The Role of Innovation in Connecting and Strengthening the Relationship between Corporate Risk Management and the Performance of MSMEs in Indonesia
DOI:
https://doi.org/10.65310/q529xd47Keywords:
ISO 31000, Risk Management, Oil Refinery, Occupational Safety, Enterprise Risk Management.Abstract
This study aims to analyze the implementation of ISO 31000 based risk management in the refinery area of state-owned energy companies. The method used is a descriptive qualitative approach through a systematic literature review of studies conducted between 2015 and 2025. The results of the study show that most risks are at a medium to high level, especially in the categories of occupational safety and health (OSH) and operations, such as the risk of explosions, fires, and workplace accidents. The dominant risk management strategies include risk reduction and risk avoidance through improved safety training, field supervision, and the implementation of stricter procedures and policies. Overall, this study emphasizes the importance of implementing integrated and adaptive Enterprise Risk Management (ERM) to improve the effectiveness of risk control and ensure the sustainability of oil refinery operations.
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Copyright (c) 2025 Risqi'a Shauma Salsabiilla, Nur Annisa, Jesselyn Nixie Amadea, Alvianus Kristian Sumual (Author)
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