|
|||||
|
|
Impact of Resources and Strategies on Construction Company Performance |
|
| Authors: | Zeynep Isik David Arditi Irem Dikmen M. Talat Birgonul |
| Affiliation: | 1Visiting Research Scholar, Dept. of Civil, Architectural, and Environmental Engineering, Illinois Institute of Technology, Chicago, IL 60616. E-mail: zisik1@iit.edu 2Professor, Dept. of Civil, Architectural, and Environmental Engineering, Illinois Institute of Technology, Chicago, IL 60616 (corresponding author). E-mail: arditi@iit.edu 3Associate Professor, Dept. of Civil Engineering, Middle East Technical Univ., 06531 Ankara, Turkey. E-mail: idikmen@metu.edu.tr 4Professor, Dept. of Civil Engineering, Middle East Technical Univ., 06531 Ankara, Turkey. E-mail: birgonul@metu.edu.tr |
| Abstract: | Globalized competition and customer needs forced construction companies to measure their performance beyond the financial measures such as profitability, turnover, etc. As qualitative determinants were added to measurement systems, their investigation and evaluation became a major area of research. In this study, the impact of “resources and capabilities,” “strategic decisions,” “project management competencies,” and “strength of relationships with other parties” on “company performance” was investigated. A questionnaire survey was administered to 73 Turkish contractors and the results of the survey were analyzed using structural equation modeling. The findings indicate that, as expected, resources and capabilities and strategic decisions have an important and direct impact on company performance, whereas project management competencies and strength of relationships with other parties impact company performance only indirectly, through their impact on companies’ resources and capabilities and strategic decisions. |
| Keywords: | Construction management Measurement Resource management Productivity |