| Title |
A Study of Corporate Benchmarking Process with Focus on the Characteristics of Korean Construction Industry |
| Authors |
Lee, Dong-Hoon ; Kim, Sun-Kuk ; Choi, Jea-Hwi ; Lee, Won-Suk |
| Abstract |
Benchmarking is an effective tool supporting improvement of corporate competitiveness and development of management strategy, however, its effectiveness may be compromised if its target and approach are not appropriate. Notably, the construction industry of Korea is unique in that it has a number of competitors sharing the same category and is significantly exposed to changes in external environment in terms of legal, regulatory and policy frameworks. Such characteristics make target corporate category rather than single company more suitable as benchmarking target and necessitate analysis of external environment. This study intends to analyze the characteristics of construction industry in Korea and conditions of domestic companies in order to propose a benchmarking process for construction industry differentiated from conventional ones. |