Trends in Risk-Based Thinking and Risk Management Methods in Czech Plastic Cluster Production Companies

Citation metadata

Date: May 2019
Publisher: Springer
Document Type: Article
Length: 782 words
Lexile Measure: 1330L

Document controls

Main content

Article Preview :

JEL M00M21

This paper presents the results of an initial study of production companies from the Czech plastic cluster. It discusses the low level of integration of risk-based thinking and methods of risk management in the processes of these companies, three main reason for this activity is a requirement of the International Organization for Standardization (ISO) 9001:2015 Quality Management System.

Companies certified under the previous norm ISO 9001:2008 had to solve internal and external nonconformities after creation of the 2015 rules. New risk-based thinking must be planned and realized before a system or process nonconformity occurs (ISO 9001:2015). Sitnikov et al. (Amfiteatru Economic, 2017) mentioned that new versions of the norm ISO 9001:2015 introduced the integration of quality management systems, continuous improvement, and corporate risk management.

Our research focused on two main questions: How companies in the Czech plastic cluster are responding to the new requirement, their actions to address risks and opportunities, and if the proposed solution exceeds the requirements of norm ISO 9001:2015. The authors also conducted extensive research focused on the utilization level of business process management in Czech manufacturing companies in 2006 and 2012. The research covered goals, factors, components, support,...

Source Citation

Source Citation   

Gale Document Number: GALE|A592240273