Effect of partner fit in international construction joint ventures

Date

2008-01-01

Author

Ozorhon, Beliz
Arditi, David
Dikmen Toker, İrem
Birgönül, Mustafa Talat

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

258
views

0
downloads

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 performance is examined through a questionnaire survey. IJV performance is measured by means of two constructs: "project performance" and "performance of IJV management." The results point out the significance of the quality of partner relations for a successful IJV operation. Findings of the study also suggest that the level of organizational fit between the partners has a moderate influence on IJV performance. It was observed that strategic fit between IN partners affects interpartner relations extensively, which in turn affects IJV performance. IN partners with compatible technical and managerial skills, financial resources, organizational size, workload, and project experiences are expected to achieve greater IJV success.

Subject Keywords

Management Science and Operations Research, General Engineering, Strategy and Management, Industrial relations

URI

https://hdl.handle.net/11511/38219

Journal

JOURNAL OF MANAGEMENT IN ENGINEERING

DOI

https://doi.org/10.1061/(asce)0742-597x(2008)24:1(12)

Collections

Department of Civil Engineering, Article

Suggestions

OpenMETU
Core

Performance of International Joint Ventures in Construction 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...
Implications of culture in the performance of international construction joint ventures 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 ...
Using analytic network process to predict the performance of international construction joint ventures Ozorhon, Beliz; Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2007-07-01) Strategic collaborations such as joint ventures (JVs) have become an important way of exploiting business opportunities for construction companies. However, such entities are difficult to manage due to their composite structures, which entail diverse organizational cultures, styles, and objectives. Therefore, measurement of JV performance has been an interesting research topic although there is no consensus on the definition, measures, and variables of performance yet. Considering the inherent complexities ...
Impact of Resources and Strategies on Construction Company Performance Isik, Zeynep; Arditi, David; Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2010-01-01) Globalized competition and customer needs forced construction companies to measure their performance beyond the financial measures such as profitability, turnover, etc. As qualitative determinants were added to measurement systems, their investigation and evaluation became a major area of research. In this study, the impact of "resources and capabilities," "strategic decisions," "project management competencies," and "strength of relationships with other parties" on "company performance" was investigated. A...

Citation Formats

B. Ozorhon, D. Arditi, İ. Dikmen Toker, and M. T. Birgönül, “Effect of partner fit in international construction joint ventures,” JOURNAL OF MANAGEMENT IN ENGINEERING, pp. 12–20, 2008, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/38219.