Jyoti Navare

Port risk management and public private partnerships: factors relating to risk allocation and risk sustainability

Ports are complex operations involving government and private-sector partners in creating economic benefits and in identifying, managing and absorbing economic, environmental and security risks. Allocation and assessment of risks is necessitated and facilitated by the diversity of organisations involved. Allocation of the cost of risks among the partners or its transfer to outside agencies through insurance or financing arrangements is essential. However, this allocation is not purely a function of attributes of the risks themselves and their controllability by each of the partners but depends in part on factors such as power structures within partnerships and capacity to absorb risks.

Process or behaviour: which is the risk and which is to be managed?

Based on the belief that it is behaviour which constitutes risk rather than procedures, the paper focuses on the awareness of behavioural aspects in risk management techniques and the consequences that arise out of this awareness. It questions the traditional thinking that risk management is predominantly a set of procedures in the control of risk. The paper also considers the part played by public policy in managing risk and changing behaviour. The paper concludes that it is behaviour, and not the set of procedures, which is the risky factor; therefore in risk management there is need to focus on developing human behaviour that is capable of being flexible in an event.

Exploring the relationship between risk management and adoptive innovation: A case study approach

Adoptive innovation becomes increasingly important in today’s competitive world. However, in the presence of current economic downturn, cautions are voiced against potential risks; these innovative activities can bring to from firm to country level. Our research addresses such concerns. The research is drawn from two key streams of literature: risk management and innovation management. We developed a conceptual framework that consists of three components: risk behaviour, environmental conditions and adoptive innovative (REAI). Applying the REAI framework, we examined the risk management efficacy of adoptive innovation activities of one organisation under a historical perspective. We conclude that although adopters have a high tolerance for managing uncertainty and appetite for risk taking in line with competitors, there are two key elements that deter mine the performance of such behaviour: level of environmental turbulence and the role of senior management. It is the first time research determining the relationship between risk and adoptive innovative behaviour is being undertaken and will also provide direct guidance for managers regarding how to manage risk and uncertainty under different circumstances of their innovative practices.

Governance and Risk Management of Network and Information Security: The Role of Public Private Partnerships in Managing the Existing and Emerging Risks

Globalisation and new technology has opened the gates to more security risks. As the strategic importance of communication networks and information increased, threats to the security and safety of communication infrastructures, as well as information stored in and/or transmitted increased significantly. The development of the self replicating programmes has become a nightmare for Internet users. Leading companies, strategic organisations were not immune to attacks; they were also “hacked” and overtaken by intruders. Incidents of recent years have also shown that national/regional crisis may also trigger cyber attacks at large scale. Experts forecast that cyber wars are likely to take the stage as tension mounts between developed societies. New risks such as cyber-attacks, network terrorism and disintegration of traditional infrastructures has somewhat blurred the boundaries of operation and control. This paper seeks to consider the risk management and governance and looking more specifically at implications for emerging economies.

Financial aggregation of risks for MSMEs in developing economies: a conceptual framework of financial aggregation and microinsurance effects: Global Perspectives

Business vulnerability is a function of the extent of risks faced and the ability of the business to adapt to adverse changes in circumstances. Financial Aggregation arises out of the link between economic interactions at the micro level and their macro based risks Microbusinesses in developing countries are often highly vulnerable to a range of risks including natural disasters, corruption, poor weather conditions and illness. This vulnerability creates a need for insurance but ability to take out appropriate insurance is frequently limited by financial resources, availability of insurance policies and information on these policies and financial education levels. On the supply side, microinsurers are faced with high marketing and administrative costs and the microinsurance market is further distorted by information asymmetries, adverse selection and moral hazards. This limits interest in the microinsurance market from commercial providers, with microinsurance frequently being available through non-profit agents. This paper investigates the relationship between vulnerability, risk appetite of microbusinesses and their propensity to insure. In building a conceptual framework, we explore the factors that impact financial aggregation and the uptake of microinsurance. We observe additionally that improved financial education and more effective information may help to increase the extent and quality of microinsurance.

MicroFinancial Services and Risk Management for Food Security: A Vulnerable Household Perspective

Microfinance has been perceived as a positive force in stimulating entrepreneurship, and regional and national development. Essentially there is a strong belief that other than narrowing the gap between the rich and the poor, access to microfinance creates a culture or a movement towards social responsibility for the subset of the population that is subjected to both social and financial exclusion. There is evidence supporting the fact that microfinancial services can promote food security and income and consumption smoothing for vulnerable households. However, there seem to be problems that cannot be ironed out just by providing access to these services as vulnerable householders are subjected to immense social and financial pressures. Nevertheless, there are mechanisms supporting vulnerable groups to be more empowered and enabling capacity build to overcome income and consumption shocks and thus reducing vulnerability.

Guest Editors’ Introduction: Advancing the Scholarship on Corporate Identity and Corporate Branding

Abstract: This article introduces the special issue on corporate identity and corporate branding. It presents a brief overview of six articles that further the developments of the corporate branding concept and the “brand-strategic management”-link, particularly from a brand identity perspective. We thank International Studies of Management & Organization for providing us with this platform.

Guest Editors’ Introduction: The State of the Art on Corporate Reputation: A Special Section

Abstract This article provides an overview of our special issue on corporate reputation. Our aim is to present state-of-the-art research in the management and organization context that focuses on the corporate reputation of organizations. We propose that researchers must adopt a more branding-oriented mindset and emphasize more systematically the corporate reputation concept as part of the broader organization management efforts. The special issue contains five articles from renowned scholars and it is hoped that these articles will encourage further debate in this interesting research field of corporate reputation. We thank International Studies of Management & Organization for providing us with this platform.

Changing Risk Patterns and Behaviour: Regulator and Market Failure in the Provision of Pensions

Focuses on the risk behavior of public and private pension providers and savers. Factors affecting risk behavior; Cause factors which have affected provider behavior that led to market failure and stricter regulatory regime; Risk issues that remain irrespective of the relationship between the regulator and the general public.