Toward a Multidimensional Performance Measure for International Joint Ventures in Construction

2011-06-01
Ozorhon, Beliz
Arditi, David
Dikmen Toker, İrem
Birgönül, Mustafa Talat
Measuring the performance of joint ventures has been an important research topic for a few decades. No consensus on an appropriate definition and measurement of performance of international joint ventures (IJVs) has yet emerged, and the validity of the underlying measures is still questionable. In this study, the construct validity of measures that define IJV performance in construction is evaluated using data obtained through a questionnaire survey. A second-order performance construct is proposed, which is measured by means of project performance, partner performance, performance of IJV management, and perceived satisfaction with IJV. The validity of the performance measures is evaluated by means of tests that assess content validity, reliability, and convergent and discriminant validity. The findings reveal that all proposed indicators are valid measures of IJV performance and that they correspond to different dimensions of performance. This research is expected to trigger further work on developing a multidimensional performance measure for IJVs in construction. In addition, the findings can help practitioners reflect on how they operate and measure the success of their IJVs. DOI: 10.1061/(ASCE)CO.1943-7862.0000314. (c) 2011 American Society of Civil Engineers.
JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT-ASCE

Suggestions

Fuzzy Structural Equation Model to Assess Construction Site Safety Performance
Gunduz, Murat; Birgönül, Mustafa Talat; Ozdemir, Mustafa (American Society of Civil Engineers (ASCE), 2017-04-01)
The main goal of this study is to examine the relationships between determinants of safety performance of construction sites. To achieve this goal, 168 observable variables and 16 latent dimensions that affect safety performance of construction sites were collected through extensive literature reviews, expert opinions, and face-to-face interviews. A questionnaire form was developed and administered to construction professionals as a data-collection tool about the observable variables and latent dimensions. ...
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...
Exploring the Relationship between Complexity and Risk in Megaconstruction Projects
Erol, Huseyin; Dikmen, Irem; Atasoy Özcan, Güzide; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2020-12-01)
© 2020 American Society of Civil Engineers.Although complexity and risk are inherent characteristics of megaconstruction projects, existing project management approaches fail to incorporate complexity-based thinking into risk management. Complexity is usually considered as the source of risk events, along with uncertainty. However, prevailing risk management practices are oriented toward only handling the uncertainty. The lack of integration between the complexity and other risk-related concepts leads to un...
Prediction of organizational effectiveness in construction companies
Dikmen Toker, İrem; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2005-02-01)
Investigation of literature on organizational effectiveness (OE) reveals that the researchers have been in consensus for the difficulty of defining, modeling, and measuring OE, which is important for attaining high performance. Major focuses of this paper are, therefore, to construct a conceptual framework to model OE, to derive major determinants of OE from this framework, and to measure OE by constructing prediction models based on artificial neural network (ANN) and multiple regression (MR) techniques. B...
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...
Citation Formats
B. Ozorhon, D. Arditi, İ. Dikmen Toker, and M. T. Birgönül, “Toward a Multidimensional Performance Measure for International Joint Ventures in Construction,” JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT-ASCE, pp. 403–411, 2011, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/42252.