results from regression analysis show that the neWOM perception containing financial risk information plays a more significant role than the one containing performance risk in terms of the effect on eWOM credibility for both promotion- and prevention-focused consumers. Moreover, the neWOM containing performance risk has no effect on the eWOM credibility for promotion-focused consumers. When exposed to neWOM, the purchase intentions of both consumers are even more negatively affected by the neWOM information containing performance risk than the one with financial risk content. The results and future predictions are discussed.

scholarly journals SUPPLY CHAIN MANAGEMENT AND ITS PRACTICAL IMPACT

2021 ◽  
Vol 9 (2) ◽  
pp. 357-364
Author(s):  
Shreyansh Jain, Et. al.
Keyword(s):  
Supply Chain ◽  
Information Quality ◽  
Joint Decision ◽  
Future Studies ◽  
Independent Variables ◽  
Performance Risk ◽  
And Performance ◽  
The Impact ◽  
Practical Impact

This paper studied about the role of different independent factors on supply chain responsiveness. Here, we considered factors such as joint decision making, information quality and performance risk as three independent variables and supply chain responsiveness as a dependent variable. We tried to survey different supply chain professionals working in different sectors to have an unbiased image in our study. After applying Pearson corelation in our study, we understood the significance of our independent variables on supply chain responsiveness. The positive significance shows the importance of these factors while working on our dependent variable. All three relationships are showcasing either positive or strong corelation. Finally, we could infer that there are a lot more factors that we can take in to consideration for calculating the impact on supply chain responsiveness in future studies. This will definitely strengthen the case and will help in practical explanation.                       

scholarly journals The Quality of Relationship with Stakeholders, Performance Risk and Competitive Advantage in the Hotel, Restaurant and Café Market

2021 ◽  
Vol 12 (1) ◽  
pp. 198-221
Author(s):  
Vida Skudiene ◽  
Yuhua McCorkle ◽  
Denny McCorkle ◽  
Daniil Blagoveščenskij
Keyword(s):  
Emerging Markets ◽  
Competitive Advantage ◽  
Relationship Quality ◽  
Business Partners ◽  
Performance Risk ◽  
Negative Effect ◽  
And Performance ◽  
The Relationship ◽  
Positive Effect

While emerging markets have become an opportunity for companies in the less populated and saturated markets to expand their business, they also impose challenges for foreign partners’ competitive behavior. To offer the value that would be competitive in emerging markets, companies need to improve the quality of their relationship with business partners. Relationship quality may enhance the probability of continued interchange between companies and their stakeholders, leading to increased attractiveness for the emerging markets’ economy. This research explores antecedents (communication and relationship longevity) of relationship quality with stakeholders (suppliers, customers, and employees) and how the relationship quality with three stakeholders impacts the company’s performance risk and competitive advantage in the Lithuanian hotel, restaurant, and café market. The findings suggest that communication and relationship longevity have a positive effect on relationship quality with all three stakeholders. A higher level of relationship quality with stakeholders has a more positive effect on competitive advantage and a more significant negative effect on performance risk. The study expands the understanding of relationship quality antecedents (communication and relationship longevity) and relationship quality with customers, suppliers, and employees in terms of competitive advantage and performance risk in the less populated and saturated hotel, restaurant, and café market seeking expansion to emerging markets.

scholarly journals Managing Risks in Offshore Outsourcing Relationships with China: A Relational View

2021 ◽  
Author(s):  
◽  
Yiying Zhang
Keyword(s):  
Conceptual Model ◽  
Social Exchange ◽  
Online Survey ◽  
Offshore Outsourcing ◽  
Relational Approach ◽  
Mediating Role ◽  
Performance Risk ◽  
Management Approaches ◽  
And Performance ◽  
Relational Risk

<p>Over the past two decades, offshore outsourcing to emerging economies, such as China, has been viewed by firms as an efficient way to gain competitive advantage. Literature indicates that offshore outsourcing can enhance firms’ competitiveness and efficiency by reducing costs, expanding relational ties, freeing up scarce resources, and leveraging capabilities. However, the research relating to risk management of offshore outsourcing relationships has not been widely reflected in extant literature. This study addresses this research gap by developing a conceptual model that examines the association between management approaches and the risks in offshore outsourcing relationships. This study applies two types of risks being relational risk and performance risk, as dependent variables. Based on social exchange theory and transaction cost theory, this study proposes two management approaches to minimise risks in offshore outsourcing relationships, which are the relational approach and the transactional approach. Empirical testing of the conceptual model employed a quantitative approach using an online survey of 41 managers from Australia and New Zealand. The survey data was analysed using a multiple regression technique, which revealed four valuable findings. Firstly, a higher level of relational risk leads to a higher level of performance risk. Secondly, the relational approach, based on interdependence of outsourcing exchange firms, can reduce performance risk. Thirdly, an increased level of relationship-specific investments contributes to the rise of performance risk. More importantly, the survey results show that relational risk plays a mediating role between relational factors and performance risk. This study recommends that offshore outsourcing firms employ the relational approach to manage performance risk. The mediating role of relational risk also indicates that firms should not just concentrate on minimising the performance risks of offshore outsourcing relationships, but should also manage relational risks due to uncooperative behaviours such as opportunism.</p>

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