The Influence of Risk Management Culture and Process on Competitive Advantage: Mediation Role of Employee Engagement in Construction Companies in Senegal

 Lo Khadidiatou and Fan Luo
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 Lo Khadidiatou: School of Management, Wuhan University of Technology, Wuhan 430070, China
Fan Luo: School of Management, Wuhan University of Technology, Wuhan 430070, China

International Journal of Management Science and Business Administration, 2024, vol. 10, issue 4, 49-69

Abstract: This comprehensive study delves into the intricate examination of the intricate interplay between risk management culture, process, and competitive advantage in Senegal's construction industry. By utilizing data from a diverse pool of 280 construction companies, the study employed quantitative research methods, specifically utilizing Structural Equation Modeling (SEM) with Smart PLS as the analytical tool. The results shed light on the significant contributions of risk management culture and process to competitive advantage, while also emphasizing the crucial role of employee engagement as a mediator in this dynamic relationship. These findings highlight the importance of fostering a risk-aware culture, implementing robust risk management processes, and nurturing employee engagement to strengthen competitive advantage in Senegal's construction sector. Moreover, this study enhances the existing literature on risk management, employee engagement, and competitive advantage, offering valuable implications for industry managers and policymakers navigating the complexities of the construction sector in Senegal and similar contexts.Â

Keywords: Risk management culture;  Risk management process;  Employee engagement;  Competitive advantage (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijmsba:v:10:y:2024:i:4:p:49-69

DOI: 10.18775/ijmsba.1849-5664-5419.2014.104.1004

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