Global Risk and Contingency Management Research in Times of Crisis

Summary

Vajjhala and Strang (2022) edited a volume of 16 chapters that examines how organisations and governments managed risk and contingency during crises such as the COVID-19 pandemic, economic and climate perils and terrorism. The chapters range across nations and industries, from petroleum and automotive risk models to cybersecurity, healthcare informatics and educational inequality, and offer business leaders lessons for future crises. Because the volume is an edited collection with heterogeneous methods and regional cases, its findings are chapter-specific and mostly pandemic-era.

Practical implication. Business leaders and policymakers can use the volume’s studies of decisions made during real crises as examples of what to do and what not to do in the next crisis.

The Problem

Organizations and governments faced COVID-19, economic, climate and terrorism crises with contingency plans that often failed.

The Approach

Edited volume of 16 chapters; chapter methods include inferential statistics with auditing theory, maturity-model development, financial time-series contagion analysis, Lean Six Sigma case study, conceptual and sociological analysis, and regional empirical studies.

The Core Contribution

The volume compiles evidence on risk and contingency management across nations and industries — from petroleum and automotive risk models to cybersecurity, healthcare informatics and educational inequality — offering business leaders lessons for future crises.

The Citation

Vajjhala, N. R., & Strang, K. D. (Eds.). (2022). Global Risk and Contingency Management Research in Times of Crisis. IGI Global. https://doi.org/10.4018/978-1-6684-5279-0 Copy APA

The summary, key coverage points, methods, implications and relevance notes on this page are this website’s own description of the book, written from the published description and table of contents. The official publisher description and citation details are given further down.

The book in detail

What question does this book address?

How have organisations and governments managed risk and contingency during crises such as the COVID-19 pandemic, economic and climate perils and terrorism, and what can business leaders learn for future crisis events?

What does the book cover?

Sixteen chapters examine risk and contingency management across nations and industries: crisis risk management across nations; petroleum-industry contingency planning using auditing theories and inferential statistics; a new risk-management maturity model for the automotive industry; contagion among Bitcoin, gold and oil markets; Lean Six Sigma risk management at a clean-energy plant; supply chain logistics risk mitigation; IT-industry risk assessment; blockchain for telecommunication carrier disputes; cybersecurity risk; healthcare informatics during COVID-19; big data analytics in Indian MSMEs; organisational risks to women’s professional growth in the UAE; distance learning and educational inequality in rural Ethiopia; real-estate wealth-building risk in Canada; and two chapters on the risk society, terrorism and COVID-19.

Why does it matter?

The pandemic tested organisational risk and contingency plans worldwide. Collecting studies of decisions made during real crises gives business leaders and policymakers examples of what to do and what not to do when the next crisis arrives.

Book at a glance

Publisher’s description

Risks can be identified, evaluated, and mitigated, but the underlying uncertainty remains elusive. Risk is present across all industries and sectors. As a result, organizations and governments worldwide are currently experiencing higher levels of risk and have had to make risky decisions during times of crisis and instability, including the COVID-19 pandemic, economic and climate perils, and global tensions surrounding terrorism. It is essential that new studies are undertaken to understand strategies taken during these times to better equip business leaders to navigate risk management in the future. Global Risk and Contingency Management Research in Times of Crisis examines the impact of crises including the COVID-19 pandemic, which has tested organizational risk and contingency management plans. It provides significant insights that should benefit business leaders on risk and contingency management in times of crisis. It emphasizes strategies that leaders can undertake to identify potential future risks and examines decisions made in past crises that can act as examples of what to do and what not to do during future crisis events. Covering topics such as auditing theories, risk assessment, and educational inequality, this premier reference source is a crucial resource for business leaders, executives, managers, decision makers, policymakers, students, government officials, entrepreneurs, librarians, researchers, and academicians.

Description as published by IGI Global.

Contents

1. In Crisis Risk Management Across Nations — Colin Read
2. Petroleum Industry Contingency Planning Using Auditing Theories and Inferential Statistics — Kenneth David Strang
3. Development and Application of a New Maturity Model for Risk Management in the Automotive Industry — Jose Irizar and Martin George Wynn
4. Does Contagion Effect of Bubbles and Causality Exist Among Bitcoin, Gold, and Oil Markets? — Remzi Gök
5. How Lean Six Sigma Risk Management Was Used at a Clean Energy Plant — Kenneth David Strang
6. Supply Chain Logistics Risk Mitigation — Edna Mngusughun Denga and Sandip Rakshit
7. Risk Assessment in the Information Technology Industry — K. Madhu Kishore Raghunath and S. L. Tulasi Devi
8. Minimizing Risk of Disputes Among Telecommunication Carriers With Blockchain Technologies — Evis Trandafili, Marenglen Biba, and Enes Cela
9. Cybersecurity Risk — Natasha Cecilia Edeh and Ibiene Idu
10. Healthcare Informatics During the COVID-19 Pandemic — Philip Eappen
11. Consequences in Acceptance and Application of Big Data Analytics in Micro, Small, and Medium Enterprises (MSMEs) in India — Rajasekhara Mouly Potluri
12. The Influence of Risks Associated With Organizational Factors on Women’s Professional Growth During COVID-19 in the UAE — Rajasekhara Mouly Potluri and Sophia Johnson
13. COVID-19 Pandemic, Distance Learning, and Educational Inequality in Rural Ethiopia — Degwale Gebeyehu Belay
14. Managing Risk in Wealth Building Through Residential Real Estate Business in Canada — Mahendra Singh Rawat and Mudit Singh Rawat
15. From the Risk Society to COVID-19 — Maximiliano Emanuel Korstanje
16. Terrorism, Automated Hosts, and COVID-19 — Maximiliano Emanuel Korstanje

Scope and limitations

• An edited collection with heterogeneous methods and regional cases; findings are chapter-specific and mostly pandemic-era.

Practical implications

• Business leaders can draw on the volume for strategies to identify potential future risks and for decisions made in past crises that can act as examples of what to do and what not to do.
• Managers and executives can find industry-specific risk studies in the volume, including petroleum contingency planning with auditing theories, an automotive risk-management maturity model and Lean Six Sigma at a clean-energy plant.
• Researchers studying risk management in crises should treat the volume’s findings as chapter-specific and mostly pandemic-era, because it is an edited collection with heterogeneous methods and regional cases.

Drawn from Vajjhala & Strang (2022), IGI Global, Advances in Logistics, Operations, and Management Science series, 388 pp.

When this research may be relevant

This book may be relevant to researchers studying enterprise and project risk management in crises, contingency planning and business continuity, COVID-19 organisational responses, financial-market contagion, and sector risk in energy, automotive, IT, telecommunications, healthcare and education.

Research topics addressed: risk management; contingency management; crisis management; COVID-19; risk assessment; auditing theories; maturity models; financial market contagion; Lean Six Sigma; supply chain logistics risk; IT industry risk; blockchain; cybersecurity risk; healthcare informatics; big data analytics in MSMEs; educational inequality; real estate risk; risk society

How to cite

APA 7

Vajjhala, N. R., & Strang, K. D. (Eds.). (2022). Global Risk and Contingency Management Research in Times of Crisis. IGI Global. https://doi.org/10.4018/978-1-6684-5279-0Copy APA citation

MLA 9

Vajjhala, Narasimha Rao, and Kenneth David Strang, editors. Global Risk and Contingency Management Research in Times of Crisis. IGI Global, 2022. https://doi.org/10.4018/978-1-6684-5279-0.Copy MLA citation

IEEE

N. R. Vajjhala and K. D. Strang, Eds., Global Risk and Contingency Management Research in Times of Crisis. IGI Global, 2022, doi: 10.4018/978-1-6684-5279-0.Copy IEEE citation

@book{vajjhala2022global,
  title = {Global Risk and Contingency Management Research in Times of Crisis},
  editor = {Vajjhala, Narasimha Rao and Strang, Kenneth David},
  series = {Advances in Logistics, Operations, and Management Science},
  isbn = {9781668452813},
  year = {2022},
  publisher = {IGI Global},
  doi = {10.4018/978-1-6684-5279-0},
  url = {https://doi.org/10.4018/978-1-6684-5279-0}
}

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TI  - Global Risk and Contingency Management Research in Times of Crisis
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ED  - Strang, Kenneth David
T3  - Advances in Logistics, Operations, and Management Science
PY  - 2022
DA  - 2022/06/24
PB  - IGI Global
SN  - 2327-350X
DO  - 10.4018/978-1-6684-5279-0
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LA  - en
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