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Benchmarking of Strategic Performance of Global Top Construction Firms  

Woo, Jung-Suk (신안건설산업, 중앙대학교 대학원)
Jang, Hyoun-Seung (한국건설산업연구원)
Choi, Seok-In (한국건설산업연구원)
Park, Chan-Sik (중앙대학교 건축학과)
Publication Information
Korean Journal of Construction Engineering and Management / v.10, no.3, 2009 , pp. 122-129 More about this Journal
Abstract
Strategic planning is an essential function of senior management in any business firm. Planning involves the firm's behavior in an competitive market and adaptation of the company's resources towards the selected market strategy. This study presents a methodological procedure for strategic planning in global top-tier construction firms. This procedure consists of the following stages. First, analyzed growth of revenue in which weight of total construction firms' revenue shown in Global Top 225 Contractors(ENR). Second, analyzed specialty of construction products. The products are General Building, Power, Water Supply, Industrial/Petroleum Process, and Transportation. Third, analyzed business the portfolio plan. The business portfolio plan includes both local/overseas market and specification/diversification of construction products. It affects the subsequent choice of a benchmarking for development of each construction company. The choice of the benchmarking firm, among several available alternatives, should follow a careful analysis of the characteristics and benefits inherent in the implementation of each.
Keywords
Business Strategy Planning; Business Portfolio Plan; Benchmarking; ENR;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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