Survival of construction SMEs in macroeconomic crises: Innovation-based competitive strategies

Purpose: This paper aims to present the effect of innovation on implementing competitive strategies (CSs) and to find their relationships on the survival of construction-related small- and medium-sized enterprises (SMEs) in macroeconomic crises. Design/methodology/approach: Data were compiled from construction SMEs in Turkey. The research used structural equation modeling to investigate the relationships between innovation, CSs and firm survival (FS). Findings: Innovative construction SMEs may implement differentiation and focus strategies and survive without CSs, whereas innovation may be obtained through cost leadership strategy. Also, differentiation and focus strategies may play a role to survive. However, the cost leadership strategy may be implemented after survival. Finally, differentiation strategy may be triggered by innovation and focus strategies. Research limitations/implications: The model may be applied on other construction organizations. Future studies may also examine the difference in findings concerning other industries and regions. Moreover, different factors may be added to the model. However, a larger group of samples could cause different results. Practical implications: This study may be a roadmap for practitioners to plan their firms’ strategies, considering innovation, CSs and FS. In this context, they may pay attention to innovative production processes to survive. Social implications: Survived SMEs may sustain their works through the prevention of crisis-based unemployment. Hence, this benefit may bring a wealthier society. Originality/value: This research is first to propose a model connecting innovation and CSs for SMEs’ survival in macroeconomic crises. This is convenient for rivalry of SMEs planning to be long-lasting enterprises. © 2018, Emerald Publishing Limited.

Yazar Ulubeyli S.
Kazaz A.
Sahin S.
Yayın Türü Article
Tek Biçim Adres https://hdl.handle.net/20.500.12628/7712
Tek Biçim Adres 10.1108/JEDT-03-2018-0057
Konu Başlıkları Construction economic
Construction innovation
Strategy
Koleksiyonlar Araştırma Çıktıları | WoS | Scopus | TR-Dizin | PubMed | SOBİAD
Scopus İndeksli Yayınlar Koleksiyonu
Dergi Adı Journal of Engineering, Design and Technology
Dergi Cilt Bilgisi 16
Dergi Sayısı 4
Sayfalar 654 - 673
Yayın Yılı 2018
Eser Adı
[dc.title]
Survival of construction SMEs in macroeconomic crises: Innovation-based competitive strategies
Yazar
[dc.contributor.author]
Ulubeyli S.
Yazar
[dc.contributor.author]
Kazaz A.
Yazar
[dc.contributor.author]
Sahin S.
Yayın Yılı
[dc.date.issued]
2018
Yayıncı
[dc.publisher]
Emerald Group Publishing Ltd.
Yayın Türü
[dc.type]
article
Özet
[dc.description.abstract]
Purpose: This paper aims to present the effect of innovation on implementing competitive strategies (CSs) and to find their relationships on the survival of construction-related small- and medium-sized enterprises (SMEs) in macroeconomic crises. Design/methodology/approach: Data were compiled from construction SMEs in Turkey. The research used structural equation modeling to investigate the relationships between innovation, CSs and firm survival (FS). Findings: Innovative construction SMEs may implement differentiation and focus strategies and survive without CSs, whereas innovation may be obtained through cost leadership strategy. Also, differentiation and focus strategies may play a role to survive. However, the cost leadership strategy may be implemented after survival. Finally, differentiation strategy may be triggered by innovation and focus strategies. Research limitations/implications: The model may be applied on other construction organizations. Future studies may also examine the difference in findings concerning other industries and regions. Moreover, different factors may be added to the model. However, a larger group of samples could cause different results. Practical implications: This study may be a roadmap for practitioners to plan their firms’ strategies, considering innovation, CSs and FS. In this context, they may pay attention to innovative production processes to survive. Social implications: Survived SMEs may sustain their works through the prevention of crisis-based unemployment. Hence, this benefit may bring a wealthier society. Originality/value: This research is first to propose a model connecting innovation and CSs for SMEs’ survival in macroeconomic crises. This is convenient for rivalry of SMEs planning to be long-lasting enterprises. © 2018, Emerald Publishing Limited.
Kayıt Giriş Tarihi
[dc.date.accessioned]
2019-12-23
Açık Erişim Tarihi
[dc.date.available]
2019-12-23
Yayın Dili
[dc.language.iso]
eng
Konu Başlıkları
[dc.subject]
Construction economic
Konu Başlıkları
[dc.subject]
Construction innovation
Konu Başlıkları
[dc.subject]
Strategy
Haklar
[dc.rights]
info:eu-repo/semantics/closedAccess
ISSN
[dc.identifier.issn]
1726-0531
Sponsor YAYINCI
[dc.description.sponsorship]
The authors gratefully acknowledge the chairpersons, managers and other technical/administrative staff of the surveyed companies for their generous collaboration and contributions. The authors also thank for the financial supports provided by Committees on Research Grants of Bulent Ecevit University and Akdeniz University.
İlk Sayfa Sayısı
[dc.identifier.startpage]
654
Son Sayfa Sayısı
[dc.identifier.endpage]
673
Dergi Adı
[dc.relation.journal]
Journal of Engineering, Design and Technology
Dergi Sayısı
[dc.identifier.issue]
4
Dergi Cilt Bilgisi
[dc.identifier.volume]
16
Tek Biçim Adres
[dc.identifier.uri]
https://dx.doi.org/10.1108/JEDT-03-2018-0057
Tek Biçim Adres
[dc.identifier.uri]
https://hdl.handle.net/20.500.12628/7712
Görüntülenme Sayısı ( Şehir )
Görüntülenme Sayısı ( Ülke )
Görüntülenme Sayısı ( Zaman Dağılımı )
Görüntülenme
39
09.12.2022 tarihinden bu yana
İndirme
1
09.12.2022 tarihinden bu yana
Son Erişim Tarihi
29 Mart 2024 13:24
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Tıklayınız
innovation strategies survival construction strategy differentiation survive leadership different However research through crises relationships macroeconomic enterprises implications larger samples results Practical context practitioners roadmap considering firms’ Purpose Originality/value Limited Publishing Emerald long-lasting planning rivalry convenient
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