This thesis is an empirical study of strategic management practices in
the construction industry. It examines the dynamic capabilities paradigm
within the context of the Indonesian construction industry. The
characteristics of asset-capability combinations were found to be
significant determinants of the competitive advantage of the Indonesian
construction enterprises, and that such advantage sequentially
contributes to organizational performance. In doing so, this study fills
an important gap in the empirical literature and reinforces the dynamic
capabilities framework's recognition as a rigorous theory of strategic
management. As the dynamic capabilities framework can work in the
context of Indonesia, it suggests that the framework has potential
applicability in other emerging and developing countries