Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/14942
Title: Competition environment, strategy, and performance in the Hong Kong construction industry
Authors: Tan, Y
Shen, L
Langston, C
Keywords: Competition
Competition environment
Competitive strategy
Construction industry
Contractor
Contractors
Hong Kong
Performance
Resource management
Resources and capability
Issue Date: 2012
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2012, v. 138, no. 3, p. 352-360 How to cite?
Journal: Journal of construction engineering and management 
Abstract: Given a changing competition environment, strategic management has become of essential importance to construction firms. Effective strategy enables construction firms to match their activities to the changing environment and achieve superior performance in competition. Therefore, there is a need for studying contractors' competitive strategies. This paper does that in relation to the Hong Kong construction industry. The impact of competition environment on contractor performance, and the relationship between competitive strategy and performance are examined by a questionnaire survey. The findings show that competition environment has a great impact on contractor performance, and four generic competitive strategies have been applied by contractors. Contractors can indeed be classified into four groups according to their different strategic orientations: prospectors, analyzers, defenders, and reactors. As a result, the strategies that contractors should pursue in the local construction industry can be identified with confidence.
URI: http://hdl.handle.net/10397/14942
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)CO.1943-7862.0000407
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