Open AccessDeterminants of Strategic Risk Management in Emerging Markets Supply Chains: The Case of Mexico
Author(s) -
Walfried M. Lassar,
Raúl Montalvo,
Leslie Hulser,
Leslie Hulser
Publication year - 2010
Publication title -
cuadernos de difusión
Language(s) - English
Resource type - Journals
eISSN - 1815-6606
pISSN - 1815-6592
DOI - 10.46631/jefas.2010.v15n28.05
Subject(s) - business , supply chain , industrial organization , resource based view , quality (philosophy) , competitive advantage , globalization , resource (disambiguation) , emerging markets , supply chain management , supply chain risk management , sample (material) , marketing , service management , economics , finance , computer science , market economy , computer network , philosophy , chemistry , epistemology , chromatography
Risk mitigation in global supply chains has grown in importance in recent years, in tandem with globalization and both the commercial and security threats faced by firms both large and small. This study hypothesizes that a firm’s ability to manage risk strategy— and therefore support its competitiveness—is determined by a symbiotic triad of factors: the resources it utilizes; network systems; and performance criteria it employs. The study, comprising 24 in-depth interviews with electronics and IT firms, examines resource utilization through the Resource-Based View (RBV), assesses firms’ proclivity to engage in networks for risk mitigation and competitiveness; and highlights the importance of performance evaluation as a critically important component in supply chain management. Findings reveal that both buyers and suppliers believe that the symbiotic triad can provide them with a competitive advantage in addition to improving operational efficiency, effectiveness and quality. Future research should also extend this pilot investigation to other countries and industries, and utilize a larger sample of firms for quantitative as well as qualitative assessment.