Strategic Assets Driving Organizational Capabilities of Thai Construction Firms
Publication: Journal of Construction Engineering and Management
Volume 135, Issue 11
Abstract
This research study aims to identify strategic assets which currently drive and enhance the organizational capabilities of construction firms. There were 258 sets of questionnaires assessing the level of importance given to 106 substantial resources underlying six organizational capabilities of Thai construction firms that were analyzed. Using factor analysis, these 106 items were reduced to 14, which were termed strategic assets. These 14 strategic assets were then classified based on their influence on the six organizational capabilities. The results indicate that Thai construction firms concentrate mostly on developing excellent reputation, creating strong bargaining power with suppliers and subcontractors, and strengthening the firm’s financial stability. However, they do not give much importance to effective risk and investment management, continuous development and innovation, and explicit strategic management. These findings provide in-depth insight to comprehensively understanding a Thai construction firm’s capabilities. These 14 strategic assets should thereafter be used to develop a practical tool for managers of construction firms to evaluate their firm’s strengths and weaknesses as well as to identify strategic assets required to enhance competitiveness in the market.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 135 • Issue 11 • November 2009
Pages: 1222 - 1231
Copyright
© 2009 ASCE.
History
Received: Jan 17, 2009
Accepted: May 8, 2009
Published online: May 9, 2009
Published in print: Nov 2009
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