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M. Sreckovic:
"The Impact Of Relational Capabilities And Managerial Capabilities On Strategic Performance - A Comparison Between Architecture Firms And Real Estate Development Companies";
Talk: 2015 Engineering Project Organizations Conference, Edinburgh, Scottland, UK (invited); 2015-06-24 - 2015-06-26; in: "Proceedings - EPOC 2015 Conference", (2015), 20 pages.

Building projects are complex, unique and involve many stakeholders, such as
contractors, architects, engineers, investors and developers. Creating and maintaining
networks to partners and clients is of crucial importance for a successful project completion
and for the competitive advantage of project-based organizations. The aim of this paper is to
investigate the role of coordinative capabilities, specifically relational capabilities (RC) and
managerial capabilities (MC) for the strategic performance of real estate development
companies and architecture firms. It is hypothesized that RC and MC, which are embedded
in the organization itself and developed through projects and individual capabilities, influence
the strategic performance of architects and real estate developers, and thus lead to competitive
advantage and higher firm performance of these companies. The research framework is
empirically evaluated by using data from 97 real estate development companies and 79
architecture firms from Austria, Germany, and Switzerland. The hypotheses are tested by
applying a stepwise regression analysis. Further on, the findings for these two types of
professional service firms are compared and their implication discussed. Our results indicate
that under higher environmental uncertainty, relational capabilities are more important for the
performance of architecture firms and managerial capabilities are more important for the
performance of real estate companies.

organizational capabilities, resource-based-view, competitive advantage, empirical study