Feedback Management System for a Confidential Evaluation of Teachers Performance
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Date
2022-12
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Lead City University
Abstract
This study aims to study the impact of insurance risk management practices and supply chain technological innovation performance of two manufacturing companies in Lagos State.
The study formulated four research hypotheses, and questionnaires distributed to 212 respondents at Richmond Paper & Packaging Ltd and Nucleus Ventures Ltd. One hundred fifty (150) copies of the questionnaires were retrieved.
This study showed that most companies operate for a long time. The study demonstrated that risk management practices have an impact on organizational performance, as risk mitigation was the most influencing organizational performance, followed by risk identification, risk assessment, and risk control, and the least impact was the implementation of risk management. All risk management practices have a positive impact on organizational performance. The research recommended that companies should take cost-effective measures to identify risks in a timely manner and effectively mitigate risks companies in manufacturing companies should educate their employees about the importance of risk management and their practices and they must continuously evaluate risk management practices to ensure that they are still able to remain in a technological innovative work environment.
The current study was conducted on manufacturing companies. Therefore, researchers recommend in the future, to collect more data over a longer period of time to verify the validity of the current model and measuring instrument.
Word Count: 215 words
Key Words: Insurance, Risk Management, Supply Chain, Technological Innovation, Performance.
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Kate Turabian