Management and strategic efficiency of construction companies

Abstract

Over the past two decades, Croatian construction companies have been undergoing intensive dynamic changes caused by political and economic influences on the construction market: privatisation of state-owned companies, opening of Croatian market, vigorous post-war reconstruction activities, intensive construction of motorways, etc. Such turbulent changes have influenced construction companies in a variety of ways. A number of Croatian companies that used to be dominant have disappeared from the market. Some companies have transformed their management and construction processes. The Balanced Scorecard model for shaping and implementing business strategies of construction companies is presented in the paper.