Real Estate Development by Architectural Firms: Is the Business Model Future-Proof?

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

3 Citations (Scopus)
78 Downloads (Pure)

Abstract

Architectural firms need business models that are able to deal with the diversity and uncertainty of their work to run a successful business over time. Little is known about the business models that are used in architectural service delivery and how they enable or constrain firms to create and capture value in their projects. In this research, a theoretical framework is used to systematically analyse the business models for the delivery of real estate development services by architectural firms. The findings are based on interview data collected at 22 Dutch architectural firms and show that the resources which are necessary for value creation may either enhance or constrain the firm's value capture. This research contributes to construction management literature by providing a profound insight into the pitfalls and opportunities of real estate development by architectural firms. It helps architects to improve their business models in order to enable organizational sustainability.
Original languageEnglish
Title of host publicationProceedings of the 32nd Annual ARCOM Conference
Subtitle of host publicationARCOM 2016
EditorsP.W. Chan, C.J. Neilson
PublisherARCOM, Association of Researchers in Construction Management
Pages1049-1058
Volume2
ISBN (Print)978-0-9955463-0-1
Publication statusPublished - 2016
Event32nd Annual Conference of the Association of Researchers in Construction Management: ARCOM 2016 - Manchester, United Kingdom
Duration: 5 Sep 20167 Sep 2016
Conference number: 32

Conference

Conference32nd Annual Conference of the Association of Researchers in Construction Management
Abbreviated titleARCOM
CountryUnited Kingdom
CityManchester
Period5/09/167/09/16

Keywords

  • business model
  • value capture
  • value creation
  • value proposition

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