scholarly journals The hype of risk-based management control: A phronetic approach

2019 ◽  
Vol 9 (2) ◽  
pp. 18-33 ◽  
Author(s):  
Abdelmoneim Bahyeldin Mohamed Metwally ◽  
Hesham Ali Ahmed Ali ◽  
Ahmed Abdelnaby Diab ◽  
Khaled Hussainey
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Case Studies ◽  
Unintended Consequences ◽  
Management Control ◽  
Risk Society ◽  
Illusion Of Control ◽  
Future Research ◽  
Innovative Solutions ◽  
And Control

This paper provides a phronetic review of Risk Management (RM), and its relationship to Management Accounting and Control (MAC). Building on Flyvbjerg’s (2012) phronetic approach, we study Risk-Based Management Control (RBMC) to answer the phronetic four main questions: (1) Where are we going? (2) Who gains and who loses? (3) Is this desirable? (4) What should we do? This review starts its lines of enquiry from the growing fears in the late modernity and risk society (Beck, 1992; Giddens, 1990), that led to heterogenic reactions and unintended consequences which need exploring and revealing. Hence, we will explore whether this is a right reaction or whether it would give rise to an “illusion of control” fortified with some unintended consequences. The paper concludes that the emergency of RBMC led to heterogenic practices and various unintended consequences. These unintended consequences need further research to unpack innovative solutions that can create real effective RBMC. Moreover, the RBMC best practices are still blurred and undefined, this plea for, more case studies to unpack the actual practices and its problems. The novelty of this research is deploying the phronetic approach to understand and criticise RBMC current studies by explaining the reasons and directions for future research. This work would also be of interest to practitioners interested in risk conception, risk management, and management control.

Marketing on Tumblr

2017 ◽  
pp. 59-83
Author(s):  
Kristen Smirnov
Keyword(s):  
Social Media ◽  
Best Practices ◽  
Case Studies ◽  
Future Research ◽  
Choice Overload ◽  
Research Directions ◽  
Future Research Directions ◽  
Technical Features

Despite many demographic, behavioral, and technical features that should make it an appealing destination for social media marketers, the Tumblr platform has lagged in marketing adoption. This chapter discusses the site features that drive its potential, while also acknowledging the challenges that Tumblr presents. Contrasts are offered between the limited flexibility but easier adoption curve of other platforms such as Facebook and Twitter, with the phenomenon known as choice overload discussed as a possible explanation for non-Tumblr preferences. Three Tumblr case studies are presented in depth to illustrate best practices (Denny's diner chain and the musician Taylor Swift) and to warn against certain common pitfalls (Nordstrom). The chapter concludes with potential future research directions to pursue on this growing but underutilized platform.

Insider Threat Prevention, Detection and Mitigation

2009 ◽  
pp. 48-74 ◽  
Author(s):  
Robert F. Mills ◽  
Gilbert L. Peterson ◽  
Michael R. Grimaila
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Case Studies ◽  
Control Measures ◽  
Insider Threat ◽  
Security Measures ◽  
Ongoing Research ◽  
Unauthorized Access ◽  
Technical Control

The purpose of this chapter is to introduce the insider threat and discuss methods for preventing, detecting, and responding to the threat. Trusted insiders present one of the most significant risks to an organization. They possess elevated privileges when compared to external users, have knowledge about technical and non-technical control measures, and potentially can bypass security measures designed to prevent, detect, or react to unauthorized access. In this chapter, we define the insider threat and summarize various case studies of insider attacks in order to highlight the severity of the problem. We then discuss best practices for preventing, detecting, and mitigating insider attacks, to include application of risk management principles specific to the insider threat. Finally, we provide a survey of ongoing research into detecting irregular activities that are potentially harmful to an organization.

Branding as risk management

2015 ◽  
Vol 31 (10) ◽  
pp. 12-14
Keyword(s):  
Risk Management ◽  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
General Motors ◽  
Content Type ◽  
Pertinent Information ◽  
And Control ◽  
Opening Up ◽  
Practical Implications

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Many people believe that the key to successful marketing is control. Control over brand, control over communications and control over activities. It is hard to imagine Apple opening up its hardware or software to customers so that they could create their own designs on its products, isn’t it? Or General Motors for that matter. Or Pepsi. With pretty much any major brand you can think of, it is hard to imagine any of them ceding control. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Marketing on Tumblr

2018 ◽  
pp. 266-284
Author(s):  
Kristen Smirnov
Keyword(s):  
Social Media ◽  
Best Practices ◽  
Case Studies ◽  
Future Research ◽  
Choice Overload ◽  
Research Directions ◽  
Future Research Directions ◽  
Technical Features

Despite many demographic, behavioral, and technical features that should make it an appealing destination for social media marketers, the Tumblr platform has lagged in marketing adoption. This chapter discusses the site features that drive its potential, while also acknowledging the challenges that Tumblr presents. Contrasts are offered between the limited flexibility but easier adoption curve of other platforms such as Facebook and Twitter, with the phenomenon known as choice overload discussed as a possible explanation for non-Tumblr preferences. Three Tumblr case studies are presented in depth to illustrate best practices (Denny's diner chain and the musician Taylor Swift) and to warn against certain common pitfalls (Nordstrom). The chapter concludes with potential future research directions to pursue on this growing but underutilized platform.

scholarly journals IN A MODERN BUSINESS STRUCTURE, A RISK MANAGEMENT SERVICE IS PREFERRED

2020 ◽  
Vol 15 (20) ◽  
pp. 109-112
Author(s):  
Goderdzi Shanidze
Keyword(s):  
Risk Management ◽  
Early Stage ◽  
Risk Measures ◽  
Control Process ◽  
Developed Countries ◽  
Unintended Consequences ◽  
Management Control ◽  
Management Service ◽  
Essential Components ◽  
Modern Business

If we could identify a business risk in advance and solve it easily, business would probably lose its main charm. Risk is one of the essential components of business. Only proper identification of risks, their measurement - evaluation and selection of an effective method of reduction are not enough to improve risk management; It is necessary to develop an optimal organizational structure, develop an organizational culture and properly manage the risk management control process. In developed countries, almost all large and medium-sized organizations have a special link in the management system. "Risk Management Center", (Corporate governance) which helps accountable entities assess risks, develop and implement manipulation measures. The researches have proved that in some cases it is still strange to the Georgian business reality to take measures to evaluate risks and ways of their solution, which in some cases raises problems that lead to crucial results. Bankruptcy of foreign enterprises is not strange for the Georgian market, because in most cases they are unprepared to take risks and fail to take measures to solve them. Possible risks should be identified at an early stage of business formation to avoid unintended consequences. Modern tendencies show that it is desirable for companies to have a risk management service whose function will be to identify the expected risks, evaluate and offer anti-risk measures to managers. It is such companies that will show fewer losses from crisis.

scholarly journals Managing strategic risks from management control approach

2010 ◽  
Vol 7 (4) ◽  
pp. 9-13
Author(s):  
Xavier Sales
Keyword(s):  
Risk Management ◽  
Theoretical Work ◽  
Management Control ◽  
Financial Industry ◽  
Management Tools ◽  
Control Approach ◽  
Strategic Risk ◽  
Strategic Approach ◽  
Recent Financial Crisis ◽  
And Control

It is this conceptual paper’s intention to show the use of a management control approach to managing strategic risks. This theoretical work presents and conceptualizes strategic risk, categorizes strategic risks (examples taken from financial industry are used) and presents a management control framework to manage with these risks strategically. The paper illustrates the need to identify strategic risks proactively and to integrate risk management tools into overall company strategic management. It suggests that risk management is critical for an organization’s survival; it needs to have a company-wide strategic approach and backed by the top management of the organization. The paper also suggests that shareholders are ultimately responsible for the way the risks their companies face are managed. The recent financial crisis has generated a considerable amount of discussion around what regulators can do or could have done, while forgetting proper controls system by owners (shareholders) to influence and control the behavior of the managers of their own companies.

Risks of the organization: their accounting, analysis and control

2019 ◽  
Author(s):  
Татьяна Серебрякова ◽  
Tatyana Serebryakova ◽  
Ольга Гордеева ◽  
Ol'ga Gordeeva
Keyword(s):  
Risk Management ◽  
Internal Control ◽  
Management Control ◽  
Point Of View ◽  
Theoretical Research ◽  
Financial Control ◽  
Economic Control ◽  
Oriented Activity ◽  
And Control

The issues of correlation of control, risks, accounting and analysis in the management of any processes are still relevant, have not found a clear solution and need to be studied and clarified.The first Chapter integrates two approaches to understanding the essence of control: as a risk-oriented activity and management process. At the same time, modern management control doctrines are considered from the point of view of their economic component. This approach made it possible to determine the ways of their use in domestic economic control. The second Chapter is devoted to theoretical research in relation to internal economic control and its tools, during which the author formulated the categories of internal and external economic and financial control, their principles and features of methodological support. The third Chapter contains a description of the main risk management models and a critical assessment of the ratio of control and risk, the primacy of each category in relation to each other. The fourth Chapter discusses the institutional framework for risk management, management methods and tools, their features and interaction with internal control, accounting and analysis. The fifth Chapter describes control as the holder of control processes, including risk management.

scholarly journals A more effective audit after COSO ERM 2017 or after ISO 31000:2009?

2017 ◽  
Vol 4 (2) ◽  
pp. 73-82
Author(s):  
Alcina A. de Sena Portugal Dias
Keyword(s):  
Risk Management ◽  
Management Control ◽  
Future Research ◽  
Audit Process ◽  
Research Perspective ◽  
Iso 31000 ◽  
Financial Scandals

This paper seeks to consider the better effectiveness of an audit after the use of ERM 2017 or ISO 31000. To this effect, is COSO existence and evolution will be considered and related to the biggest financial scandals and its output in terms of control schedules. Some criticisms to COSO Cube will be pointed out, and the new ERM 2017 will be described.  ISO 31000 will be considered as an alternative guideline to be used for Risk Management purposes in any organization. A comparison is made between the two sets of Risk management. The audit process will be developed after grasping that the company has a risk management implemented in a more certain fashion, as objectives are different but schemes of risk management control are valid. In terms of future research perspective, one could suggest the identification of organizations using one scheme (ERM) or another (ISO), analysing them and comparing them in order to evaluate their particular effectiveness and accrued value. 

scholarly journals Relationship between Reactive and proactive Safety Indices: A Case Study in the Chemical Industries

2020 ◽  
Author(s):  
Heidar Mohammadi ◽  
Hamidreza Heidari ◽  
Shahram Arsang Jang ◽  
Mona Ghafourian ◽  
Ahmad Soltanzadeh
Keyword(s):  
Risk Management ◽  
Factor Analysis ◽  
Cross Sectional Study ◽  
Study Data ◽  
Management Control ◽  
Control Measures ◽  
Cross Sectional ◽  
And Control ◽  
Safety Indices ◽  
Proactive Safety

Background: Investigating the influence of various proactive factors on reactive indices in the chemical industries can result in providing preventive and control measures in these industries. This study was designed and conducted to measure the relationship between reactive and proactive safety indices in the chemical industry. Methods: This cross-sectional study was conducted in 2018 in 12 chemical industries. The study data were associated with a period of 5 years (2013-2017). Study data has been analyzed based on factor analysis using analytical software IBM SPSS AMOS v. 22.0. χ2 / df, RMSEA, CFI, NFI, and NNFA (TLI) indices were used to evaluate the model's goodness fit in this study. Results: The mean reactive indices of recurrence coefficient and accident severity in this study was 14.15(18.32) and 182.112(10.50) days, respectively. The exploratory factor analysis results determined that 16 indicator variables were categorized into 4 groups of proactive indices, including safety training, risk management, control of unsafe situations, and unsafe acts. Analyzing the confirmatory factor additionally confirmed that there is a significant relationship between the two groups of reactive and proactive indices in this study(P <0.05), and the goodness of model fit was also recognized appropriate (RMSEA = 0.055). Conclusion: This study's findings approved that the proactive indices affect the incidence and severity of accidents as safety reactive indices in the chemical industries. Also, the risk management proactive index and insecurity conditions were more effective than other indices.

Marketing on Tumblr

2017 ◽  
pp. 1171-1189
Author(s):  
Kristen Smirnov
Keyword(s):  
Social Media ◽  
Best Practices ◽  
Case Studies ◽  
Future Research ◽  
Choice Overload ◽  
Research Directions ◽  
Future Research Directions ◽  
Technical Features

Despite many demographic, behavioral, and technical features that should make it an appealing destination for social media marketers, the Tumblr platform has lagged in marketing adoption. This chapter discusses the site features that drive its potential, while also acknowledging the challenges that Tumblr presents. Contrasts are offered between the limited flexibility but easier adoption curve of other platforms such as Facebook and Twitter, with the phenomenon known as choice overload discussed as a possible explanation for non-Tumblr preferences. Three Tumblr case studies are presented in depth to illustrate best practices (Denny's diner chain and the musician Taylor Swift) and to warn against certain common pitfalls (Nordstrom). The chapter concludes with potential future research directions to pursue on this growing but underutilized platform.

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