International Journal of Business Continuity and Risk Management http://www.inderscience.com/browse/index.php?journalID=333&year=2011&vol=2&issue=4 Inderscience Publishers Ltd en-uk International Journal of Business Continuity and Risk Management 1758-2164 1758-2172 © 2011 Inderscience Publishers Ltd editor@inderscience.com https://www.inderscience.com/images/files/coverImgs/ijbcrm_scoverijbcrm.jpg http://www.inderscience.com/browse/index.php?journalID=333&year=2011&vol=2&issue=4 http://www.inderscience.com/link.php?id=44405 Implementing risk management remains a significant challenge for many organisations. In order to help address this issue, risk management maturity models have become an important tool for improving and assessing organisational risk capability. In this paper, we present a critical review of the existing literature on risk management maturity models. Drawing on existing theory, we challenge current conceptions of organisational culture and reveal assumptions that are commonly implied but rarely acknowledged. We offer a new conception of organisational risk management maturity that takes into consideration both the extent to which risk behaviour is coordinated across the whole organisation and the depth to which risk management is embedded in its' culture. Our aim in producing a theoretically informed conceptualisation of risk maturity is to help provide explanation, synthesis and cohesion in a fragmented field and to help make risk maturity research more relevant and valuable to risk practitioners. Risk management pervasiveness and organisational maturity: a critical review
Craig Mauelshagen; Sophie Rocks; Simon Pollard; David Denyer
International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 305 - 323
Implementing risk management remains a significant challenge for many organisations. In order to help address this issue, risk management maturity models have become an important tool for improving and assessing organisational risk capability. In this paper, we present a critical review of the existing literature on risk management maturity models. Drawing on existing theory, we challenge current conceptions of organisational culture and reveal assumptions that are commonly implied but rarely acknowledged. We offer a new conception of organisational risk management maturity that takes into consideration both the extent to which risk behaviour is coordinated across the whole organisation and the depth to which risk management is embedded in its' culture. Our aim in producing a theoretically informed conceptualisation of risk maturity is to help provide explanation, synthesis and cohesion in a fragmented field and to help make risk maturity research more relevant and valuable to risk practitioners.

]]> 10.1504/IJBCRM.2011.044405 International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 305 - 323 Craig Mauelshagen; Sophie Rocks; Simon Pollard; David Denyer The Collaborative Centre of Excellence in Understanding and Managing Natural and Environmental Risks, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK. ' The Collaborative Centre of Excellence in Understanding and Managing Natural and Environmental Risks, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK. ' The Collaborative Centre of Excellence in Understanding and Managing Natural and Environmental Risks, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK. ' Cranfield School of Management, Cranfield University, Cranfield, MK43 0AL, UK maturity models pervasiveness risk culture risk behaviour enterprise risk management organisational culture organisational maturity organisational risk capability. 2011-12-24T23:20:50-05:00 2 4 305 323 2011-12-24T23:20:50-05:00 http://www.inderscience.com/link.php?id=44406 Two agents make a trade-off between production and safety investment, fighting for joint production. Ceteris paribus, if agent 1 has a higher unit cost of production, lower emphasis on safety causes more fighting and higher utility for agent 1, and less production and safety effort by agent 1. Production, safety, fighting, and risk
Kjell Hausken
International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 324 - 329
Two agents make a trade-off between production and safety investment, fighting for joint production. Ceteris paribus, if agent 1 has a higher unit cost of production, lower emphasis on safety causes more fighting and higher utility for agent 1, and less production and safety effort by agent 1.

]]> 10.1504/IJBCRM.2011.044406 International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 324 - 329 Kjell Hausken Faculty of Sciences, University of Stavanger, 4036 Stavanger, Norway production safety investment fighting risk economics productive investment. 2011-12-24T23:20:50-05:00 2 4 324 329 2011-12-24T23:20:50-05:00 http://www.inderscience.com/link.php?id=44407 Participative decision theory suggests that a development process based on users participation can lead to the success of computerised applications, such as crisis management information systems, developed in the firm. Facing controversies of research results, Igbaria et al. (1996), Anandarajan et al. (2002) and Hartwich and Barki (1994) had suggested that user's involvement has a mediating effect in the relation between users participation and applications success. Lind et al. (1990) and Hunton and Gibson (1999) have introduced the effect of user's cognition on applications success. Therefore, the objective of this research is to examine the mediating effect of user's involvement and user's cognition in the relation between user's participation during the development of the crisis management information systems and the success of these applications. Based on a sample of 50 users of 32 computerised applications, empirical findings show that increasing users' participation during the development of crisis management information systems affect their perceptions of the development process's fairness which improve the use of these systems and enhance users' satisfaction. Influence of user participation during the development of crisis management information systems in Tunisian firms
Senda Jmour Hachicha; Hassouna Fedhila
International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 330 - 345
Participative decision theory suggests that a development process based on users participation can lead to the success of computerised applications, such as crisis management information systems, developed in the firm. Facing controversies of research results, Igbaria et al. (1996), Anandarajan et al. (2002) and Hartwich and Barki (1994) had suggested that user's involvement has a mediating effect in the relation between users participation and applications success. Lind et al. (1990) and Hunton and Gibson (1999) have introduced the effect of user's cognition on applications success. Therefore, the objective of this research is to examine the mediating effect of user's involvement and user's cognition in the relation between user's participation during the development of the crisis management information systems and the success of these applications. Based on a sample of 50 users of 32 computerised applications, empirical findings show that increasing users' participation during the development of crisis management information systems affect their perceptions of the development process's fairness which improve the use of these systems and enhance users' satisfaction.

]]> 10.1504/IJBCRM.2011.044407 International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 330 - 345 Senda Jmour Hachicha; Hassouna Fedhila The High School of Business, BP 26, Khaled Ibn Walid Street, Sfax 3031, Tunisia. ' The Higher Institute of Accounting and Administration Companies, Campus of Mannouba, Tunis 1030, Tunisia user participation crisis management information systems user satisfaction structural equation modelling Tunisia emergency management. 2011-12-24T23:20:50-05:00 2 4 330 345 2011-12-24T23:20:50-05:00 http://www.inderscience.com/link.php?id=44408 Two agents convert resources into safety investment and production while exchanging goods voluntarily. Safety investment ensures reduction of costly risk. High unit cost of safety effort reduces both productive effort and safety effort, which reduces income. Production, safety, exchange, and risk
Kjell Hausken
International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 346 - 350
Two agents convert resources into safety investment and production while exchanging goods voluntarily. Safety investment ensures reduction of costly risk. High unit cost of safety effort reduces both productive effort and safety effort, which reduces income.

]]> 10.1504/IJBCRM.2011.044408 International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 346 - 350 Kjell Hausken Faculty of Sciences, University of Stavanger, 4036 Stavanger, Norway production safety investment goods exchange safety risk economics productive investment trade price voluntary exchange. 2011-12-24T23:20:50-05:00 2 4 346 350 2011-12-24T23:20:50-05:00 http://www.inderscience.com/link.php?id=44409 The level of economic and social cost arising from large scale disasters has become apparent in recent years. One of the conclusions that can be drawn from recent experiences is that both corporations and regulators have difficulty in predicting both the post disaster scenario, and the results of management actions in these scenarios. This paper discusses an approach that could lead to improvements in tackling this problem. The fundamental approach is iterative; a model of the system from a disaster recovery viewpoint is formulated, a prototype simulator of that model is produced, the simulator tested to provide experience of post disaster scenarios, and then this simulator experience is employed to refine the model. The model itself is based upon resource flows and the system is represented as a set of interconnected sinks and sources. A model and a simulator for disaster recovery
William J. Caelli; Lam-For Kwok; Dennis Longley
International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 351 - 371
The level of economic and social cost arising from large scale disasters has become apparent in recent years. One of the conclusions that can be drawn from recent experiences is that both corporations and regulators have difficulty in predicting both the post disaster scenario, and the results of management actions in these scenarios. This paper discusses an approach that could lead to improvements in tackling this problem. The fundamental approach is iterative; a model of the system from a disaster recovery viewpoint is formulated, a prototype simulator of that model is produced, the simulator tested to provide experience of post disaster scenarios, and then this simulator experience is employed to refine the model. The model itself is based upon resource flows and the system is represented as a set of interconnected sinks and sources.

]]> 10.1504/IJBCRM.2011.044409 International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 351 - 371 William J. Caelli; Lam-For Kwok; Dennis Longley International Information Security Consultants Pty Ltd, 21 Castle Hill Drive South, Gaven, Queensland 4211, Australia. ' Department of Computer Science, City University of Hong Kong, 83 Tat Che Ave., Kowloon Tong, Hong Kong. ' International Information Security Consultants Pty Ltd, 94 Great Sandy Straits Marina Resort, 8 Buccaneer Drive, Urangan, Queensland 4655, Australia disaster recovery business continuity management resource flow modelling simulation large scale disasters emergency management. 2011-12-24T23:20:50-05:00 2 4 351 371 2011-12-24T23:20:50-05:00 http://www.inderscience.com/link.php?id=44410 Resilience in organisations is requisite for success and survival and a lack of it can lead to catastrophic organisational failures or bankruptcies in today's turbulent and uncertain environment. The paper outlines an investigation to relate organisational resilience (ORes) to its business 'health' between 1989 and 2009, in terms of economic viability. The results are manifold viz. conceptualisation of business 'health' and ORes and, subsequent, operationalisation of the relationship through empirical findings. Financial statements (1989 to 2009) of 20 textile, clothing and fashion (TCF)-related companies in Sweden are analysed to draw necessary conclusions. The study uses the Altman's Z-score as an indicator of business 'health' which includes discriminant ratios related to both short-term and long-term goals of a firm. Furthermore, the Z-score transition profile helps the company to judge its business 'health' and ORes, amidst crisis, and analyse further the underpinning attributes. This can be a helpful tool for companies to benchmark themselves to its competitors. Further research would help to find what differentiates the successful firm from the failing ones. Organisational resilience and health of business systems
Rudrajeet Pal; Håkan Torstensson; Heikki Mattila
International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 372 - 398
Resilience in organisations is requisite for success and survival and a lack of it can lead to catastrophic organisational failures or bankruptcies in today's turbulent and uncertain environment. The paper outlines an investigation to relate organisational resilience (ORes) to its business 'health' between 1989 and 2009, in terms of economic viability. The results are manifold viz. conceptualisation of business 'health' and ORes and, subsequent, operationalisation of the relationship through empirical findings. Financial statements (1989 to 2009) of 20 textile, clothing and fashion (TCF)-related companies in Sweden are analysed to draw necessary conclusions. The study uses the Altman's Z-score as an indicator of business 'health' which includes discriminant ratios related to both short-term and long-term goals of a firm. Furthermore, the Z-score transition profile helps the company to judge its business 'health' and ORes, amidst crisis, and analyse further the underpinning attributes. This can be a helpful tool for companies to benchmark themselves to its competitors. Further research would help to find what differentiates the successful firm from the failing ones.

]]> 10.1504/IJBCRM.2011.044410 International Journal of Business Continuity and Risk Management, Vol. 2, No. 4 (2011) pp. 372 - 398 Rudrajeet Pal; Håkan Torstensson; Heikki Mattila The Swedish School of Textiles, University of Borås, Bryggaregatan 17, SE-50190, Borås, Sweden. ' The Swedish School of Textiles, University of Borås, Bryggaregatan 17, SE-50190, Borås, Sweden. ' Department of Material Science, Tampere University of Technology, Fibre Materials Science, P.O. Box 589, FIN-33101, Tampere, Finland; The Swedish School of Textiles, University of Borås, Bryggaregatan 17, SE-50190, Borås, Sweden organisational resilience Altman Z-score business health recovery textile industry clothing industry apparel industry garment industry economic crisis turnaround economic viability fashion industry Sweden benchmarking business systems. 2011-12-24T23:20:50-05:00 2 4 372 398 2011-12-24T23:20:50-05:00