Strategic Collaboration in Entrepreneurship in the Construction Industry

Authors

  • WIJITRA TAECHATEERAWAT Mae Fah Luang University
  • Pratsanee Na Keeree School of Management, Mae Fah Luang University, Chiang Rai, Thailand.
  • Wen-Hsiang Lai Department of Marketing, Feng Chia University, Taiwan.
  • Anvar Variskhanov School of Management, Mae Fah Luang University, Chiang Rai, Thailand.
  • Dzakiyy Hadiyan Achyar School of Management, Mae Fah Luang University, Chiang Rai, Thailand.
  • Wangchuk Rabten School of Management, Mae Fah Luang University, Chiang Rai, Thailand.

Keywords:

Construction industry, collaboration, entrepreneurship

Abstract

This paper presents a critical literature review of research into strategic collaboration in entrepreneurship in the construction industry. Findings show that strategic collaboration is underutilized in most sectors of the construction industry, although it may be used in sectors like public procurement, renovation and green construction, and prefabricated housing. Strategic collaboration’s long-term relationships can help firms develop their products/services through network connections and deliver long-term continuous improvement. However, there are also challenges such as lack of IT system integration and power differentials. There are some areas, such as critical success factors and readiness evaluation, which have not been investigated in detail.

References

Akunyumu, S., Fugar, F.D.K. and Adinyira, E. (2021) ‘An assessment of the readiness of construction firms for international construction joint ventures (ICJVs) using the VERDICT model’, Journal of Engineering, Design and Technology, 21(5), pp. 1253–1279. Available at: https://doi.org/10.1108/JEDT-04-2021-0198.

Al‐Tabbaa, O., Ciulli, F. and Kolk, A. (2022) ‘Nonprofit Entrepreneurial Orientation in the Context of Cross‐Sector Collaboration’, British Journal of Management, 33(2), pp. 1024–1053. Available at: https://doi.org/10.1111/1467-8551.12492.

Berg, J.B. et al. (2019) ‘Constructing archetypes: mapping business models in the construction value chain’. Available at: https://orbit.dtu.dk/en/publications/constructing-archetypes-mapping-business-models-in-the-constructi (Accessed: 5 February 2024).

Berg, J.B. et al. (2021) ‘Reconfiguring the construction value chain: analysing key sources of friction in the business model archetypes of AEC companies in strategic partnerships’, Construction Management and Economics, 39(6), pp. 533–548. Available at: https://doi.org/10.1080/01446193.2021.1925134.

Berg, J.B., Thuesen, C. and Jensen, P.A. (2023) ‘Procurement innovation as a vehicle for sustainable change – a case study of the Danish model of strategic partnerships’, Construction Innovation, 23(3), pp. 665–682. Available at: https://doi.org/10.1108/CI-04-2021-0067.

Clegg, B. et al. (2017) ‘Transformation of a small-to-medium-sized enterprise to a multi-organisation product-service solution provider’, International Journal of Production Economics, 192, pp. 81–91. Available at: https://doi.org/10.1016/j.ijpe.2017.01.012.

Deep, S., Gajendran, T. and Jefferies, M. (2020) ‘Factors Influencing Power and Dependence for Collaboration among Construction Project Participants’, Journal of Legal Affairs and Dispute Resolution in Engineering and Construction, 12(2). Available at: https://doi.org/10.1061/(ASCE)LA.1943-4170.0000362.

Goode, G. (2017) ‘The changing nature of strategic collaboration: The emergence of equity participation in the UK media industry’, Strategic Direction, 33(10), pp. 1–3. Available at: https://doi.org/10.1108/SD-06-2017-0089.

Hemström, K., Mahapatra, K. and Gustavsson, L. (2017) ‘Architects’ perception of the innovativeness of the Swedish construction industry’, Construction Innovation, 17(2), pp. 244–260. Available at: https://doi.org/10.1108/CI-06-2015-0038.

Jensen, P.A. et al. (2018) ‘10 questions concerning sustainable building renovation’, Building and Environment, 143, pp. 130–137. Available at: https://doi.org/10.1016/j.buildenv.2018.06.051.

Jensen, P.A., Johansen, J.B. and Thuesen, C. (2017) ‘Prerequisites for Successful Strategic Partnerships for Sustainable Building Renovation’, in Proceedings of the 9th Nordic Conference on Construction Economics and Organisation, pp. 230–241. Available at: http://rebus.nu/ (Accessed: 5 February 2024).

Koskela, L., Vrijhoef, R. and Dana Broft, R. (2020) ‘Construction Supply Chain Management through a Lean Lens’, Successful Construction Supply Chain Management. Wiley, pp. 109–125. Available at: https://doi.org/10.1002/9781119450535.ch6.

Mehdikhani, R. and Valmohammadi, C. (2019) ‘Strategic collaboration and sustainable supply chain management’, Journal of Enterprise Information Management, 32(5), pp. 778–806. Available at: https://doi.org/10.1108/JEIM-07-2018-0166.

Partanen, J. et al. (2018) ‘Turning strategic network resources into performance: The mediating role of network identity of small- and medium-sized enterprises’, Strategic Entrepreneurship Journal, 14(2), pp. 178–197. Available at: https://doi.org/10.1002/SEJ.1296.

Pham, T. and Pham, H. (2021) ‘Improving green performance of construction projects through supply chain integration: The role of environmental knowledge’, Sustainable Production and Consumption, 26, pp. 933–942. Available at: https://doi.org/10.1016/j.spc.2021.01.004.

Philsoophian, M., Akhavan, P. and Abbasi, M. (2021) ‘Strategic Alliance for Resilience in Supply Chain: A Bibliometric Analysis’, Sustainability, 13(22), p. 12715. Available at: https://doi.org/10.3390/su132212715.

Samuelsen, O. and Stehn, L. (2023) ‘Digital transformation in construction-a review’, Journal of Information Technology in Construction (ITcon), 28, pp. 386–404. Available at: https://doi.org/10.36680/j.itcon.2023.020.

Schönwälder, J. and Weber, A. (2023) ‘Maturity levels of sustainable corporate entrepreneurship: The role of collaboration between a firm’s corporate venture and corporate sustainability departments’, Business Strategy and the Environment, 32(2), pp. 976–990. Available at: https://doi.org/10.1002/bse.3085.

Selberherr, J. (2015) ‘Sustainable life cycle offers through cooperation’, Smart and Sustainable Built Environment, 4(1), pp. 4–24. Available at: https://doi.org/10.1108/SASBE-02-2014-0010.

Statista Research Department (2023) Size of the global construction market from 2020 to 2021, with forecasts from 2022 to 2030(in trillion U.S. dollars), Statis. Available at: https://www.statista.com/statistics/1290105/global-construction-market-size-with-forecasts/.

Steinhardt, D. et al. (2020) ‘The structure of emergent prefabricated housing industries: a comparative case study of Australia and Sweden’, Construction Management and Economics, 38(6), pp. 483–501. Available at: https://doi.org/10.1080/01446193.2019.1588464.

Published

2024-02-19

How to Cite

TAECHATEERAWAT, W., Na Keeree, P., Lai , W.-H., Variskhanov, A., Achyar, D. H., & Rabten, W. (2024). Strategic Collaboration in Entrepreneurship in the Construction Industry. Journal of Reproducible Research, 2(2), 79–82. Retrieved from https://journalrrsite.com/index.php/Myjrr/article/view/73

Issue

Section

Articles

Categories

Most read articles by the same author(s)