The enterprise risk management model for corporate sustainability and selection of the best ERM operator in the Turkish Automotive Distributor Company: ANP based approach

Abstract

The corporate sustainability (CS) subject is important challenge for managers in the today's risky, competitive and complex business environment. The main objective of this paper is present new Enterprise Risk Management (ERM) model for the CS. The new ERM model for CS is offered to be a suitable managerial approach for the Turkish automotive distributor companies. The new ERM model is introduced as a useable way for implementation of corporate sustainability management (CSM) in order to meet financial, strategic operational, ecological and social goals of organizations. In order to meet the requirements of CS specific tools are necessary. The new ERM model is offered as the central tool for the development and implementation of sustainable business strategies for the Turkish automotive distributor companies. In this study, new model has been developed according to my new ERM framework model in doctorate dissertation (2007). This study is contributed to ERM literature and supported for CS efforts in the Turkish Automotive Distributor Companies. In order to developing of a new ERM model, interview with distributor managers is experienced and best ERM practice, CS surveys and ERM guidelines are analyzed. The study is also offered an application of the analytic network process (ANP) for the selection of best ERM operator in the Turkish automotive distributor companies. In order to identification of the best practice criteria to the ERM is realized to interview with high level managers of leading companies, analyzed best ERM practice surveys and ERM guidelines. ANP is used solving the problem. H.O, Sabanci Holding and Dogus Holding are determined as alternatives in the proposed ANP model