Managing Enterprise Risk in an Indonesian Textile Company
A Strategic Application of ISO 31000:2018
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Managing Enterprise Risk in an Indonesian Textile Company: A Strategic Application of ISO 31000:2018 is a practical and research-based guide that explores the application of international risk management standards in a real-world manufacturing context. The book centers on XYZ LTD, a textile company in West Java, Indonesia, which has faced significant operational and financial challenges-such as declining orders, fire incidents, supply chain delays, and machinery failures-largely triggered by the COVID-19 pandemic and other uncertainties.By adopting the ISO 31000:2018 framework, the authors pro...
Managing Enterprise Risk in an Indonesian Textile Company: A Strategic Application of ISO 31000:2018 is a practical and research-based guide that explores the application of international risk management standards in a real-world manufacturing context. The book centers on XYZ LTD, a textile company in West Java, Indonesia, which has faced significant operational and financial challenges-such as declining orders, fire incidents, supply chain delays, and machinery failures-largely triggered by the COVID-19 pandemic and other uncertainties.By adopting the ISO 31000:2018 framework, the authors provide a comprehensive roadmap for identifying, analyzing, evaluating, and treating risks systematically. Core elements include establishing risk context, stakeholder mapping, SWOT and PESTLE analysis, and selecting appropriate risk assessment techniques (e.g., FMEA, risk matrices, cost-benefit analysis). The book emphasizes that risk is neutral-it includes both threats and opportunities-and shows how embracing this mindset can build resilience, unlock potential value, and create a competitive advantage.
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