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Strategic Business Model Development for Architectural Services: Analyzing Competitor Designs

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  • Zhao Junting

    (Graduate School of Business, University of the Visayas, Philippines, Dionisio Jakosalem St, Cebu City, Philippines)

  • Jereco Jims J. Agapito

    (Eastern Visayas State University Ormoc City Campus, Brgy. Don Felipe, Ormoc City, Philippines)

Abstract

This study employs a convenience sampling method to investigate the design services industry in Shi Jiazhuang City, focusing on a construction company’s design department employees in senior or middle management roles. Utilizing SWOT analysis and Porters Five Forces, the study identifies strengths, weaknesses, opportunities, and threats in the industry, shedding light on crucial factors like quality, communication, and differentiation. The Porters Five Forces analysis reveals challenges from new entrants, supplier bargaining power, client influence, and substitutes. Subsequently, a comprehensive strategic business model is derived, emphasizing dimensions such as finance, response, enterprise, learning, firm, and innovation. This model addresses specific challenges like expertise shortages, brand recognition, and project setbacks, providing a holistic framework for sustained growth and competitiveness. The study encourages adaptability, proactivity, and preparedness in navigating dynamic market conditions. Overall, the research contributes valuable insights for the design service company, offering a strategic guide to position itself effectively within the industry and ensure sustainable success. The findings underscore the importance of efficient financial practices, skill enhancement, brand development, continuous learning, firm optimization, and innovation in navigating challenges and leveraging opportunities. This study provides a nuanced understanding of the industry’s dynamics and offers practical recommendations for the company to thrive in the ever-evolving market landscape.

Suggested Citation

  • Zhao Junting & Jereco Jims J. Agapito, 2024. "Strategic Business Model Development for Architectural Services: Analyzing Competitor Designs," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(1), pages 1716-1730, January.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:1:p:1716-1730
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    References listed on IDEAS

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    1. Gabriel Sorin STROE, 2014. "Are The Professional Engineering Services Threatened By Substitutes?," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 160-169.
    2. Kunyoung Hong & Boyoung Kim, 2020. "Organizational Resource and Innovativeness to Sustainable Design Outsourcing Service," Sustainability, MDPI, vol. 12(13), pages 1-16, June.
    3. Aldas Kriauciunas & Anne Parmigiani & Miguel Rivera-Santos, 2011. "Leaving our comfort zone : Integrating established practices with unique adaptations to conduct survey-based strategy research in nontraditional contexts," Post-Print hal-02313127, HAL.
    4. Pedro C. Oprime & Hélcio Martins Tristão & Márcio Lopes Pimenta, 2011. "Relationships, cooperation and development in a Brazilian industrial cluster," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 60(2), pages 115-131, January.
    5. Tihana Koprivnjak & Sunčica Oberman Peterka, 2020. "Business Model as a Base for Building Firms’ Competitiveness," Sustainability, MDPI, vol. 12(21), pages 1-18, November.
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