| Title |
Growth Model for Korean CM Firms based on 2012 Statistics |
| Authors |
Jung, Youngsoo ; Shin, Dongwoo ; Kang, Seunghee ; Kim, Namjoon |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2014.15.6.092 |
| Keywords |
Types of CM Services ; CM Scope ; CM Function ; Corporate Strategy ; Growth Path |
| Abstract |
CM services have been increasingly practiced over the two decades in the Korean construction industry, and recent efforts focus on further development in advanced CM capabilities and expansion to overseas market. However, there has been lack of holistic research to investigate current status and future direction of CM industry in Korea. In this context, the purposes of this study are 1) to analyze current status of Korean CM industry in terms of owners, market, CM firms, contracts, and work scopes, 2) to define different types of CM practices, and 3) to propose growth models for Korean CM firms based on the defined CM project types. An extensive literature review and statistical analysis of 2012 CM contracts were performed in order to analyze the CM status. Based on the analyses, ten different CM types are defined, and growth paths of CM firms are illustrated. Implications and lessons learned during the statistical analysis and workshops are briefly introduced as well. |