Developing an organizational learning‐based model for risk management in Chinese construction firms

Purpose – The features of construction projects, characterized by their transient nature, multi‐players, and strong dependency on local natural and human environment, highlight the difficulties of risk management in construction firms. This is particularly crucial when a construction firm ventures overseas where the risk exposure is high. However, it is unclear how Chinese construction firms would behave organizationally or if they have adopted appropriate risk management best practices, especially when they operate outside of Mainland China. Moreover, it is also unclear if such firms have formally documented risk management lessons for the purpose of organizational learning to share both success and failure so that similar mistakes can be avoided in the future. This paper primarily aims to establish a conceptual framework linking organizational learning with risk management, focusing on the organizational behavior of Chinese construction firms when they operate in both Mainland China and overseas.Design/...

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