Global construction companies and their markets

2021 ◽  
pp. 93-129
Author(s):  
Igor Martek
Keyword(s):  
Construction Companies ◽  
Global Construction

scholarly journals The Framework for Effective Human Resource Management at Construction Site

2018 ◽  
Vol 203 ◽  
pp. 02002
Author(s):  
Idris Othman ◽  
Zain Hashim ◽  
Hisham Mohamad ◽  
Madzlan Napiah
Keyword(s):  
Resource Management ◽  
Human Resource Management ◽  
Construction Industry ◽  
Human Resource ◽  
Construction Site ◽  
Construction Work ◽  
Management Framework ◽  
Construction Companies ◽  
Global Construction ◽  
Detailed Questionnaire

Human resource management framework being one of the issue across global construction industries. It is a major concern in the construction industry because inefficiency, delay and cost from construction work could be affected and causing great losses to individuals and organizations. Therefore, resource management framework is changing the way resource management can be approached. Most of the construction companies around the world are implementing human resource management systems to reduce cost, eliminate delaying project, and to provide an efficient framework in their construction site. The objective of this paper is to investigate the effectiveness of implementing human resource management framework in construction site. The methodology included is a combination of literature review, market studies and detailed questionnaire survey before starting the actual survey, a pilot study for this questionnaire was done, which confirms its acceptance. Based on findings from the researcher, most of the company and contractor firms have awareness about management of resource at construction site as human resource management is a major concern on construction industries.

Strategic Planning and Strategy

2013 ◽  
pp. 1-23
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Business Strategies ◽  
Management Process ◽  
Construction Companies ◽  
Corporate Strategies ◽  
Construction Market ◽  
International Construction ◽  
Global Construction ◽  
Strategic Management Process

This chapter provides an understanding of why strategies are important to businesses. It begins with defining strategy, what it was before and what it is now, and the steps that it consists of that can be taken to realize that future desired state for the business. The direct relationship between competition and strategy is described to emphasize to businesses how competitive forces shape strategy. An overview of strategic planning, as well as the process of managing it, is presented to explain why businesses need to plan, what stages are there in the strategic management process, and how businesses can achieve their goal through adopting a formalized strategic management process. The two main categories of strategy—business and corporate strategies—are described to explain that the actions to be taken by businesses in order to gain competitive advantages from them are different in scope and purpose. In the context of the construction industry, the nature of business activities that take place during a cycle of economic expansion and contraction is explained. The topic of strategy is discussed further, making reference to its application as business strategies, as well as corporate strategies, by construction companies. Focusing on the global construction market, the business and corporate strategies practiced by some international construction companies are described in the form of case studies. The chapter concludes with a summary of the main points covered on strategic planning and strategy.

scholarly journals LEADERSHIP STYLE AND PERFORMANCE BASED ON INFORMAL WORKERS PERCEPTION

2018 ◽  
Vol 1 (2) ◽  
pp. 68
Author(s):  
Kukuh Lukiyanto
Keyword(s):  
Leadership Style ◽  
Effective Leadership ◽  
Phenomenological Approach ◽  
Informal Workers ◽  
Group Activities ◽  
Construction Companies ◽  
Foreign Companies ◽  
Effective Leaders ◽  
Global Construction ◽  
And Performance

Developing country workers in some sectors were still dominated by informal workers. They usually belong together in one group with one leader. Leaders controlled all group activities. The dependence and responsibilities of workers towards the leader was greater than the company. Companies would find it difficult to improve performance without relying on their leaders. This study purpose was to explore effective leadership and performance improvement in according to perception of informal workers. Characteristics of effective leadership could be used as a reference to determine the workers planning for national and global construction companies in Indonesia. Foreign companies that would enter to Indonesia could also study the employment situation in Indonesia to become more effective in completion their work. The phenomenological approach with qualitative method was used to reveal an assessment based on perceptions and perspectives of informal workers. The findings showed that characteristics of effective leaders in according to informal workers were: preferred by workers, care, understand the subordinates and keep promises. For such leaders they were willing to work hard so their leaders' achievements would be good.

scholarly journals Analysis of Safety Management Characteristics Using Network Analysis of CEO Messages in the Construction Industry

2020 ◽  
Vol 12 (14) ◽  
pp. 5771
Author(s):  
Yun Gil Choi ◽  
Keun Tae Cho
Keyword(s):  
Network Analysis ◽  
Safety Management ◽  
Chief Executive ◽  
Construction Companies ◽  
Literature Reviews ◽  
Global Construction ◽  
The Common ◽  
System Project ◽  
Safety Investment ◽  
Culture And Climate

Chief executive officer (CEO) messages are important in communicating with employees. In terms of sustainability management, it is important to study these messages for their finance and safety content; however, previous studies have focused mostly on the financial aspects. Therefore, our approach is to: (1) focus on safety management, (2) use text mining and network analysis to extract the keywords emphasized by the CEOs, (3) analyze safety management characteristics through factor mapping and network analysis, (4) make recommendations. When the results from the CEO communications of 100 global construction companies were reviewed, keywords including “management”, “value”, “employee”, “system”, “project”, “culture”, “new”, “occupational”, “practice”, and “basis” were deduced. The words “management”, “employee”, and “culture” were the common keywords considered important by CEOs and were highlighted in literature reviews as significant words. Both the deduced keywords and the words deemed important by the CEOs have similar connotations. Motivation, Rules and Regulations, and Resources and Equipment were the factors that exhibited the highest centrality, while Culture and Climate had a structurally high connection. Based on our results, we suggest selecting appropriate words to form consensus with the workers, supplementing the factors related to safety investment with low centrality, and using direct “safety” words, and other relevant words.

Examining the effect of xenophobia on “transnational” mega construction project (MCP) success

2020 ◽  
Vol 27 (5) ◽  
pp. 1119-1143 ◽  
Author(s):  
Umer Zaman
Keyword(s):  
Construction Industry ◽  
Structural Equation ◽  
Construction Projects ◽  
Research Direction ◽  
Equation Modeling ◽  
Content Type ◽  
Team Members ◽  
Construction Companies ◽  
Negative Effect ◽  
Global Construction

Purpose The purpose of this paper is to argue that modern-day xenophobia has emerged as one of the high-risk factors for transnational mega construction projects (MCP’s). While research in transnational MCP’s remains surprisingly under-explored, this study aimed to examine how transformational leadership (TFL) and HPW practices can still achieve MCP success despite the rise of xenophobia in the global construction industry. Design/methodology/approach This study examined survey-based sample evidence from 220 respondents including project team members (operational, quality and technical), project stakeholders (e.g. regulatory authority, subcontractors, functional managers, etc.) and project clients/sponsors. Partial least squares structural equation modeling (PLS-SEM) technique was employed to test the theoretical hypotheses and to highlight significance of a holistic and novel framework of MCP success. Findings This study’s core finding unveiled a significantly negative effect of xenophobia on MCP success (ß=−0.389, t=5.574, p<0.000). Interestingly, PLS-SEM results also showed a significantly negative effect of TFL on MCP success (ß=−0.172, t=2.323, p<0.018), whereas HPW practices demonstrated a significantly positive effect on MCP success (ß=0.633, t=9.558, p<0.000). In addition, xenophobia and MCP success relationship were positively moderated by TFL (ß=0.214, t=2.364, p<0.018) and HPW practices (ß=0.295, t=3.119, p<0.002), respectively. Research limitations/implications This study underscores the importance of TFL and HPW practices in explaining the linkage between xenophobia and MCP success. Besides advancement of broader multi-disciplinary research and cross-pollination of research ideas, this study also offers unique research direction to explore the potential impact of TFL and HPW practices in demographically diverse project settings especially in countries where xenophobia has swiftly become inevitable. Practical implications As many countries undertake MCP’s with national pride and high strategic importance, this study provides an exemplary model of transnational MCP success. This study shows that conscious use of TFL and HPW practices could guard against escalating xenophobia in the global construction industry. Originality/value This study is first to provide an empirically grounded model of MCP success that collectively examines the role of xenophobia, TFL and HPW practices. This research has developed practical references for transnational construction companies in strategic planning and management of MCP’s.

scholarly journals Comparison of CSR Activities between Global Construction Companies and Malaysian Construction Companies

2015 ◽  
Vol 03 (07) ◽  
pp. 92-98 ◽  
Author(s):  
Byung Gyoo Kang ◽  
Hussam Uddin Ahmad ◽  
Boon Hoe Goh ◽  
Myung Kyu Song
Keyword(s):  
Construction Companies ◽  
Global Construction

scholarly journals Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies

2019 ◽  
Vol 11 (1) ◽  
pp. 1975-1983
Author(s):  
Lana Lovrenčić Butković ◽  
Matej Mihić
Keyword(s):  
Construction Industry ◽  
Future Trends ◽  
Growth Strategies ◽  
Foreign Markets ◽  
Potential Growth ◽  
Construction Companies ◽  
Construction Market ◽  
International Construction ◽  
Current State ◽  
Global Construction

Abstract Today’s level of globalization and intensifying of competition have resulted in increased number of companies that aim to internationalize their business, and internationalization is gaining more and more significance among the research community. There are not only many perceived benefits of conducting business activities outside one’s home country but also additional risks, challenges and barriers. Construction industry is specific in its nature as it is an extremely regulated profession. This presents an additional challenge to the construction companies seeking to internationalize their business. The goal of the paper is to analyze the current levels of internationalization on the global construction market and to gain insight into future trends, which are achieved by analyzing business data regarding the international construction sector and the data on international results of the Croatian construction companies. The paper first presents the development of the international construction market, followed by the report on the current state of the internationalization in the construction industry as well as on future trends. Finally, the paper presents an overview on the Croatian construction companies and their performance on the foreign markets and gives guidelines or potential growth strategies to participate on the foreign markets.

Assessment of Electronic Procurement Practices on Project Delivery, Case Study of Selected Construction Companies in Oyo State

2018 ◽  
pp. 257-266
Keyword(s):  
Construction Industry ◽  
Information Exchange ◽  
Ease Of Use ◽  
Project Delivery ◽  
Development Programs ◽  
Construction Firms ◽  
Construction Companies ◽  
Electronic Procurement ◽  
Ict Infrastructure ◽  
E Mail

This study investigated the use of e-Procurement in selected construction firms in Oyo state, Nigeria. The data were derived using a well-structured questionnaire survey involving 104 respondents. Descriptive statistical and correlation analyses were used to analyze the data. Findings show that the use of electronic procurement in the selected construction firms for carrying out procurement function is high with majority of the professionals affirming the use of the system, the four categories of e-Procurement used were e-mail, static websites, web.2.0 technologies and portals that have capabilities of supporting the execution of functions limited to intra and inter firm communication and exchange of project information and data. Consequently, between 84 percent and 76 percent of the respondents used these e-Procurement technologies for communication of information, exchange of bill of quantities, project reports, CAD drawings and project specifications. Consequently, factors with the highest positive impacts on the use of these technologies in the firms were the speed of transactions, lower transaction cost and ease of use. The study implies that the selected construction firms in Oyo state Nigeria predominantly use e-mails and websites to support the execution of pre-award phase of construction procurement. Finding also shows that there is positive relationship between e-Procurement (e-Notifying, e-Exchange, and e-Submission of bid) and Project delivery. The study suggests that to accelerate the rate of uptake of e-Procurement and maximize its benefits in the Nigerian construction industry, there is a need to improve the quality and quantity of ICT infrastructure across the country; and to embark on aggressive enlightenment campaigns, training and skill development programs in the use of e-Procurement in the construction industry in this country.

Balanced Scorecard in the strategic planning of a construction company

2018 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Roberth Frias ◽  
Maria Medina
Keyword(s):  
Strategic Planning ◽  
Strategic Management ◽  
Balanced Scorecard ◽  
Organization Theory ◽  
Management Control ◽  
Management Tool ◽  
The Balanced Scorecard ◽  
Construction Company ◽  
Construction Companies ◽  
The Impact

This research focused on the strategic management tool Balanced Scorecard and strategic planning, as a guide to guide the management of companies, allowing communication and the functionality of the strategy using KPIs that allow to identify, maintain control and increase efficiency and the achievement of optimal results. For the deductive hypothetical analysis, the specific factors that affect business management performance were grouped into two variables: Balanced Scorecard and Strategic Planning. The objective of the work was to demonstrate the impact of the Balanced Scorecard in the strategic planning of a construction company. In order to support the research, the following theories were approached: the Financial Theory, the Economic Theory of the Company, the Transaction Costs, the Network Theory, the Organization Theory, the Dependence on Resources, the Strategic Management Theory and the Business Diagnosis Theory. The result obtained confirms the hypothesis that there is a significant incidence of the Balanced Scorecard in the strategic planning of construction companies. In conclusion, the construction company has obtained significant improvements in the results in each of the indicators evaluated with the implementation of the Balanced Scorecard, demonstrating improvements in their management results, affirming that there is better performance and management control allowing them to achieve the organizational objectives set.

Sign in / Sign up

Export Citation Format

Share Document