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E-raamat: Developing the Competitive Advantage of Indigenous Construction Firms [Taylor & Francis e-raamat]

, (University of Johannesburg, South Africa), (University of Johannesburg, South Africa)
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Developing the Competitive Advantage of Indigenous Construction FirmsSuurem pilt
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This book takes a pragmatic approach to develop the competitive advantage of indigenous construction firms in the Global South, using Ghana as a case study. It provides readers with two major practical insights. The first focuses on the theoretical underpinning of firms’ competitive advantage and develops a competitive advantage model for indigenous construction firms. The developed conceptual framework thus aids in explaining the main and sub-attributes underpinning the competitive advantage of indigenous construction firms as well as providing the basis for assessing a firm’s competitiveness. Secondly, it highlights and addresses theoretical gaps in existing competitive advantage studies deemed essential for indigenous construction firms. Finally, a detailed two-stage Delphi Study of the Ghanaian construction company is presented as a case study.

The book is therefore of interest to researchers in construction management, strategic management, civil engineering, business administration, marketing, entrepreneurial and economic studies. It is an essential manual for owners and managers of construction businesses. It is also useful for government departments and non-governmental agencies seeking innovative ways to develop the capacity of indigenous firms and/or contractors to make them more responsive to competitive bidding scenarios, delivery of projects and satisfying the needs of the industry’s stakeholders.

List of tables
xii
List of figures
xiii
Preface xiv
Acknowledgements xvi
1 Introduction and general overview
1(19)
Introduction
1(1)
General overview
2(12)
Competitive advantage
2(4)
The research problem statement
6(1)
Aim of the research
7(1)
Research questions
8(1)
Research objectives
8(1)
Research methodology employed
8(2)
Delphi-specific objectives
10(1)
Delimitation and limitation of the book
11(2)
Significance of die study
13(1)
Motivation for the study
14(1)
Ethical statement
14(1)
Structure of the book
14(2)
Chapter 1 Introduction and general overview
14(1)
Chapter 2 Theoretical and conceptual perspectives of firms' competitive advantage research
15(1)
Chapter 3 Assessment of firms' competitive advantage studies
15(1)
Chapter 4 Outcome measuring indicators of firms' competitive advantage
15(1)
Chapter 5 Gaps in firms' competitive advantage research
15(1)
Chapter 6 Competitive advantage studies in the construction industry: examples from the Global South and North
15(1)
Chapter 7 Competitive advantage studies in the Ghanaian construction industry
15(1)
Chapter 8 Methodological framework for developing a competitive advantage conceptual model
16(1)
Chapter 9 The outcome of the Delphi Study
16(1)
Chapter 10 An integrated competitive advantage conceptual model for indigenous construction firms
16(1)
Chapter 11 Conclusion and recommendations
16(1)
Summary
16(1)
References
16(4)
2 Theoretical and conceptual perspectives of firms' competitive advantage research
20(18)
Introduction
20(1)
Competitive advantage theory and definition
20(14)
The five competitive forces model
22(1)
The three generic competitive strategies model
23(2)
The generic value chain model
25(2)
Industrial organization theory
27(1)
Resource-based and core competence theory
27(3)
The relational strategy view
30(1)
Contingency theory
30(1)
Dynamic capabilities theory
31(3)
Summary
34(1)
References
34(4)
3 An assessment of firms' competitive advantage studies
38(28)
Introduction
38(23)
Firms' competitive advantage research
39(7)
The subjective definition of firms' competitive advantage
46(3)
The relative nature of firms' competitive advantage
49(1)
Causality and causal ambiguity
49(1)
Methodological issues
50(2)
The diamond framework
52(1)
The nine-factor framework
53(1)
The competitiveness triangle
53(1)
Three dimensions of competitiveness model
53(1)
Total value competitiveness (TVC) model
54(1)
Assets process performance model
54(1)
The domestic construction competitiveness hexagon
55(1)
Contractor Competitiveness Assessment and Communication System model
56(1)
Competitive strategy model
56(4)
Measuring firms' competitive advantage
60(1)
Summary
61(1)
References
62(4)
4 Outcome measuring indicators of firms' competitive advantage
66(8)
Introduction
66(5)
Momaya and Selby
66(1)
DTI 2004: Experian arid University College London/Davis Langdon Consultancy
67(1)
Further outcome measuring indicators of firms' competitive advantage
68(1)
Attributes of firms' competitive advantage
68(3)
Summary
71(1)
References
71(3)
5 Gaps in firms' competitive advantage research
74(22)
Introduction
74(1)
Gaps in competitive advantage research at the firm level
74(1)
Gap 1 Understanding firms' corporate social responsibility
75(6)
Legislative and policy framework for CSR in Ghana
81(3)
Literature findings concerning the impact of CSR on firms' competitive advantage
83(1)
Gap 2 Understanding the entrepreneurial competencies of firm owners
84(7)
Literature findings concerning entrepreneurial competencies in obtaining firms' competitive advantage
90(1)
Summary
91(1)
References
91(5)
6 Competitive advantage studies in the construction industry: examples from the Global South and North
96(9)
Introduction
96(1)
Overview of competition in the construction industry
96(1)
Firms' competitive advantage studies in the construction industry
97(5)
A focus on the Global North
97(3)
A focus on the Global South
100(2)
Lessons learnt
102(1)
Summary
102(1)
References
103(2)
7 Competitive advantage studies in the Ghanaian construction industry
105(8)
Introduction
105(6)
Background of Ghana
105(1)
Overview of firms' competitive advantage studies
106(1)
Evolution of competition policies and laws in Gliana
107(2)
Competition policy and legal framework in the procurement of construction work
109(1)
Challenges associated with the implementation of competition laws and policies in Ghana
110(1)
Lessons learnt from the literature
110(1)
Summary
111(1)
References
111(2)
8 Methodological framework for developing a competitive advantage conceptual model
113(44)
Introduction
113(1)
Quantitative versus qualitative research
113(6)
Philosophical positions in research methodology
114(2)
Quantitative research
116(1)
Qualitative research
117(2)
Research design
119(33)
Research methods
123(1)
Literature review
123(1)
Delphi method
124(3)
An epistemological approach towards the Delphi design
127(1)
When to use the Delphi technique
128(1)
Components of the Delphi technique
129(3)
Design, construction, and execution of the Delphi study
132(11)
Delphi-specific objectives
143(1)
Computation of data from the Delphi study
144(1)
Determination of consensus from the Delphi process
145(3)
Reliability and validity of the Delphi method
148(1)
Variables
149(3)
Ethical considerations
152(1)
Summary
152(1)
References
152(5)
9 The outcome of the Delphi study
157(17)
Introduction
157(1)
Background of the Delphi survey
157(3)
Findings from the Delphi study
160(8)
Discussion of the Delphi results
168(3)
Objective DSO1
168(2)
Objective DSO2
170(1)
Objective DSO3
170(1)
Summary
171(1)
References
172(2)
10 An integrated competitive advantage conceptual model for indigenous construction firms
174(15)
Introduction
174(1)
Selection of variables for firms' competitive advantage
174(8)
Firms' Strategies and Structures (FSS)
175(4)
Firms' Internal Factors (FIF)
179(1)
Demand Factors (DFI)
180(1)
Firms' Competitive Intelligence (FCI)
181(1)
Model specification and justification
182(4)
Structural component of the model
186(1)
Measurement component of the model
187(1)
Summary
187(1)
References
187(2)
11 Conclusions and recommendations
189(10)
Introduction
189(2)
Research objective RO1
189(1)
Research objective RO2
190(1)
Research objectives RO3 and RO4
190(1)
Contribution and value of the book
191(4)
Integrated competitive advantage conceptual model
191(1)
Theoretical contribution and value
192(1)
Methodological contribution and value
192(1)
Practical contribution and value
193(2)
Recommendations
195(1)
Integrated competitive advantage model
195(1)
Methodological
195(1)
Theoretical
195(1)
Policy implication and practical recommendation
196(1)
Limitations
196(1)
Recommendations for further research
197(1)
Summary
197(1)
References
198(1)
Index 199
Matthew Kwaw Somiah is a civil engineer by profession and a Senior Lecturer at the Faculty of Built and Natural Environment, Takoradi Technical University (TTU), Ghana. Dr Somiah is an academic with extensive knowledge in civil engineering practice, research, training and teaching. He has worked with many construction firms in Ghana as Construction Manager. He has been a Lead Researcher for CoST Infrastructure Transparency International in Ghana. He shares research interest in Strategic Management, Construction Entrepreneurship, Land-use Planning and Housing delivery, and Construction Education. He currently serves as the Chair for Research and Development at the Faculty.

Clinton Ohis Aigbavboa is Professor at the Department of Construction Management and Quantity Surveying, University of Johannesburg, South Africa. He worked as a quantity surveyor on several infrastructural projects, both in Nigeria and in South Africa. Prof. Aigbavboa is currently the Chair of Sustainable Human Settlement and Construction Research Centre at the University of Johannesburg. He is currently the editor of the Journal of Construction Project Management and Innovation (accredited by the DoHET) and has received national and international recognition in his field of research.

Wellington D. Thwala is Professor at the Department of Construction Management and Quantity Surveying, University of Johannesburg, South Africa. Currently, he is the Chair of SARChI in Sustainable Construction Management and Leadership in the Built Environment, FEBE, University of Johannesburg, South Africa. Prof. Thwala has extensive experience of providing consultancy for project leadership and management of construction projects and teaching project management subjects at the postgraduate level. He has an extensive industry experience with research focus on sustainable construction, leadership, and project management. He is the Editor-in-Chief of International Journal of Construction Project Management and Innovation and serves as an editorial board member to various reputable international journals.
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