These firms are constantly exposed to business risks, thus requiring an integrated, focused RM approach to managing risks on an enterprise basis defined as ERM. Hence, this study aims to investigate the corporate value of enterprise risk management segal pdf for and obstacles to ERM implementation in construction firms. The work methodology included a literature search relating to ERM.
Science Direct, Taylor and Francis Online, and Emerald. Fifteen drivers and thirty-four obstacles were identified. The study revealed that proper ERM requires the board and senior management to ensure that all potential threats to ERM are taken into account. They should also check the efficiency of the measures adopted at the enterprise level, document on the outcomes and review the assessment regularly to keep it updated. Construction firms can use the drivers and obstacles revealed in this treatise to prepare their customized list of drivers and obstacles.
This study contributes to global knowledge relating to ERM and allows management to overcome the challenges posed by the significant obstacles. Peer-review under responsibility of the organizing committee of the Creative Construction Conference 2016. 2016 Published by Elsevier Ltd. Value-creating assets are recognised as critical in today’s tourism management field. However, empirical research to date has not yet developed a useful conceptual framework for managing and marketing such assets. 20 publicly-listed European and US hotels. However, the hotel companies’ disclosures on generic items of Guest and Employees indicate they are overlooking the capacity for value-creation from such IC.
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