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Abduh, M and Skibniewski, M J (2004) Electronic networking technologies in construction. Journal of Construction Research, 5(01), 17–42.
Dainty, A R J, Bagilhole, B M, Ansari, K H and Jackson, J (2004) Creating equality in the construction industry: an agenda for change for women and ethnic minorities. Journal of Construction Research, 5(01), 75–86.
Gidado, K (2004) Enhancing the prime contractor's pre-construction planning. Journal of Construction Research, 5(01), 87–106.
Koch, C (2004) Can knowledge management become global? - consulting engineering companies in the knowledge economy. Journal of Construction Research, 5(01), 107–24.
Koksal, A and Arditi, D (2004) An input/output model for business failures in the construction industry. Journal of Construction Research, 5(01), 1–16.
- Type: Journal Article
- Keywords: Business failures; construction companies; organizational decline
- ISBN/ISSN: 1609-9451
- URL: http://www.worldscinet.com/jcr/05/0501/S1609945104000024.html
- Abstract:
An input/output model is proposed to explain business failures in the construction industry. The proposed input/output model argues that organizational and environmental factors are the determinants of failure/survival in that they solely or jointly affect the performance of an organization, whose components in turn constitute the symptoms of failure/survival. Dun and Bradstreet's US business failure data are used in the study to populate the input/output model. The proposed input/output model is generated by two processes. In the initial process, environmental and organizational determinants (i.e. inputs) are transformed into performance symptoms (i.e. outputs). According to the results of the study, environmental factors account for 60.7% and organizational factors for the remaining 39.3% of all the determinants of failure. In the final process, performance factors (i.e. symptoms) are considered to be indicators of failure. The study indicates that the most important symptoms of failure are insufficient profits, heavy operating expenses and burdensome institutional debt. Based on the symptoms and in the light of prevailing environmental conditions, company executives can adjust organizational factors, among which the most conducive to failure appear to be insufficient capital and lack of business, managerial and line experience.
Poon, J (2004) Development of an expert system modelling the construction process. Journal of Construction Research, 5(01), 125–38.
Webb, R M, Smallwood, J and Haupt, T C (2004) The potential of 4d cad as a tool for construction management. Journal of Construction Research, 5(01), 43–60.
Williamson, M, Wilson, O, Skitmore, M and Runeson, G (2004) Client abuses of the competitive tendering system: some general principles and a case study. Journal of Construction Research, 5(01), 61–73.
Wu, D, Chan, E H W and Shen, L (2004) Scoring system for measuring contractor's environmental performance. Journal of Construction Research, 5(01), 139–47.