Research Information System
Eighth International Conference on Construction in the 21st Century (CITC-8), Selanik, Greece, 27 - 31 May 2015, pp.100
Crises are among the most important reasons in completing life cycles of construction companies. Crisis management starts with the introduction of crisis signals, continues with an effective struggle during the crisis, and ends with recovery studies after the crisis to turn to the former position. Most of micro and macro crises produce significant signals before they occur. Especially large-scale construction companies can overcome crises with a minimum financial loss by catching these alarming signals, by improving policies to defeat them with a minimal damage, and by developing immediate renovation works. Construction companies which can overcome crises with zero damage will likely have a competitive advantage over their current rivals and expand their market shares largely. Considering these issues, in the present study, process-based practical applications that should be performed by construction companies to survive before, during, and after crises were presented in a detailed man