Resilience and adaptation of small and medium-sized enterprises to flood risk

Gayan Wedawatta, Bingunath Ingirige

Research output: Contribution to journalArticle

Abstract

Purpose – The UK has experienced a number of flood events in recent years, and the intensity and frequency of such events are forecast to further increase in future due to changing climatic conditions. Accordingly, enhancing the resilience of small and medium-sized enterprises (SMEs) – which form an important segment in a society – to flood risk, has emerged as an important issue. However, SMEs often tend to underestimate the risk of flooding which tends to have a low priority in their business agenda. The purpose of this paper is to undertake an investigation of adaptation to the risk of flooding considering community-level measures, individual-level property protection, and business continuity and resilience measures.
Design/methodology/approach – A total of four short case studies were conducted among SMEs to identify their response to flood risk, and what measures have been undertaken to manage the risk of flooding.
Findings – It was observed that SMEs have implemented different property-level protection measures and generic business continuity/risk management measures, based on their requirements, to achieve a desired level of protection.
Practical implications – SMEs are likely to positively respond to property-level adaptation following a post-flood situation. It is important that information such as costs/benefits of such measures and different options available are made accessible to SMEs affected by a flood event.
Social implications – Implementation of property-level adaptation measures will contribute towards the long term adaptation of the existing building stock to changing climatic conditions.
Originality/value – The paper contributes towards policy making on flood risk adaptation and SME decision making, and informs policy makers and practitioners.
Original languageEnglish
Pages (from-to)474-488
Number of pages15
JournalDisaster Prevention and Management
Volume21
Issue number4
DOIs
Publication statusPublished - 2012

Fingerprint

small and medium-sized enterprise
resilience
natural disaster
flooding
event
continuity
Policy Making
Risk Management
Administrative Personnel
Cost-Benefit Analysis
policy making
Decision Making
risk management
decision making
methodology
costs

Bibliographical note

This article is © Emerald Group Publishing and permission has been granted for this version to appear here http://www.emeraldinsight.com/journals.htm?articleid=17050927&show=abstract. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.

Keywords

  • adaptation
  • climate change
  • flooding
  • SMEs
  • property
  • resilience

Cite this

Wedawatta, Gayan ; Ingirige, Bingunath. / Resilience and adaptation of small and medium-sized enterprises to flood risk. In: Disaster Prevention and Management. 2012 ; Vol. 21, No. 4. pp. 474-488.
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Resilience and adaptation of small and medium-sized enterprises to flood risk. / Wedawatta, Gayan; Ingirige, Bingunath.

In: Disaster Prevention and Management, Vol. 21, No. 4, 2012, p. 474-488.

Research output: Contribution to journalArticle

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AU - Wedawatta, Gayan

AU - Ingirige, Bingunath

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N2 - Purpose – The UK has experienced a number of flood events in recent years, and the intensity and frequency of such events are forecast to further increase in future due to changing climatic conditions. Accordingly, enhancing the resilience of small and medium-sized enterprises (SMEs) – which form an important segment in a society – to flood risk, has emerged as an important issue. However, SMEs often tend to underestimate the risk of flooding which tends to have a low priority in their business agenda. The purpose of this paper is to undertake an investigation of adaptation to the risk of flooding considering community-level measures, individual-level property protection, and business continuity and resilience measures.Design/methodology/approach – A total of four short case studies were conducted among SMEs to identify their response to flood risk, and what measures have been undertaken to manage the risk of flooding.Findings – It was observed that SMEs have implemented different property-level protection measures and generic business continuity/risk management measures, based on their requirements, to achieve a desired level of protection.Practical implications – SMEs are likely to positively respond to property-level adaptation following a post-flood situation. It is important that information such as costs/benefits of such measures and different options available are made accessible to SMEs affected by a flood event.Social implications – Implementation of property-level adaptation measures will contribute towards the long term adaptation of the existing building stock to changing climatic conditions.Originality/value – The paper contributes towards policy making on flood risk adaptation and SME decision making, and informs policy makers and practitioners.

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