Impact of Resources and Strategies on Construction Company Performance

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 questionnaire survey was administered to 73 Turkish contractors and the results of the survey were analyzed using structural equation modeling. The findings indicate that, as expected, resources and capabilities and strategic decisions have an important and direct impact on company performance, whereas project management competencies and strength of relationships with other parties impact company performance only indirectly, through their impact on companies' resources and capabilities and strategic decisions.


Effects of Risk Attitude and Controllability Assumption on Risk Ratings: Observational Study on International Construction Project Risk Assessment
Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2018-11-01)
Risk assessment based on probability-impact (P-I) ratings is the most widely used approach in project-based industries such as the construction industry. However, there are various criticisms about utilization of the P-I rating approach because there are factors and assumptions that are hidden within the risk ratings that cannot be conveyed to decision makers for a reliable risk assessment. This study aimed to explore biases, particularly how the risk attitude and assumptions on controllability of risk (ill...
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...
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 ...
Quantiative Methodology for Determination of Cost Contingency in International Projects
Sönmez, Rifat; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2007-01-01)
This paper presents a quantitative methodology to determine financial impacts of the risk factors during the bidding stages of international construction projects. Project and country data of 26 construction projects from 21 countries were collected for evaluation of the international risk factors. The factors impacting cost contingency were identified using correlation and regression analysis techniques. The results indicated that four factors had major contributions for explaining the variations in the co...
Using System Dynamics for Strategic Performance Management in Construction
Yildiz, Acelya Ecem; Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2020-03-01)
Balanced scorecard (BSC) and strategy maps (SMs) are among the most popular strategic performance management methods that have been proposed in the literature to define, analyze, and monitor performance and strategies. Despite their popularity, BSC and SMs have been criticized for their inability to simulate dynamic interrelations between performance measures and strategies over time. In this paper, a dynamic SM was developed by using system dynamics (SD) modeling based on the BSC framework. This paper desc...
Citation Formats
Z. Isik, D. Arditi, İ. Dikmen Toker, and M. T. Birgönül, “Impact of Resources and Strategies on Construction Company Performance,” JOURNAL OF MANAGEMENT IN ENGINEERING, pp. 9–18, 2010, Accessed: 00, 2020. [Online]. Available: