Impact of Resources and Strategies on Construction Company Performance

Abstract

Globalized competition and customer needs forced construction companies to measure their beyond the financial measures such as profitability, turnover, etc. As qualitative determinants were added to measurement systems, their investigation and evaluation became a major area of research. In this study, the impact of and capabilities, decisions, management competencies, and of relationships with other on performance was investigated. A question- naire survey was administered to 73 Turkish contractors and the results of the survey were analyzed using structural equation modeling. The findings indicate that, as expected, resources and capabilities and strategic decisions have an important and direct impact on company performance, whereas project management competencies and strength of relationships with other parties impact company only indirectly, through their impact on companies' resources and capabilities and strategic decisions. DOI: 10.1061/ASCE0742-597X201026:19 CE Database subject headings: Construction management; Measurement; Resource management; Productivity. Author keywords: Company measurement; Resources and capabilities; Project management competencies; Strategic decisions.