IDEAS home Printed from https://ideas.repec.org/a/ids/ijbsre/v18y2024i4p360-377.html
   My bibliography  Save this article

Multi-dimensional assessment of risk to business continuity plans of Indian SMEs in the wake of pandemic induced business risks

Author

Listed:
  • Y.M. Gireesh
  • Nandeesh V. Hiremath
  • K.V. Manjunath
  • B.V. Nagaraj
  • Sunil Kumar R. Hiremath

Abstract

Small and medium enterprises (SMEs) are the prime drivers of the Indian economy while the COVID-19 pandemic impacted almost 80%-95% of the SMEs negatively owing to the long span of national lockdown and its repercussions through shutdowns and/or running into losses. This gave an important lesson with necessity of having business continuity plans (BCPs) to mitigate the risk. This study identified factors influencing BCP for SMEs and designed a scale to evaluate the SMEs based on a cross-sectional survey of 100 SMEs in Bengaluru of Karnataka state. A risk assessment scale has been developed using secondary information with appropriate weights assigned to the influencing factors in risk calculation using five-point Likert scale. Confirmatory factor analysis with structural equation modelling was used to derive risk-rating scale, with normality of data using Kolmogorov-Smirnov statistic, it was found that the proposed risk rating scale was 97% consistent with risk management teams of SMEs.

Suggested Citation

  • Y.M. Gireesh & Nandeesh V. Hiremath & K.V. Manjunath & B.V. Nagaraj & Sunil Kumar R. Hiremath, 2024. "Multi-dimensional assessment of risk to business continuity plans of Indian SMEs in the wake of pandemic induced business risks," International Journal of Business and Systems Research, Inderscience Enterprises Ltd, vol. 18(4), pages 360-377.
    • Handle: RePEc:ids:ijbsre:v:18:y:2024:i:4:p:360-377
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=139523
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbsre:v:18:y:2024:i:4:p:360-377. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=206 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.