An assessment of the readiness of construction firms for international construction joint ventures (icjvs) using the verdict model

Akunyumu, S; Fugar, F D K and Adinyira, E (2023) An assessment of the readiness of construction firms for international construction joint ventures (icjvs) using the verdict model. Journal of Engineering, Design and Technology, 21(5), pp. 1253-1279. ISSN 1726-0531

Abstract

Purpose: The purpose of this study was to assess the readiness of construction companies in Ghana to partner with foreign companies in international construction joint ventures (ICJVs). Design/methodology/approach: Using the Verify End-User e-Readiness using a Diagnostic Tool (VERDICT) model, a survey with 31 construction companies was conducted to assess their readiness through four pre-defined elements of readiness. Findings: The results indicated the readiness of construction companies to collaborate with potential foreign partners in ICJVs. Notwithstanding, certain areas such as management commitment to change, employee buy-in, process flexibility and technology infrastructure need improvement in some firms to achieve readiness. Government has a role in ensuring the readiness of domestic firms for the international market. Originality/value: This study applies the VERDICT model, a tool originally designed to assess construction organizations' readiness for e-commerce, to assess the readiness of Ghanaian construction companies for ICJVs.

Item Type: Article
Uncontrolled Keywords: developing countries; international construction; joint ventures; readiness assessment; strategic partnership; verdict
Date Deposited: 11 Apr 2025 17:38
Last Modified: 11 Apr 2025 17:38