Proceedings of the International Conference on Business, Management and Finance
The Effectiveness of Existing Risk Warning Systems to Gain Organizational Resilience: An Empirical Analysis of the Potential Risks and Vulnerability of Companies in the Mobility Industry
Esther Sophie Heckmann
Companies in the mobility industry have different and special risk management systems that strengthen their organizational resilience. Considering the new ISO standard on organizational resilience and security, developed and published in 2017, this paper looks at the current vulnerability of companies in the mobility industry. This paper presents different and special risk warning systems and uses empirical data to assess their effectiveness in the context of typical risks in this industry.The risks were based on a literature review of risk factors in the mobility industry. This was followed by a survey and evaluation of these risks and warning systems. The data sample consists of almost 200 survey respondents. With the help of the scientific analysis software MAXQDA the data is analyzed. The results show a significant correlation between typical risks and their occurrence in the mobility industry. The effectiveness of existing risk warning system can be confirmed for large companies, but not for smaller ones.Due to the timeliness of the topic and the new ISO standard for security and resilience published in 2017, there is no evaluation of the risks and systems in this industry so far. The study finishes with an identification of research gaps and a recommendation for furtherresearch as well as research limitations.
Key Words: Organizational Resilience; Risk warning systems; ISO/ OHSAS; Risk management,system (RMS/ IMS/SMS); MAXQDA.