Risk Management Strategy Influencing on Organizational Survival: An Empirical Study of Community Enterprises in Loei Province
Keywords:
Risk Management Strategy, Organizational Creativity, Organizational Flexibility, Organizational Innovation, Organizational Success, Organizational SurvivalAbstract
The purpose of this study was to examine risk management strategy influencing on organizational survival: an empirical study of community enterprises in Loei through the consequential factors, namely, organizational creativity, organizational flexibility, organizational innovation and organizational success in order to achieve organizational survival. OLS regression analysis is use to analyze the relationships among these variables by using data from 110 community enterprises in Loei. The result indicated that 10 dimensions of factors that affect the success of risk management strategy of community enterprise. The results have a positive impact on the performance of all community enterprises and that has the most significant positive impact is the information technology competency, followed by the organizational climate, business experience and organizational resource readiness. Risk management strategy influencing on capability or organization, and respond to the operation and strategic objective of organization.
References
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สำนักงานบริหารมาตรฐานผลิตภัณฑ์ชุมชน สำนักงานมาตรฐานผลิตภัณฑ์อุตสาหกรรม. (2558). รายชื่อวิสาหกิจชุมชนที่ได้รับการรับรองคุณภาพผลิตภัณฑ์ชุมชน จังหวัดเลย. ค้นเมื่อ 17 กุมภาพันธ์ 2559, จาก http://www.tisi.go.th.
สำนักงานเลขานุการคณะกรรมการส่งเสริมวิสาหกิจชุมชนจังหวัดเลย. (2554). รายงานข้อมูลวิสาหกิจชุมชนจังหวัดเลย ข้อมูลประกอบตัวชี้วัดเกษตรจังหวัดรอบที่ 2/2554. เลย: สำนักงานเกษตรจังหวัดเลย.
Aaker, D.A., Kumar, V. & Day, G.S. (2001). Marketing research. 7th ed. New York: John Wiley and Sons.
Amabile, T. M. (1979). Effects of external evaluation on artistic creativity. Journal of Personality and Social Psychology, 25,23-37.
Amdam, R.P. (2014). Sharing knowledge in network organizations. Business Review. Andersen, P.H., Kragh, H., & Lettl, C. (2013). Spanning organizational boundaries to manage
creative processes : The case of the LEGO group. Industrial Marketing Management, 42(1), 125-134.
Armstrong, J.S. & Overton, T.S. (1979). Estimating Nonrespone Bias in Mail Surveys. Journal of Marketing Research, 14(3), 396-402.
Arnold, V., Tanya, B., Joseph, C. & Steve, G.S. (2011). The role of strategic enterprise risk management and organizational flexibility in Easing New Regulatory Compliance. International Journal of Accounting Information Systems. 12, 171-188.
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Capek, F.W. (2013). The experimentation imperative innovating at the pace of changing customer expectations. Customer Innovation, 1-5.
Chalatharawat, J., and Ussahawanitcakit, P. (2009). Accounting in formation usefulness for performance evaluation and its impact on the firm success : An empirical investigation of food manufacturing firm in Thailand. Review of Business Research, 9(2), 1-25.
Cheung, SO., Wong, P.S.P., Fung, Ada,S.Y., & Coffey, W.V. (2006). Predicting project performance through neural networks. International Journal of Project Management, 24(3), 207-15.
Chirico, F. (2008). The creation, sharing and transfer of knowledge in family business. Journal of Small Business and Entrepreneurship, 21(4), 413-433.
Damanpour, F. (1991). Organizational innovation : A meta-analysis of effects of determinants and moderators. Academy of Management Journal, 34, 555-90.
Danish, R.Q., Yasin M., Sadaf N., Hina A. & Hira H. (2013). Effect of knowledge sharing, participative decision making and transformational leadership on organizational performance. World Applied Sciences Journal, 24(10), 1339-1347.
Essinger J., Rosen J., editors. (1991). Using technology for risk management. England.
Figueira-de-Lemos, F., Jan, J., & Jan-Erik, V. (2011). Risk management in the internationalization process of the firm: A note on the Uppsala model. Journal of World Business. 46, 143-153.
Grant, R.M. (1996). Prospering in dynamically-competitive environments : Organizational capability as knowledge integration. Organizational Science, 7(4), 375-87.
Hair, Jr. J.F., Babin, B.J., & Anderson, R.E. (2010). Multivariate data analysis : A global perspective 7th ed. New Jersey : Pearson Prentice Hall.
Ionescu, V.C., Viorel, C. & Elena D. (2012). Flexible organization. Global Business and Management Research : An International Journal, 4(3&4), 277-285.
Leiblein, M.J., Rener, J.J. & Dalsace, F. (2002). Do make or buy decision matter? The influence of organizational governance on technological performance. Strategic Management Journal, 23(9), 817-833.
Nadkarni, S. & Herrmann, P. (2010). CEO personality, strategic flexibility, and firm performance : The case of the Indian business process outsourcing industry. Academy of Management Journal, 53(5), 1050-1073.
Nonaka, I. (1994). A dynamic theory of organizational knowledge creation. Organization Science, 5(1), 14-37.
Nunnally, J.C. & Bernstein, I.H. (1994). Psychometric Theory. 3th ed. New York: McGraw-Hill.
Oldham, G. R. & Cummings, A. (1996). Employee creativity: Personal and contextual factors at work. Academy of management journal, 39(3), 607-634.
Pansuppawatt, P., & Ussahawanitchakit, P. (2011). Strategic organizational creativity of medical and cosmetic businesses in Thailand : An empirical investigation of the antecedents and consequences. International Journal of Strategic Management, 11(2), 1-25.
Quaadgras, A., Peter W. & Jeanne, W.R. (2014). Management commitments that maximize business impact from IT. Journal of Information Technology, 29, 114-127.
Rodrighez, E., & John S.E. (2011). Transferring knowledge of risk management to the board of directors and executives. Journal of Risk Management in Financial Institutions. 5(2), 162-180.
Verbano, C. & Karen, V. (2011). Development paths of risk management : Approaches, methods and fields of application. Journal of Risk Research. 14, 519-550.
Shirazi, A., Saeed M. & Naser, P.A. (2011). Factors affecting enployees’ readines for knowledge management. European Journal of Economics, 33, 167-177.
Slater, S.F., & Narver, J.C. (1995). Market orientation and the learning organization. Journal of Marketing, 59(7), 63-74.
Smith, H.A. & James, D.M. (2012). Instilling a shared-knowledge culture. Queens University School of Business Kingston, Ontario Canada
Szczepanski, R. & Justyna, S-S. (2012). Risk management system in business relationships – polish case studies. Industrial Marketing Management. 1-10.
Tan, W.L. & So-Jin Y. (2013). Organizational learning platform and new product development. Singapore Management University, 1-12.
Thomke, S. (2013). Unlocking innovation through business experimentation. The European Business Review.
Zahra, S., Neubaum, D., & Larrenta, B. (2007). Knowledge sharing and technological capabilities : The moderating role of family involvement. Journal of Business Research, 60,1070-1979.
สำนักงานบริหารมาตรฐานผลิตภัณฑ์ชุมชน สำนักงานมาตรฐานผลิตภัณฑ์อุตสาหกรรม. (2558). รายชื่อวิสาหกิจชุมชนที่ได้รับการรับรองคุณภาพผลิตภัณฑ์ชุมชน จังหวัดเลย. ค้นเมื่อ 17 กุมภาพันธ์ 2559, จาก http://www.tisi.go.th.
สำนักงานเลขานุการคณะกรรมการส่งเสริมวิสาหกิจชุมชนจังหวัดเลย. (2554). รายงานข้อมูลวิสาหกิจชุมชนจังหวัดเลย ข้อมูลประกอบตัวชี้วัดเกษตรจังหวัดรอบที่ 2/2554. เลย: สำนักงานเกษตรจังหวัดเลย.
Aaker, D.A., Kumar, V. & Day, G.S. (2001). Marketing research. 7th ed. New York: John Wiley and Sons.
Amabile, T. M. (1979). Effects of external evaluation on artistic creativity. Journal of Personality and Social Psychology, 25,23-37.
Amdam, R.P. (2014). Sharing knowledge in network organizations. Business Review. Andersen, P.H., Kragh, H., & Lettl, C. (2013). Spanning organizational boundaries to manage
creative processes : The case of the LEGO group. Industrial Marketing Management, 42(1), 125-134.
Armstrong, J.S. & Overton, T.S. (1979). Estimating Nonrespone Bias in Mail Surveys. Journal of Marketing Research, 14(3), 396-402.
Arnold, V., Tanya, B., Joseph, C. & Steve, G.S. (2011). The role of strategic enterprise risk management and organizational flexibility in Easing New Regulatory Compliance. International Journal of Accounting Information Systems. 12, 171-188.
Baden-Fuller, C. & Volberda, H.W. (1997). Strategic renewal : How large complex organizations prepare for the future. International Studies of Management and Organization, 27(2), 95-120.
Cadez, S., & Guilding, C. (2008). An exploratory investigation of an integrated contingency model of strategic management accounting. Accounting, Organizations and Society, 33, 836-863.
Capek, F.W. (2013). The experimentation imperative innovating at the pace of changing customer expectations. Customer Innovation, 1-5.
Chalatharawat, J., and Ussahawanitcakit, P. (2009). Accounting in formation usefulness for performance evaluation and its impact on the firm success : An empirical investigation of food manufacturing firm in Thailand. Review of Business Research, 9(2), 1-25.
Cheung, SO., Wong, P.S.P., Fung, Ada,S.Y., & Coffey, W.V. (2006). Predicting project performance through neural networks. International Journal of Project Management, 24(3), 207-15.
Chirico, F. (2008). The creation, sharing and transfer of knowledge in family business. Journal of Small Business and Entrepreneurship, 21(4), 413-433.
Damanpour, F. (1991). Organizational innovation : A meta-analysis of effects of determinants and moderators. Academy of Management Journal, 34, 555-90.
Danish, R.Q., Yasin M., Sadaf N., Hina A. & Hira H. (2013). Effect of knowledge sharing, participative decision making and transformational leadership on organizational performance. World Applied Sciences Journal, 24(10), 1339-1347.
Essinger J., Rosen J., editors. (1991). Using technology for risk management. England.
Figueira-de-Lemos, F., Jan, J., & Jan-Erik, V. (2011). Risk management in the internationalization process of the firm: A note on the Uppsala model. Journal of World Business. 46, 143-153.
Grant, R.M. (1996). Prospering in dynamically-competitive environments : Organizational capability as knowledge integration. Organizational Science, 7(4), 375-87.
Hair, Jr. J.F., Babin, B.J., & Anderson, R.E. (2010). Multivariate data analysis : A global perspective 7th ed. New Jersey : Pearson Prentice Hall.
Ionescu, V.C., Viorel, C. & Elena D. (2012). Flexible organization. Global Business and Management Research : An International Journal, 4(3&4), 277-285.
Leiblein, M.J., Rener, J.J. & Dalsace, F. (2002). Do make or buy decision matter? The influence of organizational governance on technological performance. Strategic Management Journal, 23(9), 817-833.
Nadkarni, S. & Herrmann, P. (2010). CEO personality, strategic flexibility, and firm performance : The case of the Indian business process outsourcing industry. Academy of Management Journal, 53(5), 1050-1073.
Nonaka, I. (1994). A dynamic theory of organizational knowledge creation. Organization Science, 5(1), 14-37.
Nunnally, J.C. & Bernstein, I.H. (1994). Psychometric Theory. 3th ed. New York: McGraw-Hill.
Oldham, G. R. & Cummings, A. (1996). Employee creativity: Personal and contextual factors at work. Academy of management journal, 39(3), 607-634.
Pansuppawatt, P., & Ussahawanitchakit, P. (2011). Strategic organizational creativity of medical and cosmetic businesses in Thailand : An empirical investigation of the antecedents and consequences. International Journal of Strategic Management, 11(2), 1-25.
Quaadgras, A., Peter W. & Jeanne, W.R. (2014). Management commitments that maximize business impact from IT. Journal of Information Technology, 29, 114-127.
Rodrighez, E., & John S.E. (2011). Transferring knowledge of risk management to the board of directors and executives. Journal of Risk Management in Financial Institutions. 5(2), 162-180.
Verbano, C. & Karen, V. (2011). Development paths of risk management : Approaches, methods and fields of application. Journal of Risk Research. 14, 519-550.
Shirazi, A., Saeed M. & Naser, P.A. (2011). Factors affecting enployees’ readines for knowledge management. European Journal of Economics, 33, 167-177.
Slater, S.F., & Narver, J.C. (1995). Market orientation and the learning organization. Journal of Marketing, 59(7), 63-74.
Smith, H.A. & James, D.M. (2012). Instilling a shared-knowledge culture. Queens University School of Business Kingston, Ontario Canada
Szczepanski, R. & Justyna, S-S. (2012). Risk management system in business relationships – polish case studies. Industrial Marketing Management. 1-10.
Tan, W.L. & So-Jin Y. (2013). Organizational learning platform and new product development. Singapore Management University, 1-12.
Thomke, S. (2013). Unlocking innovation through business experimentation. The European Business Review.
Zahra, S., Neubaum, D., & Larrenta, B. (2007). Knowledge sharing and technological capabilities : The moderating role of family involvement. Journal of Business Research, 60,1070-1979.
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Published
08-03-2020
How to Cite
Palabud, K. . (2020). Risk Management Strategy Influencing on Organizational Survival: An Empirical Study of Community Enterprises in Loei Province . Journal of Accountancy and Management, 11(4), 61–80. Retrieved from https://so02.tci-thaijo.org/index.php/mbs/article/view/240343
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