Determinants of Glocal Success in International Construction

2009-05-22
Globalization is triggering construction companies to act in multinational markets. Although, it is a major resource for the growth of companies, understanding the factors (opportunities, threats) that influence international construction is also compulsory for the successful accomplishment of projects. Besides, in order to focus solely on the core business, companies should have the capability to manage those factors by eliminating the threats of the factors such as strategic fit, cultural fit, host country conditions (e.g. political, macro economic, legal system) which are not project related but differ depending on the partner and the host country, in which the project is executed. Herein a compromise is proposed to be the term “glocal” as a concurrent combination of the international business activities (global experience) with local adaptations (local know how). “Glocal” is a new definition of a known concept for the strategic aliening of an international company with a local partner. In this research; definition, benefits, risks, problems and probable determinants of success in glocalization was investigated by an in-depth literature review as well as having the experiences of the practitioners.
Fifth International Conference on Construction in the 21st Century (CITC-V), (May 20-22, 2009)

Suggestions

Teaching globalization issues to civil engineering students – the international collaborative construction management course
Soibelman, L,; Akinci, B,; Sacks, R,; Dikmen Toker, İrem; Birgönül, Mustafa Talat; Formoso, C,; Isatto, E, (null; 2009-05-22)
Several construction companies have reported that their engineers and project managers are not prepared to deal with the requirements of the increasing globalization that is creating new opportunities with expanding markets all over the world. Construction companies, engineers, and project managers are realizing that their domain knowledge on materials, equipments, construction techniques, management techniques and methods, and social skills are local. Traditional construction management education does not ...
Glocalization in international construction projects
Sönmez, Özgür; Birgönül, Mustafa Talat; Department of Civil Engineering (2016)
Success in implementation of international construction projects depend on an optimal integration of globalization and localization strategies. Therefore, glocalization strategy seems the best alternative for decision makers in an international construction business. Initial objective of this research is to make a clear and extensive definition of Glocalization in international business and thus reveal the fact that it is applicable in international construction business as well as in other sectors. In orde...
The politics of neoliberal transformation on the periphery: a critical comparison of Greece and Turkey
Gonenc, Defne; Durmaz, Günseli (Informa UK Limited, 2020-11-01)
Financialization and neoliberal globalization have increased the dependency of peripheral countries on core economies. This paper tracks the neoliberalization processes of Greece and Turkey, two neighbouring countries on the periphery of Europe. By using a comparative political economy method and borrowing from the variegated capitalism literature, it critically investigates how these two Mediterranean countries were affected by the 2008 global financial crisis, their variant responses, and the impacts of t...
A review of international construction research: Ranko Bon’xxs contribution
Dikmen Toker, İrem; Birgönül, Mustafa Talat (2006-07-01)
Literature on international construction is rich in adopting conceptual frameworks to investigate levels of international competitiveness and making inter‐country comparisons about sources of national competitive advantage. However, there are limited studies that result from collaborative work between different country researchers about development of custom frameworks to investigate complexities of international construction business, experience‐based generic libraries applicable to international construct...
The negative effects of construction boom on urban planning and environment in Turkey: Unraveling the role of the public sector
Balaban, Osman (2012-01-01)
Construction sector is usually accepted as the engine that triggers economic growth due to its strong backward and forward linkages with other sectors. On the other hand, it is also argued that increased construction activity could end up with negative economic, social and environmental impacts. The literature emphasizes the role of public sector, especially the national governments in minimizing the negative impacts of construction activity. The related arguments mostly postulate that public sector is well...
Citation Formats
Z. Işık, M. T. Birgönül, and İ. Dikmen Toker, “Determinants of Glocal Success in International Construction,” İstanbul, Türkiye, 2009, p. 941, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/78233.