Setiawan, H; Erdogan, B and Ogunlana, S O (2012) Corporate entrepreneurship for contracting companies: The current issue. In: Smith, S D (ed.) Proceedings of 28th Annual ARCOM Conference, 3-5 September 2012, Edinburgh, UK.
Abstract
Entrepreneurship has recently received major attention from many business practitioners and scholars and evolved rapidly in many industries. Due to the project based nature, high competition and business risk characteristics of the construction industry, entrepreneurship is considered very important for sustaining and improving the performance of contractors. An extensive literature review on entrepreneurship, with a particular focus on the implementation of corporate entrepreneurship by contractors, has been carried out. It was found that corporate entrepreneurship is defined by many characteristics. This study adopted the characteristics which are grouped into five categories: innovativeness, risk-taking, competitive aggressiveness, pro-activeness, and autonomy (Lumpkin and Dess, 1996). There is very little research focusing on entrepreneurship in the construction industry, exploring those characteristics together. So far, researches in construction management have only been carried out in innovativeness, risk taking and competitive aggressiveness individually. This study, as part of doctoral study, is aimed at clarifying the entrepreneurship concept and presents a theoretical framework to investigate entrepreneurship in construction in a systematic way in order to illuminate further studies that will investigate the relationships between each characteristic and to explore the outcomes of different combinations of these characteristics in terms of corporate strategies.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | corporate strategy; contractors; entrepreneurship |
| Index terms: | literature review, corporate strategy, risk taking, construction industry, implementation, practitioner, entrepreneurship, competition |
| Subjects: | contractual arrangements, data analysis and analytics, practitioner, business, industry analysis, market analysis, decision-making and reasoning |
| Topics: | Business Strategy, Research Practice, Roles and Professions, Procurement, Governance |
| Descriptive scope: | 4 PCTA |
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