A Model for Risk Management in Business Transformation with E-Business: For Developing Countries

Both developed and developing countries are widely benefitting from the commercialization internet has delivered. The organizations are widely transforming the way they do business. The cost effective approach of e-transformation has opened eyes of the business world encouraging e-transformation of businesses of all scale. Nonetheless, Small and Medium Enterprises are also encouraged to step into e-commerce world to compete in the global market. This paper discusses two cases of small & medium enterprise and a large scale government organization that struggles and fails in this new transformation. However we noticed that the lack of presence in Risk Management and Contingency Planning practices is a major failure factor in such scenarios. Hence this paper discusses the rationale and necessity of risk management from the initial stage of e-transformation and throughout. Furthermore, we analyze the possibilities and propose a model for incorporating risk activities in the e-transformation phase.