Open AccessApplication of ISO 31000-Based Risk Assessment to Improve Balanced Scorecard Performance at Shofa Pharmacy
Author(s) -
Riko Luke Nugroho,
Perminas Pangeran
Publication year - 2021
Publication title -
international journal of multicultural and multireligious understanding
Language(s) - English
Resource type - Journals
ISSN - 2364-5369
DOI - 10.18415/ijmmu.v8i2.2321
Subject(s) - balanced scorecard , it risk management , risk management , business , risk analysis (engineering) , financial risk management , operational risk , financial risk , risk assessment , pharmacy , risk management plan , business risks , market risk , operations management , actuarial science , process management , finance , medicine , computer science , engineering , computer security , family medicine
This study aims to integrate the Balanced Scorecard and Risk Management at Shofa Pharmacy and its one branch. The risk assessment is based on the ISO 31000 framework model and the Balanced Scorecard is based on a financial perspective, a customer perspective, an internal business perspective and a learning and growth perspective. The results of risk identification show that the risks faced by Shofa Pharmacy are financial risk, operational risk, technology risk, business ethics risk, health and safety risk, economic risk, legal risk, political risk, market risk, and project risk. Based on the results of the analysis, the highest risk is technology risk with the risk group in information technology protection, economic risk with the fall in demand risk group, political risk with the inflation risk group and project risk with an evaluation risk group, then risk management is carried out to reduce the risk level.