Technology Innovation and Competitive Advantages in Construction Companies:A Reflection Based on Competitive Strategy

The Chinese construction companies tend to develop competitive strategies and acquire competitive advantages with the increasing competition in construction market in China. The theories demonstrate that technology innovation is one of sources of competitive advantages, but the characteristics of construction industry result in handicap for technology innovation. To investigate the technology innovation performance of Chinese construction companies with adverse industry environment and relationship between it and competitive advantages, this paper empirically studies the Chinese public listed construction companies, and concludes that some companies begin to realize the importance of technology innovation and have such activities, but the construction companies should raise consciousness of innovation and improve innovation ability in the whole. And this paper also indicates that technology innovation is helpful for construction companies to grow up and strengthen themselves to a certain extent. Therefore, technology innovation is a feasible strategy for Chinese construction companies to acquire competitive advantages and they should be aware of their situation, overcome adverse factors and persist in technology innovation.