Innovation in the construction and property management industries

Abstract

PurposeThe purpose of this practice paper is to examine how the Knowledge Transfer Partnership (KTP) scheme has been employed to introduce change and deliver business benefit in the construction industry.Design/methodology/approachThe paper begins with an introduction to the KTP scheme and its context within the University of Gloucestershire which serves as an introduction to three case studies, each one covering a 21‐24 month time span. The cases draw their empirical material from the experience of managing the KTPs, interviews, meeting minutes, board papers and final reports.FindingsAll three case studies have been successful in the introduction of new thinking or new ways of working in different areas of business. In one case study, a new marketing strategy was developed and implemented; in another, a new consultancy capability has been developed and embedded in the company; and in the third, new information systems were introduced to support corporate growth.Originality/valueThe value of the case studies lies in their originality and the paper highlights the value of the KTP scheme as a catalyst for the introduction of new ideas and initiatives in three different sectors of the construction industry. The paper also illustrates how academics can work productively in a commercial environment with industry partners