EFFECT OF INTERNAL CAPABILITIES ON SUCCESS OF CONSTRUCTION COMPANY INNOVATION AND TECHNOLOGY TRANSFER

Abstract

Increasing competition triggered innovation and technology transfer to be the key drivers of success for companies. In this study, a construction company's success was indicated by its innovation and technology transfer performance defined with factors such as perceived value, project time and budget, competitive advantage, reputation, productivity, finance, learning and development and customer satisfaction. Then, it was aimed to measure the effect of internal capabilities of a company such as resources and capabilities, project management competencies, and strategic decisions on success. In this context, Structural Equation Modelling method was used to analyse data collected from 52 construction companies and construct a model representing the interrelationships between the factors. According to the resulting model, it was found out that project management competencies have a direct relationship with company innovation and technology transfer success whereas, Resources and Capabilities and Strategic Decisions have both an indirect relationship with success through project management competencies.