Political risk management during instability: the experience of readymade garment manufacturing firms in Bangladesh
Saha, Krishnendu (2019) Political risk management during instability: the experience of readymade garment manufacturing firms in Bangladesh. In: Risk Management in Engineering and Construction: Tools and Techniques. Taylor and Francis / Routledge, pp. 430-452. ISBN 9780415480178
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Abstract
Political risk is one of the major concerns for managers, particularly for those who conduct business in political volatile developing countries. This chapter examines the nature of political risks, their impact assessment process and risk management strategies in a developing country context. Using a multiple case study method for the readymade garment (RMG) industry in Bangladesh, the study discovered that political risks mainly arise from the nature of the political institutions and the governing system of a country; and its evolution as a political entity. The study also finds that institutionalisation of risk assessment is quite rare in developing countries, even for the mature industries. The risk management strategy depends largely on the political activities and connection of the firms. The lobbying power of the trade association is significant as well. Besides the theoretical contributions, this study offers a probability assessment method that is operationalisable in its original form or can be tailored to develop a bespoke risk assessment tool.
Item Type: | Book Section |
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Additional Information: | This chapter is based on Saha, K. (2018) Governance and Trade: A Mixed-Method Analysis of Governance Impact on Bangladeshi Apparel Trade Performance, PhD thesis, Birmingham City University, Birmingham. |
Dates: | Date Event 9 September 2019 Published Online 27 September 2019 Published |
Uncontrolled Keywords: | Political instability, Political risk management, Readymade garment (RMG) industry, Multiple case study method. |
Subjects: | CAH17 - business and management > CAH17-01 - business and management > CAH17-01-02 - business studies CAH17 - business and management > CAH17-01 - business and management > CAH17-01-04 - management studies CAH17 - business and management > CAH17-01 - business and management > CAH17-01-05 - human resource management |
Divisions: | Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship |
Depositing User: | Krish Saha |
Date Deposited: | 26 Sep 2019 15:53 |
Last Modified: | 20 Jun 2024 12:06 |
URI: | https://www.open-access.bcu.ac.uk/id/eprint/7637 |
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