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Cheah, C Y J and Wong, W F (2004) Management studies of the Cinese construction industry: which field of theories?. In: Khosrowshahi, F (Ed.), Proceedings 20th Annual ARCOM Conference, 1-3 September 2004, Edinburgh, UK. Association of Researchers in Construction Management, Vol. 2, 949–56.
- Type: Conference Proceedings
- Keywords: China; construction industry; corporate strategy; strategic management
- ISBN/ISSN: 0 9534161 9 4
- URL: http://www.arcom.ac.uk/-docs/proceedings/ar2004-0949-0956_Cheah_and_Wong.pdf
Rich development of knowledge within the strategic management regime has provided ample course of contentions among academicians over the merits of disparate schools of thought and theoretical fields. Given the broad aspects of management, it is perhaps more legitimate to assume that no single field stands to dominate. An open mindset would go a long way in matching theories to circumstantial evolvement in the real world. This philosophical construct is even more appropriate in the case of the Chinese construction industry. With China continuing to steal the limelight as a major growth engine and destination for foreign investments, assessment of this issue is timely when researchers embark to develop analytical frameworks related to competition among construction enterprises in China. In this paper, a brief review of the characteristics, strengths and weaknesses of common schools of thought in strategy is first presented. Subsequent examination of the general business and operating environment in China suggests that each theoretical field potentially structures part of the overall corporate strategy of Chinese construction enterprises. The findings bear subtle implications on the focal points that construction management researchers should ruminate in future studies of corporate management issues in China.