The main factor affecting the competitiveness of Contractor Company

Nurisra,; Malahayati, Nurul; Mahmuddin,

doi:10.1088/1757-899x/352/1/012034

Cited by 5 publications

(6 citation statements)

References 1 publication

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“…The study found that the company's performance in construction in Indonesia is declining due to defeat in competing globally and various national strategic projects. Furthermore, a study by Nurisra et al, (2018) analyzed the main factor affecting the competitiveness of contractor companies in Indonesia. The study found that competitive advantage is essential to achieve superior corporate, industrial, and economic performance.…”

Section: Theoretical Review Competitive Advantagementioning

confidence: 99%

“…Several studies have been conducted on the competitive advantage of construction companies in Indonesia. For instance, a study by Nurisra et al, (2018) identified that competitive advantage is key to achieving superior corporate, industrial, and economic performance. Another study by Setiawan et al, (2015) aimed to clarify the issue of competitive aggressiveness of contractors by identifying its key factors.…”

Section: Introductionmentioning

confidence: 99%

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Factors Affecting the Competitive Advantage of Construction Companies in Indonesia

Novi Sudiansyah,

Tri Joko Wahyu Adi

2023

Int.J.Livable.Sp.

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Competitive advantage is an important factor in the success of construction companies in a competitive market. To achieve a competitive advantage, construction companies must understand the factors that influence it and implement the right strategy. This study aims to analyze the factors that influence the competitive advantage of construction companies in Indonesia. It is an exploratory research. Factors affecting competitive advantage were obtained from an in-depth literature review and structured interviews with leaders of Indonesian state-owned construction companies. The results were then analyzed using the Relative Important Index (RII). The results highlight three main factors affecting the competitive advantage of construction companies in Indonesia: company characteristics, technology adoption, and technology readiness. Implementing the outputs of this research can be beneficial for companies to face intense global competition, by taking strategic steps to improve their competitive advantage in the construction industry.

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Section: Theoretical Review Competitive Advantagementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Factors Affecting the Competitive Advantage of Construction Companies in Indonesia

Novi Sudiansyah,

Tri Joko Wahyu Adi

2023

Int.J.Livable.Sp.

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“…As per this research, organizations should focus on eight areas (mission, vision, goals, knowledge, core competencies, finance, competition, and markets) to enhance their competitiveness and transition smoothly in the wake of changing competitor and customer conditions. Nurisra et al [21] studied the main factors that affect the competitiveness of medium-class contractor companies. In this regard, 41 critical success factors were identified based on a dataset gathered from 31 companies.…”

Section: Previous Research Studiesmentioning

confidence: 99%

Scrutinizing Competitiveness of Construction Companies Based on an Integrated Multi-Criteria Decision Making Model

et al. 2022

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The construction sector continues to experience significant challenges brought by new techniques and technologies. Hence, there is a dire need for construction companies to address critical issues concerning changing environmental conditions, construction innovations, market globalization and many other aspects, thereby enhancing their competitive edge. Thus, the primary goal for this research is to develop a multi-criteria decision making model that would consider and evaluate all essential factors in determining the competitiveness index of construction companies. In the developed model, three new pillars (3P) for competitiveness are introduced: (1) non-financial internal pillar; (2) non-financial external pillar; and (3) financial pillar. The 3P includes 6 categories and 26 factors that are defined and incorporated in the developed assessment model for the purpose of measuring the companies’ competitiveness. The weights for the identified factors are computed using fuzzy analytical network process (FANP) to diminish the uncertainty inherited within the judgment of the respondents. The weight of factors and their affiliated performance scores are used as an input for the preference ranking organization method for enrichment evaluation (PROMETHEE II) technique. In this regard, PROMETHEE II is undertaken as a ranking technique to prioritize any given construction company by determining its respective competitiveness index. The developed model is validated through five cases studies that reveal its potential of illustrating detailed analysis with respect to the competitive ability of construction companies. A sensitivity analysis is carried out to determine the most influential factors that affect the competitiveness of construction companies. It is anticipated that the developed evaluation model can be used in the decision-making process by all parties involved in construction projects. For instance, contractors can leverage the evaluation model in taking better decisions pertinent to the markup values. In addition, it can benefit employers in the evaluation process of contractors.

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“…Both competitiveness subsystems contain internal factors that are interrelated and conditioned (Assylbekova, 2016). Among many instruments, which can be influenced by business entities in the subject literature there are: development based on knowledge, marketing actions, management, cost effectiveness, innovations, company picture, financial and technical abilities and also the organizational structure or used competitiveness strategies (Kadocsa, 2006;Nurisra et al, 2017). Focusing by the enterprises on building the competitive advantage on the base of resources and previously mentioned internal predispositions is a characteristics of modern concepts of competitiveness, in which less and less attention is devoted to the meaning of external environment, thus it is not limited to nothing (Kraszewska & Pujer, 2017).…”

Section: Competitive Toolsmentioning

confidence: 99%

Competitiveness Factors in the Innovative Enterprises in the North-East Voivodeships in Poland

Decyk

2020

Business: Theory and Practice

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The research problem was the connection about the problematics of competitiveness factors with the planned action of innovation within the managing of the enterprise. In such research area the purpose of the study was to identify and evaluate the competitiveness factors used in innovative companies while taking into consideration companies’ ownership of long-term plan of action connected with managing the innovations. To achieve this objective, the following research methods were used: analysis of national and foreign literature resources, survey measurement (observation technique), direct and indirect interview, research tool: questionnaire. The results were analysed with statistical methods such as arithmetic mean, test of Kruskal-Wallis, Chi-square test (χ2), and measure of association including Cramér’s V coefficient were applied. Based on research results and mentioned statistical tools, it was stated that having of long-term plan of action connected with innovations statistical significant affected on the evaluated competitiveness factors (innovativeness, quality, marketing and logistics activities) except the price. It was confirmed in such wat the first research hypothesis. The research also showed a relationship between competing using innovativeness and having an action plan related to innovations, however, this relationship was not statistically significant. As a result, the research hypothesis can be neither rejected nor confirmed. In practical terms, the conducted research points out the competitiveness factors which are suggested to use by the innovative enterprises in order to improve their competitiveness against competitiveness and in surroundings of knowledge based economy, as well the digital economy. Results of the research indicate at the same time, the necessity of development of long-term plan of action connected with innovations, which provides bigger possibilities in range of usage of competitiveness instruments on the market by enterprises.

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The main factor affecting the competitiveness of Contractor Company

Cited by 5 publications

References 1 publication

Factors Affecting the Competitive Advantage of Construction Companies in Indonesia

Factors Affecting the Competitive Advantage of Construction Companies in Indonesia

Scrutinizing Competitiveness of Construction Companies Based on an Integrated Multi-Criteria Decision Making Model

Competitiveness Factors in the Innovative Enterprises in the North-East Voivodeships in Poland

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