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An assessment of the readiness of construction firms for international construction joint ventures (ICJVs) using the VERDICT model

Stephen Akunyumu (Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana)
Frank D.K. Fugar (Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana)
Emmanuel Adinyira (Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana)

Journal of Engineering, Design and Technology

ISSN: 1726-0531

Article publication date: 30 August 2021

Issue publication date: 8 November 2023

182

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.

Keywords

Acknowledgements

The authors are grateful to the Kwame Nkrumah University of Science and Technology Research Fund (KReF) for providing some of the funding for this research. The authors are equally grateful to the editors and anonymous reviewers whose constructive comments helped to improve the quality of this paper.

Citation

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, Vol. 21 No. 5, pp. 1253-1279. https://doi.org/10.1108/JEDT-04-2021-0198

Publisher

:

Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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