By Xianbo Zhao, Bon-Gang Hwang, Sui Pheng Low
ISBN-10: 9812875484
ISBN-13: 9789812875488
ISBN-10: 9812875492
ISBN-13: 9789812875495
This booklet presents readers an realizing of the implementation of firm chance administration (ERM) for foreign development operations. In a longer case examine, it essentially specializes in chinese language development businesses (CCFs) established in Singapore. during this regard, the ebook explains the variations and similarities among threat administration (RM), venture threat administration (PRM) and ERM within the building undefined, and examines their linkages for foreign building operations in a broader context. the reason elaborates on how businesses may perhaps undertake and enforce RM, PRM and ERM as applicable of their a variety of operations, either of their domestic industry in addition to in out of the country host markets. The publication additionally reports the full spectrum of labor on the subject of organizational habit (OB) as one of many key underpinnings for corporations to judge and enforce ERM. it's going to gain practitioners from the in addition to teachers drawn to the implementation of ERM practices in foreign building operations.
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Extra info for Enterprise Risk Management in International Construction Operations
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2009). 8 billion in 2012 (NBSC 2013). Firms doing ODI tended to select familiar contractors to undertake their construction works, thus presenting good opportunities to CCFs in the overseas markets. Furthermore, CCFs’ collaboration and partnering with their Japanese, American, or European counterparts has been a useful strategy when bidding for sophisticated projects. This also provided the opportunities to expanding into new markets. Partnering or joint ventures between CCFs, typically between civil engineering firms and mechanical and electrical supply/installation firms, were also very common (Lu et al.
Htm. Retrieved 13 July 2011 Yung P (2009) Institutional arrangements and construction safety in China: an empirical examination. Constr Manage Econ 27(5):439–450 Zhao ZY, Shen LY (2008) Are Chinese contractors competitive in international markets? Constr Manage Econ 26(3):225–236 Zhao ZY, Shen LY, Zuo J (2009) Performance and strategy of Chinese contractors in the international market. J Constr Eng Manage 135(2):108–118 Zhi H (1995) Risk management for overseas construction projects. Int J Proj Manage 13(4):231–237 Zou PXW, Fang D, Wang SQ, Loosemore M (2007a) An overview of the Chinese construction market and construction management practice.
4 Risk Management Practices of CCFs in the Overseas Market Effective risk management is crucial to the survival, profitability, and success of the CCFs that have ventured into the international arena where the risk exposure is higher. Inadequate information pertaining to the overseas environment and construction experience also contributed to a higher risk exposure and possibility of losses in the international market than that in the domestic market (Zhi 1995). Hence, it is necessary for the CCFs to properly analyze and understand the cultural, political, economic, institutional, and regulatory environment in their target overseas markets before they venture abroad (Zhao et al.
Enterprise Risk Management in International Construction Operations by Xianbo Zhao, Bon-Gang Hwang, Sui Pheng Low
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