KSCE Journal of Civil Engineering

, Volume 19, Issue 3, pp 465–477 | Cite as

An international competitiveness evaluation model in the global construction industry

  • Jae-goo Han
  • Hwan-pyo Park
  • Jong-ho Ock
  • Hyoun-seung Jang
Construction Management

Abstract

Total volumes of construction orders and the domestic construction markets are predicted to continue shrinking. To compensate, Korean construction companies have been trying to make inroads into the global construction market. Companies must determine their competitiveness and establish strategies to expand into overseas construction markets. The General Electric/McKinsey Matrix, introduced in the early Seventies, is a specific framework for evaluating investment opportunities and is still widely used to analyze competitiveness scenarios. In this study, we analyze the construction industry in 22 countries. We describe the procedure for creating the matrix and present each country with details of various construction environments. The results are relative to the two typical matrix dimensions: the competitiveness of a construction business and the attractiveness of the construction industry. This model can be used to conduct a comprehensive analysis of global construction markets and policies, thereby providing policy-making recommendations to countries or companies. This study fills a gap and describes the state of the industry, enriches the literature on the subject, and creates new points of inquiry. The results, although based on a limited selection of countries, provide an accurate demonstration of the methodology and highlight the ranking of countries.

Keywords

General Electric/McKinsey Matrix business strengths industry attractiveness competitiveness 

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Copyright information

© Korean Society of Civil Engineers and Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  • Jae-goo Han
    • 1
  • Hwan-pyo Park
    • 1
  • Jong-ho Ock
    • 2
  • Hyoun-seung Jang
    • 2
  1. 1.Construction Management & Economy Research DivisionKorea Institute of Civil Engineering and Building TechnologyIlsanKorea
  2. 2.School of ArchitectureSeoul National University of Science & TechnologySeoulKorea

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