Question
Gibbons Brothers Case Study: Among general contractors making a name for themselves in the state of West Virginia, Gibbons Brothers must be considered an up-and-comer.
Gibbons Brothers Case Study: Among general contractors making a name for themselves in the state of West Virginia, Gibbons Brothers must be considered an up-and-comer. With $250 million in annual revenues, the firm is based in Morgantown, home to the proud tradition of West Virginia University and its Mountaineers. There is nothing about Gibbons Brothers that isnt homegrown. They started, basically, as a framing crew on other contractors home construction projects. The company led by brothers Aaron and Roger Gibbons, both former footballers gradually pulled itself up by its bootstraps and became a general contractor. One of its crowning achievements, and one that caught the eye of business publication editors regionally, was that, after 15 years in business, they won the contract to oversee development of a minor league baseball stadium outside of Charleston, West Virginia. The stadium project was a gleaming success. Encouraged by their local success, and suffering from a little ego growth, Gibbons Brothers started to eye other geographies. Having already won contracts in southwestern Pennsylvania and Maryland, they cast their net toward Florida, Georgia, and Texas. Homework Assignment: 1. Based on Gibbons Brothers business, list what you would identify as potential risks for Gibbons Brothers and why? 2. Based on Gibbons Brothers business what is Gibbons Brothers Risk Appetite? (See, page 57). 3. You are the Enterprise Risk Consultant. Gibbons Brothers is in desperate need of a mission statement. Write Two (2) Mission Statements on behalf of Gibbons Brothers.
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