Morledge, R and Adnan, H (2005) The importance of trust to the success of joint venture projects. Journal of Construction Procurement, 11(2),
Abstract
International Joint Ventures represent a potentially effective way of competing globally in construction markets. Recent years have seen an increase in the adoption of their usage. The failure rate of such ventures is, however, relatively high and was the catalyst underpinning the research on which the paper is based. The research has identified those factors perceived by experienced practitioners to be key to success and in particular how 'soft' factors associated with social values, mutual understanding and trust are ranked against other more contractual and technical factors. The findings indicate that trust and mutual understanding were ranked highest of all the factors identified and consequently are contended to be vital to exist to enable the success of international joint venture projects.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | international joint ventures, critical success factors, trust, mutual understanding |
| Index terms: | critical success factor, joint venture, social value, construction market, practitioner |
| Subjects: | control systems, market analysis, practitioner, business, sociology |
| Topics: | Business Strategy, Research Practice, Roles and Professions, Urban Studies, Project Management |
| Descriptive scope: | 3 PCT |
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