Adnan, H (2004) Joint venture projects in Malaysian construction industry: Factors critical to success. PhD thesis, Nottingham Trent University, UK.
Abstract
This thesis investigates the factors that are of critical importance when carrying out JV construction projects between the local and local indigenous Malaysian and foreign contractors in Malaysia. The aim of the research study is to identify the primary factors which support the successful application of joint venture arrangements in construction projects in Malaysia. These factors are identified through a triangulated methodology, which involves a literature search, questionnaire surveys, forty-three in-depth interviews and a Delphi expert panel. Following two iterations of the Delphi panel, a ranked order of relative criticality for the factors were produced. Ultimately seven factors ranked as the most important Critical Success Factors (CSFs) included inter-partner trust, mutual understanding, criteria for partner selection, agreement of contract, compatibility of objectives, conflict and commitment. Factors that may reduce the likelihood of failure if included in the project but will have no effect upon the probability of success are submitted as Failure Reduction Criteria. The fourteen factors ranked as FRCs were communication, cultural understanding, profit, partner experience, financial stability, cooperation, equity control, management control, coordination, effective human resource management, motivation for forming JV, organisational structure, knowledge transfer and size compatibility of partner's firm. The findings of this research offer valuable information to any organization whether public or private in Malaysia or in other countries, in their quest to successfully procure construction joint venture projects.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | Malaysia; communication; coordination; failure; human resource management; joint venture; motivation; organisational structure; probability; trust |
| Index terms: | joint venture, partner selection, Malaysia, coordination, construction industry, organizational structure, interview, foreign contractor, survey, motivation, profit, commitment, human resource management, stability, knowledge transfer, questionnaire, methodology, construction project, cooperation, critical success factor |
| Subjects: | Geography, production management, research methods, structural engineering, research dissemination and communication, economic analysis, psychology, management, industry analysis, sociology, partnership management, control systems, business, data collection methods |
| Topics: | Research Practice, Business Strategy, Stakeholder Management, International Construction, Human Resources, Digital Applications, Organizational Design, Engineering Principles, Geographical Context, Project 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