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Article: Managing multiple markets: Big firms and PFI

TitleManaging multiple markets: Big firms and PFI
Authors
KeywordsCollaborative working
Construction firms
Integrated solutions
Multiple markets
Private Finance Initiative (PFI)
Public finance initiative
Value creation
Issue Date2010
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09613218.html
Citation
Building Research And Information, 2010, v. 38 n. 2, p. 131-143 How to Cite?
AbstractThe Private Finance Initiative (PFI) is frequently portrayed as a vehicle for change for the UK construction sector. Significant change in the working practices of construction companies is predicted as new business models based on whole-life value creation emerge. This paper shifts the focus of discussion from projected ideals and possible developments to the current situation. More specifically, it focuses on the challenges that large firms participating in both PFI and traditional markets face. The analysis focuses on the relations between business units and on day-to-day challenges to greater long-term commitment, through life-service provision and increased integration between construction and service provision. The paper offers insights into the effects of PFI on construction practice and their implications for theorizing on organizational and strategic change. It suggests abandoning a simplistic model of the centralized, homogenous firm and instead capturing the dynamics of decentralized, large firms working in multiple markets on a variety of projects. This would assist in the provision of more realistic and fruitful models of how to realize the PFI vision.
Persistent Identifierhttp://hdl.handle.net/10722/146357
ISSN
2015 Impact Factor: 2.196
2015 SCImago Journal Rankings: 1.433
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLeiringer, Ren_HK
dc.contributor.authorSchweber, Len_HK
dc.date.accessioned2012-04-20T02:05:29Z-
dc.date.available2012-04-20T02:05:29Z-
dc.date.issued2010en_HK
dc.identifier.citationBuilding Research And Information, 2010, v. 38 n. 2, p. 131-143en_HK
dc.identifier.issn0961-3218en_HK
dc.identifier.urihttp://hdl.handle.net/10722/146357-
dc.description.abstractThe Private Finance Initiative (PFI) is frequently portrayed as a vehicle for change for the UK construction sector. Significant change in the working practices of construction companies is predicted as new business models based on whole-life value creation emerge. This paper shifts the focus of discussion from projected ideals and possible developments to the current situation. More specifically, it focuses on the challenges that large firms participating in both PFI and traditional markets face. The analysis focuses on the relations between business units and on day-to-day challenges to greater long-term commitment, through life-service provision and increased integration between construction and service provision. The paper offers insights into the effects of PFI on construction practice and their implications for theorizing on organizational and strategic change. It suggests abandoning a simplistic model of the centralized, homogenous firm and instead capturing the dynamics of decentralized, large firms working in multiple markets on a variety of projects. This would assist in the provision of more realistic and fruitful models of how to realize the PFI vision.en_HK
dc.languageengen_US
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09613218.htmlen_HK
dc.relation.ispartofBuilding Research and Informationen_HK
dc.rightsThis is a pre-print version of the article: Leiringer, R. and Schweber, L. (2010). Managing multiple markets: big firms and PFI. Building Research and Information, 38(2), 131-143. DOI:10.1080/09613210903027147 The article is available at: http://www.tandfonline.com.eproxy1.lib.hku.hk/doi/pdf/10.1080/09613210903027147-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectCollaborative workingen_HK
dc.subjectConstruction firmsen_HK
dc.subjectIntegrated solutionsen_HK
dc.subjectMultiple marketsen_HK
dc.subjectPrivate Finance Initiative (PFI)en_HK
dc.subjectPublic finance initiativeen_HK
dc.subjectValue creationen_HK
dc.titleManaging multiple markets: Big firms and PFIen_HK
dc.typeArticleen_HK
dc.identifier.emailLeiringer, R:roine.leiringer@chalmers.seen_HK
dc.identifier.authorityLeiringer, R=rp01592en_HK
dc.description.naturepreprinten_US
dc.identifier.doi10.1080/09613210903027147en_HK
dc.identifier.scopuseid_2-s2.0-77649323268en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77649323268&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume38en_HK
dc.identifier.issue2en_HK
dc.identifier.spage131en_HK
dc.identifier.epage143en_HK
dc.identifier.eissn1466-4321-
dc.identifier.isiWOS:000276099200001-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLeiringer, R=12753583200en_HK
dc.identifier.scopusauthoridSchweber, L=25629047800en_HK

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