Managing Risk in Virtual Enterprise Networks: Implementing Supply Chain Principles (Premier Reference Source) Review

Managing Risk in Virtual Enterprise Networks: Implementing Supply Chain Principles (Premier Reference Source)
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Managing Risk in Virtual Enterprise Networks: Implementing Supply Chain Principles (Premier Reference Source) ReviewAs an author of one of the chapters I feel compelled to submit a review of this book. Biased as it may be, I am nonetheless proud to have contributed to this attempt at cross-fertilization between three distinctively different, yet highly interconnected fields of research: Virtual Enterprise Networks with Supply Chain Management and Risk Management.
This is what the editor writes about my chapter in the preface:
The first chapter by Jan Husdal can very well serve as an introduction to the whole book since it attempts to bridge the gap between the concepts of Virtual Enterprise Networks and Supply Chains by building on literature findings drawn from both research areas. Jan Husdal, provides the reader with a novel perspective on VENs and in doing so a new VE taxonomy is introduced. After a fruitful discussion on risk management in both VEN and supply chains, Husdal turns to the ultimate objective of this chapter, which is to propose a conceptual framework for Risk Management in VENs with a Supply Chain Risk Management perspective and provide well argumented evidence that VEN risk management can and should learn from existing supply chain risk management initiatives.
I do feel a bit honored now, as I have the opening chapter of the book, and hopefully I will make readers want to read on after reading my introduction.
Looking at the 13 other contributions, there ought to be something for every palate:
Ch 2: Brian Squire takes an exploratory look at the use of formal network measures to further understand the sources of risk in enterprises organized in networks.
Ch 3: Burak Sari argues that trust is the shared belief that network partners can depend on each other to achieve a common goal and constitutes a critical structural and cultural characteristic that influences the network's success and performance.
Ch 4: Samir Dani proposes a risk management framework for Virtual Enterprise Networks based on innovation and the effective feed of its results back to the risk management process.
Ch 5: Ettore Bolisani provides a knowledge-based view of Virtual Enterprise Networks and attempts an analysis and classification of the possible sources of risk associated to the management of knowledge in a Virtual Enterprise Network.
Ch 6: Mohammad Shalan aims to provide a comprehensive in depth analysis of risks and issues associated with the IT aspects of Virtual Enterprise Networks from technical and procedural point of view and to prescribe specific guidelines to mitigate the effects of the identified and analyzed risks, processes and consequences.
Ch 7: Ila Manuj presents a simulation model development process for modeling disruptions and other crises events in global virtual enterprise networks and supports her proposed methodology by providing the reader with an indicative modeling example.
Ch 8: Klimov et al. present a framework of simulation-based supply chain risk analysis with a risk measurement system, based on the evaluation of supply chain performance.
Ch 9: Omera Khan and Alessandro Creazza highlight the importance of keeping product design at the centre of the entire business process and managing it concurrently within the supply chain, utilizing their suggested 4C approach.
Ch 10: María Jesús Sáenz, Maria Pilar Lambán and Eva Navarro introduce a conceptual framework including a set of best practices which enable flexibility value to be created in the context of an inter-organizational network.
Ch 11: Stavros Ponis and Epaminondas Koronis study the knowledge-related risks of outsourcing by identifying and taxonomizing the risk sources of the outsourcing initiative, and by pinpointing the related threats and proposing mitigating actions.
Ch 12: Konstantinos Kirytopoulos, Dimitra Voulgaridou and Vrassidas Leopoulos introduce a decision support framework based on the so-called ANP-BOCR model, focusing on the supplier selection process which is critical for clusters where its members not only cooperate but also compete.
Ch 13: Nikolaos Panagiotou, Stylianos Oikonomitsios, Christina Athanasiadou and Sotiris Gayialis develop an elaborated toolset that supports the extended role of Internal Audit as a facilitator of change towards the network's business objectives, thus assisting and improving business processes and enhancing the quality of the enterprise network.
Ch 14: Christos Manolarakis, Ioannis Christou and Gregory Yovanof attempt to capture market dynamics and provide Virtual Enterprise Network managers with a new insight on consumer segmentation by proposing an Agent Based Modeling tool that allows the description and simulation of the evolution or interactions of social structures.
In conclusion, as the editor says, this book including more than a thousand scientific references will hopefully establish the necessary background for further research in the field, attract interest and create challenges for both researchers and practitioners, thus initiating a broad academic discourse.Managing Risk in Virtual Enterprise Networks: Implementing Supply Chain Principles (Premier Reference Source) Overview

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