Oyewobi L O, W A R J O B (2013) The effects of business environments on corporate strategies and performance of construction organisations. In: Smith, S D and Ahiaga-Dagbui, D D (eds.) Proceedings of 29th Annual ARCOM Conference, 2-4 September 2013, Reading, UK.
Abstract
The study examines the moderating effects of business environment in the relationship between strategies used by construction organisations and examines how these can be used in attaining competitive advantage, and improved corporate performance. The grounds for the examination stems from arguments by researchers that efficient and effective business strategy is an essential tool employed by organisations to direct their business endeavours to the ever changing business environment and record continuous improved performance. The study involves a meta-study of extant literature on construction business environments and business strategies in-use. From this approach, a conceptual framework is proposed for relating business environment and corporate strategies used by construction organisations to their corporate performance that could serve as the basis for further studies in construction organisation strategic planning. Preliminary results of a pilot survey to examine the moderating effects of environmental dimensions on strategies and organisational performance are provided in support of the concept developed. The results reveal that organisations adopt differentiation strategies to ensure survival in a complex business environment. It thus concluded that dimensions of business environment have moderating effects on organisational strategies and performance.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | business strategy; competitiveness; corporate planning; organisation |
| Index terms: | competitiveness, competitive advantage, dimension, organizational performance, business strategy, corporate strategy, corporate planning, differentiation, strategy, conceptual framework, strategic planning, corporate performance, survey, survival, construction organization |
| Subjects: | data collection methods, organization, market analysis, business, theoretical framing, environmental science, management, health monitoring assessment and metrics, performance measurement |
| Topics: | Sustainability, Organizational Design, Research Practice, Quality Management, Business Strategy, Governance, Health and Safety |
| Descriptive scope: | 4 PCEA |
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