Crises like the COVID-19 pandemic are wake-up calls for enterprises to review their current risk management models. This book suggests a more robust risk management maturity model and illustrates the application in crisis situations.
The book surveys existing risk management maturity models and proposes a new model appropriate for assessing the risk management processes in enterprises during times of crisis. Its key advantages include the correlation of its attributes with crisis situations and an innovative methodological approach to model development. The authors use the model to examine 107 enterprises from the financial services, construction and IT sector, showing how it allows the user to identify risk management maturity changes in the aftermath of the COVID-19 pandemic.
The book will interest entrepreneurs, managers and risk management professionals, who can use the model in their management processes, as well as enterprise stakeholders and academics.
The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution- Non Commercial-No Derivatives 4.0 license.
Introduction 1. Existing models for assessing risk management maturity 2. Crisis situations and risk management maturity 3. Research methodology 4. Development of a new risk management maturity assessment model 5. Validation of a new risk management maturity assessment model 6. Impact of the COVID-19 pandemic on risk management maturity in the examined enterprises 7. Recommendations on the application of a new risk management maturity assessment model in enterprises Conclusions