Yucel, B and Azhar, S (2024) Investigating critical success factors and risks of construction technology startups: A systematic literature review. International Journal of Construction Management, 24(15), pp. 1655-1667. ISSN 1562-3599
Abstract
The construction industry has been strongly embracing innovation and technology in the past few years. Along with emerging technologies, many entrepreneurs have started to play a vital role in this process by providing solutions for specific problems in the construction sector through startups. However, the development of a construction technology (Contech) startup and the factors affecting its success are still unclear. Therefore, this study aims to investigate critical success factors and risks of Contech startups by utilizing the systematic approach of the Preferred Reporting Items for Systematic Review and Meta-Analyses (PRISMA) protocol. Forty-five (45) articles were included and analysed, and a total of 18 critical success factors were identified under (i) organizational capability, (ii) market strategy, and (iii) ecosystem engagement categories. Additionally, five (5) factors were presented under the risk factors category. The results showed that business model innovation, entrepreneurial support organization, founding team’s prior professional experience, and collaboration and inter-organizational learning, while uncertainty and marketing are the most highlighted risk factors in the selected articles. The study’s findings make a valuable addition to the existing body of knowledge, as they address the gap in understanding the factors and risks that contribute to the success of Contech startups.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction technology; entrepreneurship; innovation; startups |
| Index terms: | construction technology, entrepreneurship, body of knowledge, marketing, collaboration, meta-analysis, construction sector, startup, systematic literature review, construction industry, critical success factor, organizational capability, emerging technology, risk factor, strategy, business model, organizational learning |
| Subjects: | research evaluation and metrics, knowledge management, industry analysis, management, control systems, professional development, business, digital engineering, environmental hazards, sociology, innovation and technology management |
| Topics: | Project Management, Research Practice, Organizational Design, Digital Applications, Sustainability, Business Strategy, Information Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here