The globalized economy is increasingly affecting small and medium-sized companies (SMEs). As markets and growth are moving outside Europe, SMEs need to find new global customers and build their market entries through export networks to remote locations which often have different cultures,...

This research studies risk and how to manage it during new product development projects. It highlights the major types of risk in NDP as well as what are some of the more common risk management and process tools. The research proposes an approach to risk management systems, and what managerial...

In order for a company to economically survive, it needs to compete with a highly competitive market. The world is changing fast, adding different types of risks to companies. So, companies need to not only meet requirements but also exceed them. At the same time, companies are required to lower...

Bayesian probability theory, signal detection theory, and operational decision theory are combined to understand how one can operate effectively in complex environments, which requires uncommon skill sets for performance optimization. The analytics of uncertainty in the form of Bayesian theorem...

In the present day, business environment marked by intense competition and uncertainties, the ability of an organization and its supply chain to respond quickly to an unforeseen change in the business environment forms the key to its sustenance in the market. Since an agile supply chain...

This article describes how as access to the Internet has increased, cybersecurity has become important, with businesses and the government spending much time and resources to combat cyber attacks. The purpose of this article was to review the existing literature related to cybersecurity....

‘Patient Safety' tries to increase safety and transparency within healthcare systems for both patients and professionals. Within the healthcare sector, workflows become more and more complex, while time and money become scarce. As a consequence, the risk awareness, fault management and quality...

This paper resulted from an action-research undertaken on a Portuguese electric energy organization – EDP Distribution. The research aimed to develop, propose and implement a risk management methodology to integrate in the project management (PM) practices of an ongoing project. The...

This article describes how the ease of access to information and communication technologies is practically a prerequisite for the functioning of modern society. Taking the competitive market into consideration, the protection of the information infrastructure for a company, could mean that...

This article describes how as mankind has been ever-evolving, so are their needs, growing in leaps and bounds. Risk management in supply chains have become a prerequisite as it involves a series of steps like procuring, processing, and distribution, where risk has to be managed. Given the advent...