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Article: Managing multiple markets: Big firms and PFI
Title | Managing multiple markets: Big firms and PFI |
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Authors | |
Keywords | Collaborative working Construction firms Integrated solutions Multiple markets Private Finance Initiative (PFI) Public finance initiative Value creation |
Issue Date | 2010 |
Publisher | Routledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09613218.html |
Citation | Building Research And Information, 2010, v. 38 n. 2, p. 131-143 How to Cite? |
Abstract | The Private Finance Initiative (PFI) is frequently portrayed as a vehicle for change for the UK construction sector. Significant change in the working practices of construction companies is predicted as new business models based on whole-life value creation emerge. This paper shifts the focus of discussion from projected ideals and possible developments to the current situation. More specifically, it focuses on the challenges that large firms participating in both PFI and traditional markets face. The analysis focuses on the relations between business units and on day-to-day challenges to greater long-term commitment, through life-service provision and increased integration between construction and service provision. The paper offers insights into the effects of PFI on construction practice and their implications for theorizing on organizational and strategic change. It suggests abandoning a simplistic model of the centralized, homogenous firm and instead capturing the dynamics of decentralized, large firms working in multiple markets on a variety of projects. This would assist in the provision of more realistic and fruitful models of how to realize the PFI vision. |
Persistent Identifier | http://hdl.handle.net/10722/146357 |
ISSN | 2023 Impact Factor: 3.7 2023 SCImago Journal Rankings: 0.766 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Leiringer, R | en_HK |
dc.contributor.author | Schweber, L | en_HK |
dc.date.accessioned | 2012-04-20T02:05:29Z | - |
dc.date.available | 2012-04-20T02:05:29Z | - |
dc.date.issued | 2010 | en_HK |
dc.identifier.citation | Building Research And Information, 2010, v. 38 n. 2, p. 131-143 | en_HK |
dc.identifier.issn | 0961-3218 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/146357 | - |
dc.description.abstract | The Private Finance Initiative (PFI) is frequently portrayed as a vehicle for change for the UK construction sector. Significant change in the working practices of construction companies is predicted as new business models based on whole-life value creation emerge. This paper shifts the focus of discussion from projected ideals and possible developments to the current situation. More specifically, it focuses on the challenges that large firms participating in both PFI and traditional markets face. The analysis focuses on the relations between business units and on day-to-day challenges to greater long-term commitment, through life-service provision and increased integration between construction and service provision. The paper offers insights into the effects of PFI on construction practice and their implications for theorizing on organizational and strategic change. It suggests abandoning a simplistic model of the centralized, homogenous firm and instead capturing the dynamics of decentralized, large firms working in multiple markets on a variety of projects. This would assist in the provision of more realistic and fruitful models of how to realize the PFI vision. | en_HK |
dc.language | eng | en_US |
dc.publisher | Routledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09613218.html | en_HK |
dc.relation.ispartof | Building Research and Information | en_HK |
dc.rights | This is a pre-print version of the article: Leiringer, R. and Schweber, L. (2010). Managing multiple markets: big firms and PFI. Building Research and Information, 38(2), 131-143. DOI:10.1080/09613210903027147 The article is available at: http://www.tandfonline.com.eproxy1.lib.hku.hk/doi/pdf/10.1080/09613210903027147 | - |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.subject | Collaborative working | en_HK |
dc.subject | Construction firms | en_HK |
dc.subject | Integrated solutions | en_HK |
dc.subject | Multiple markets | en_HK |
dc.subject | Private Finance Initiative (PFI) | en_HK |
dc.subject | Public finance initiative | en_HK |
dc.subject | Value creation | en_HK |
dc.title | Managing multiple markets: Big firms and PFI | en_HK |
dc.type | Article | en_HK |
dc.identifier.email | Leiringer, R:roine.leiringer@chalmers.se | en_HK |
dc.identifier.authority | Leiringer, R=rp01592 | en_HK |
dc.description.nature | preprint | en_US |
dc.identifier.doi | 10.1080/09613210903027147 | en_HK |
dc.identifier.scopus | eid_2-s2.0-77649323268 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-77649323268&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 38 | en_HK |
dc.identifier.issue | 2 | en_HK |
dc.identifier.spage | 131 | en_HK |
dc.identifier.epage | 143 | en_HK |
dc.identifier.eissn | 1466-4321 | - |
dc.identifier.isi | WOS:000276099200001 | - |
dc.publisher.place | United Kingdom | en_HK |
dc.identifier.scopusauthorid | Leiringer, R=12753583200 | en_HK |
dc.identifier.scopusauthorid | Schweber, L=25629047800 | en_HK |
dc.identifier.issnl | 0961-3218 | - |