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Constructing a risk management indicator model for travel agencies: a resource integration perspective
Authors:Te-Yi Chang  Ching-Cheng Shen
Institution:Graduate Institute of Tourism Management, National Kaohsiung University of Hospitality and Tourism, Kaohsiung, Taiwan, ROC
Abstract:ABSTRACT

This study integrated resource-based theory and resource dependence theory, and introduced risk management on Taiwan's travel agencies. First, through in-depth interviews with experts and content analysis, preliminary items were generated. Second, using the modified Delphi method to converge expert consensus, and 7 facets with 37 items was formulated. Next, the criteria in the various levels were weighted through the Analytic Hierarchy Process and ranked. This study result showed that priority operating risks for Taiwan's travel agencies were financial risks, competing risks and supply chain risks. This study found can be used by travel agencies in risk management and competitive strategies.
Keywords:Resource-based theory  resource dependence theory  risk management  content analysis  Delphi method  the analytic hierarchy process  tourism risk  travel agencies  strategic management  indicator
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