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Journal of Financial Management of Property and Construction

ISSN: 1366-4387

Online from: 2005

Subject Area: Built Environment

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2011 Awards for Excellence

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Article citation: , (2012) "2011 Awards for Excellence", Journal of Financial Management of Property and Construction, Vol. 17 Iss: 1, pp. -

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Article Type: 2011 Awards for Excellence From: Journal of Financial Management of Property and Construction, Volume 17, Issue 1

The following article was selected for this year’s Outstanding Paper Award for Journal of Financial Management of Property and Construction

“Key competitiveness indicators for new real estate developers”

Xiaoling Zhang
Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China

Liyin Shen
Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China

Martin Skitmore
School of Urban Development, Queensland University of Technology, Brisbane, Australia

Bo Xia
Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China

Purpose -- The paper aims to explore the key competitiveness indicators (KCIs) that provide the guidelines for helping new real estate developers (REDs) achieve competitiveness during their inception stage in which the organisations start their business.
Design/methodology/approach -- The research was conducted using a combination of various methods. A literature review was undertaken to provide a proper theoretical understanding of organisational competitiveness within RED’s activities and developed a framework of competitiveness indicators (CIs) for REDs. The Delphi forecasting method is employed to investigate a group of 20 experts’ perception on the relative importance between CIs.
Findings -- The results show that the KCIs of new REDs are capital operation capability, entrepreneurship, land reserve capability, high sales revenue from the first real estate development project, and innovation capability.
Originality/value -- The five KCIs of new REDs are new. In practical terms, the examination of these KCIs would help the business managers of new REDs to effectively plan their business by focusing their efforts on these key indicators. The KCIs can also help REDs provide theoretical constructs of the knowledge base on organisational competitiveness from a dynamic perspective, and assist in providing valuable experiences and in formulating feasible strategies for survival and growth.

Keywords: Business formation, Competitive strategy, Delphi method, Forecasting real estate

www.emeraldinsight.com/10.1108/13664381011063430

This article originally appeared in Volume 15 Number 2, 2010, pp. 143-57, Journal of Financial Management of Property and Construction

The following articles were selected for this year’s Highly Commended Award

“PPPs in road renovation and maintenance: a case study of the East Coast Road project”

Thillai Rajan A., R. Siddharth and S.P. Mukund

This article originally appeared in Volume 15 Number 1, 2010, Journal of Financial Management of Property and Construction

“Examining fuzzy tactical asset allocation (FTAA) as an alternative to modern portfolio theory (MPT) asset allocation for international and direct real estate investment”

Kim Hin/David Ho, Eddie Chi Man Hui and Huiyong Su

This article originally appeared in Volume 15 Number 2, 2010, Journal of Financial Management of Property and Construction