Carrillo, P and Heavey, I A N (2000) UK contractors' acquisitions strategy for central and eastern Europe. Engineering, Construction and Architectural Management, 7(3), pp. 322-328. ISSN 0969-9988
Abstract
Large construction companies operate in geographically diverse locations, often in very competitive conditions and in a dynamic environment. A strategy for continuing growth in earnings is necessary. Acquisitions are a way of achieving external growth. The aim of this paper is to investigate the acquisitions strategies of UK contractors towards the emerging markets of Central and Eastern Europe. Five UK contractors, which had the highest turnover in overseas business, were chosen as the subject group. The paper finds that, although these contractors acknowledge that there is a potential market, they are adopting a very cautious view by not setting up permanent offices and by hoping to win work through contacts with Western clients.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | acquisitions strategy; Central and Eastern Europe; construction companies |
| Index terms: | emerging market, turnover, construction company, strategy, Europe, acquisition |
| Subjects: | organization, business, economic analysis, business management, management, physical geography and landforms |
| Topics: | International Construction, Geographical Context, Business Strategy |
| Descriptive scope: | 2 PC |
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