Exploration and exploitation in project-based organizations: Development and diffusion of knowledge at different organizational levels in construction companies

Eriksson, Per-Erik

doi:10.1016/j.ijproman.2012.07.005

Cited by 170 publications

(191 citation statements)

References 73 publications

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“…In sequential ambidexterity strategy, exploration and exploitation activities are undertaken in the same unit and same people but at different periods (He & Wong, 2009). This strategy is suitable for companies/projects with fewer resources since separation of one unit into smaller ones can be costly to undertake and manage (Eriksson, 2012). In contextual ambidexterity strategy, exploration and exploitation is executed in the same unit simultaneously (He & Wong, 2009).…”

Section: Ambidextrous Strategymentioning

confidence: 99%

A Framework for Property Developers to Survive in a Recession

Parambath¹,

Udawatta²

EPiC Series in Education Science

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Recession is considered as a major threat to the economy as it slows down the economic activities. The property development sector is extremely responsive to these economic conditions. Thus, it is crucial to understand causes, effects and strategies for property developers to survive in a recession without any ill effects. Thus, this research aimed to develop a framework for property developers to identify appropriate survival strategies in a recession. A comprehensive literature review was conducted in this research to achieve the above mentioned aim. The results of this study indicated that recession prompts negative impacts on the property development sector resulting in unemployment, low demand, low production, low revenue, decline in resources and high level of competition. According to the results, the survival strategies were classified into short-term and long-term strategies. The short term strategies include: implementing management tactics; cut down of operating costs; keeping financing lines set up; timely repayment of debts; setting vital new objectives for the future; undertaking shortterm developments; specialisation in favoured market; and renegotiating contracts. The long-term strategies include: retrenchment; restructuring; investment; and ambidextrous strategies. Similarly, attention should be paid to predict any changes in the economic environment that can influence property development activities and it is necessary to carefully evaluate the investment activities to increase sales, profits and market shares of property developers. Preparing for a crisis is doubtlessly the ideal approach as it can facilitate both survival and growth. Thus, the property developers can implement these suggested strategies in their businesses to enhance their practices.

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Section: Ambidextrous Strategymentioning

confidence: 99%

A Framework for Property Developers to Survive in a Recession

Parambath¹,

Udawatta²

EPiC Series in Education Science

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“…The construction sector is a project-based business where a group of firms collaborate together to achieve the goals of the project, usually requiring special capabilities for various construction activities, such as design, manufacturing, procurement, engineering and logistics [2,7,16,17]. Firms form a temporary supply chain, which organizes its structures, strategies and capabilities according to the customer's needs, while the contractor firm receiving an order from a customer performs a key role as a leading firm of the project [7,8].…”

Section: Gscm In the Construction Industrymentioning

confidence: 99%

Environmental Capabilities of Suppliers for Green Supply Chain Management in Construction Projects: A Case Study in Korea

et al. 2016

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Green supply chain management (GSCM) enhances a firm's competitiveness for sustainable growth. GSCM is especially important in the construction industry, a project-based business that often results in heavy environmental pollution. For the successful implementation of GSCM in the construction industry to occur, contractors should make the best use of suppliers' environmental capabilities based on shared understanding of the capabilities. This paper examines the shared understanding of suppliers' environmental management capabilities between the contractor and suppliers by assessing the consistency between the contractor's and suppliers' evaluations of the capabilities. This explorative case study investigates a supply chain comprised of a major construction firm and 106 suppliers in Korea. The results of the case analysis show that the suppliers' self-evaluation scores of environmental capability are higher than the contractor's evaluation scores. Furthermore, from both evaluators, suppliers received the lowest scores in the evaluation item rating the relationship with second-tier suppliers and the highest in the evaluation item rating the relationship with the contractor. The consistency between the suppliers' and contractor's evaluation is related to several characteristics of suppliers, such as industry type, firm size and partnership duration with the contractor. This study contributes to the literature of GSCM and strategic alignment amongst supply chain partners for the construction industry.

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“…Combining exploration and exploitation thereby seems central to handle the tension between short-term project management and long-term asset management. However, combining exploration and exploitation is especially important in large and complex projects, where tight time and cost constraints require efficiency, whereas complexity, uncertainty, customization and uniqueness require innovation and adaptation (Eriksson, 2013;Turner et al, 2014). In small and simple projects with short duration and scarce resources the need and possibilities for slow explorative learning are less apparent.…”

Section: Introductionmentioning

confidence: 99%

Procurement strategies for enhancing exploration and exploitation in construction projects

Eriksson

2017

JFMPC

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.*Related content and download information correct at time of download. Purpose -The purpose of this study is to investigate how procurement strategies may be designed to facilitate exploration and exploitation in construction projects.Design/methodology/approach -This paper is based on a literature review of organizational research and construction management literature together with a brief interview study of Swedish clients and contractors.Findings -The theoretical and empirical findings propose that small and simple projects with low uncertainty and scarce resources may focus on exploitation to enhance short-term efficiency through traditional procurement strategies including delivery systems that separate the actors and their activities (i.e. pure design-build-or design-bid-build-contracts), fixed price payment and price focus in bid evaluation. Large complex projects with high uncertainty and customization benefit from combining exploration and exploitation to enhance sustainable performance. This requires collaborative procurement strategies including joint specification through early contractor involvement, cost reimbursement coupled with incentive-based payment, bid evaluation based on multiple criteria and collaborative tools and activities in partnering arrangements.Research limitations/implications -This paper contributes to organizational learning literature by pinpointing the need for integrating procurement strategies that enhance combination of exploration and exploitation. The main contribution to the construction management literature involves the investigation of how procurement strategies may affect exploration and exploitation, as identified and articulated in the propositions developed in this paper.Practical implications -From a practical perspective, the findings highlight the importance of tailoring procurement strategies to project characteristics to enhance a suitable balance between exploration and exploitation in construction projects.Originality/value -The explicit focus on the operational project-level is uncommon but relevant in organizational learning literature.

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Exploration and exploitation in project-based organizations: Development and diffusion of knowledge at different organizational levels in construction companies

Cited by 170 publications

References 73 publications

A Framework for Property Developers to Survive in a Recession

A Framework for Property Developers to Survive in a Recession

Environmental Capabilities of Suppliers for Green Supply Chain Management in Construction Projects: A Case Study in Korea

Procurement strategies for enhancing exploration and exploitation in construction projects

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