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Bobick, T G (2004) Falls through Roof and Floor Openings and Surfaces, Including Skylights: 1992–2000. Journal of Construction Engineering and Management, 130(06), 895–907.

Chan, S and Leung, N (2004) Prototype Web-Based Construction Project Management System. Journal of Construction Engineering and Management, 130(06), 935–43.

Cheah, C Y J, Garvin, M J and Miller, J B (2004) Empirical Study of Strategic Performance of Global Construction Firms. Journal of Construction Engineering and Management, 130(06), 808–17.

  • Type: Journal Article
  • Keywords: Construction industry; Construction companies; Management methods; Strategic planning; Financial factors; Accounting;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2004)130:6(808)
  • Abstract:
    This paper presents an empirical study of factors contributing to the success and failure of 24 large international construction firms originating in the United States, Europe, and Japan. The study is conducted using fundamental analysis, a methodology that is commonly applied in economics and investment practices to study the prospects of a company. Based on publicly available data, both quantitative and qualitative measures are developed and assessed collectively to derive insightful knowledge about corporate strategy and firm outlook. Preliminary conclusions drawn from this study include: (1) A universal formula for success is elusive—critical success factors can be uniquely derived from different modes of operational, financial, technological, and human-related conditions and (2) causes of failure are diverse, thus construction firms must consistently check the downside risks of all measures. Thus, debates concerning the merits of common dichotomies such as diversification versus focused differentiation appear rather hollow. These aspects of strategy are far from fixed and should instead be treated as variables. The findings suggest that an open perspective of strategy is necessary in construction organizations and provide the foundation for the development of a new strategic model for the industry.

Cheng, E W L and Li, H (2004) Development of a Practical Model of Partnering for Construction Projects. Journal of Construction Engineering and Management, 130(06), 790–8.

Cheung, S O, Yiu, K T W and Suen, H (2004) Construction Negotiation Online. Journal of Construction Engineering and Management, 130(06), 844–52.

Chung, T H, Abraham, D M and Gokhale, S B (2004) Decision Support System for Microtunneling Applications. Journal of Construction Engineering and Management, 130(06), 835–43.

Fang, D, Fong, P S and Li, M (2004) Risk Assessment Model of Tendering for Chinese Building Projects. Journal of Construction Engineering and Management, 130(06), 862–8.

Fang, D, Li, M, Fong, P S and Shen, L (2004) Risks in Chinese Construction Market—Contractors’ Perspective. Journal of Construction Engineering and Management, 130(06), 853–61.

Hanna, A S, Camlic, R, Peterson, P A and Lee, M (2004) Cumulative Effect of Project Changes for Electrical and Mechanical Construction. Journal of Construction Engineering and Management, 130(06), 762–71.

Koksal, A and Arditi, D (2004) Predicting Construction Company Decline. Journal of Construction Engineering and Management, 130(06), 799–807.

Lee, H, Yu, J and Kim, S (2004) Impact of Labor Factors on Workflow. Journal of Construction Engineering and Management, 130(06), 918–23.

Marzouk, M and Moselhi, O (2004) Fuzzy Clustering Model for Estimating Haulers’ Travel Time. Journal of Construction Engineering and Management, 130(06), 878–86.

Rowe, G M, Meegoda, J N, Jumikis, A, Sharrock, M J, Bandara, N and Hettiarachchi, C H (2004) NJTxtr—A Computer Program Based on LASER to Monitor Asphalt Segregation. Journal of Construction Engineering and Management, 130(06), 924–34.

Senouci, A B and Eldin, N N (2004) Use of Genetic Algorithms in Resource Scheduling of Construction Projects. Journal of Construction Engineering and Management, 130(06), 869–77.

Son, J and Mattila, K G (2004) Binary Resource Leveling Model: Activity Splitting Allowed. Journal of Construction Engineering and Management, 130(06), 887–94.

Tam, C M, Tong, T K L and Wong, Y W (2004) Selection of Concrete Pump Using the Superiority and Inferiority Ranking Method. Journal of Construction Engineering and Management, 130(06), 827–34.

Thomas, H R, Horman, M J and de Souza, U E L (2004) Symbiotic Crew Relationships and Labor Flow. Journal of Construction Engineering and Management, 130(06), 908–17.

Tsao, C C Y, Tommelein, I D, Swanlund, E S and Howell, G A (2004) Work Structuring to Achieve Integrated Product–Process Design. Journal of Construction Engineering and Management, 130(06), 780–9.

Walsh, K D, Hershauer, J C, Tommelein, I D and Walsh, T A (2004) Strategic Positioning of Inventory to Match Demand in a Capital Projects Supply Chain. Journal of Construction Engineering and Management, 130(06), 818–26.

Whalen, T M, Gopal, S and Abraham, D M (2004) Cost-Benefit Model for the Construction of Tornado Shelters. Journal of Construction Engineering and Management, 130(06), 772–9.