Expanding Opportunities for Small Residential Construction Companies in Metro Boston

Presenter

Walker Knowles

Campus

UMass Boston

Sponsor

Zaur Rzakhanov, Department of Accounting and Finance, UMass Boston

Schedule

Session 1, 10:30 AM - 11:15 AM [Schedule by Time][Poster Grid for Time/Location]

Location

Poster Board C3, Poster Showcase Room (163), Row 1 (C1-C10) [Poster Location Map]

Abstract

The purpose of this research is to explore key non-financial factors crucial to small and large residential construction companies, uncovering distinctions that could offer opportunities for small companies to develop greater competitive advantage. In this exploration we will use a structured industry model development process, like that used in research by Michael Erskine, to build aggregate business model outlines for both small and large firms. Building off findings of research by Georgios Pardalis, Krushna Mahapatra, and Brijesh Mainali which assessed the ability for micro and small-sized enterprises in Sweden to operate as a ‘one-stop-shop’ for clients, as well as research by Sevilay Demirkesen and Algan Tezel, which explores means by which construction companies can innovate via industry 4.0 adoption. The findings from these studies will guide our structured industry model development process. The results aim to identify a basis for further exploration of the feasibility of competitive development opportunities for small construction companies. We will build our outline by identifying characteristics based on general strategy, value proposition, value chain, and revenue structures. We expect to find that larger firms will demonstrate more efficient cost structures, broader services, different financing, and superior industry 4.0 adoption. 

Keywords

Residential construction, Market analysis, Small business development, Industry model development process, Business model analysis

Research Area

Business & Economics

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