An assessment of the readiness of construction firms for international construction joint ventures (ICJVs) using the VERDICT model

被引:2
|
作者
Akunyumu, Stephen [1 ]
Fugar, Frank D. K. [1 ]
Adinyira, Emmanuel [1 ]
机构
[1] Kwame Nkrumah Univ Sci & Technol, Dept Construct Technol & Management, Kumasi, Ghana
关键词
International construction; Joint ventures; Readiness assessment; VERDICT; Strategic partnership; Developing countries; ORGANIZATIONAL-CHANGE; PERFORMANCE; PROJECTS; SUCCESS; IMPLEMENTATION; CONTRACTORS; TERMINATION; MANAGEMENT; CRITERIA;
D O I
10.1108/JEDT-04-2021-0198
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
Purpose The purpose of this study was to assess the readiness of construction companies in Ghana to partner with foreign companies in international construction joint ventures (ICJVs). Design/methodology/approach Using the Verify End-User e-Readiness using a Diagnostic Tool (VERDICT) model, a survey with 31 construction companies was conducted to assess their readiness through four pre-defined elements of readiness. Findings The results indicated the readiness of construction companies to collaborate with potential foreign partners in ICJVs. Notwithstanding, certain areas such as management commitment to change, employee buy-in, process flexibility and technology infrastructure need improvement in some firms to achieve readiness. Government has a role in ensuring the readiness of domestic firms for the international market. Originality/value This study applies the VERDICT model, a tool originally designed to assess construction organizations' readiness for e-commerce, to assess the readiness of Ghanaian construction companies for ICJVs.
引用
收藏
页码:1253 / 1279
页数:27
相关论文
共 50 条
  • [31] Model for Organizational Governance Structure Choices in Construction Joint Ventures
    Ho, S. Ping
    Lin, Yi-Hsin
    Chu, Wenyi
    Wu, Hsueh-Liang
    JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT, 2009, 135 (06) : 518 - 530
  • [32] On-line multi-criterion risk assessment model for construction Joint Ventures in China
    Hsueh, Sung-Lin
    Perng, Yeng-Horng
    Yan, Min-Ren
    Lee, Jen-Rong
    AUTOMATION IN CONSTRUCTION, 2007, 16 (05) : 607 - 619
  • [33] Risk Assessment and Transaction Cost Incorporated Budgeting for Construction Joint Ventures
    Yan, Minren
    ADVANCES IN CIVIL ENGINEERING, PTS 1-6, 2011, 255-260 : 3878 - 3882
  • [34] Towards attaining efficient joint ventures in international construction: the case of Saudi Arabia
    Sodangi, Mahmoud
    ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT, 2023, 30 (06) : 2545 - 2563
  • [35] RSIAM risk profile for managing risk factors of international construction joint ventures
    Sy Tien Do
    Viet Thanh Nguyen
    Likhitruangsilp, Veerasak
    INTERNATIONAL JOURNAL OF CONSTRUCTION MANAGEMENT, 2023, 23 (07) : 1148 - 1162
  • [36] An investigation of the conflict management strategies in international construction joint ventures of Sri Lanka
    Thilakarathne, Namal
    Rathnasinghe, Akila Pramodh
    Kulatunga, Udayangani
    Thurairajah, Niraj
    Weerasinghe, Lichini
    JOURNAL OF FINANCIAL MANAGEMENT OF PROPERTY AND CONSTRUCTION, 2023, 28 (03) : 273 - 292
  • [37] A Cooperative Game Theoretic Model for Revenue Sharing in Construction Joint Ventures
    Eissa, Radwa
    Eid, Mohamed S.
    Elbeltagi, Emad
    CONSTRUCTION RESEARCH CONGRESS 2020: PROJECT MANAGEMENT AND CONTROLS, MATERIALS, AND CONTRACTS, 2020, : 1149 - 1157
  • [38] Critical Barriers to International Construction Joint Ventures Success: Multiexpert Views and Contextual Disparities
    Tetteh, Mershack O.
    Chan, Albert P. C.
    Darko, Amos
    Torku, Alex
    Nani, Gabriel
    JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT, 2021, 147 (08)
  • [39] Impact of coopetition on the performance outcomes of international construction joint ventures: a contingency and configuration approach
    Xie, Qiuhao
    Zhang, Shuibo
    Gao, Ying
    Qi, Jingyan
    Feng, Zhuo
    ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT, 2024,
  • [40] Impacts of management control mechanisms on the performance of international construction joint ventures: an empirical study
    Tetteh, Mershack Opoku
    Chan, Albert P. C.
    Nani, Gabriel
    Darko, Amos
    Oppong, Goodenough D.
    ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT, 2023, 30 (06) : 2280 - 2303