Critical review of the success factors of strategic alliances in the UK construction industry

Hameed, W and Abbott, C 2017, Critical review of the success factors of strategic alliances in the UK construction industry , in: 13th International Postgraduate Research Conference (IPGRC), 14-15 September 2017, University of Salford, UK.

[img]
Preview
PDF - Published Version
Download (302kB) | Preview

Abstract

With an increasingly competitive environment in the world and in the UK particularly, industries that are operating today face many complex technological challenges with regards to both hard and soft systems. Consequently, skills and knowledge are required, that are better accessed by firms through strategic alliances, which allow individual firms to jointly leverage their comparative advantages to gain an edge. This has now become a fundamental business strategy in several industries, where individual firms that are less competitive are forming strategic alliances to compete. In other industries, the resource-based and transaction cost theories show that strategic alliances are insufficient; when assets and capabilities are acquired and where internal contracts and investment are not efficient. Due to the lack of empirical data in this field particularly regarding strategic alliances in the UK, this paper provides a critical literature review that discusses the nature of strategic alliances in general and aims to identify the theoretical factors that influence alliance success in construction. These factors are divided into five categories: trust, commitment, knowledge sharing, communication & IT technology and dependency. This research, therefore, identifies the fundamental success factors of strategic alliances, through a systemic examination of a strategic alliance literature review. It is intended to further test these factors in a range of case studies.

Item Type: Conference or Workshop Item (Paper)
Schools: Schools > School of the Built Environment > Centre for Urban Processes, Resilient Infrastructures & Sustainable Environments (UPRISE)
Journal or Publication Title: 13th International Postgraduate Research Conference 2017 : conference proceedings
Publisher: Salford University
Depositing User: Wael Hameed
Date Deposited: 09 Oct 2017 10:30
Last Modified: 09 Oct 2017 10:36
URI: http://usir.salford.ac.uk/id/eprint/43946

Actions (login required)

Edit record (repository staff only) Edit record (repository staff only)

Downloads

Downloads per month over past year