RAK-53117 Contexts in International Construction Business, 4 cr

Person responsible

Pekka Huovinen

Lessons

Implementation 1: RAK-53117 2015-01

Study type P1 P2 P3 P4 Summer

Lectures
Assignment
4 h/week
42 h/per

+42 h/per

Lecture times and places: Tuesday 12 - 16 RH215

Requirements

The completion of this course consists of (a) attending joint introductory lectures, (b) preparing the student-specific reviews of applied knowledge about ICB and its advancement as well as (c) making the team-specific or student-specific web-based briefs of empirical information about focal units’ status and development in primary contexts within capital investment markets. No examination is required. All three parts must be passed during the same academic year.
Completion parts must belong to the same implementation

Learning Outcomes

After having passed this course, a student can (i) direct her or his career path towards international construction business (ICB), (ii) make sense about contextual wholes and their parts in terms of capital investment markets, including also construction, real estate and project-based markets across the globe, (iii) conduct a review of applied knowledge about ICB as causally interrelated systems and (iv) conduct a web-based brief of empirical information about ICB as multiple embedded contexts. A student may choose from among alternative units of reviewing and briefing as types of markets (continents, regions, countries, sectors, etc.), competition (as competitive arenas), competitiveness (at regional, national and company levels), companies and businesses. In addition, high-performing students can insightfully foresee potential areas for advancing applied ICB knowledge as well as they can critically reflect on context-specific challenges and problems within ICB from focal stakeholders’ view and innovatively craft applicable development strategies and solutions for such contexts. In other words, no single view, country of origin (e.g. Finland), market, etc. is given or prioritised.

Content

Content Core content Complementary knowledge Specialist knowledge

1. Global capital investment markets (CIMs): Definitions, contexts, sectors, principal features and statistics about (inter)national developments between 2000-2013. CIMs include also construction, real estate and project-based industrial markets. Selected scenarions on alternative future developments of focal international and sectoral construction markets

2. International trade and international CIMs-based businesses: Definitions, roles, business scope groups, top companies, challenges and key success factors Selected scenarios and forecasts on international business-specific developments

3. International competition, procurement, and marketing in construction markets: definitions, technological developments, 3 logics, 8 competitive arenas and 19 routes as well as contextual information about ethical and murky ICB practices International company management in CIMs: Definitions, 5 areas, principles and exemplary companies' practices in management (of issues) and leading (of people) Policies and strategies of selected international associations (OECD, EC, FIDIC, etc.) Development of a company's international competitiveness in CIMs

Instructions for students on how to achieve the learning outcomes

The criteria for assessing (a) applied ICB knowledge reviews and (b) empirical, web-based ICB information briefs are to be found as Annex to these course pages.

Assessment scale:

Numerical evaluation scale (1-5) will be used on the course

Partial passing:

Completion parts must belong to the same implementation

Study material

Type Name Author ISBN URL Additional information Examination material

Other literature A framework for designing an international competitive strategy in the case of technology-intensive contractors Pekka Huovinen In Preece C. N., ed., Proceedings of the academic track, 2nd International Construction Marketing Conference. Watford, UK, 19-20 Sep 2001. University of Leeds, UK. CD-Rom. pp. 68-75. No

Other literature Advancement of sustainable development, contracting, design, and supply businesses vis-a-vis construction markets. Pekka Huovinen In Wamelink, H., Geraedts, R., and Volker, L., eds., Proceedings of the MISBE2011 – Int’l Conference on Management and Innovation for a Sustainable Built Environment. CIB, Delft University of Technology, AESOP, ENHR. Amsterdam, The Netherlands, 20-23 June 2011. pp. 1-15. No

Other literature Competitiveness in construction: a critical review of research Roger Flanagan, Weisheng Lu, Liyin Shen and Carol Jewell Construction Management and Economics, vol. 25, 2007, 1989-1000. No

Other literature Managing a firm’s competitiveness in global capital investment markets. Pekka Huovinen In Uwakweh B. and Minkarah I. A., eds., Proceedings of 10th Int’l Symposium of CIB W65 & W55 et al. on Construction Innovation and Global Competitiveness. University of Cincinnati and CIB. 9-13 Sep 2002. CRC Press, pp. 330-344. No

Other literature Market strategies and core capabilities in the building industry Job de Haan, Hans Voordijk and Geert-Jan Joosten Construction Management and Economics, vol. 20, 2002, 109-118. No

Other literature Recursive management of a dynamic business in global capital-investment markets. Pekka Huovinen In Kähkönen, K. and Porkka, J., eds., Global perspectives on management and economics in the AEC sector. Proceedings of 11th Joint CIB Int’l Symposium on Combining forces – Advancing facilities management and construction through innovation. VTT, RIL, and CIB. Helsinki. 13-16 June 2005, pp. 142-153. No

Other literature The synergy between business and global drivers in futures planning for construction enterprises Roger Flanagan In Kähkönen K. and Porkka J., eds., Global perspectives on Management and Economics in the AEC Sector. Proceedings of 11th Joint CIB Int'l Symposium on Combining Forces. VTT, RIL and CIB. Helsinki. 13-16 June 2005. pp. 1-15 No

Other literature Who needs to know what? Institutional knowledge and global projects. Amy N. Javernick-Will and W. Richard Scott Journal of Construction Engineering and Management, vol. 136, 2010, No. 5, 546-556. No

Correspondence of content

Course Corresponds course Description

RAK-53117 Contexts in International Construction Business, 4 cr RAK-53116 International Construction Business, 3 cr

Documents

RAK-53117 CONICB Autumn 2015 Materials 160815.pdf RAK-53117 CONICB Autumn 2015 Grading criteria.pdf

Last modified 16.08.2015

Study type	P1	P2	P3	P4	Summer
Lectures Assignment	4 h/week 42 h/per	+42 h/per

Content	Core content	Complementary knowledge	Specialist knowledge
1.	Global capital investment markets (CIMs): Definitions, contexts, sectors, principal features and statistics about (inter)national developments between 2000-2013. CIMs include also construction, real estate and project-based industrial markets.	Selected scenarions on alternative future developments of focal international and sectoral construction markets
2.	International trade and international CIMs-based businesses: Definitions, roles, business scope groups, top companies, challenges and key success factors	Selected scenarios and forecasts on international business-specific developments
3.	International competition, procurement, and marketing in construction markets: definitions, technological developments, 3 logics, 8 competitive arenas and 19 routes as well as contextual information about ethical and murky ICB practices International company management in CIMs: Definitions, 5 areas, principles and exemplary companies' practices in management (of issues) and leading (of people)	Policies and strategies of selected international associations (OECD, EC, FIDIC, etc.) Development of a company's international competitiveness in CIMs

Type	Name	Author	ISBN	URL	Additional information	Examination material
Other literature	A framework for designing an international competitive strategy in the case of technology-intensive contractors	Pekka Huovinen			In Preece C. N., ed., Proceedings of the academic track, 2nd International Construction Marketing Conference. Watford, UK, 19-20 Sep 2001. University of Leeds, UK. CD-Rom. pp. 68-75.	No
Other literature	Advancement of sustainable development, contracting, design, and supply businesses vis-a-vis construction markets.	Pekka Huovinen			In Wamelink, H., Geraedts, R., and Volker, L., eds., Proceedings of the MISBE2011 – Int’l Conference on Management and Innovation for a Sustainable Built Environment. CIB, Delft University of Technology, AESOP, ENHR. Amsterdam, The Netherlands, 20-23 June 2011. pp. 1-15.	No
Other literature	Competitiveness in construction: a critical review of research	Roger Flanagan, Weisheng Lu, Liyin Shen and Carol Jewell			Construction Management and Economics, vol. 25, 2007, 1989-1000.	No
Other literature	Managing a firm’s competitiveness in global capital investment markets.	Pekka Huovinen			In Uwakweh B. and Minkarah I. A., eds., Proceedings of 10th Int’l Symposium of CIB W65 & W55 et al. on Construction Innovation and Global Competitiveness. University of Cincinnati and CIB. 9-13 Sep 2002. CRC Press, pp. 330-344.	No
Other literature	Market strategies and core capabilities in the building industry	Job de Haan, Hans Voordijk and Geert-Jan Joosten			Construction Management and Economics, vol. 20, 2002, 109-118.	No
Other literature	Recursive management of a dynamic business in global capital-investment markets.	Pekka Huovinen			In Kähkönen, K. and Porkka, J., eds., Global perspectives on management and economics in the AEC sector. Proceedings of 11th Joint CIB Int’l Symposium on Combining forces – Advancing facilities management and construction through innovation. VTT, RIL, and CIB. Helsinki. 13-16 June 2005, pp. 142-153.	No
Other literature	The synergy between business and global drivers in futures planning for construction enterprises	Roger Flanagan			In Kähkönen K. and Porkka J., eds., Global perspectives on Management and Economics in the AEC Sector. Proceedings of 11th Joint CIB Int'l Symposium on Combining Forces. VTT, RIL and CIB. Helsinki. 13-16 June 2005. pp. 1-15	No
Other literature	Who needs to know what? Institutional knowledge and global projects.	Amy N. Javernick-Will and W. Richard Scott			Journal of Construction Engineering and Management, vol. 136, 2010, No. 5, 546-556.	No

Course	Corresponds course	Description
RAK-53117 Contexts in International Construction Business, 4 cr	RAK-53116 International Construction Business, 3 cr