COMPARATIVE STUDY ON INTER-ORGANIZATIONAL RELATIONS BETWEEN KEIRETSU AND PARTNERING

Partnering has taken root all over the world as a remedy for the adversarial relation between parties concerned with construction projects. It is deemed to be derived from Keiretsu in Japan where parties related cooperate with one another as a team gaining reputations for completing projects on schedule and budget while maintaining high standard of quality. However, Keiretsu is now being weakened in proportion to the economic recession and there is an important change that needs to happen in the industry. The aims of this study are to find out the essence of Keiretsu by comparing Keiretsu with Partnering and to look for the direction of the reform plan.