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Ahiaga-Dagbui, D D and Smith, S D (2014) Dealing with construction cost overruns using data mining. Construction Management and Economics, 32(07), 682-94.
Bijleveld, F R and Dorée, A G (2014) Method-based learning: a case in the asphalt construction industry. Construction Management and Economics, 32(07), 665-81.
Buser, M and Koch, C (2014) Is this none of the contractor’s business? Social sustainability challenges informed by literary accounts. Construction Management and Economics, 32(07), 749-59.
Close, R and Loosemore, M (2014) Breaking down the site hoardings: attitudes and approaches to community consultation during construction. Construction Management and Economics, 32(07), 816-28.
Collinge, W H and Harty, C F (2014) Stakeholder interpretations of design: semiotic insights into the briefing process. Construction Management and Economics, 32(07), 760-72.
Ju, C and Rowlinson, S (2014) Institutional determinants of construction safety management strategies of contractors in Hong Kong. Construction Management and Economics, 32(07), 725-36.
olde Scholtenhuis, L L and Dorée, A G (2014) High reliability organizing at the boundary of the CM domain. Construction Management and Economics, 32(07), 658-64.
Rutten, M E J, Dorvan der Veen, B, Voordijk, H and Dorée, A (2001) Innovation of construction in the Dutch railways: lessons from inter-organizational co-operation. In: Akintoye, A (Ed.), Proceedings 17th Annual ARCOM Conference, e, A G and Halman, (2014) Together on the path to construction innovation: yet another example of escalation of commitment?. Construction Management and Economics, 32(07), 695-704.
Sage, D, Dainty, A, Tryggestad, K, Justesen, L and Mouritsen, J (2014) Building with wildlife: project geographies and cosmopolitics in infrastructure construction. Construction Management and Economics, 32(07), 773-86.
Sherratt, F (2014) Exploring ‘Zero Target’ safety programmes in the UK construction industry. Construction Management and Economics, 32(07), 737-48.
Shipton, C, Hughes, W and Tutt, D (2014) Change management in practice: an ethnographic study of changes to contract requirements on a hospital project. Construction Management and Economics, 32(07), 787-803.
Smiley, J-P, Fernie, S and Dainty, A (2014) Understanding construction reform discourses. Construction Management and Economics, 32(07), 804-15.
Taggart, M, Koskela, L and Rooke, J (2014) The role of the supply chain in the elimination and reduction of construction rework and defects: an action research approach. Construction Management and Economics, 32(07), 829-42.
Tansey, P, Spillane, J P and Meng, X (2014) Linking response strategies adopted by construction firms during the 2007 economic recession to Porter’s generic strategies. Construction Management and Economics, 32(07), 705-24.
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446193.2014.933856
- Abstract:
The time period bridging the years 2007 to 2012 will be remembered as one characterized by dramatic changes in the Irish and UK construction industries. Construction companies witnessed unprecedented changes in the environment, namely the coincidence of a sharp economic downturn, the significant decline of public works, a reduction in lending, increased competition, and structural changes in the marketplace. Nevertheless, little has been documented on what response strategies construction companies adopt as a result of an economic recession. Based on four exploratory case studies, a taxonomy framework of the response strategies adopted by Irish and UK construction companies during the 2007 economic recession was developed relative to Porter's generic strategies of cost leadership, differentiation, and focus. Porter's model is a well-known theoretical framework among business strategists and industrial economists worldwide. The analysis provides strong support for the adoption of cost leadership strategies as a means to surviving the 2007 economic recession. The case studies further suggest that cost control initiatives are one of the most important attributes in companies' responses to the 2007 recession. The findings provide valuable assistance for construction contractors in developing effective strategies and thus reducing business failures during recessionary periods.