Abstract
AbstractThe successful globalization of enterprises is predicated on them finding the right balance between retaining the core competitive advantages of home-grown strengths while integrating the best of locally sourced resources and competitive circumstances to leverage those core competencies to maximum strategic effectiveness. Despite the great academic interest that exists in this research area, no comprehensive investigation has been attempted to profile the localization practices of construction enterprises in a foreign context. This deficit is addressed in this study with an investigation of the degree to which foreign firms active in the Chinese construction market have adapted their business activities in response to local circumstances. Five localization parameters are considered: (1) client base, (2) human resources, (3) factor inputs, (4) value chain, and (5) new capability acquisition. Sixty foreign firms active within the Chinese construction market were investigated. Cluster analysis techni...
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