• Title/Summary/Keyword: strategic risk

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Risk Tolerance and Financial Satisfaction

  • Jeong, Woon-Young;Sherman D. Hanna
    • International Journal of Human Ecology
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    • v.5 no.1
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    • pp.35-43
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    • 2004
  • The purposes of this study are to examine effects of household characteristics and risk tolerance attitude on risk tolerance behavior and to investigate the effect of risk tolerance attitude and behavior on financial satisfaction. For this study, data were collected during October of 2001 through a popular Web site for women in South Korea (www.azoomma.com). The participants in this study were 609 housewives, resulting in 607 with usable data. Multiple regression and path analysis were conducted using the SPSS for Windows. Findings suggest that the greater is risk tolerance attitude, the greater is risk tolerance behavior and those who exhibit more risk tolerance behavior tend to be more satisfied with their personal financial situation. It implies that risk tolerance behavior playa positive role in predicting financial satisfaction. The results have implication for family economists and educators in developing educational program and presenting strategic to increases financial well-being, and also for financial counselors and planners in suggesting portfolio advice to their client

Nanotechnology and Occupational Health Addressing Potential Health Risks

  • Maynard Andrew
    • Proceedings of the Korea Environmental Mutagen Society Conference
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    • 2005.05a
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    • pp.21-26
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    • 2005
  • [ $\cdot$ ] Occupational safety and health is a key component of responsible nanotechnology $\cdot$ Nanotechnology challenges conventional approaches to addressing occupational safety and health risk $\cdot$ Nanomaterials and devices of concern include those capable of entering the body and causing harm as a result of their nanostructure $\cdot$ Proactive risk assessment and management requires extensive strategic research $\cdot$ Current knowledge provides a staring point for addressing risk

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Research on Risk-Based Piping Inspection Guideline System in the Petrochemical Industry

  • Tien, Shiaw-Wen;Hwang, Wen-Tsung;Tsai, Chih-Hung
    • International Journal of Quality Innovation
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    • v.7 no.2
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    • pp.97-124
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    • 2006
  • The purpose of this research is to create an expert risk-based piping system inspection model. The proposed system includes a risk-based piping inspection system and a piping inspection guideline system. The research procedure consists of three parts: the risk-based inspection model, the risk-based piping inspection model, and the piping inspection guideline system model. In this research procedure, a field plant visit is conducted to collect the related domestic information (Taiwan) and foreign standards and regulations for creating a strategic risk-based piping inspection and analysis system in accordance with the piping damage characteristics in the petrochemical industry. In accordance with various piping damage models and damage positions, petrochemical plants provide the optimal piping inspection planning tool for efficient piping risk prediction for enhancing plant operation safety.

Risk-Taking Decisions with Major IS Investment;System Downsizing Case

  • Shim, Seon-Young;Lee, Byung-Tae
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.339-344
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    • 2007
  • In the cut-throat competitive environment of business, large-scale IS investment is becoming inevitable strategic necessity for gaining competitive advantage. However. it bears great deal of risk over all the associated processes so that the investment decisions need to be taken in a greatly careful manner. Nonetheless, Korean organizations are prominently showing risk taking behaviors regarding major is investment, in terms of system downsizing. Although decision theory argues decision makers' rational choice of options through the assessment of risk and benefit, the notable trend toward system downsizing in Korea defies common understandings on IS project risk. Furthermore, it encourages us to investigate many impenetrable characteristics underlying organizational risk taking decisions with IS investment. We found out that there is Significant effect of IS decision makers' risk propensity when they make system downsizing decisions. Moreover. we Identified that IS decision makers do not get a strong pressure of cost savings and have tendencies to mimic competitor's decisions.

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Comparative Analysis of Risk Assessment Tools for Infectious Diseases (국외 감염병 위험도 평가체계의 비교분석)

  • Choi, Eunmi;Woo, Darae;Choe, YoungJune;Yeh, Jungyong;Park, Sangshin
    • Health Policy and Management
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    • v.32 no.4
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    • pp.380-388
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    • 2022
  • Background: Emerging infectious diseases, such as Middle East respiratory syndrome or coronavirus disease 2019, pose a continuous threat to public health, making a risk assessment necessary for infectious disease control and prevention. Therefore, we aimed to investigate the risk assessment methods for infectious diseases used by major foreign countries and organizations. Methods: We conducted an investigation and comparative analysis of risk assessment and risk determination methods for infectious diseases. The risk assessment tools included the strategic toolkit for assessing risks, influenza risk assessment tool, pandemic severity assessment framework, and rapid risk assessment methodology. Results: The most frequently reported risk elements were disease severity, antiviral treatment, attack rate, population immunity, and basic productive ratio. The risk evaluation method was evaluated quantitatively and qualitatively by the stakeholders at each institution. Additionally, the final risk level was visualized in a matrix, framework, and x and y-axis. Conclusion: Considering the risk assessment tools, the risk element was classified based on the duplicate of each indicator, and risk evaluation and level of risk assessment were analyzed.

A Causal Analysis of Conglomerate Bankruptcies

  • KU, Sang-Wuk;WHANG, Yun-Oh
    • The Journal of Economics, Marketing and Management
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    • v.8 no.1
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    • pp.12-19
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    • 2020
  • Purpose - Strategic causes for the failure include unrealistic growth, overexpansion, unfamiliar new markets, volume obsession, unrealistic promises and poor project selection. Organizational causes are insufficient capital and profits, lack of business knowledge, poor financial management, poor sales skills, inadequate marketing, poor leadership, poor leadership transfer, project losses, poor field performance and owner bankruptcy. Uncontrollable causes include industry and economic weakness and banking and surety changes. While helpful, the list provides insufficient clarity regarding the causal roots of failure. Research design, data and methodology - The research framework to organize the information involved with many of the recent and large failures in the industry. Results - This research then identified five dominant root causes - excessive egoism, poor strategic leadership, too much change, loss of discipline and inadequate capitalization. Conclusion - Finally, additional input from external forces may accelerate the firm's pace to failure. It is important on the development of diagnostic tools that are based on this model and that will provide new ways to assess a conglomerate's level of risk for incurring a financial crisis.

Development and Distribution of Risk Governance Framework in Terms of Socially Viable Solutions

  • Choi, Choongik;Choi, Junho
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.3
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    • pp.185-193
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    • 2018
  • This paper aims to explore the risk governance framework and socially viable solutions, attempting to provide guidance for the decision making process. The key idea of this study start with overcoming the limitations of IRGC risk governance framework, which mainly focuses on a comprehensive framework for risk governance. This article has employed SWOT analysis as a methodology, which is a strategic planning technique used to help identifying the strengths, weaknesses, opportunities, and threats related to business competition or risk management. In this paper, socially viable solutions as an alternative plan place emphasis on the adoption of concern assessment through a concerns table. It is also proposed that scoping has to get introduced, with SWOT analysis in the process. The results of this paper support that multiple stakeholders have to participate in the process of identifying and framing risk and communicating with each other, considering the context. It should be noted that communities can become involved and take important parts in decision making process in various ways. It is recommended that engaging stakeholders to both risk assessment and risk management is material to dealing with risk in a socially viable way. It also implies that the community-based disaster management should be better prepared for the decision making process in socially viable solutions.

Quantitative Risk Assessment in Major Smartphone Operating Systems in Asian Countries

  • Joh, HyunChul
    • Journal of Korea Multimedia Society
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    • v.17 no.12
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    • pp.1494-1502
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    • 2014
  • Since smartphones are utilized in the ranges from personal usages to governmental data exchanges, known but not patched vulnerabilities in smartphone operating systems are considered as major threats to the public. To minimize potential security breaches on smartphones, it is necessary to estimate possible security threats. So far, there have been numerous studies conducted to evaluate the security risks caused by mobile devices qualitatively, but there are few quantitative manners. For a large scale risk evaluation, a qualitative assessment is a never ending task. In this paper, we try to calculate relative risk levels triggered by software vulnerabilities from unsecured smartphone operating systems (Android and iOS) among 51 Asian countries. The proposed method combines widely accepted risk representation in both theory and industrial fields. When policy makers need to make a strategic decision on mobile security related agendas, they might find the presented approach useful.

The Impact of Customer Engagement on Perceived Value in the Context of E-commerce Livestreaming

  • Youcheng WANG
    • Journal of Distribution Science
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    • v.22 no.2
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    • pp.51-61
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    • 2024
  • Purpose: This comprehensive study delves into the intricate relationship between customer engagement, perceived risk, and perceived value within China's burgeoning e-commerce livestreaming sector. It focuses on how different customer engagement types in livestreaming influence their perception of value and risk. Research Design, Data, and Methodology: Adopting a convenience sampling approach, this research scrutinizes data collected from 852 consumers actively involved in e-commerce livestreaming shopping. Participants provided their insights through a meticulously designed questionnaire survey. Structural equation modeling helped examine the interplay between customer engagement, perceived risk, and value. Results: Significant impacts of customer engagement on perceived value and risk were found. Observation-based, conversation-based, and action-based engagements enhance perceived risk, while conversation-based and action-based engagement reduce perceived risk. Interestingly, observation-based engagement did not significantly affect perceived risk. The study also uncovered that perceived risk negatively impacts perceived value. Conclusions: The research offers insights into customer behavior and value creation in e-commerce livestreaming. It underscores how different engagement types affect perceived value and risk, aiding e-commerce platforms and businesses in strategy development to improve customer experience and minimize risks, enhancing perceived value in this dynamic sector. Enhances understanding of customer engagement dynamics in China's e-commerce livestreaming, guiding strategic development.

Risk Management Software Utilization in the Singapore Construction Industry: Evaluation and Improvement

  • Hwang, Bon-Gang;Chua, Pee Mee
    • Journal of Construction Engineering and Project Management
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    • v.1 no.2
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    • pp.28-36
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    • 2011
  • Risk management is popularly and widely used in various industries to handle uncertainty that can negatively affect their businesses. While in the current Information-Technology oriented age, software packages are designed to assist in carrying out risk management processes, the construction industry does not seem to have software that is tuned to its specific characteristics and processes. Therefore, this study first explores the types of software that are commonly used for risk management in the Singapore construction industry. Also, using one-sample t-test, it is tested if the software programs used in the construction industry have effectively catered the needs of the users. For the analysis, a survey questionnaire was developed and the representatives from 34 companies participated in the survey. Furthermore, this study also makes use of the current risk management framework defined in ISO31000 to design a risk management software algorithm that can suit the needs for the Singapore construction industry. The results from this study will contribute to identifying strategic areas, in terms of use of risk management software, on which the industry needs to focus, ultimately enhancing their performance of risk management.