Akunyumu, S; Fugar, F D K and Adinyira, E (2023) An assessment of the readiness of construction firms for international construction joint ventures (icjvs) using the verdict model. Journal of Engineering, Design and Technology, 21(5), pp. 1253-1279. ISSN 1726-0531
Abstract
Purpose: The purpose of this study was to assess the readiness of construction companies in Ghana to partner with foreign companies in international construction joint ventures (ICJVs). Design/methodology/approach: Using the Verify End-User e-Readiness using a Diagnostic Tool (VERDICT) model, a survey with 31 construction companies was conducted to assess their readiness through four pre-defined elements of readiness. Findings: The results indicated the readiness of construction companies to collaborate with potential foreign partners in ICJVs. Notwithstanding, certain areas such as management commitment to change, employee buy-in, process flexibility and technology infrastructure need improvement in some firms to achieve readiness. Government has a role in ensuring the readiness of domestic firms for the international market. Originality/value: This study applies the VERDICT model, a tool originally designed to assess construction organizations' readiness for e-commerce, to assess the readiness of Ghanaian construction companies for ICJVs.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | developing countries; international construction; joint ventures; readiness assessment; strategic partnership; verdict |
| Index terms: | methodology, construction firm, construction company, survey, commitment, developing country, international market, international construction, readiness assessment, e-commerce, Ghana, partnership, joint venture, construction organization |
| Subjects: | digital commerce, psychology, business, organization, data collection methods, risk assessment, strategic management, partnership management, development economics, Geography, research methods |
| Topics: | Digital Applications, International Construction, Organizational Design, Business Strategy, Geographical Context, Research Practice, Stakeholder Management, Risk Management |
| Descriptive scope: | 4 PCTE |
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