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Conference Paper: Knowledge on global strategies in revitalising construction industry

TitleKnowledge on global strategies in revitalising construction industry
Authors
KeywordsConstruction industry development
Revitalization strategy
Structural decline
Issue Date2009
PublisherCIB.
Citation
CIB W102 5th Conference information and knowledge management in building: Deconstructing Babel: Sharing Global Construction Knowledge, Rio de Janeiro, Brazi, June 17-19, 2009, p. 9 pages How to Cite?
AbstractConstruction is a growth engine for a country’s economy development. At the same time, the construction industry is heavily influenced by general economy. A structural change of construction sector will induce a ripple effect to the economy if no immediate and effective measures are introduced to revitalize the industry. In the past, the construction industry of some advanced economies had already experienced recession periods, and various organizational strategies were introduced to stimulate the construction industry. Since not much research is attributed to identifying effective strategies to cope with a structural change in the construction industry, knowledge and lessons learnt from other advanced economies may help executives of construction establishments to map out viable and suitable policies and strategies at the corporate levels to sustain and revive the business. This paper aims to capture the knowledge in which the construction establishments adopted to react to a permanent change in construction demand and represent the knowledge in a structured manner, through a series of interviews conducted in selected advanced countries. Revitalization strategies include corporate restructure / reengineering, diversification in other sectors, and exploring the international market. Their effectiveness is discussed. The strategies are being put under the knowledge management initiatives of construction firms for policy and decision-makers’ future reference. The knowledge learned from advanced countries should eventually lead to change and improvement of the construction organizations’ business processes.
Persistent Identifierhttp://hdl.handle.net/10722/63259

 

DC FieldValueLanguage
dc.contributor.authorNg, TSTen_HK
dc.contributor.authorFan, YCen_HK
dc.contributor.authorWong, JMWen_HK
dc.date.accessioned2010-07-13T04:19:36Z-
dc.date.available2010-07-13T04:19:36Z-
dc.date.issued2009en_HK
dc.identifier.citationCIB W102 5th Conference information and knowledge management in building: Deconstructing Babel: Sharing Global Construction Knowledge, Rio de Janeiro, Brazi, June 17-19, 2009, p. 9 pagesen_HK
dc.identifier.urihttp://hdl.handle.net/10722/63259-
dc.description.abstractConstruction is a growth engine for a country’s economy development. At the same time, the construction industry is heavily influenced by general economy. A structural change of construction sector will induce a ripple effect to the economy if no immediate and effective measures are introduced to revitalize the industry. In the past, the construction industry of some advanced economies had already experienced recession periods, and various organizational strategies were introduced to stimulate the construction industry. Since not much research is attributed to identifying effective strategies to cope with a structural change in the construction industry, knowledge and lessons learnt from other advanced economies may help executives of construction establishments to map out viable and suitable policies and strategies at the corporate levels to sustain and revive the business. This paper aims to capture the knowledge in which the construction establishments adopted to react to a permanent change in construction demand and represent the knowledge in a structured manner, through a series of interviews conducted in selected advanced countries. Revitalization strategies include corporate restructure / reengineering, diversification in other sectors, and exploring the international market. Their effectiveness is discussed. The strategies are being put under the knowledge management initiatives of construction firms for policy and decision-makers’ future reference. The knowledge learned from advanced countries should eventually lead to change and improvement of the construction organizations’ business processes.-
dc.languageengen_HK
dc.publisherCIB.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectConstruction industry development-
dc.subjectRevitalization strategy-
dc.subjectStructural decline-
dc.titleKnowledge on global strategies in revitalising construction industryen_HK
dc.typeConference_Paperen_HK
dc.identifier.emailNg, TST: tstng@hkucc.hku.hken_HK
dc.identifier.emailFan, YC: h0389349@hku.hken_HK
dc.identifier.emailWong, JMW: jmwwong@hkucc.hku.hk-
dc.description.naturelink_to_OA_fulltext-
dc.identifier.hkuros161547en_HK
dc.publisher.placeBrazil-

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