Risk and Operational Management Practices of Manufacturing Companies in Ghana


Authors : Dorcas Nana Efua-Sekum Ewur

Volume/Issue : Volume 6 - 2021, Issue 12 - December

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3p55bRT

The act of risk identification is not enough when considering effective operational management for manufacturing. This require a thorough understanding of risk, it types, management and how to alien with various operational practices. The study adopted a qualitative approach to help delve into the subject matter. The study examined the day to day activities of plastic manufacturers in Ghana; risk components associated with their activities likewise their operational management practices for effective management and profit maximization. The study adopted a qualitative approach because its main focus was to draw meaning from experiences, perception, beliefs and attitude from a specific context. The research approach sort to explore human experience to present a clear and holistic view of phenomenon to help understand human behavior and the assumptions which govern such behaviors.The findings of the study indicated that risk forms an integral part of operations, which requires effective management and control. It’s also evident that proper management prevents wastage and enhances effective people and resource allocation. With regards to Risk and Operational management practices, the study recommended key strategies such as risk culture, reinforcement, top management commitment and support, risk integration and reduction in risk management fragmentation for effective management.

Keywords : Risk, Operational Management, Practices and Manufacturing Companies

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