Managing Risk During The Covid 19 Pandemic

Risk management is a domain of management which comes to the fore in crisis. This book looks at risk management under crisis conditions in the COVID-19 pandemic context. The book synthesizes existing concepts, strategies, approaches and methods of risk management and provides the results of empirical research on risk and risk management during the COVID-19 pandemic. The research outcome was based on the authors’ study on 42 enterprises of different sizes in various sectors, and these firms have either been negatively affected by COVID-19 or have thrived successfully under the new conditions of conducting business activities. The analysis looks at both the impact of the COVID-19 pandemic on the selected enterprises and the risk management measures these enterprises had taken in response to the emerging global trends. The book puts together key factors which could have determined the enterprises’ failures and successes. The final part of the book reflects on how firms can build resilience in challenging times and suggests a model for business resilience. The comparative analysis will provide useful insights into key strategic approaches of risk management. The Open Access version of this book, available at http://www.taylorfrancis.com/books/oa-mono/10.4324/9781003131366/ has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

The past 30 years have seen risk become a major field of study, most recently with the COVID-19 pandemic positioning it at the centre of public awareness, yet there is limited understanding of how risk can and should be used in policy making. This book provides an accessible guide to the key elements of risk in policy making, including its role in rhetoric to legitimise decisions and choices. Using risk as a framework, it examines how policy makers in a range of countries responded to the COVID-19 pandemic and explains why some were more successful than others.

Risk management is a domain of management which comes to the fore in crisis. This book looks at risk management under crisis conditions in the COVID-19 pandemic context. The book synthesizes existing concepts, strategies, approaches and methods of risk management and provides the results of empirical research on risk and risk management during the COVID-19 pandemic. The research outcome was based on the authors’ study on 42 enterprises of different sizes in various sectors, and these firms have either been negatively affected by COVID-19 or have thrived successfully under the new conditions of conducting business activities. The analysis looks at both the impact of the COVID-19 pandemic on the selected enterprises and the risk management measures these enterprises had taken in response to the emerging global trends. The book puts together key factors which could have determined the enterprises’ failures and successes. The final part of the book reflects on how firms can build resilience in challenging times and suggests a model for business resilience. The comparative analysis will provide useful insights into key strategic approaches of risk management. The Open Access version of this book, available at http://www.taylorfrancis.com/books/oa-mono/10.4324/9781003131366/ has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

The COVID-19 pandemic has re-shaped organizations on many levels: resource, process, structural and relational. Such a wide range of forced changes has resulted in a greater need to implement risk management principles and procedures to secure an organization's position in the market. This book presents selected and key aspects of managing contemporary organizations in the conditions of the COVID-19 pandemic, enriched with empirical analyses relating to various countries of the world. This edited collected focuses on clarifying and solving basic management dilemmas, integrated issues of risk management and organization security in light of changes during the COVID-19 pandemic. It specifically explores the following common problem areas, across industries and sectors, using theoretical, empirical and practical perspectives: financial, economic and regulatory conditions for management processes in the conditions of the COVID-19 pandemic; management of information resources and security in the conditions of the development of the phenomenon of digital risk and e-commerce; shaping relationships with stakeholders, with particular emphasis on relationships with customers in the conditions of sales processes; shaping the processes of creating and diffusing knowledge, with particular emphasis on the activities of educational entities. Organizational Management and the COVID-19 Crisis will be directly relevant for researchers and academics across a range of management disciplines, including strategic management, risk management, organizational studies, information and knowledge management and related fields.

COVID-19 has spread around the world, causing tremendous structural change, and severely affecting global supply chains and financial operations. As such there is a need for analytic tools help deal with the impact of the pandemic on the world’s economies; these tools are not panaceas and certainly won’t cure the problems faced, but they offer a means to aid governments, firms, and individuals in coping with specific problems. This book provides an overview of the COVID-19 pandemic and evaluates its effect on financial and supply chain operations. It then discusses epidemic modeling, presenting sources of quantitative and text data, and describing how models are used to illustrate the pandemic impact on supply chains, macroeconomic performance on financial operations. It highlights the specific experiences of the banking system, which offers predictions of the impact on the Swedish banking sector. Further, it examines models related to pandemic planning, such as evaluation of financial contagion, debt risk analysis, and health system efficiency performance, and addresses specific models of pandemic parameters. The book demonstrates various tools using available data on the ongoing COVID-19 pandemic. While it includes some citations, it focuses on describing the methods and explaining how they work, rather than on theory. The data sets and software presented were all selected on the basis of their widespread availability to any reader with computer links.

This book summarizes the effect of COVID-19 on the global supply chain. Eminent researchers, practitioners, and professors discuss the challenges faced by supply chain providers and supply chain strategies related to various global, retail, fast moving consumer goods, humanitarian, pharmaceutical, and agricultural supply chains. This book also suggests the resilient approach adopted by supply chain organizations for quick recovery and re-establishing their networks. This book helps the readers explore the pandemic's impact on the supply chain and rebuilding the same using suitable approaches.

As the culminating volume in the DCP3 series, volume 9 will provide an overview of DCP3 findings and methods, a summary of messages and substantive lessons to be taken from DCP3, and a further discussion of cross-cutting and synthesizing topics across the first eight volumes. The introductory chapters (1-3) in this volume take as their starting point the elements of the Essential Packages presented in the overview chapters of each volume. First, the chapter on intersectoral policy priorities for health includes fiscal and intersectoral policies and assembles a subset of the population policies and applies strict criteria for a low-income setting in order to propose a "highest-priority" essential package. Second, the chapter on packages of care and delivery platforms for universal health coverage (UHC) includes health sector interventions, primarily clinical and public health services, and uses the same approach to propose a highest priority package of interventions and policies that meet similar criteria, provides cost estimates, and describes a pathway to UHC.

"The coronavirus crisis and related business failure are widely discussed in recent times. The unique nature of the COVID-19 crisis has raised several concerns about the risk management models adopted by many businesses. It is difficult for companies to understand which factors to consider in their business model to adeptly deal with the new risks associated with COVID-19. Few businesses managed to continue their operation, especially if their existing risk management strategies were broader before the crisis. The financial crisis created by coronavirus pandemic highlights the importance of further research in risk management, which will allow businesses to identify a feasible model to handle various risks in the ongoing crisis recovery period. Existing academic studies present discussions around a need for revised risk management models, importance of Artificial Intelligence, or other advanced technologies in risk management. It is therefore vital to conduct a detailed study to understand how the risk management strategies of the businesses should be revised following the COVID-19 crisis, to adapt to the changes brought about by the pandemic. This textbook is essential reading for students studying risk management, researchers examining the relation between advanced technology and risk management mitigation strategies, businesses working on their strategies around managing risk, and policy makers looking for necessary policy changes that support businesses"--