IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN
This research investigated the impact of Enterprise Risk Management (ERM) and organizational culture on competitive advantage (CA) in cigarette companies in Kalimantan. Through in-depth interviews with three key informants (a branch manager, a sales supervisor, and a finance account manager), the s...
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| Format: | Article |
| Language: | English |
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UUM PRESS
2025-01-01
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| Series: | Journal of Business Management and Accounting |
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| Online Access: | https://e-journal.uum.edu.my/index.php/jbma/article/view/25092 |
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| _version_ | 1832594206487478272 |
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| author | Matias Andika Yuwono Lena Ellitan |
| author_facet | Matias Andika Yuwono Lena Ellitan |
| author_sort | Matias Andika Yuwono |
| collection | DOAJ |
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This research investigated the impact of Enterprise Risk Management (ERM) and organizational culture on competitive advantage (CA) in cigarette companies in Kalimantan. Through in-depth interviews with three key informants (a branch manager, a sales supervisor, and a finance account manager), the study revealed that effective ERM, particularly in managing external risks like regulatory changes and market fluctuations and internal risks such as operational challenges and HR issues, is crucial for achieving CA. Additionally, an organizational culture that fosters innovation, risk-based performance assessment, and effective HR management significantly contributes to the success of ERM and strengthens CA. Companies can better manage risks and enhance their competitive position by adapting to market changes and embracing innovation. While this research offers valuable insights, its generalizability may
be limited due to its focus on cigarette companies in Central Kalimantan and its relatively small sample size. Future research could broaden the scope to include a broader range of companies and regions to gain a more comprehensive understanding. This study's original contribution lies in exploring the interplay between ERM and organizational culture in the context of CA in the cigarette industry. The findings emphasize the importance of integrating risk management and organizational culture as a strategic approach to maintain and strengthen competitive advantage, providing valuable implications for research and practice in this field.
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| format | Article |
| id | doaj-art-4a79f61f67b348c69d60af848b99dc2c |
| institution | Kabale University |
| issn | 2231-9298 2636-9249 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | UUM PRESS |
| record_format | Article |
| series | Journal of Business Management and Accounting |
| spelling | doaj-art-4a79f61f67b348c69d60af848b99dc2c2025-01-20T01:42:46ZengUUM PRESSJournal of Business Management and Accounting2231-92982636-92492025-01-0115110.32890/jbma2025.15.1.4IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTANMatias Andika Yuwono0Lena Ellitan1Faculty of Business, Widya Mandala Catholic University, IndonesiaFaculty of Business, Widya Mandala Catholic University, Indonesia This research investigated the impact of Enterprise Risk Management (ERM) and organizational culture on competitive advantage (CA) in cigarette companies in Kalimantan. Through in-depth interviews with three key informants (a branch manager, a sales supervisor, and a finance account manager), the study revealed that effective ERM, particularly in managing external risks like regulatory changes and market fluctuations and internal risks such as operational challenges and HR issues, is crucial for achieving CA. Additionally, an organizational culture that fosters innovation, risk-based performance assessment, and effective HR management significantly contributes to the success of ERM and strengthens CA. Companies can better manage risks and enhance their competitive position by adapting to market changes and embracing innovation. While this research offers valuable insights, its generalizability may be limited due to its focus on cigarette companies in Central Kalimantan and its relatively small sample size. Future research could broaden the scope to include a broader range of companies and regions to gain a more comprehensive understanding. This study's original contribution lies in exploring the interplay between ERM and organizational culture in the context of CA in the cigarette industry. The findings emphasize the importance of integrating risk management and organizational culture as a strategic approach to maintain and strengthen competitive advantage, providing valuable implications for research and practice in this field. https://e-journal.uum.edu.my/index.php/jbma/article/view/25092Risk managementcompetitive advantagecigarettes company organization cultureERM |
| spellingShingle | Matias Andika Yuwono Lena Ellitan IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN Journal of Business Management and Accounting Risk management competitive advantage cigarettes company organization culture ERM |
| title | IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN |
| title_full | IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN |
| title_fullStr | IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN |
| title_full_unstemmed | IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN |
| title_short | IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT AS A STRATEGY FOR INCREASING COMPETITIVE ADVANTAGE: STUDY AT COMPANIES IN CENTRAL KALIMANTAN |
| title_sort | implementation of enterprise risk management as a strategy for increasing competitive advantage study at companies in central kalimantan |
| topic | Risk management competitive advantage cigarettes company organization culture ERM |
| url | https://e-journal.uum.edu.my/index.php/jbma/article/view/25092 |
| work_keys_str_mv | AT matiasandikayuwono implementationofenterpriseriskmanagementasastrategyforincreasingcompetitiveadvantagestudyatcompaniesincentralkalimantan AT lenaellitan implementationofenterpriseriskmanagementasastrategyforincreasingcompetitiveadvantagestudyatcompaniesincentralkalimantan |