Abstract
Construction consulting companies of today are a part of what has been called the knowledge society. The reason behind this name is the increasing importance of intangible assets as the major source of wealth creation in construction industry. As such, Knowledge Management (KM) has become a critical concern for construction consulting companies to improve project performance. The purpose of this paper is to analyse Malaysian practitioner’s perception on KM in the construction consulting companies. The finding of this study was based on an analysis of transcribed data from semi-structured interviews conducted on Malaysian practitioners in the construction consulting companies to identify pattern and themes accordingly. The findings of the study indicate that all participants have expressed the significant contributions of KM to their success as a professional construction consultant in Malaysia. These participants shared a common characteristic of being professional in construction industry such as they agreed that manage database (data record) and filing system is perceived as important and also the professionals must build extensive social and business networks both locally and overseas that were relevant and have impact on their business success. The professionals have a personal desire to learn and they preferred to learn informally from a variety of people that they can access usually through discussion, seminar/conference and media. Learning from personal experience and experiences from others through learn on job and mentoring were a common characteristics among all the professionals and all of them strongly prescribed that such transfer of learning’s will enable one to shortcut learning and improve their knowledge. However, both internal and external environmental factors have equal impact on the transfer of knowledge in construction consulting companies. Internally, personal interest has the biggest impact followed by culture, commitment from management, incentive or reward for the staff and openness or willingness (more on trust) to share and listen. Externally, business factor/competition has the biggest impact on transfer of knowledge in construction consulting companies.
Highlights
The potential importance of sustainable competitive advantage in business community has received a phenomenal amount of attention in recent years
The findings of this study was based on an analysis of transcribed data from a semi-structured interview conducted on eleven Malaysian construction industry consultants
The findings indicate that all eleven participants have expressed the significant contributions of Knowledge Management (KM) to their success as a professional construction consultant in Malaysia
Summary
The potential importance of sustainable competitive advantage in business community has received a phenomenal amount of attention in recent years. Sustainable competitive advantage allows the maintenance and improvement of a company’s performance in the global market. Sustainable competitive advantage is achieved by continuously developing existing and creating new resources and capabilities in response to rapidly changing market. Among these resources and capabilities, Knowledge Management (KM) is recognised as an important business consideration to gain competitive advantage. KM can be converted into strategic intellectual assets of any knowledge-intensive organisation, especially construction consulting companies. It has been argued that new skills, mind-sets, models and commitment as well as new ways of interpreting the concept of effective management are needed to improve construction project performance (Rasli et al, 2004). Significant patterns and themes will be identified and presented in this study
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