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Assaad, R and El-adaway, I H (2020) Enhancing the Knowledge of Construction Business Failure: A Social Network Analysis Approach. Journal of Construction Engineering and Management, 146(06), 04020052.
Chew, Y T E, Atay, E and Bayraktaroglu, S (2020) Female Engineers’ Happiness and Productivity in Organizations with Paternalistic Culture. Journal of Construction Engineering and Management, 146(06).
Dhal, M (2020) Labor Stand: Face of Precarious Migrant Construction Workers in India. Journal of Construction Engineering and Management, 146(06).
Herrera, R F, Mourgues, C, Alarcón, L F and Pellicer, E (2020) Understanding Interactions between Design Team Members of Construction Projects Using Social Network Analysis. Journal of Construction Engineering and Management, 146(06).
Hoseini, E, Bosch-Rekveldt, M and Hertogh, M (2020) Cost Contingency and Cost Evolvement of Construction Projects in the Preconstruction Phase. Journal of Construction Engineering and Management, 146(06).
Jang, Y, Song, K, Park, M and Ahn, Y (2020) Classifying the Business Model Types of International Construction Contractors. Journal of Construction Engineering and Management, 146(06).
- Type: Journal Article
- Keywords: Business model innovation; Business model types; Firm performance; Classification; Two-step cluster analysis; International construction contractors;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0001836
- Abstract:
As the construction business environment becomes increasingly complex and competitive, business model innovation is being accepted as an essential factor in sustaining competitive advantage in the international construction market. Understanding existing business model types is a crucial part of business model innovation since business model types represent the status of current business models and hint toward business model innovation. However, the classification of business model types has rarely been addressed in the construction industry, and existing studies have conceptually classified them using subjective decisions that have limitations on their use in business model innovation. We quantified the business models of 72 international construction contractors from 2009 to 2014 using measurable variables for business model components, including international diversification, regional diversification, industry diversification, product diversification, human resources, physical resources, financial resources, project types, and geographical regions. Then the quantified business models were classified into business model types using two-step cluster analysis, and the performance differences between them were examined in terms of profitability, growth, and market competitiveness. We also examined how the classified business model types can be used in the business model innovation process. The results suggest the existence of three business model types used by international construction contractors and indicate significant performance differences among them. Our findings provide useful references for senior-level managers of international construction contractors to understand their current business model positions and find effective ways to innovate their business models.
Jin, Z and Gambatese, J (2020) Exploring the Potential of Technological Innovations for Temporary Structures: A Survey Study. Journal of Construction Engineering and Management, 146(06).
Li, G, Zhang, G, Chen, C and Martek, I (2020) Empirical Bid or No Bid Decision Process in International Construction Projects: Structural Equation Modeling Framework. Journal of Construction Engineering and Management, 146(06).
Li, S, Wu, X, Wang, X and Hu, S (2020) Relationship between Social Capital, Safety Competency, and Safety Behaviors of Construction Workers. Journal of Construction Engineering and Management, 146(06).
Liang, Y, Ashuri, B and Sun, W (2020) Analysis of the Variability of Project Cost and Schedule Performance in the Design-Build Environment. Journal of Construction Engineering and Management, 146(06).
Liu, X, Wang, X, Zhao, Y and Xia, N (2020) Solving Workplace Deviant Behavior in Construction by Leader–Member Exchange and Leader–Member . Journal of Construction Engineering and Management, 146(06), 04020061.
Lu, H, Behbahani, S, Azimi, M, Matthews, J C, Han, S and Iseley, T (2020) Trenchless Construction Technologies for Oil and Gas Pipelines: State-of-the-Art Review. Journal of Construction Engineering and Management, 146(06).
Mohammadi, A, Amador-Jimenez, L and Nasiri, F (2020) Reliable, Effective, and Sustainable Urban Railways: A Model for Optimal Planning and Asset Management. Journal of Construction Engineering and Management, 146(06).
Sherafat, B, Ahn, C R, Akhavian, R, Behzadan, A H, Golparvar-Fard, M, Kim, H, Lee, Y, Rashidi, A and Azar, E R (2020) Automated Methods for Activity Recognition of Construction Workers and Equipment: State-of-the-Art Review. Journal of Construction Engineering and Management, 146(06).
Shoieb, K, Serror, M H and Marzouk, M (2020) Web-Based Tool for Interoperability among Structural Analysis Applications. Journal of Construction Engineering and Management, 146(06).
Yao, M, Wang, F, Chen, Z and Ye, H (2020) Optimal Incentive Contract with Asymmetric Cost Information. Journal of Construction Engineering and Management, 146(06).
Zhang, M, Cao, Z, Yang, Z and Zhao, X (2020) Utilizing Computer Vision and Fuzzy Inference to Evaluate Level of Collision Safety for Workers and Equipment in a Dynamic Environment. Journal of Construction Engineering and Management, 146(06).
Zhang, X and Tariq, S (2020) Failure Mechanisms in International Water PPP Projects: A Public Sector Perspective. Journal of Construction Engineering and Management, 146(06).