Corporate And Innovation Strategy In Construction

Corporate strategies and innovation strategies can be viewed separately but their inter-relations and interdependence provide a good reason for approaching them jointly as key themes in the development of a successful, sustainable and responsible business. This is true in the construction industry. Indeed the need to develop corporate and innovation competency in construction professionals as part of their acquisition of strategic management knowledge and skills, and so to satisfy society and clients’ needs, is increasingly being appreciated and prioritised. Few textbooks provide students with the required frameworks, concepts and practical examples to develop their corporate and innovation strategic understanding and thinking. Existing books tend to concentrate on one or the other, and to generally focus on different levels of analysis such as at the policy level or in international business. This new textbook offers new theoretical and practical insights and models grounded in descriptive case studies and action research, focused on corporate and innovation strategy across a number of different construction firm types. It provides essential reading for a wide range of built environment undergraduate and postgraduate taught programmes, and is an invaluable resource for academic researchers. It should also be of interest to senior managers who want guidance and real world examples for designing and implementing more successful corporate and innovation strategies in their construction firms.

Innovation, Strategy and Risk in Construction integrates insights from business and government leaders with contemporary research, to help built environment professionals turn serendipity to their own advantage by building greater innovative and adaptive capacity into their operations. Accessible and full of practical examples, the book argues that traditional business strategies which seek to systematise innovation and eliminate uncertainty need to be balanced with more flexible approaches which acknowledge and harness uncertainty. The missing key to innovation, it is argued, is to turn serendipity into capability. The author proposes a simple model which allows managers to tap into the increasingly dynamic and interconnected nature of the construction industry. Innovation does not occur in isolation within individual firms, but through collaboration. Each stakeholder in the construction industry has a responsibility to drive innovation, and this book will be key reading for consultants, contractors, subcontractors, suppliers and clients, as well as policy makers and all serious students of construction management.

Innovation in construction is essential for growth. The industry strives to remain competitive using a variety of approaches and needs to engage structured initiatives linked to proven innovation concepts, techniques and applications. Even in mature markets like the Architecture, Engineering and Construction (AEC) sector, where business behaviour is generally considered as being risk averse, it is increasingly important to embed innovation into mainstream business practices. In Construction Innovation and Process Improvement a number of wide ranging issues from construction practice in different countries with different contexts are presented to provide a rich collection of literature embracing theory and practice. Chapters are divided into three broad themes of construction innovation relating to: Theory and Practice; Process Drivers; and Future Technologies. Several questions are posed, including for example: What is particularly unique about construction innovation in theory and practice? What are the major drivers of construction innovation? What factors are needed to support and deliver future construction technologies? In attempting to respond to such questions, the book sheds new light on these challenges, and provides readers with a number of ways forward, especially cognisant of the increased role of globalisation, the enhanced impact of knowledge, and importance of innovation. All these can have a significant impact on strategic decision-making, competitive advantage, and sustainable policies and practices. Part One deals with change management, technology, sustainable construction, and supply chain management; Part Two addresses innovation and process improvement drivers, including strategic management, concurrent engineering, risk management, innovative procurement, knowledge management; Part Three explores future technologies in construction – and particularly, how these can be harnessed and leveraged to help procure innovation and process improvement.

Innovation, Strategy and Risk in Construction integrates insights from business and government leaders with contemporary research, to help built environment professionals turn serendipity to their own advantage by building greater innovative and adaptive capacity into their operations. Accessible and full of practical examples, the book argues that traditional business strategies which seek to systematise innovation and eliminate uncertainty need to be balanced with more flexible approaches which acknowledge and harness uncertainty. The missing key to innovation, it is argued, is to turn serendipity into capability. The author proposes a simple model which allows managers to tap into the increasingly dynamic and interconnected nature of the construction industry. Innovation does not occur in isolation within individual firms, but through collaboration. Each stakeholder in the construction industry has a responsibility to drive innovation, and this book will be key reading for consultants, contractors, subcontractors, suppliers and clients, as well as policy makers and all serious students of construction management.

This myth-busting book shows large companies can construct a strategy, system, and culture of innovation that creates sustained growth. Every company wants to grow, and the most proven way is through innovation. The conventional wisdom is that only disruptive, nimble startups can innovate; once a business gets bigger and more complex corporate arteriosclerosis sets in. Gary Pisano's remarkable research conducted over three decades, and his extraordinary on-the ground experience with big companies and fast-growing ones that have moved beyond the start-up stage, provides new thinking about how the scale of bigger companies can be leveraged for advantage in innovation. He begins with the simply reality that bigger companies are, well, different. Demanding that they "be like Uber" is no more realistic than commanding your dog to speak French. Bigger companies are complex. They need to sustain revenue streams from existing businesses, and deal with Wall Street's demands. These organizations require a different set of management practices and approaches--a discipline focused on the strategies, systems and culture for taking their companies to the next level. Big can be beautiful, but it requires creative construction by leaders to avoid the creative destruction that is all-too-often the fate of too many.

The construction industry is currently experiencing accelerating developments concerning societal demands along with project complexity, internationalization and digitalization. In an attempt to grasp the consequences of these demands on productivity and innovation, this edited book addresses how innovation is likely to take place with a more long-term perspective on the construction sector. While existing literature focuses on organizational discontinuity and fragmentation as the main reasons for the apparent lack of innovation in the industry, this book highlights the connectivity of construction actors, resources and activities as fundamental for understanding how innovation takes place.Through 15 empirically grounded chapters, the book shows how innovation is part of construction processes on various levels, including project, firm and industry, and that these innovation processes are characterized by organizational and technological connectivity over time. Written by European business management scholars, the chapters cover empirical cases and examples from both a multi-organizational and a multi-international perspective in terms of covering the viewpoints of different industry actors and the contexts of several different European countries including: Sweden, Norway, the UK, Italy, France, Hungary and Poland. By illustrating how connectivity is part of innovation processes in the creation of single-product innovations, of various innovations within and across projects, as well as a fundamental aspect of the processes in which innovations cross nations, the book provides a new angle on how to understand construction innovation and where the industry might (or needs to) be heading next. This book is essential reading for anyone interested in construction management, project management, engineering management, innovation studies, business and management studies.

Innovation in Small Construction Firms promotes the benefits of innovation, and stimulate innovation capability within and between small and medium sized (SMEs) construction firms in an effort to bring in a new 'can innovate, should innovate, want to innovate' culture to the construction industry. Presenting new theoretical and practical insights and models grounded in descriptive case studies, the issues addressed include: what is the motivation to innovate? what is appropriate innovation? how can small construction firms create, manage and exploit innovation? what practice-based models, tools and techniques support the capability of small construction firms to innovate well? how does this fit in the context of leading international work in construction innovation? Findings are contextualised in the broader literature to make them of relevance to policy makers, practitioners and researchers interested in small, project-based firms in general.

How can innovation in the construction industry be strengthened? What instruments and approaches are being used by governments to promote it? What works and under what circumstances? These key questions have profound implications. This book presents a framework for the analysis of innovation models and systems in construction and an international comparison of these systems, with a focus on their application in practical policy development.