Strategic Management Practices of Indonesian Construction Firms: a Dynamic...

ABSTRACT Since the establishment of the first national strategic festering invent in the early 1970s, the construction industry has played an all important(predicate) role in terms of the economic, social and cultural development of Indonesia. The industrys contribution to Indonesias gross house servant product (GDP) increased from 3.9% in 1973 to 7.7% in 2007. Business supervise International (2009) forecasts that Indonesia is home to one of the fastest-growing construction industries in Asia disdain the average construction growth rate being evaluate to remain under 10% over the period 2006 2010. Similarly, Howlett and Powell (2006) government agency Indonesia as one of the 20 elephantinest construction markets in 2010. Although the prospects for the Indonesian construction industry atomic number 18 now very promising, many a(prenominal) local construction firms still verbal expression serious difficulties, such as poor performance and low competitiveness. There are two main reasons behind this problem: the environment that they face is not favourable; the other is the lack of strategic delegation to improve competitiveness and performance.

Furthermore, although strategic management has now sour more widely used by many large construction firms in developed countries, practical examples and empirical studies related to to the Indonesian construction industry remain scarce. In addition, look for endeavours related to these topics in developing countries appear to be limited. This has potentially become one of the factors hampering efforts to guide Indonesian construction enterprises. This look into aims to construct a conceptual molding to enable Indonesian construction enterprises to develop a sound long-term embodied strategy that generates competitive advantage and superior performance. The conceptual model seeks to address the main prescription of a dynamic capabilities fabric (Teece, Pisano & Shuen, 1997; Teece, 2007) within the context of the Indonesian construction industry. It is hypothesised that in a rapidly changing and... If you want to get a wide-cut essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .