Abstract
Effect of internal capabilities on success of construction company innovation and technology transfer
Highlights
During the last decade innovation and technology transfer strategies and activities emerged as a survival for companies to improve the consequences of economical fluctuations
The construction industry is basically open to innovations and technology transfer in terms of innovative material development, contracting and new construction technologies
Industrial characteristics such as collaborative structure, project-based nature, high communication requirements, site complexity, competitiveness, complex project requirements provide a tendency toward innovation and technology transfer [30]
Summary
During the last decade innovation and technology transfer strategies and activities emerged as a survival for companies to improve the consequences of economical fluctuations. Despite its conventional and stable structure, construction industry forced to accommodate to new conditions of the business environment. The construction industry is basically open to innovations and technology transfer in terms of innovative material development, contracting and new construction technologies. Industrial characteristics such as collaborative structure, project-based nature, high communication requirements, site complexity, competitiveness, complex project requirements provide a tendency toward innovation and technology transfer [30]. Construction contract constraints such as time and cost as well as the customer expectations such as quality and service foster companies for innovation. Governmental regulations/standards, performance-based benchmarks, technical requirements, organizational culture and innovation strategies exert pressures on construction companies in the industry to innovate. Tehnički vjesnik 23, 6(2016), 1763-1770 project-specific construction innovations and project management activities are generally handled together
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