https://doi.org/10.24928/2024/0184

Business Models Emerging From Industrialized Construction Adoption

Alejandro Vásquez-Hernández¹, Luis Fernando Alarcón² & Eugenio Pellicer³

¹PhD Student, Department of Construction Engineering and Management, Pontificia Universidad Católica de Chile, Santiago, Chile, and School of Civil Engineering, Universitat Politècnica de València, Valencia, Spain. Assistant Professor, School of Applied Sciences and Engineering, Universidad EAFIT, Medellín, Colombia, [email protected], orcid.org/0000-0002-1073-4038
²Professor, Department of Construction Engineering and Management, Pontificia Universidad Católica de Chile, Santiago, Chile, [email protected], orcid.org/0000-0002-9277-2272
³Professor, School of Civil Engineering, Universitat Politècnica de València, Valencia, Spain, [email protected], https://orcid.org/0000-0001-9100-0644

Abstract

Industrialized Construction (IC) has been recognized as a promising approach to improving project performance. However, its benefits are not evident in the building as an entity. The background of IC reveals approaches limited to production methods, overlooking issues related to process, collaboration, supply chain, and market. IC represents a novel strategic approach for the construction sector, introducing a business logic distinct from that of project-based companies, which is timely to understand within the context of managing IC adoption. Business models (BMs) are constructs that can be employed as tools to describe and analyze such business logic. This article aims to identify in the literature the constructs proposed for analyzing BMs associated with IC adoption, their approaches, and business-configuring elements, and to identify the business models associated with cases reported in the literature. A systematic literature review and content analysis were conducted. The results revealed fourteen proposed BMs frameworks and two approaches to IC BMs. Furthermore, following the analysis of reported cases, thirteen BMs were identified, associated with seven groupings based on the roles and value chain clustering strategies linked to IC adoption.

Keywords

Industrialized construction, modular construction, off-site construction, business model.

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Reference

Vásquez-Hernández, A. , Alarcón, L. F. & Pellicer, E. 2024. Business Models Emerging From Industrialized Construction Adoption, Proceedings of the 32nd Annual Conference of the International Group for Lean Construction (IGLC 32) , 869-880. doi.org/10.24928/2024/0184

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