SUBSTANTIATION OF THE METHODICAL APPROACH TO ASSESSING THE INNOVATIVE DEVELOPMENT OF CONSTRUCTION ENTERPRISES

2017 ◽  
Author(s):  
Sviatoslav Kniaz ◽  
◽  
Ruslan Skrynkovskyy ◽  
Marcel Kurt Mainka ◽  
Roman Rusyn-Hrynyk ◽  
...  
Keyword(s):  
Construction Industry ◽  
Methodological Approach ◽  
Innovative Technology ◽  
Innovative Development ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Current Trends ◽  
Methodical Approach ◽  
Innovative Solution

The purpose of the article is to improve the methodological support for a comprehensive assessment of the innovative development of enterprises in the construction industry. Based on the results of the study, the strengths and weaknesses of existing approaches were critically analyzed and a methodological approach to assessing the innovative development of construction enterprises was proposed. Clarifications of such concepts (economic categories) as: innovative solution, creative-active workers, creative construction project, innovative building material, innovative engineering structure, innovative technology are presented. Relative indicators are analyzed, with the help of which the level of innovative development of a construction company is determined. The Harrington scale was used to analyze the values of indicators characterizing the level of innovative development of a construction company. It has been established that the current trends that have developed in the construction industry in Ukraine require Ukrainian construction companies to intensively attract and use innovative technologies. It is noted that the prospects for further research in this direction include the definition and substantiation of factors of influence on the effectiveness of the application of the system-functional approach in the management of innovative development of construction enterprises.

scholarly journals Modern aspects of innovative development of construction companies

2021 ◽  
Vol 2 (47) ◽  
pp. 40-47
Author(s):  
I.О. Shaposhnikova
Keyword(s):  
Construction Industry ◽  
Economic Assessment ◽  
Innovative Activity ◽  
Innovative Development ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Industrial Enterprises ◽  
The Impact

The article is devoted to the analysis of modern aspects of innovative activities of construction companies. The problems of introducing innovations, which construction enterprises are faced with today, have been investigated; the impact of the identified problems on the activities of enterprises in the construction industry is noted; attention is paid to the organization of activities, management methods, search for sources of funding for innovations and assessment of the effectiveness of their implementation. The priorities for the further development of enterprises in the construction industry and the main strategic steps in the implementation of innovations have been determined. Attention is focused on the need to introduce innovations into the activities of the enterprise to ensure stable competitiveness. It is noted that among the methods of effective management of innovations, it is necessary to focus on those that will allow the construction company to improve its competitive position in the market. The advantages of introducing innovations into the activities of construction enterprises are analyzed. The main directions of innovative development in the construction industry and the types of innovations in terms of functional orientation have been determined. It is proposed to develop projects for innovative development of enterprises, taking into account the latest world developments in the construction industry. The necessity of conducting economic assessment and risks when introducing innovations has been substantiated. The specified sources of financing for innovative projects, both state and at the enterprise level. The sources of financing the innovative activity of industrial enterprises for five years, as well as the number of applications for utility models in the direction of "construction" are analyzed. The main methods of organizing the innovative activity of a construction enterprise are considered. The sequence of actions for the implementation of innovative development in the activities of construction enterprises has been determined. The main risk factors that enterprises face when introducing innovations into their activities have been identified. The main principles of the risk management system for the innovative development of the enterprise have been determined, should be aimed at mitigating the impact of risks on the final results of the enterprise.

scholarly journals Business process reengineering for the increase in the environmental friendliness of construction

2019 ◽  
Vol 91 ◽  
pp. 08048
Author(s):  
Natalia Shchepkina ◽  
Maiya Kramchaninova
Keyword(s):  
Construction Industry ◽  
Environmental Economics ◽  
Business Processes ◽  
Negative Impact ◽  
Process Reengineering ◽  
Environmental Friendliness ◽  
Construction Company ◽  
Construction Companies ◽  
Ecological Requirements ◽  
Current Trends

Some current trends and prospects of the world construction industry development from environmental economics position are presented in article. The increased role of innovations and their influence on the competitiveness of construction company in the context of economic, social and ecological components is analyzed. Reduction of some negative impact of all the types of technological processes of construction on the environment is connected with the growth of innovative opportunities. This research proves the need of overcoming technical and technological lag for the development of the construction industry by the means of introduction of business processes management instruments. Justification of reengineering as an effective way of transformation of the technology of construction production is made. The algorithm of stage-by-stage reengineering of business processes, offered in the article is the instrument of effective introduction of technological innovations in the construction companies according to current ecological requirements.

STATUS AND CURRENT TRENDS IN THE DEVELOPMENT OF THE CONSTRUCTION SECTOR IN THE TRANSFORMATION PROCESSES OF UKRAINE

2018 ◽  
Author(s):  
Kostiantyn Mamonov ◽  
◽  
Volodymyr Velychko ◽  
Vladyslava Troian ◽  
◽  
...  
Keyword(s):  
Construction Industry ◽  
Residential Buildings ◽  
Construction Sector ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Slowing Down ◽  
Current Trends ◽  
Construction Products ◽  
Special Value ◽  
Transformation Processes

Modern tendencies of development of construction enterprises are considered. The main directions are investigated scientific developments in the development of the country's construction industry. Data on number of enterprises and entrepreneurs, their changes in recent years. It is proved that in modern conditions the functioning of the construction industry is characterized by ambiguous processes, which are determined by slowing down the development of construction companies, reducing their logistical and production potential, slowing down the growth of key performance indicators. It is determined that the issue of determining the state and current trends in the development of the construction sector, taking into account the transformation processes taking place in the economy of Ukraine. The tendencies of development of the basic indicators of functioning of construction sphere are established. In particular, the wave-like nature of changes in the index of construction products in 2011 - 2020 was determined, the dynamics of the volume of construction products by its types in 2014 - 2020 indicates their growth almost 4 times. Thus, the presented processes occur both in inhabited, and the non-residential sector. In the field of construction of civil engineering works there is also an increase in production by 4.6 times. The study identified ambiguous trends in the construction industry, which are characterized by a wavy trend where periods of growth in construction output change to periods of decline. Over the past two years, the construction industry has shown an increase in production and delivery of the total area of residential and non-residential buildings. However, the construction sector does not show stable development trends. In such conditions the development and realization of modern methods and models of management of the presented sphere, formation of a quantitative basis of development of strategic directions of development of construction sphere has special value.

scholarly journals Framework of performance measurement practices in construction companies in Egypt

2018 ◽  
Vol 10 (2) ◽  
pp. 7-14 ◽  
Author(s):  
Krzysztof Dziekoński ◽  
Omar Hesham Mohamed Fawzy Ibrahim ◽  
Abdul-Majeed Mahamadu ◽  
Patrick Manu
Keyword(s):  
Performance Measurement ◽  
Performance Assessment ◽  
Performance Management ◽  
Construction Industry ◽  
Dominant Role ◽  
Holistic Approach ◽  
Company Performance ◽  
Construction Company ◽  
Construction Companies ◽  
Performance Measurement Systems

Abstract Construction industry is considered as one of the most important sectors in Egypt. One of the major challenges faced by the industry, however, is the unavailability of suitable performance measurement systems for assessing companies’ performance. Modern performance assessment systems adopt a more universal approach to the measurement of construction company performance as opposed to the traditional project triangle. This paper aims to examine the practice of performance measurement in the Egyptian construction industry. Results show dominant role of in-house developed performance management systems as well as the use of KPIs as a method of performance assessment. The study further reveals that the highest importance is given to measures related to the time of project delivery, quality of works, clients’ satisfaction and profitability. Hence, the traditional project triangle of project’s success is the most prevalent approach to performance evaluation in the construction industry in Egypt. However, a shift towards a more holistic approach to performance assessment in larger companies was observed.

Exploring the use of financial capacity as a predictor of construction company corporate performance

2015 ◽  
Vol 13 (4) ◽  
pp. 596-611 ◽  
Author(s):  
George Cyril Tucker ◽  
Abimbola Windapo ◽  
Keith Stone Cattell
Keyword(s):  
Financial Performance ◽  
Construction Industry ◽  
South African ◽  
Corporate Performance ◽  
Financial Capital ◽  
Content Type ◽  
Financial Capacity ◽  
Construction Company ◽  
Construction Companies ◽  
Operational Variables

Purpose – The purpose of this paper is to examine the resilient operational variables that impact the corporate performance of construction companies in the South African construction industry and to explore whether financial capacity can be used as a predictor of construction company performance in the context of the South African construction industry. Design/methodology/approach – The operational variables of construction companies that impact their corporate performance were identified through an in-depth review of the extant literature. A combination of convenience and snowball sampling techniques were used in identifying 185 building and civil engineering construction companies based in four provinces of South Africa and registered in Grades 2-6 of the Construction Industry Development Board (CIDB) contractor grading register. The data used in the study were collected from this cohort of respondents through the use of structured questionnaires. At the end of the study period, 62 valid responses representing a response rate of 33.5 per cent were received. Data collected were analyzed using descriptive and inferential statistics. Findings – The findings of this study indicate that there is a significant positive relationship between the financial capital and net assets of construction companies and their corporate performance in terms of turnover. The data collected did not support any significant relationship between other operating financial variables, such as Return on Capital Employed and profitability and financial performance. Research limitations/implications – A predictive model for predicting the financial performance of firms was developed from the data collected. The implication of this is that the more financial capital possessed by a construction company, the more the company’s financial performance in terms of turnover. The CIDB can use financial capacity as a measure when grading contractors, as a good number of contractors are not performing. The predictive model developed could be adopted by the CIDB as an instrument for predicting the corporate financial performance of construction companies that seek to be listed on their contractor grading register. Originality/value – This research will be of significance to researchers and members of the research community in providing new knowledge as well as to contractors in enabling them to understand the importance of having financial capital. It is also of importance to the CIDB in their quest for contractor and construction industry development. Further research to validate the results obtained in this study using a larger sample size across more provinces of South Africa will form the basis of future studies.

scholarly journals From the Research on Risk Management in Polish Construction Enterprises

2019 ◽  
Vol 262 ◽  
pp. 07009 ◽  
Author(s):  
Józef Myrczek ◽  
Piotr Tworek
Keyword(s):  
Construction Industry ◽  
Synthetic Approach ◽  
Construction Sector ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Financing Risk ◽  
Potential Risks ◽  
The Subject ◽  
Managing Risk ◽  
Almost All

A variety of insurance options are used when managing risk in the construction industry. Numerous insurers operating on the Polish market provide suitable types of insurance, thus allowing participants of a construction process to obtain a comprehensive cover against almost all potential risks. Therefore, ‘all-risks’ types of insurance is of particular importance in case of construction and assembly activities. In addition to this instrument, the paper also deals with other forms of insurance used in the construction sector in Poland, which apply to various aspects of activities conducted by actors involved a construction project. This is the main topic of the paper, which also outlines the theory on the subject as well as providing the results of empirical research carried out in this area and emphasizing the practical applicability of the discussions. Consequently, the key aim of the paper is to present the issues related to insurance in the construction industry as a method of financing risk in operations of construction companies. The paper adopts a synthetic approach to these issues. The paper also reviews the related scholarly literature.

scholarly journals Modeling optimal solutions with the use of heat technologies based on graph theory

2018 ◽  
Vol 193 ◽  
pp. 03002 ◽  
Author(s):  
Natalya Trukhina ◽  
Ella Okolelova
Keyword(s):  
Graph Theory ◽  
Energy Saving ◽  
Minimum Cost ◽  
Optimal Solutions ◽  
Graphical Modeling ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Improved Performance ◽  
Main Factor

The article describes the types of energy efficient technologies focused on energy saving. The presented technologies have significantly improved performance, while the disadvantage is high cost, which is the main factor preventing the introduction of energy saving technologies in construction. In this regard, solve the problem of optimizing the choice of the possible heat saving technologies of construction enterprises based on their financial and production capabilities based on graph theory. As a result, identify the technology yielding the greatest effect at minimum cost. The decision process is formalized as a graphical structure. In this case, the problem of finding the optimal solutions solved in graph theory. Graphical modeling of the structure of relations allows to visualize and organize variants of the consistent use of energy-saving technologies construction companies. On the basis of the construction of adjacency matrices organization of construction production is planned based on the use of energy-saving technologies determines the best combination of the ability of the construction company and the effectiveness to the execution of the technology.

Reducing waste to landfill in the UK: identifying impediments and critical solutions

2013 ◽  
Vol 10 (2) ◽  
pp. 131-142 ◽  
Author(s):  
Lukumon O. Oyedele ◽  
Martin Regan ◽  
Jason von Meding ◽  
Ashraf Ahmed ◽  
Obas John Ebohon ◽  
...  
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Methodological Approach ◽  
Cost Savings ◽  
Content Type ◽  
Construction Companies ◽  
Early Communication ◽  
Design Changes ◽  
Critical Solutions ◽  
The Uk

PurposeThe UK construction industry produces up to one third of all waste to landfill. This study aims to identify specific project practices impeding the reduction of waste in construction projects as well as uncovering potential waste solutions throughout the project delivery process. The rationale being that for such a drastic reduction in waste to landfill, holistic and extensive measures would be required.Design/methodology/approachA two‐way methodological approach was used. This comprised qualitative unstructured interviews and a quantitative questionnaire survey of three major stakeholders in the UK construction industry: clients, architects and contractors.FindingsDesign factors remain the major cause of impediments to waste reduction to landfill. Critical impediments include clients making waste prevention a top priority in projects, overly complex designs, waste taking a low priority compared to project time and costs, lack of concerns by designers for buildability, among others. Critical solutions include early supply chain involvement in design process, choosing materials for their durability, early communication of design changes to all parties, longer project programmes and better lead times, among others.Practical implicationsIn all, the target of halving construction waste to landfill based on the 2008 benchmark is achievable but would require construction companies to take it upon themselves to implement the proposed solutions suggested by this study.Originality/valueThe value of this research is to provide UK construction companies with solutions to reduce waste and aid the reaching of the landfill target, as landfill is decreasing as a solution to waste. In addition the cost savings on reducing waste could be crucial for companies in this current economic climate.

scholarly journals Methods to improve the capitalization level of enterprises

2018 ◽  
Vol 170 ◽  
pp. 01092
Author(s):  
Olga Anichkina ◽  
Irina Bogonosova ◽  
Larisa Prykina ◽  
Tatyana Dubrovskaya ◽  
Aleksey Zaretskikh
Keyword(s):  
Construction Industry ◽  
Cluster Structure ◽  
Development Projects ◽  
Innovative Development ◽  
Horizontal Integration ◽  
Internal Resources ◽  
Construction Enterprises ◽  
External Sources ◽  
External Expansion

The purpose of the study is to identify and systematize the capitalization methods of enterprises in the construction industry by analyzing of internal and external expansion. The paper analyzes models of capitalization with vertical and horizontal integration in the cluster structure, considers factors of growth of capitalization through cluster structures that have the greatest potential for innovative development. They ensure effective binding of internal resources in the innovative development projects, while using external sources of growth as fully as possible. As a result of the study, the algorithm was developed to form and implement the capitalization mechanism of activity of construction enterprises on the basis of the implementation concept of new forms of activity.

scholarly journals Business Processes Outsourcing in Building Enterprises

2018 ◽  
Vol 7 (3.2) ◽  
pp. 59
Author(s):  
Iryna Chernysh ◽  
Alla Glebova ◽  
Oleh Maksymenko
Keyword(s):  
Construction Industry ◽  
Business Processes ◽  
Competitive Advantages ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Significant Difference ◽  
Technical And Economic Indicators

The article explores the role and importance of outsourcing for managing business processes at enterprises of the construction industry. Since the main purpose of managing construction enterprises is to achieve high technical and economic indicators, compliance with the terms of construction of objects and their construction, ensuring an increase in profitability and profitability of operations in the long-term perspective. This is possible with the use of outsourcing, which, unlike subcontracting, is aimed at providing profitability by concentrating on the performance of priority activities for which the construction company has the highest level of competence. Also, outsourcing involves taking risks and responsibilities of an outsourcing company for the quality of running business processes. This is a significant difference from the subcontract works and allows forming the long-term competitive advantages of the construction enterprise.  

Sign in / Sign up

Export Citation Format

Share Document