Enterprise risk management and organizational resilience among agricultural cooperatives in Davao del Norte

Abstract

The study aimed to ascertain the significant relationship between enterprise risk management and organizational resilience among agricultural cooperatives in Davao del Norte. The respondents of the study were 153 top level management personnel among agricultural cooperatives. The researchers conducted a quantitative non-experimental study using the correlational technique in research and utilized an adopted but modified questionnaire from Altemeyer (2004, p. 32) and Trellis Partners (2023, p. 1). The study’s findings demonstrate that respondents have high levels of enterprise risk management. Using the Decision-making theory anchors this study by Simon (1978, as cited in Alijoyo 2021, p. 2), who theorized how rational individuals should act amid uncertain circumstances and risks. Decisions will be made under bounded rationality; individuals behave distinctively when confronted with dangers and discrepancies. Through this, enterprise risk management (ERM) will benefit agricultural cooperatives in conducting risk decision-making, which automatically considers the actions performed after making a deciding its inception. This study proposed and tested that enterprise risk management significantly influences the organizational resilience of agricultural cooperatives. Moreover, the results suggest a positive correlation between enterprise risk management (ERM) and organizational resilience in Davao del Norte.