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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/9898

Title: Strategy formulation capabilities of construction professionals
Authors: Mahadkar, Sameedha
Edum-Fotwe, Francis Tekyi
Keywords: Capability
Strategy formulation
Issue Date: 2008
Publisher: CICE, Loughborough University
Citation: MAHADKAR, S. and EDUM-FOTWE, F.T., 2008. Strategy formulation capabilities of construction professionals. IN: Proceedings of the 5th International Conference on Innovation in Architecture, Engineering and Construction (AEC), Antalya, Turkey, June 23-25.
Abstract: Strategic formulation involves synthesising complex, uncertain and often ambiguous information that necessitates a continuous need for senior managers to develop appropriate cognitive attributes. Professionals involved in strategy formulation should be able to exhibit flexibility along with creativity to ensure that the organisation they lead is steered in the right direction in response to a changing and demanding business environment. This paper is set out to explore the strategy formulation capabilities of construction professionals. A range of senior managers from multidisciplinary construction organisations were interviewed in order to explore the various factors that contribute to the strategy formulation capabilities of the professionals. The key factors identified were knowledge and skills. It is suggested that such an evaluation can have a significant role in increasing and improving strategic thinking, thereby enhancing the process of strategy formulation.
Description: This conference paper was presented at the 5th International Conference on Innovation in Architecture, Engineering and Construction, AEC2008, June 23-25 2008, Antalya, Turkey. The event was jointly organized by Civil Engineering Department, Middle East Technical University and Centre for Innovative and Collaborative Engineering, Loughborough University: http://www.lboro.ac.uk/cice/conferences/AEC2008/
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/9898
Publisher Link: http://www.lboro.ac.uk/cice/conferences/AEC2008/AEC2008-34.pdf
Appears in Collections:Conference Papers (Civil and Building Engineering)

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