Management of risks in export networks : the role of collaboration

Anna-Maija Hietajärvi, Iris Karvonen

    Research output: Contribution to journalArticleScientificpeer-review

    Abstract

    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, regulations and practices. This paper discusses the risks and challenges related to this transformation, based on observations from Finnish SMEs. Previous research on risk management in the context of export networks and collaborative networked organizations is utilized in the work. Using information collected from Finnish SMEs, the paper analyses the risk factors and risk management methods in export networks. The role of collaboration is discussed, both as a source of risk and as a measure to decrease the risks. Based on the analysis, companies appear to value the risk management methods including collaborative actions with partners, but the use of these methods in practice is low.
    Original languageEnglish
    Pages (from-to)47-63
    JournalInternational Journal of Applied Logistics (IJAL)
    Volume6
    Issue number1
    DOIs
    Publication statusPublished - 2016
    MoE publication typeA1 Journal article-refereed

    Fingerprint

    Risk management
    Management methods
    Market entry
    Risk factors
    Small and medium-sized companies

    Keywords

    • risk
    • risk management
    • collaboration
    • collaborative networks
    • logistics
    • export networks
    • SME
    • market entry
    • web survey
    • gap analysis

    Cite this

    Hietajärvi, Anna-Maija ; Karvonen, Iris. / Management of risks in export networks : the role of collaboration. In: International Journal of Applied Logistics (IJAL). 2016 ; Vol. 6, No. 1. pp. 47-63.
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    author = "Anna-Maija Hietaj{\"a}rvi and Iris Karvonen",
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    Management of risks in export networks : the role of collaboration. / Hietajärvi, Anna-Maija; Karvonen, Iris.

    In: International Journal of Applied Logistics (IJAL), Vol. 6, No. 1, 2016, p. 47-63.

    Research output: Contribution to journalArticleScientificpeer-review

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    AB - 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, regulations and practices. This paper discusses the risks and challenges related to this transformation, based on observations from Finnish SMEs. Previous research on risk management in the context of export networks and collaborative networked organizations is utilized in the work. Using information collected from Finnish SMEs, the paper analyses the risk factors and risk management methods in export networks. The role of collaboration is discussed, both as a source of risk and as a measure to decrease the risks. Based on the analysis, companies appear to value the risk management methods including collaborative actions with partners, but the use of these methods in practice is low.

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    KW - logistics

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    KW - web survey

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