Journal of Construction Engineering and Project Management

Korea Institute of Construction Engineering and Management (한국건설관리학회)
권호 표지
DOI QR코드

DOI QR Code

Chinese Construction Market for Foreign Construction Enterprises using SWOT

  • Zhi, Wang En (Department of Civil and Environmental Engineering, Pusan National University) ;
  • Woo, Moon Sung (Department of Civil and Environmental Engineering, Pusan National University)
  • Received : 2013.08.29
  • Accepted : 2014.01.22
  • Published : 2014.06.01
Download PDF
⟨ Previous Next ⟩

Abstract

The remarkable growth of China's economy over the past several decades has obtained tremendous achievements. The construction industry play a leading role un this rapid economic expansion. And China's huge construction market gives it great economic influence around the world, it has attracting many enterprises to entry, although many enter barriers and market risks exist. However many construction enterprises have not doing well, especially foreign construction enterprises are not doing as well as we thought in the Chinese construction market. Although China's construction market has great development and become increasingly open, foreign investors and contractors now have much broader access to the Chinese construction market than before. But nonetheless, there are a wide range of practical problems that bring potential risks for them to invest in China. This paper aims to identify foreign construction enterprises' position by understanding the local market environment, and adopt he SWOT analysts Identifies the foreign construction enterprises' strengths, weaknesses, opportunities, and threats in the Chinese construction market, to Proposes appropriate Strengths-Opportunities (SO), Weaknesses-Opportunities (WO), Strengths-Threats (ST) and Weaknesses-Threats (WT) strategies to make the foreign construction enterprises movling forward.

Keywords

References

  1. W.W. Badger, D.E. Mulligan, "Rationale and benefits associated with international alliances", Journal of construction engineering and management, vol. 121, no. 1, pp. 100-111, 1995. https://doi.org/10.1061/(ASCE)0733-9364(1995)121:1(100)
  2. J.S. Bain, "Barriers to new competition: their character and consequences in manufacturing industries", AM Kelley, 1993.
  3. F.L. Bennett, "The management of construction: A project lifecycle approach", Routledge, 2003.
  4. C. Zhengxing, H. Shengyue, G. Lianwei, "Internationalization Strategies for China's Construction Enterprises", Proceedings of 2005 International Conference on Management Science and Engineering , 2005.
  5. J.R. Cui, "An Empirical Study of Regional Differences of Chinese Construction Industry", Advanced Materials Research, vol. 250, pp. 4057-4060, 2011.
  6. ENR, "The top 225 International Contractors: Engineering news-Record", 2012.
  7. H. Vaughan, "Corporate Management and Project Management Practices", Powerpoint, Tsinghua University, Beijing, China, 2007.
  8. F.Y.Y. Ling, S.P. Low, S.Q. Wang, H.H. Lim, "Key project management practices affecting Singaporean firms' project performance in China.", International Journal of Project Management, vol. 27, no. 1, pp. 59-71, 2009. https://doi.org/10.1016/j.ijproman.2007.10.004
  9. P. Pearce, "Construction marketing: A professional approach", Thomas Telford, 1992.
  10. M.E. Porter, "Competitive strategy: Techniques for analyzing industries and competitors author: Michael e. porter, publisher: Free press", 1998.
  11. L.Y. Shen, Z.Y. Zhao, D.S. Drew, "Strengths, weaknesses, opportunities, and threats for foreign-invested construction enterprises: A China study", Journal of construction engineering and management, vol. 132, no. 9, pp. 966-975, 2006. https://doi.org/10.1061/(ASCE)0733-9364(2006)132:9(966)
  12. A. Warszawski, "Strategic planning in construction companies", Journal of construction engineering and management, vol. 122, no. 2, pp. 133-140, 1996. https://doi.org/10.1061/(ASCE)0733-9364(1996)122:2(133)
  13. T. Xu, NJ. Smith, D.A. Bower, "Forms of collaboration and project delivery in Chinese construction markets: Probable emergence of strategic alliances and design/build", Journal of Management in Engineering, vol. 21, no. 3, pp. 100-109, 2005. https://doi.org/10.1061/(ASCE)0742-597X(2005)21:3(100)
  14. C.S. Yearbook, "National Bureau of statistics of China", China Statistical Yearbook, 2002-2012.
  15. L. Yuping, "The Concentration Ratio of Chinese Construction Industry Market", Proceedings of Management and Service Science (MASS), International Conference on IEEE, pp. 1-4, 2010.

Cited by

  1. An Integrated Management Model for Avoiding Customer Information Leakage in China’s Housing Markets 2019, https://doi.org/10.1007/s13132-017-0476-y