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Uncovering Market Entry Decision Factors for the Sheet Metal and HVAC Industry

机译:揭示钣金和暖通空调行业的市场准入决策因素

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Expanding geographically, adding trades, and competing for larger or new types of projects are examples of market entry approaches used by construction firms to grow their organizations. Growth provides the opportunity to develop and motivate personnel, expand the brand, and mitigate market risks. Unfortunately, market entry also may cause business hardship. Although the literature suggests having a standard decision process leads to better outcomes, a formal, written protocol for addressing domestic market entry decisions could not be found in the construction literature. This paper briefly outlines a method for creating an applied market entry decision framework, and then details one critical aspect of this process: prioritization of decision factors. Key decision factors are uncovered through a review of the literature and interviews with industry professionals, and then prioritized using modified Delphi workshops. The top two decision factors for both workshops were 'Market need' and 'experience and abilities of the champion.' The results contribute to the construction body of knowledge by providing the most important factors for sheet metal and HVAC contractors to consider when entering a new market.
机译:地域扩张,增加贸易,竞争大型或新型项目是建筑公司用来发展其组织的市场进入方法的例子。增长提供了发展和激励人才,扩展品牌和减轻市场风险的机会。不幸的是,进入市场也可能导致业务困难。尽管文献表明采用标准的决策程序可以带来更好的结果,但是在建筑文献中却找不到用于解决国内市场进入决策的正式书面协议。本文简要概述了一种创建应用的市场进入决策框架的方法,然后详细介绍了此过程的一个关键方面:确定决策因素的优先级。通过查阅文献和与行业专家的访谈来发现关键决策因素,然后使用经过改进的Delphi研讨会确定优先级。两次研讨会的前两个决定因素是“市场需求”和“冠军的经验和能力”。通过为钣金和HVAC承包商提供进入新市场时要考虑的最重要因素,这些结果有助于知识的构建。

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