Application of the Sandelowski and Barroso Technique in Identifying the Components of a Comprehensive Integrated Enterprise Risk Management Model in New Business Development
Keywords:
Business risk, enterprise risk management, new business developmentAbstract
Risk management in new business development is considered one of the most fundamental and critical aspects of organizational success. With the rapid expansion of technologies, emerging changes in markets, and the necessity for adaptation to dynamic business environments, identifying, assessing, and optimally managing risks are key factors in ensuring organizational sustainability and growth. The objective of this study is to apply the meta-synthesis technique to identify the components of a comprehensive integrated enterprise risk management (ERM) model in the context of new business development. The researcher employed a systematic review and meta-synthesis approach to analyze the results and findings of prior research, and through the implementation of the seven-step method proposed by Sandelowski and Barroso, the effective factors were identified. Out of 541 articles, 40 were selected using the CASP (Critical Appraisal Skills Programme) method. The validity of the analysis was confirmed with a Kappa coefficient of 0.747. To assess reliability and ensure quality control, the transcription method was utilized, which revealed an excellent level of agreement for the identified indicators. The analysis of the collected data using MAXQDA software led to the identification of 58 initial concepts based on 18 indicators grouped into 5 categories. Based on the meta-synthesis technique, five dimensions were categorized according to the identified concepts. These five dimensions are: strategic dimension, operational dimension, financial dimension, human resources dimension, and cultural dimension. Integrated enterprise risk management serves as a comprehensive framework for identifying, assessing, and mitigating risks in the development of new businesses and plays a pivotal role in organizational sustainability and success. The key components of this model include identifying various types of risks (such as financial, operational, strategic, and technological risks), evaluating their impact, designing and implementing risk control and mitigation strategies, and assessing the effectiveness of these control measures.
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