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Modeling the performance of international construction joint ventures
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index.pdf
Date
2007
Author
Özorhon, Beliz
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International joint ventures (IJVs) have become popular because of their importance as a strategic alternative in global competition. Construction companies consider IJVs as a vehicle to enter new markets and exploit business opportunities. Being a special type of strategic alliance, IJVs offer partnering companies to combine the distinctive competencies and the complementary resources. Despite the benefits associated with IJVs, such entities are very difficult to manage mainly due to their inherent complexity, involving a mixture of different cultures, managerial systems, philosophies, and attitudes. As a result of these difficulties, the failure rate of IJVs is generally high. Therefore, measurement of the performance of IJVs has been an important research topic for a few decades. However there is no consensus on an appropriate definition of the indicators and determinants of IJV performance in construction. In this study, a framework is proposed to model the IJV performance in construction industry. A multi-dimensional performance measure is developed and determinants influencing the level of performance are defined. In this context, a questionnaire survey was administered to Turkish construction companies that have established IJVs with foreign partners. The validity of the proposed drivers and measures of performance is investigated and relationships between them are analyzed using the structural equation modeling technique. The results point out the significance of the inter-partner fit and the quality of partner relations for a successful IJV operation. The findings of the study also suggest that project-related factors have a moderate influence on IJV performance. In a properly designed IJV structure, partners with compatible skills, resources, and cultures are found to maintain good relations and are expected to achieve greater IJV success.
Subject Keywords
Performance technology--management.
,
Management of engineering.
URI
http://etd.lib.metu.edu.tr/upload/12608945/index.pdf
https://hdl.handle.net/11511/17282
Collections
Graduate School of Natural and Applied Sciences, Thesis
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Ozorhon, Beliz; Arditi, David; Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2010-10-01)
International joint ventures (IJVs) have become popular because of their importance as a strategic alternative in global competition. The measurement of the performance of IJVs has been an important research topic for a few decades, however there is no consensus on an appropriate definition and measurement of IJV performance. In this study, a model is proposed to assess IJV performance in construction. The validity of the proposed drivers and measures of performance is investigated and relationships between...
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Ozorhon, Beliz; Arditi, David; Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2008-05-01)
Joint ventures have become popular because of their importance as a strategic alternative in global competition. One of the reasons why international joint ventures (IJVs) are difficult to manage is because the cultural distance between IN partners has significant impact on alliance performance. Since construction projects are highly sensitive to external risks, the effect of the culture in the location in which the IN operates is also significant. In this study, the effect of cultural similarity/difference...
Effect of host country and project conditions in international construction joint ventures
ÖZORHON ORAKÇAL, BELİZ; Arditi, David; Dikmen Toker, İrem; Birgönül, Mustafa Talat (2007-11-01)
Joint ventures (JVs) have become popular because of their importance as a strategic alternative in global competition. International joint ventures (IJVs) are difficult to manage due to their complex structures involving more than two entities having different and competing objectives and strategies. Since each construction project is unique, project-specific factors are significant for the success of an IJV as well as the risks associated with the host country in which the IJV operates. In this study, the ...
The role of organisational culture in construction company alliances
ÖZORHON ORAKÇAL, BELİZ; Arditi, David; Dikmen Toker, İrem; Birgönül, Mustafa Talat (Inderscience Publishers, 2008-01-01)
Alliances between construction companies have become popular because of their importance as an alternative in global competition. Construction companies complement skills, experience, and resources with their partners to successfully complete a construction project through the formation of alliances. Alliances provide several advantages for the participants, but are subject to several risks too. The quality of inter-company relations determines how well an alliance performs. In this study, the effect of the...
Effect of partner fit in international construction joint ventures
Ozorhon, Beliz; Arditi, David; Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2008-01-01)
Joint ventures have been an important research topic over the last few decades primarily because of their importance as a strategic alternative in global competition. Due to the inherent complexities of international joint ventures (IJVs), involving a mixture of different managerial systems, attitudes, and business strategies, such entities are very difficult to manage. In this study, the effect of strategic, organizational, and cultural fit between IJV partners and of interpartner relations on IN performan...
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B. Özorhon, “Modeling the performance of international construction joint ventures,” Ph.D. - Doctoral Program, Middle East Technical University, 2007.
