Matching Items (4)

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Intercultural Negotiation and Risk Mitigation

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In an increasingly global economy, companies face challenges with implementing successful business and marketing strategies in cultures different from their own. This paper calls upon previous research to compile a

In an increasingly global economy, companies face challenges with implementing successful business and marketing strategies in cultures different from their own. This paper calls upon previous research to compile a per-country outline of general behaviors and expectations when doing business overseas. Using categorical definitions from Hofstede's 1984 study and those found in the Handbook of Global and Multicultural Negotiation, a table has been prepared to group similar countries based on their cultural biases.

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Date Created
  • 2013-05

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Supply Chain Management Alternative Thesis- Risk Mitigation

Description

For the Supply Chain Management Alternative Thesis, I was required to attend 4 research seminars. After attending all four seminars, I wrote a summary for each one and then did

For the Supply Chain Management Alternative Thesis, I was required to attend 4 research seminars. After attending all four seminars, I wrote a summary for each one and then did my own research on a subject from one of the seminars. I selected the lecture from Mahyar Eftekhar to do more research on due to my passion of humanitarian work. The lecture delivered by Mahyar Eftekhar on September 27th, 2018 there was a question being asked, “How to improve service delivery, considering the peculiar characteristics of humanitarian supply chains?”. This question can either cost a company a lot of money or save it a lot of money. The problem is how do you reduce risk for a supply chain in humanitarian work? The objective of my research is to find different solutions on risk mitigation for humanitarian organizations and how to bring down costs for the supply chains that these organizations have. Risk mitigation can be difficult for events that happen randomly, but there are ways to help reduce risk. Reducing risk is key to humanitarian supply chains because it can save money for companies that have financial restrictions. Humanitarian supply chains are much different from typical supply chains, due to what is at stake. These supply chains cannot fail, because if they do lives will be put in danger. Disasters can happen at any moment and can range from all different types. Being prepared for the worst case scenario is important in humanitarian efforts in order to bring down costs and save lives.

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Date Created
  • 2019-05

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Assessment and Development of Contractors’ Mitigation Practices Towards Risks out of Contractors’ Control in the Saudi Construction Industry

Description

Recent studies have identified that contractors in the Saudi construction industry are not the main party that cause risks as owners and other parties have the major share of causing

Recent studies have identified that contractors in the Saudi construction industry are not the main party that cause risks as owners and other parties have the major share of causing risks. However, with the identification that risks out of contractors’ control are a leading cause of low performance, there is a lack of efficient risk mitigation practices in Saudi to manage these risks. The main aim of this dissertation is to assess the current practices applied by contractors to minimize risk out of their control and develop a risk mitigation model to manage these risks. The main objectives of the study are: investigating the risks that are out of contractors’ control, assessing the contractors’ current risk mitigation and performance measurement practices, and finally developing and validating a risk mitigation model to minimize risks out of contractors’ control and measure performance of involved project parties. To achieve the study aim, a mixed methodological approach was adopted. Theoretical approaches were utilized to review previous research and to develop a conceptual risk mitigation framework followed by a practical approach that is considered with collecting data from contractors. The quantitative method was mainly used to meet the study objectives through distributing a survey in the form of a questionnaire. As a consolidation of the study findings, the top ranked risks that are out of contractors’ control were identified. Furthermore, the results identified that the contractors’ current risk management and performance measurement practices are not effective in minimizing projects risks caused by other parties and ineffective in measuring performance of all parties. The developed model focuses on increasing accountability of project parties through mitigating project parties’ activities and risks with measuring the deviations and identifying sources of deviations. Transparency is utilized in the model through sharing weekly updates of the activities and risks combined with updated information of performance measurements of all project parties. The study results showed that project risks can be minimized and projects’ performance can be increased if contractors shift their focus using the developed model from only managing their own activities and risks to managing all project parties’ activities and risks.

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Date Created
  • 2018

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Leadership based structure improves performance

Description

The U.S. Army Medical Command has been testing a leadership based structure to increase the performance of delivering construction and facility services in its system of $600M of construction and

The U.S. Army Medical Command has been testing a leadership based structure to increase the performance of delivering construction and facility services in its system of $600M of construction and 26 major hospital facilities in the U.S. The organizational requirement was to minimize the management and oversight of contractors and simultaneously increase project performance. The research proposes that a leadership based structure can supplement the perception, preplanning, and risk minimization capability of a contractor's project manager, thus increasing the project performance (on time, within budget, and meeting expectations) and decreasing client management requirement. The projects were delivered in a best value and low price environment. The major impact of this research was that proactive management by contractors was more effective than traditional management such as direction, control, and inspection by client's professional representatives. The results based on data collection and date analyses validated that a leadership based structure can increase the performance of an organization and reduce its management requirement.

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Date Created
  • 2010