Crisis preparedness of construction companies
Loosemore, Martin & Teo, Melissa (2000) Crisis preparedness of construction companies. Journal of Management in Engineering, 16(5), pp. 60-65.
In high-risk industries, companies with well-conceived crisis management plans are at a commercial advantage. While there is some understanding of the risk management practices of construction companies, there is little insight into their crisis preparedness. This paper presents the findings of exploratory research that investigated this issue. Using a diagnostic model of crisis preparedness that has been developed and tested across a broad range of industries, it concludes that if the sample surveyed is typical, then corporate philosophies in construction companies do not support crisis management activities. Furthermore, crisis planning is rudimentary and undertaken in an insular, informal, fragmented fashion, supported by few resources and little strategic guidance. Consequently, many construction companies will have an inadequate understanding of their crisis exposure, of how to cope with crises when they happen, and of how to learn and recover from their aftermath.
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|Item Type:||Journal Article|
|Keywords:||Construction Companies, Crisis Preparedness, Management Plans, Organizational Crises, Mitroff and Pearson's Diagnostic Model|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building not elsewhere classified (120299)
|Divisions:||Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering|
|Copyright Owner:||Copyright 2000 Asce-American Society of Civil Engineers|
|Deposited On:||01 Nov 2011 00:00|
|Last Modified:||01 Nov 2011 01:49|
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