Cheah, C Y J and Garvin, M J (2004) An open framework for corporate strategy in construction. Engineering, Construction and Architectural Management, 11(3), pp. 176-188. ISSN 0969-9988
Abstract
A new conceptual model for corporate strategy in the construction industry is presented that is derived from two principal inputs. First, the fundamental components of the model are based upon observations drawn from an empirical study of 24 international firms competing in global engineering and construction markets. Second, the accumulated intellect of different strategic theories developed over four decades of strategic management research helps to fortify the model with theoretical propositions and establish linkages among the model's basic components. The proposed model is comprised of seven strategic fields, two organizational mechanisms and a boundary notion that divides a firm's internal setting from its external environment. The model's development leads to two central propositions: strategic fields and organizational mechanisms should function as variables to react with external dynamics, and the interaction of these variables consequently promotes higher order differentiation factors that will enhance the strategic outlook of a firm.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction industry; corporate strategy |
| Index terms: | construction industry, interaction, construction market, dynamics, empirical study, linkage, corporate strategy, differentiation, strategic management, international firm |
| Subjects: | strategic management, business, organization, industry analysis, behavioral psychology, systems engineering, market analysis, management, research methods |
| Topics: | Organizational Design, International Construction, Governance, Business Strategy, Research Practice, Engineering Principles |
| 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