3 research outputs found
Mergers and acquisitions in the construction industry: an exploratory study
Mergers and Acquisitions (M&A) are major strategic initiatives undertaken by
many organisations. Within the construction context, these have been used, amongst
others, to accelerate growth, reduce the effects of the construction cycle, enter into new
markets, and spread risk. During the last decade, M&A were recognised as the
preferred vehicle for expansion into the global construction market. Major European
and international construction organisations use mergers or acquisitions to increase their
geographical coverage and business portfolio.
Mergers and Acquisitions impact on a number of organisational dimensions
ranging from `soft' issues such as organisational culture to `hard' issues such as IT
integration. Four specific aspects of mergers and acquisitions are investigated within
this thesis. These are as follows:
Strategy, Business Portfolio and Performance Measurement of construction
organisations and the impact of M&A on subsequent performance; the Acquisition Strategy adopted for entering emerging markets such as Central
and Eastern Europe; the Impact of Mergers and Acquisitions on construction companies' Information
Systems and Information Technology (IS/IT); and an Investigation of Knowledge Management Strategies for organisations that
have undergone mergers and acquisitions.
The thesis adopts a qualitative research methodology. An extensive literature
review was conducted on mergers and acquisitions with particular emphasis on its use
within the construction sector. The literature review provided a sound basis for theory
development and identified areas in which further understanding was requiired. A
multiple case study approach was selected for each of the four aspects studied and the
data was obtained using semi-structured interviews. Based on the case study data,
analysis and discussion were conducted resulting in conclusions for each of the four
aspects investigated.
The research concluded that Mergers and Acquisitions were an important vehicle
for construction organisations to achieve growth, and expand geographically into new
markets and new sectors. However,. the implications of mergers and acquisitions need
to be understood and the processes .
before, during and after the merger or acquisition is
finalised need to be carefully planned and communicated to the relevant parties.
Mergers and Acquisitions'- can offer' tremendous advantage to an organisation and
several recommendations are made regarditig how the process may be improved within
the construction context
Construction programme management - current context
The use of programme management systems by construction programme managers is
critical nowadays. The increasing complexity of multiple construction projects require information
and service delivery systems that are more effective and efficient in order for the programme
manager to be able to achieve the business objectives or benefits.
This paper reports on the main findings from a study of programme managers in the United
Kingdom and Malaysia concerning the challenges and issues in the delivery of information and
services in multiple construction project environment and explores how the context of a user (such
as role, location, time, preference, etc) may be utilised to provide personalised information. The
discussion in the paper focuses on the key issues and requirements for programme managers to
manage multiple projects using the existing programme management tools. Conclusions are drawn
about the potential implementation of context-aware computing technologies in the current context
of construction programme management
Knowledge management practices in large construction organisations
This paper investigates how large UK construction organisations manage
their knowledge assets. It then proposes STEPS, a mechanism for benchmarking
organisation’s knowledge management maturity