Hazard Mitigation Investment Decision Making: Organizational Response To Legislative Mandate

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Issue:

Business

 

Written by:

Karen H

 

Date added:

September 29, 2014

 

Level:

College

 

Grade:

B

 

No of pages / words:

1 / 171

 

Was viewed:

8244 times

 

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Essay content:

Drawing first on transaction cost economic theory, we suggest that whether and how an organization decides to invest in hazard mitigation depends partly on whether the organization believes that such investments will yield a profitable return. Then, consistent with institutional theory, we argue that there are external and internal forces that influence how and whether organizations choose to mitigate against extreme events...
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Next, we rely on both upper-echelons and organizational strategy theory to argue that the characteristics of an organization’s top management team and its generic strategy will influence the hazard mitigation investment decision-making process and outcomes.
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