Journal of the Architectural Institute of Korea Structure & Construction (대한건축학회논문집:구조계)

Architectural Institute of Korea (대한건축학회)
권호 표지
DOI QR코드

DOI QR Code

Penetration Strategy for Domestic Construction Companies Into Indonesian Construction Market

국내 건설기업의 인도네시아 건설시장 진출전략

  • 김화랑 (서울과학기술대학교 일반대학원 건축과) ;
  • 옥종호 (서울과학기술대학교 건축학부) ;
  • 장현승 (서울과학기술대학교 건축학부)
  • Received : 2016.01.20
  • Accepted : 2016.04.01
  • Published : 2016.04.30
⟨ Previous Next ⟩

Abstract

The study used the SWOT model to establish strategies for a Korean construction firm to enter the Indonesia construction market and performed literature review, interview survey and official statistics survey to find out internal environmental factors of the firm and local factors. With strength, weakness, opportunity and threats produced, it generated a total of 10 strategies; three from each of SO(Strengths-Opportunities), ST(Strengths-Threats) and two from each of WO(Weaknesses-Opportunities), WT(Weaknesses-Threats) It is considered that the study result can be utilized as basic data in the process to build the strategy for Korean construction firms to penetrate into the construction market in Indonesia

Keywords

Acknowledgement

Supported by : 서울과학기술대학교

References

  1. Badan (2014). Growth Strategies for Indonesia Infrastructure Development, Presentation, 8
  2. Biswa, N., Masahiro, K., & Rajat, M. (2012). Infrastructure for Asian Connectivity, Asian Development Bank, 33
  3. Bradford, R., Duncan, J. P., & Tarcy, B. (2000). Simplified strategic planning: A no-nonsense guide for busy people who want results fast (Vol. 239). Worcester, Massachusetts: Chandler House Press.
  4. British Petroleum (2015). Statistical Review of World Energy 2015
  5. Business Monitor International (2013). Indonesia Infrastructure Report Q1 2013
  6. Business Monitor International (2015). Indonesia Infrastructure Report Q1, Q4 2015
  7. Byun, E., Hwang, S., Seol, D., & Huh, Y. (2015). What Do Contractors Need to Prepare for Entering Indonesia Plant Construction Business?, Journal of the Architectural Institute of Korea Structure & Construction, 17(3), 129-136
  8. Choi, S., & Park, H. (2015). Advanced construction technology and apply strategies for spreading the field direction, Construction & Economy Research Institute of Korea, 1-29
  9. David, F. (2007). Strategic management concepts and cases (11th ed), New York: Prentice Hall
  10. Global Construction Perspectives and Oxford Economics. (2013). Global Construction 2025_A global forecast for the construction industry to 2025, London, pp. 28-325
  11. Global Procurement Assistance (2015). Indonesia Procurement Report, [http://www.pps.go.kr/gpass/jsp/advance/idn/all.gps]
  12. Humphrey, A. (2005). SWOT Analysis for management consulting. SRI Alumni Newsletter
  13. IHS Global Insight (2015). Construction Outlook for Indonesia 2015
  14. Julie, D. (2014). Indonesia loses $4 billion annually to procurement fraud, study finds, fcpablog
  15. International Contractors Association of Korea (2015). General Information Services Statistics, [http://www.icak.or.kr/]
  16. Institute for Economics & Peace (2015). Global Terrorism Index 2015, 10
  17. International Contractors Association of Korea/Construction & Economy Research Institute of Korea (2008). Strategy partnership for Overseas Infrastructure Investment Development Project, Ministry of Land, Transport and Maritime Affairs
  18. Korea Trade Insurance Corporation (2014). Indonesia political & economic trends, 1-7
  19. Kim, E., Kwon, O., & Kim, T. (2014). Indonesia launched the new government economic policy and future prospects, Global Market Report, 14-046
  20. Kim, Y., Yoo, J., & Kwon, k. (2015). KIS Industru Outlook: Construction and Engineering, Korea Investment Service, 1-21
  21. Kim, B. (2015). A Study on Development Strategy of Seoul Digital Industrial Complex using SWOT/AHP Analysis Theory, Thesis, Sejong Cyber University, 14
  22. Korea Development Institute (2013). Preliminary feasibility study for the public authority to carry out overseas standard guidelines for research, 8-19
  23. Kim, E. (2014). Indonesia plans to strengthen the Government, revealed the foreign construction enterprise management, KOTRA Jakarta Trade Office
  24. Kim, H., & Jang, H. (2015). Strengths, Weaknesses, Opportunities, and Threats Analysis of Korea Construction Companies in the Vietnam Market. Journal of the Architectural Institute of Korea Structure & Construction, 31(5), 87-96 https://doi.org/10.5659/JAIK_SC.2015.31.5.87
  25. Kim, E., Kwon, O., & Kim, T. (2014). Prospects of Indonesia new government inauguration and future economic policy, Global Market Report 14-046, 9-14
  26. Korea Institute for International Economic Policy (2011). Economic policies of the new government and the Indonesian presidential election results, vol. 8 No. 39
  27. Kotra Global Window (2015). Investment Climate Report, 10
  28. Lee, K., & Ahn, H. (2013). Industry Report/Construction, Korea Investment & Securities Co., Ltd.
  29. Lee, S. (2015). [Global zoom in] The construction of the infrastructure projects of the new delay, Indonesia views, Newspaper article
  30. Lu, W., Li, H., Shen, L., & Huang, T. (2009). Strengths, weaknesses, opportunities, and threats analysis of Chinese construction companies in the global market. Journal of Management in Engineering, 25(4), 166-176. https://doi.org/10.1061/(ASCE)0742-597X(2009)25:4(166)
  31. McGraw-Hill Construction, The top 225 international contractors & the top 225(250) global contractors, McGraw-Hill Construction, each yearly issue, ENR.
  32. Park, K. (2015). Lacking electricity, Indonesia: Increased demand for power generators, KOTRA Jakarta Trade Office
  33. Shim, S., Jeon, K., & Kim, Y. (2014). Joko-nomics challenges and long-term growth prospects in the landscape, Posri Report, 1-17
  34. Sohn, T. (2015). Domestic and overseas construction localization strategy practices and implications, Construction & Economy Research Institute of Korea, 1-37
  35. Song H., & Lee, H. (2013). Indonesia's major infrastructure developments and implications, The Export-Import Bank of Korea Institute for International Economics, 1-16
  36. The Export Import Bank of Korea (2015). Indonesia country risk assessment report, 1-13
  37. The Export Import Bank of Korea (2015). Representatives of seven public, infrastructure and export Korea Partnership MOU signed, Press Release, 1-3
  38. Transparency International (2014). Corruption Perceptions Index 2014, 4-5
  39. U.S. Geological Survey (2015). Mineral Commodity Summaries 2015
  40. World Bank (2014). Connecting to Compete Trade Logistics in the Global Economy; The Logistics Performance Index and Its Indicators, 35
  41. World Economic Forum, The Global Competitiveness Report, each yearly issue
  42. World Bank (2015). Private Participation in Infrastructure Projects Database of Indonesia, [http://www.ppiaf.org]
  43. Yoo, W., & Kim, W. (2015). International Project Risk Index(IPRI) Development and Implications, Construction & Economy Research Institute of Korea, 1-37
  44. Zhao, Z. Y., Shen, L. Y., & Zuo, J. (2009). Performance and strategy of Chinese contractors in the international market. Journal of Construction Engineering and Management, 135(2), 108-118. https://doi.org/10.1061/(ASCE)0733-9364(2009)135:2(108)