Cover image for Strategic Management in Construction.
Strategic Management in Construction.
Title:
Strategic Management in Construction.
Author:
Langford, David.
ISBN:
9780470680049
Personal Author:
Edition:
2nd ed.
Physical Description:
1 online resource (258 pages)
Contents:
Contents -- Preface -- 1 Introduction -- Part A - Construction and its business environment -- 2 Construction - an overview of the market -- Industrial building -- Commercial building -- The housing market -- Repairs and maintenance -- Making sense of the trends -- 3 The strategic role of the actors in the construction process -- Thc cvolution of the construction industry in thc post World War IT era -- 4 Clients, constructors and competencies -- Introduction -- The concepts of product and project life cycles in construction -- The strategic concepts of industry and market in construction -- Market structure, price determination and competition in construction -- Conclusion -- Part B - Concepts of strategic management -- 5 The firm and the strategic management process -- Introduction -- The strategic management process -- Thc stratcgic managcmcnt process md organisational change -- Thc managernent of change in construction -- Strategic behaviour -- Conclusion -- 6 Strategic behaviour of construction firms -- Introduction -- Core business and core competencies in construction -- Levels of strategy -- Managing the diversified construction firm -- Strategies at the operating core in contracting firms -- Project portfolios and potential capacity -- Sub-contracting as a production strategy within project portfolios -- The management resource in construction firms as a source of competitive advantage - resolving a strategic paradox -- Conclusions -- 7 Strategies for international construction -- Background -- International business strategy -- Size and structure -- Reasons for internationalism -- Characteristics and obstacles to internationalisation -- Competitive advantage and strategy in international construction -- Competitive advantage in international construction -- Factor conditions -- Domestic demand conditions.

Related and supplier/sub-contractor indiistries -- Firm strategy, structure and competitiveness -- Country analysis -- General overview -- Strategic positioning competitive intelligence -- Part C - Techniques for the strategic planner -- 8 Portfolio management, Delphi techniques and scenarios -- Business portfolio management -- The Boston Consulting Group growth-share matrix -- Portfolio management and the construction industry -- Delphi techniques -- Scenarios -- Cross impact analysis -- 9 Marketing and promotional strategies in construction -- Introduction -- The marketing concept -- Marketing orientation and relationship marketing philosophy -- Service quality and customer satisfaction -- Internal marketing -- Internal customer satisfaction -- Customer care -- Marketing strategies - market choice and segmentation -- The marketing mix in service industries -- Promotional strategies -- Promotional media (personal/non personal) -- Co-focusing on customer service - the problems to be overcome -- Part D - Summary -- 10 A synthesis of strategic management in construction -- Introduction -- Strategic management in the construction industry -- Industries and markets in construction -- Entry and exit barriers exist in an industry -- 'l'he nature of the firm -- The firm's product in construction -- Core business, core competencies and distinctive capabilities -- Innovation in construction -- Typologies of firms -- Strategy -- Structuring the strategic management process -- The decision-making role of the strategist -- The elements of competitive strategy -- 'l'he marketing function and its coiitribution to competitive advantage -- Tools, techniques and methodologies for competitive advantage -- Construction corporations and contracting corporations -- Structure, strategy and process - managing the diversified construction firm -- Construction strategies.

Project portfolios and potential capacity -- Sub-contracting as a production strategy within project portfolios -- Management as a source of competitive advantage -- Supply chain management in construction -- International construction -- Conclusions on managing construction corporations -- Thc consultants - the construction professions -- Implications for professional practices and the building professions by size of firm -- Conclusions on managing construction consultancies -- Conclusions -- A contingency model of strategic management for construction -- Index.
Abstract:
This book reviews the general theory of strategy, relates it to the particular circumstances of the construction industry, and shows how it can be applied in practice. It brings together ideas from economics, marketing, management, business and politics to develop strategic management for both contractors' firms and the associated professions. Substantial changes have occurred in the industry since the book was first published in 1991. This Second Edition reflects the major developments that have followed the Latham and Egan reports, and includes new chapters on international strategy and marketing, showing how they can contribute to the strategic planning of construction organizations. The book will provide a valuable tool for the strategic development of construction firms. "Ten years separate the editions during which period a significant number of British, (and other), construction firms which had survived generations of proprietors merged, changed beyond recognition or ceased trading. One can not but wonder if publication of a work on strategic planning some twenty year earlier might have saved some of them." Construction Manager "The book presents the essential elements for managing at this higher level and should be a must for any construction professional who aspires to an executive position in industry as well as any student for construction management, project management and organizational management in construction. It comes highly recommended" Engineering, Construction and Architectural Management.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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