Hastak, M; Vanegas, J A and Puyana-Camargo, M (1993) Time-based competition: Competitive advantage tool for A/E/C firms. Journal of Construction Engineering and Management, 119(4), pp. 785-800. ISSN 0733-9364
Abstract
With the ever-increasing competition in the architecture, engineering, and construction (A/E/C) industry, more and more A/E/C firms are considering new business strategies to gain a competitive market advantage, while still taking care of the needs and requirements of their customers. A new class of strategies, time-based competition (TBC) strategies, responds to the new competitive conditions of the market today, identifying time as the most critical variable in today’s competitive arena. Although these strategies have been extremely successful for an increasing number of firms in the industrial and service sector, A/E/C firms have not fully realized their strategic importance in gaining a competitive edge in the market. This paper describes some isolated examples of limited application of TBC in the A/E/C Industry, and introduces a conceptual framework for the implementation of TBC as a strategic tool for gaining a competitive advantage.
| Item Type: | Article |
|---|---|
| Index terms: | business strategy, strategy, conceptual framework, implementation, competition, competitive advantage |
| Subjects: | theoretical framing, management, market analysis, contractual arrangements, business |
| Topics: | Business Strategy, Research Practice, Procurement |
| Descriptive scope: | 2 CA |
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