Selecting Long-Term Strategies for Construction Firms

Venegas, Carmen; Alarcón, F.

doi:10.1061/(asce)0733-9364(1997)123:4(388)

Cited by 38 publications

(24 citation statements)

References 9 publications

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“…The GPM approach has been implemented in different areas in the construction industry. Venegas and Alarcón (1997) developed a model for the selection of long-term strategic planning approaches for construction firms. Alarcón and Mourgues (2002) developed a model for the selection of a contractor based on a set of performance criteria.…”

Section: Methodsmentioning

confidence: 99%

See 1 more Smart Citation

Exploring performance of the integrated project delivery process on complex building projects

Mesa

Molenaar

Alarcón

2016

International Journal of Project Management

151

122

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Section: Methodsmentioning

confidence: 99%

“…The mathematical model uses cross-impact analysis and probabilistic inference to capture the uncertainties and interactions between project variables. A generic GPM conceptual model has the following variables: strategies, drivers, process, outcomes, and project agents Ashley, 1996, 1998;Venegas and Alarcón, 1997).…”

Section: Methodsmentioning

confidence: 99%

Exploring performance of the integrated project delivery process on complex building projects

Mesa

Molenaar

Alarcón

2016

International Journal of Project Management

151

122

View full text Add to dashboard Cite

“…image, leadership and, market. Other factors correspond to the number and type of competitors, market prices, size and growth, the systematization level of knowledge applied to control and modify the physical and social environment, political issues, environmental regulations (Venegas & Alarcón, 1997), and regulatory restrictions (El-Diraby, Costa, & Singh, 2006;Flanagan, Jewell, Ericsson, & Henricsson, 2005;Yates, 1994). Furthermore, there are other factors that can be affected by an earthquake, such as: lack of seasonal workers, labor price inflation and difficulty to obtain construction materials (Henderson & Mitchell, 1997;Venegas & Alarcón, 1997).…”

Section: Literature Review Factors In Construction Companiesmentioning

confidence: 99%

“…The suitability of the factors considered is then analyzed through the evaluation of the model presented in this research. (Cheah, Kang, & Chew, 2007) (Mandal, Howell, & Sohal, 1998) (Shen, Lu, Shen, & Li, 2003) (Shen, Lu, & Yam, 2006) (Venegas & Alarcón, 1997) Corporate Image…”

Section: Literature Review Factors In Construction Companiesmentioning

confidence: 99%

Modeling the performance impacts caused by an earthquake to the construction industry: Case study on the 2010 Chile earthquake

Forcael

González

Opazo

et al. 2017

rdlc

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Natural disasters affect the construction industry in many ways other than the direct damages. This paper presents a model that evaluates the performance impacts caused by an earthquake to the construction industry by using the 2010 Chilean earthquake as case study. The main variables affected by a seismic event in construction companies and their relationships were modeled by means of the use of Partial Least Square (PLS). The modeling framework was developed by interviewing CEOs of construction companies located in areas affected by the earthquake. Then, a model of interrelationships, which would explain how variables are affected by an earthquake was developed. The main findings showed that when a severe telluric event occurs, the two most affected factors were Relationship with the Owner/Clients and Image, while the most affected indexes were Owner/Client Satisfaction and Financial Situation. Thus, this research emphasizes the importance of these four variables (factors and indexes), when the construction industry faces a large earthquake.Key words: Modeling, Partial Least Squares (PLS), earthquake, construction industry, Chile. ResumenLos desastres naturales afectan a la industria de la construcción de muchas maneras distintas más allá de los daños directos. Este artículo presenta un modelo que evalúa los impactos en el desempeño, causados por un terremoto a la industria de la construcción, utilizando el terremoto ocurrido en Chile el año 2010 como caso de estudio. Se modelaron las principales variables afectadas por un evento sísmico en las empresas constructoras y sus relaciones, por medio del uso de Mínimos Cuadrados Parciales. El marco bajo el cual se desarrolló la modelización, fue mediante entrevistas a directores generales de empresas constructoras, ubicadas en zonas afectadas por el terremoto. Luego, se desarrolló un modelo de interrelaciones que explicaría cómo las variables se ven afectadas por un terremoto. Los principales hallazgos muestran que cuando se produce un evento telúrico severo, los dos factores más afectados son Relación con el Mandante/Cliente e Imagen, mientras que los índices más afectados fueron Satisfacción del Mandante/Cliente y Situación Financiera. Por lo tanto, esta investigación destaca la importancia de estas cuatro variables (factores e índices), cuando la industria de la construcción se ve enfrentada a un terremoto de gran magnitud.

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“…Warszawski (1996) adopted a problem-solving approach of system analysis, for developing a strategic planning procedure. Venegas and Alarcon (1997) proposed a framework, which provides a structured procedure and tools to carry out the strategic planning process. Using case studies of large construction organisations, Price (2003) developed a conceptual framework for strategic management process, which serves as a flexible guidance for firms to develop their own bespoke framework.…”

Section: Strategic Processmentioning

confidence: 99%

Integrating Uncertainty Management in Strategic Planning Practice

Soetanto

Dainty

2009

Construction Research Congress 2009

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Despite competing in highly turbulent and competitive industry, evidence suggests that construction firms have not put sufficient emphasis on strategic planning. Further, the practice of strategic planning in construction is dominated by informal and sporadic approaches/ processes, which rely heavily on the subjective judgement of top management and tacit knowledge of individuals involved. Literature indicates that the identification of possible risks and opportunities is the most critical in this process, but little guidance is available with regards to the most effective approaches in dealing with the inherent characteristics of strategic planning. A review of underlying aspects (including decision theory, cognitive and behavioural psychology) is presented with a view of developing a framework for improving this process in a construction firm. The framework attempts to engage stakeholders and capture both explicit and tacit knowledge in the strategic thinking for organisational learning. The framework is viewed as a better alternative to the top-down approach of strategic decision making in the construction industry. Benefits from adopting such an approach and future direction of research in this area are then discussed.

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Selecting Long-Term Strategies for Construction Firms

Cited by 38 publications

References 9 publications

Exploring performance of the integrated project delivery process on complex building projects

Exploring performance of the integrated project delivery process on complex building projects

Modeling the performance impacts caused by an earthquake to the construction industry: Case study on the 2010 Chile earthquake

Integrating Uncertainty Management in Strategic Planning Practice

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