Development of an assessment methodology for innovation activity of construction enterprises

Abstract

The purpose of this paper is to develop an assessment methodology for innovation activity of construction enterprises. The ability of the enterprise to react clearly and appropriately to the changes in the market through the release of new products or improvement of existing products, the introduction of new production and marketing technologies, the improvement of a system of internal company management, and the use of the latest marketing strategies are the key components. As a result of this study, the indicators of conditions and results of innovation activity were analyzed, an algorithm for the methodic of a comprehensive assessment of the efficiency of innovation activity was developed, and a typology of construction enterprises was structured according to the level of development of innovation activity. Innovative development, competitiveness and sustainable development of enterprises are achieved through the systematic introduction of innovations.

Business Sustainability through Technology Management Approach for Construction Company

“…From a previous study, it was pointed out that traditional procurement process within the design and build contract arrangement proven to increase the difficulty for engagement of environmentally friendly material, because of extreme concern from the contractors for the completion dateline and the additional costs incurred [6]. Some researchers identified that using lean techniques is the best procurement practice in construction industry that tremendously increase productivity [7]. Generally, the main elements for lean techniques are waste minimization and processes that include planning and control, continuous development, and strong collaborative connections.…”

“…Innovation is when ideas meet the expectations and requirements of the industry, it is economically viable and offers financial return to the organization, so it should not just be focused on knowledge, but economic performance as well [17]. Many innovative proposals that were found in the commercial and practical applications were not necessarily using cutting edge technologies [18].…”

Business Sustainability Through Technology Management Approach for Construction Company

“…Innovation is when ideas meet the expectations and requirements of the industry, it is economically viable and offers financial return to the organization, so it should not just be focused on knowledge, but economic performance as well [17]. Many innovative proposals that were found in the commercial and practical applications were not necessarily using cutting edge technologies [18].…”