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Article: Sharpening Competitive Edge through Procurement Innovation: Perspectives from Chinese International Construction Companies

TitleSharpening Competitive Edge through Procurement Innovation: Perspectives from Chinese International Construction Companies
Authors
KeywordsProcurement innovation
International construction
Competitiveness
Construction companies
China
Issue Date2013
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html
Citation
Journal of Construction Engineering and Management, 2013, v. 139 n. 3, p. 347–351 How to Cite?
AbstractThe international construction business is witnessing a trend towards the delivery of projects through the adoption of innovative procurement systems, which allow companies to gain competitive advantages and to potentially deliver enhanced value to society. Notably, Chinese companies are making steady inroads into the international construction market by enhancing competitiveness. However, we know little about the extent to which Chinese international construction companies (CICCs) perceive procurement innovation and how this factor may relate to their recent success. This research aims to fill the void based on interviews with nine CICC key decision‐makers and experts in this area, and the capturing of their perspectives. It is found that CICCs are gradually adopting procurement innovation as a competitive strategy. Although procurement innovation is conducive to competitive advantage in the long run, CICCs have to pay the cost of entering the new market. Thus a “wait‐and‐see” attitude exists in respect of a long term vision. Unlike the traditional win‐lose competitive bidding system, competing through procurement innovation can lead to larger, more suitable market presence. By succinctly describing the CICC story in the international market this research not only provides CICCs themselves with insights into current procurement innovations existing within the construction sector, but also enables other companies to understand the nature of CICCs with which they might compete or collaborate in the near future.
Persistent Identifierhttp://hdl.handle.net/10722/135454
ISSN
2015 Impact Factor: 1.152
2015 SCImago Journal Rankings: 1.219
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorLu, Wen_US
dc.contributor.authorLiu, AMMen_US
dc.contributor.authorRowlinson, Sen_US
dc.contributor.authorPoon, SWen_US
dc.date.accessioned2011-07-27T01:35:21Z-
dc.date.available2011-07-27T01:35:21Z-
dc.date.issued2013en_US
dc.identifier.citationJournal of Construction Engineering and Management, 2013, v. 139 n. 3, p. 347–351en_US
dc.identifier.issn0733-9364-
dc.identifier.urihttp://hdl.handle.net/10722/135454-
dc.description.abstractThe international construction business is witnessing a trend towards the delivery of projects through the adoption of innovative procurement systems, which allow companies to gain competitive advantages and to potentially deliver enhanced value to society. Notably, Chinese companies are making steady inroads into the international construction market by enhancing competitiveness. However, we know little about the extent to which Chinese international construction companies (CICCs) perceive procurement innovation and how this factor may relate to their recent success. This research aims to fill the void based on interviews with nine CICC key decision‐makers and experts in this area, and the capturing of their perspectives. It is found that CICCs are gradually adopting procurement innovation as a competitive strategy. Although procurement innovation is conducive to competitive advantage in the long run, CICCs have to pay the cost of entering the new market. Thus a “wait‐and‐see” attitude exists in respect of a long term vision. Unlike the traditional win‐lose competitive bidding system, competing through procurement innovation can lead to larger, more suitable market presence. By succinctly describing the CICC story in the international market this research not only provides CICCs themselves with insights into current procurement innovations existing within the construction sector, but also enables other companies to understand the nature of CICCs with which they might compete or collaborate in the near future.-
dc.languageengen_US
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html-
dc.relation.ispartofJournal of Construction Engineering and Managementen_US
dc.rightsJournal of Construction Engineering and Management. Copyright © American Society of Civil Engineers.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectProcurement innovation-
dc.subjectInternational construction-
dc.subjectCompetitiveness-
dc.subjectConstruction companies-
dc.subjectChina-
dc.titleSharpening Competitive Edge through Procurement Innovation: Perspectives from Chinese International Construction Companiesen_US
dc.typeArticleen_US
dc.identifier.emailLu, W: wilsonlu@hku.hken_US
dc.identifier.emailLiu, AMM: ammliu@hku.hken_US
dc.identifier.emailRowlinson, SM: hrecsmr@hku.hken_US
dc.identifier.emailPoon, SW: swpoon@hkucc.hku.hken_US
dc.identifier.authorityLu, W=rp01362en_US
dc.identifier.authorityLiu, AMM=rp01432en_US
dc.identifier.authorityRowlinson, SM=rp01020en_US
dc.identifier.authorityPoon, SW=rp01017en_US
dc.description.naturepostprint-
dc.identifier.doi10.1061/(ASCE)CO.1943-7862.0000614-
dc.identifier.scopuseid_2-s2.0-84874583620-
dc.identifier.hkuros187835en_US
dc.identifier.hkuros201840-
dc.identifier.volume139-
dc.identifier.issue3-
dc.identifier.spage347en_US
dc.identifier.epage351en_US
dc.identifier.isiWOS:000316551700010-
dc.publisher.placeUnited States-

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