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Leveraging Digital Technologies to Enhance Business Resilience in Risk Management
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Author(s): Bronson Mutanda (Manicaland State University of Applied Sciences, Zimbabwe), Admire Mtombeni (Manicaland State University of Applied Sciences, Zimbabwe), Julius Tapera (Lupane State University, Zimbabwe), Rahabhi Mashapure (Chinhoyi University of Technology, Zimbabwe)and Purity Hamunakwadi (Nelson Mandela University, South Africa)
Copyright: 2025
Pages: 24
Source title:
Strategic Repositioning in Times of Corporate Crisis: Green Management and Technology Adoption
Source Author(s)/Editor(s): Option Takunda Chiwaridzo (University of Science and Technology Beijing, Beijing, China)and Mufaro Dzingirai (Midlands State University, Zimbabwe)
DOI: 10.4018/979-8-3693-5912-9.ch010
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Abstract
In today's fast-paced and ever-evolving business landscape, effective risk management and pricing strategies have become crucial for organisations to stay competitive and maximise profitability. In order to effectively manage risks, identify possible threats, and seize opportunities, businesses need to take a proactive and holistic approach to risk management. The current business landscape has left businesses of any size or type, anywhere in the world, facing a wide range of risks which could cause them long-term harm, from financial penalty to reputational damage. Through a systematic review of the literature, this book chapter delved into the ways in which technology is being leveraged to ensure business resilience in risk management, exploring insights from different perspectives and providing an in-depth understanding of the options available. This book chapter also proposed strategic approaches to leveraging and integrating these technologies and innovations into effective risk management and ensure business continuity and resilience.
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