Ibrahim Yahaya Wuni, Geoffrey Qiping Shen, Adedayo Johnson Ogungbile and Jonathan Zinzi Ayitey
Industrialized construction (IC) is promoted to address some of the ills associated with the processes and products of the traditional construction approach. With several…
Abstract
Purpose
Industrialized construction (IC) is promoted to address some of the ills associated with the processes and products of the traditional construction approach. With several successful projects, IC is progressively becoming a preferred alternative construction approach and spurred the interest of contractors, developers and housing authorities in the technology. Increasingly, these stakeholders are keen to ascertain the compatibility and feasibility of using IC in their projects. This paper aims to develop a knowledge-based decision support framework for implementing industrialized construction projects (ICPs) that can facilitate better and informed decision-making when deciding to implement ICPs.
Design/methodology/approach
A comprehensive literature review was implemented to recruit 40 decision support factors (DSFs) and grouped into project requirements, location and site attribute, labour considerations and organizational factors. A 3-member expert panel validated the relevance of 35 DSFs, which became candidates for a structured questionnaire survey of experts in 18 countries. Statistical techniques are used to evaluate and prioritize the DSFs, leading to the development of a conceptual framework.
Findings
Statistical analysis revealed 33 significant DSFs. The top five most significant factors that could influence the decision to implement IC in a project include a stringent requirement for project quality control, suitability of the design for IC, organizational readiness and competencies in ICPs, client receptivity to IC and the need to minimize field construction time. A framework of project requirements, location and site attributes, labour considerations and organizational factors was proposed as decision support.
Practical implications
The proposed framework may help to inform decision-making regarding the implementation of IC in a project. It has wider applicability because it includes technical, managerial and operational aspects of and the required competencies for IC, which are shared between project types and territories. The prioritized DSFs could be used as a guide when implementing IC, especially in countries where bespoke decision support systems cannot be developed.
Originality/value
The paper delineated the most important DSFs that are shared between IC project types and territories and can be used to investigate the compatibility of using IC in a proposed project. This research constitutes the first exclusive attempt at delineating, quantifying and ranking the sets of decision-making factors, drawing on international data set and contributes to the empirical checklist of DSFs for ICPs.
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Vadim Krivorotov, Alexey Kalina, Vasiliy Tretyakov, Sergey Yerypalov and Anna Oykher
The purpose of this study is to develop a model for the selection of optimal development projects for an industrial complex (IC), aimed at improving its competitiveness.
Abstract
Purpose
The purpose of this study is to develop a model for the selection of optimal development projects for an industrial complex (IC), aimed at improving its competitiveness.
Design/methodology/approach
Selection of optimal projects for IC development is carried out within the framework of a methodical approach to assessing and forecasting the competitiveness of IC based on the phased implementation of the following steps: assessment of the current level of competitiveness of an IC; optimization of the project portfolio aimed at improving the IC competitiveness; forecasting the IC competitiveness. The methodology for assessing the IC competitiveness is based on a comparative analysis of its activities against those of its leading competitors and evaluates two integral characteristics, namely, the level of current competitiveness and the indicator of the competitive potential. The methodical approach to the selection of the optimal portfolio of projects for the development of competitiveness is based on a step-by-step optimization of the portfolio using a dynamic programming procedure, which takes into account the implementation conditions of the projects, resource constraints and the prioritization of these projects. The targeted benchmark for the optimization is an integral indicator of IC competitiveness, comprising various aspects of its activities.
Findings
Method for multi-factor evaluation of IC competitiveness and the impact of a set of factors driving competitive advantage; set of benchmarks of IC competitiveness; the model for the selection and step-by-step optimization of the portfolio of IC development projects, aimed at increasing competitiveness in the context of resource constraints.
Practical implications
Methodology described in this paper was used to assess the competitiveness and optimize the project portfolio of Uralelektrotyazhmash Group of Enterprises (UETM), one of the largest power engineering complexes in Russia. The assessment was carried out in comparison with the leading domestic and global manufacturers of electrical equipment, which form UETM’s primary competition in the marketplace.
Originality/value
The study establishes a method for the comprehensive assessment of IC competitiveness based on the comparison of IC activity indicators with those of leading competitors. The proposed method defines an integral competitiveness index to allow for the quantitative assessment of IC competitiveness, development of measures to improve IC competitiveness and producing a methodology to forecast the impact of such measures; the study proposes a methodical approach to selecting the optimal portfolio of projects for the development of IC based on the stepwise optimization of such a portfolio while taking into account the conditions of their implementation, resource constraints and the impact on the indicator of competitiveness. This approach allows the IC to prioritize the implementation of the development projects and maximize its competitiveness in the context of available resources.
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Ibrahim Yahaya Wuni, Geoffrey Qiping Shen and Amos Darko
Industrialized construction (IC) leverages manufacturing principles and innovative processes to improve the performance of construction projects. Though IC is gaining popularity…
Abstract
Purpose
Industrialized construction (IC) leverages manufacturing principles and innovative processes to improve the performance of construction projects. Though IC is gaining popularity in the global construction industry, studies that establish the best practices for implementing IC projects are scarce. This study aims to benchmark practical lifecycle-based best practices for implementing IC projects.
Design/methodology/approach
The study used a qualitative research design where nine IC cases from Australia, Singapore and Hong Kong were analysed to identify best practices. The methodological framework of the study followed well-established case study research cycle and guidelines, including planning, data collection, data analysis and reflection on findings.
Findings
The study identified and allocated key considerations, relevant stakeholders, best practices, typical deliverables and best indicators to the different construction lifecycle phases of IC projects. It also developed a lifecycle-based framework of the best practices for IC projects.
Practical implications
The study provides practitioners with practical insight into how best to effectively implement, manage and evaluate the performance of the IC project lifecycle phases. The proposed framework can serve as a practical diagnostic tool that enables project partners to evaluate the performance upfront progressively and objectively in each project lifecycle phase, which may inform timely corrective actions.
Originality/value
The study’s novelty lies in developing a framework that identifies and demonstrates the dynamic linkages among different sets of best practices, typical outputs and best practice indicators across the IC project lifecycle phases.
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Syed Asim Shah, Khalid Sultan, Muhammad Haroon Shoukat and Shafique Ur Rehman
The study examines the influence of quality management practices (QMP) on project performance (PP) and the indirect association of QMP with PP through the mediating role of…
Abstract
Purpose
The study examines the influence of quality management practices (QMP) on project performance (PP) and the indirect association of QMP with PP through the mediating role of intellectual capital (IC). QMP may be one of the most successful strategies to improve project performance. Drawing on the resource-based view (RBV) and institutional theory, the study examines the impact of QMP on PP through the mediating role of IC.
Design/methodology/approach
The sample frame of 329 employees in different NGOs and public healthcare organizations was selected. Data were analyzed on SmartPLS 3.2.7 by applying SEM.
Findings
The outcome reveals that QMP has a significant impact on PP. The results found partial mediation of IC on the linkage between QMP and PP.
Research limitations/implications
The key research limitation was that it examined only two antecedents (QMP and IC) of project performance based on RBV and institutional theory, which did not yield deep insights from other institutional forces that could influence the model, such as mimetic pressure, institutional pressure and business orientation.
Originality/value
QMP is highly significant in the healthcare sector; however, research on the relationship between QMP, IC and PP is lacking. Thus, this research is an initial attempt to investigate these relationships empirically. We add to our understanding of RBV by investigating the role of IC in mediating the QMP-PP linkage.
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Christian Nielsen, Robin Roslender and Stefan Schaper
The purpose of this paper is to provide an overview of the Danish Guideline Project (DGP) and its subsequent fate within participating companies since its conclusion in late 2002…
Abstract
Purpose
The purpose of this paper is to provide an overview of the Danish Guideline Project (DGP) and its subsequent fate within participating companies since its conclusion in late 2002. Particular focus is placed on the traction that the intellectual capital statement (ICS) approach to reporting, as the principal outcome of the project, was able to acquire in practice.
Design/methodology/approach
Following the reconstruction of the original sample of 102 companies that originally participated in the project, a survey using semi-structured interviews was pursued among 64 individuals who were identified as having some involvement with the guideline project and/or producing ICSs in these companies. In addition to the interviews, a range of secondary information has been used to supplement the primary data and research protocol.
Findings
The project was found to have enjoyed only modest success and thereby failed to achieve any substantial traction among the participating companies and related public stakeholders. On balance, however, respondents believed that the exercise had been a positive experience, with benefits for the internal management of the companies, as well as for human capital (employees). The obstacles that radical initiatives such as the ICS continue to face should not be underestimated.
Research limitations/implications
A single study of a specific initiative necessarily entails many limitations. It is conceivable that the views of some of the participants in the guideline project who are absent from the present sample may provide details of a different experience, although it is unlikely that these would seriously challenge the findings reported here.
Originality/value
This study is the first to explore the fate of the critically acclaimed ICS approach among companies participating in the DGP.
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Donald P. Addison, Tony Lingham, Can Uslay and Olivia F. Lee
The purpose of this paper is to examine the entrepreneurial practice of intellectual capital sharing (ICS) with client organizations and assess its potential for collaborative…
Abstract
Purpose
The purpose of this paper is to examine the entrepreneurial practice of intellectual capital sharing (ICS) with client organizations and assess its potential for collaborative business-to-business (B2B) relationship building. B2B collaborations within the traditional marketing paradigm are restricted due to perceived opportunism.
Design/methodology/approach
The research is based on the grounded theory approach and involves 22 semi-structured interviews with the employees of a focal organization and its five client organizations regarding 36 implemented projects. Interviews were transcribed, coded and analyzed via constant comparison to surface codes, categories, concepts and themes from which the authors developed propositions based on the particular context of this study.
Findings
ICS approach helps customers to reconstruct sellers’ identity from one characterized by opportunism and arm’s length relationships to one defined by openness and collaboration. Identified benefits of ICS include higher trust, commitment, social bonding, value co-creation, individual and organizational performance and learning. Eight propositions and a model of ICS consequences are presented.
Research limitations/implications
The context of the study is limited to a single industry – financial services – however, the findings should be highly relevant for other sales contexts characterized by low buyer trust.
Practical implications
Entrepreneurial marketers can engage in ICS approach quickly at minimal cost, as the capabilities and talent are typically already internal to the organization.
Originality/value
This paper examines a unique relational approach to serving clients called ICS that de-emphasizes the sale. Subject matter experts help buyers overcome challenges outside the scope of the traditional marketing paradigm.
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The purpose of this paper is to report on how IT sector organizations in all five Nordic countries have worked together to start a project on using intellectual capital (IC…
Abstract
Purpose
The purpose of this paper is to report on how IT sector organizations in all five Nordic countries have worked together to start a project on using intellectual capital (IC) reporting to improve strategy formulation in SMEs in the IT sector. The project, called PIP (Putting IC into Practice), is partly funded by the Nordic Innovation Centre (www.nordicinnovation.net).
Design/methodology/approach
The paper builds on the existing literature as well as the experience from the Nordic project.
Findings
The objective of the project is to produce, implement and disseminate harmonized indicators for realising intangible values in companies. Results from the project include the identification of common indicators for intangible values and how they can be used as supportive evidence for IC reporting. By using these indicators with strategy maps and scorecards, the companies are provided with tools and information to improve their strategy formulation process and develop further their competitive advantage.
Practical implications
The project aims to provide ways to put IC into practice as a tool for management in order to improve performance. Providing an open source framework for assisting the knowledge transformation process within companies is an important step is this respect. If successful, this will affect the management and reporting of IC.
Originality/value
This paper reports on the practical application of the resource‐based view of strategy, where intangible resources play a major role in the internal development path of a company. Even though the scope is limited to SMEs in information technology in the Nordic countries, the results are of interest, especially in terms of practical value to other types of companies and industries.
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Antti Lönnqvist, Aino Kianto and Virpi Sillanpää
This paper aims to examine the role of intellectual capital (IC) management in an organizational change process. The purpose is to obtain new empirical findings and an enhanced…
Abstract
Purpose
This paper aims to examine the role of intellectual capital (IC) management in an organizational change process. The purpose is to obtain new empirical findings and an enhanced understanding of the role of IC in an organizational change process is obtained.
Design/methodology/approach
First, the existing literature on change management and IC management is reviewed. Then, empirical research is carried out in terms of an action research project on IC development processes in three case companies. These processes and their outcomes are evaluated using interviews.
Findings
An IC model can be a useful tool for change management as it helps to ensure the alignment of the change content with the strategic goals of the organization.
Research limitations/implications
The study is based on applying the Danish IC management model in Finnish companies. Different results might have been obtained if another IC management model had been used or the companies representing other countries and cultures had been selected.
Practical implications
The paper demonstrates that IC tools can be useful for promoting organizational change processes. However, more important than the specific conceptual model or measurement method chosen seems to be the process of organizational representatives connecting their contextual and idiosyncratic understandings to the model.
Originality/value
This paper makes a contribution to the existing knowledge by reporting and critically evaluating the implementation of dynamic IC management practices. This is a contribution to the existing conceptually oriented literature on the topic. In addition, the analysis of empirical IC management projects applied in a change context has novelty value.
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Dumay and Garanina (2013) asserted that, even though intellectual capital (IC) researchers would like to continue developing new models, existing models seem to not be used in…
Abstract
Purpose
Dumay and Garanina (2013) asserted that, even though intellectual capital (IC) researchers would like to continue developing new models, existing models seem to not be used in practice. Nielsen et al. (in press) discovered that almost all companies that were originally involved in the Danish project of guidelines for intellectual capital statements (ICS) have abandoned their work with ICS a few years after the project ended. The purpose of this paper is to inquire the underlying reasons and conditions that drove these organisations to stop using the acquired framework.
Design/methodology/approach
This study is based on both survey and in-depth interview data from key employees of 58 organisations. Qualitative content analysis employing thematic coding is used to crystallise aspects among the provided reasons, to categorise them, and to investigate possible relations. Results are interpreted through a conceptual framework containing elements diffusion theory, management fashion and fads theory and lifecycles as well as implementation failure of knowledge management (KM) techniques.
Findings
A multitude of reasons and conditions are discovered as having affected companies’ decisions to interrupt their ICS practices. Underlying aspects principally refer to deliberately taken decisions but also to a substantial number of exogenous factors and conditions. Their common denominator is identified in the low perceived value of ICS, both internally from a KM perspective and externally in relation to the disclosure practice. This leads to the conclusion that ICS can be considered a hierarchically diffused management fashion whose implementation within these companies failed, and its lifecycle subsequently ended with rejection.
Research limitations/implications
This study is limited due to the particular composition of the selected research sample, which, together with the qualitative nature of the research, restricts the possibility of any generalisations of the results to the broader field of IC and extra-financial reporting.
Originality/value
It represents a large-scale attempt to directly investigate organisations’ and managers’ reluctances towards ICS measuring and reporting, its perceived value, and the failure of its persistent implementation.
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Despite the plethora of frameworks proposed, there is little evidence of organizations measuring and reporting their IC. This paper aims to shed light on the factors that can…
Abstract
Purpose
Despite the plethora of frameworks proposed, there is little evidence of organizations measuring and reporting their IC. This paper aims to shed light on the factors that can hinder or promote the utilization of IC accounting for managerial purposes, thus contributing to understanding why IC frameworks are not so widespread in practice.
Design/methodology/approach
To investigate the issue at hand, a multiple case study of three Italian companies, which have been measuring their IC for several years, will be used, adopting a critical perspective. The actual research project was conducted using an interventionist approach.
Findings
The paper shows how IC model utilization and IC mobilization are influenced by several factors such as: the project's connection to a specific strategic objective, the system's interactive design, its complexity, the predominant use of non‐financial indicators (which can be ambiguous and provocative), the backward‐ or forward‐looking nature of the resultant measurement tools and the osmosis between company‐wide and local control systems.
Research limitations/implications
Being referred to a multiple case study, results cannot be generalized to other organizations. The adoption of an interventionist approach and the IC model applied may have influenced the results obtained.
Practical implications
The findings can help companies to make the IC accounting implementation processes more effective and create the conditions that can help mobilize IC.
Originality/value
The paper investigates IC in action, thus contributing to narrowing the gap between theory and practice, and offers new insights on some hindering or enabling factors which may influence the diffusion of IC accounting.