A proposed risk framework as a tool for sustainability for the South African wine industry
Aim: There is an existing gap in the literature that addresses the importance of risk management as a tool for sustainability in the winemaker’s activities and operations. The purpose of this article is to propose a risk management framework for the South African wine industry that can be used as a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
AOSIS
2022-02-01
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| Series: | South African Journal of Economic and Management Sciences |
| Subjects: | |
| Online Access: | https://sajems.org/index.php/sajems/article/view/4235 |
| _version_ | 1819049276316057600 |
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| author | Micheline J. Naude Rodney T. Naude |
| author_facet | Micheline J. Naude Rodney T. Naude |
| author_sort | Micheline J. Naude |
| collection | DOAJ |
| description | Aim: There is an existing gap in the literature that addresses the importance of risk management as a tool for sustainability in the winemaker’s activities and operations. The purpose of this article is to propose a risk management framework for the South African wine industry that can be used as a tool for sustainability.
Setting: The study comprised 10 participants at five wine-producing estates located in the five different wine-growing areas within the Stellenbosch region.
Method: The study is exploratory in nature, adopting a case study approach. Interviews with wine producers in the Stellenbosch region of the Western Cape province of South Africa were conducted in order to identify the various risks they face.
Result: A thematic analysis was used to analyse the data. The four steps of risk management were used as a reference point and to underpin the proposed risk management framework. The study was done using the Supply Chain Operations Reference model, which is divided into six process categories, namely plan, source, make, deliver, return and enable.
Conclusion: The article makes a twofold contribution. Firstly, wine producers might use the proposed framework to identify and mitigate their risks and thus as a tool for sustainability. Secondly, the proposed framework is expected to contribute to the existing body of knowledge on risk management and sustainability. |
| first_indexed | 2024-12-21T11:29:35Z |
| format | Article |
| id | doaj.art-6cc606ced24945ac8eaa393235fefc0f |
| institution | Directory Open Access Journal |
| issn | 1015-8812 2222-3436 |
| language | English |
| last_indexed | 2024-12-21T11:29:35Z |
| publishDate | 2022-02-01 |
| publisher | AOSIS |
| record_format | Article |
| series | South African Journal of Economic and Management Sciences |
| spelling | doaj.art-6cc606ced24945ac8eaa393235fefc0f2022-12-21T19:05:35ZengAOSISSouth African Journal of Economic and Management Sciences1015-88122222-34362022-02-01251e1e1110.4102/sajems.v25i1.42351000A proposed risk framework as a tool for sustainability for the South African wine industryMicheline J. Naude0Rodney T. Naude1School of Management, IT and Governance, Faculty of Law and Management Studies, University of KwaZulu-Natal, DurbanDepartment of Entrepreneurship, Supply Chain, Transport, Tourism and Logistics Management, University of South Africa, PretoriaAim: There is an existing gap in the literature that addresses the importance of risk management as a tool for sustainability in the winemaker’s activities and operations. The purpose of this article is to propose a risk management framework for the South African wine industry that can be used as a tool for sustainability. Setting: The study comprised 10 participants at five wine-producing estates located in the five different wine-growing areas within the Stellenbosch region. Method: The study is exploratory in nature, adopting a case study approach. Interviews with wine producers in the Stellenbosch region of the Western Cape province of South Africa were conducted in order to identify the various risks they face. Result: A thematic analysis was used to analyse the data. The four steps of risk management were used as a reference point and to underpin the proposed risk management framework. The study was done using the Supply Chain Operations Reference model, which is divided into six process categories, namely plan, source, make, deliver, return and enable. Conclusion: The article makes a twofold contribution. Firstly, wine producers might use the proposed framework to identify and mitigate their risks and thus as a tool for sustainability. Secondly, the proposed framework is expected to contribute to the existing body of knowledge on risk management and sustainability.https://sajems.org/index.php/sajems/article/view/4235sustainabilityrisksrisk managementrisk management frameworkwine producers |
| spellingShingle | Micheline J. Naude Rodney T. Naude A proposed risk framework as a tool for sustainability for the South African wine industry South African Journal of Economic and Management Sciences sustainability risks risk management risk management framework wine producers |
| title | A proposed risk framework as a tool for sustainability for the South African wine industry |
| title_full | A proposed risk framework as a tool for sustainability for the South African wine industry |
| title_fullStr | A proposed risk framework as a tool for sustainability for the South African wine industry |
| title_full_unstemmed | A proposed risk framework as a tool for sustainability for the South African wine industry |
| title_short | A proposed risk framework as a tool for sustainability for the South African wine industry |
| title_sort | proposed risk framework as a tool for sustainability for the south african wine industry |
| topic | sustainability risks risk management risk management framework wine producers |
| url | https://sajems.org/index.php/sajems/article/view/4235 |
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