Creative Destruction and Constructing The Built Environment: From the first industrial revolution to the fourth

De Valence, G

Creative Destruction and Constructing The Built Environment: From the first industrial revolution to the fourth

De Valence, G

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Publisher:: Construction Economics Research.
Publication Type:: Book
Citation:: 2022
Issue Date:: 2022-12-01

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Field	Value	Language
dc.contributor.author	De Valence, G https://orcid.org/0000-0002-0619-8033
dc.date.accessioned	2023-03-27T05:59:36Z
dc.date.available	2023-03-27T05:59:36Z
dc.date.issued	2022-12-01
dc.identifier.citation	2022
dc.identifier.uri	http://hdl.handle.net/10453/168599
dc.description.abstract	Industries and products evolve and develop as their underlying knowledge base and technological capabilities increase. The start of a cycle of development is a major new invention, something significant enough to lead to fundamental changes in demand (the function, type and number of buildings), design (the opportunities new materials and methods offer), or delivery (through project management). Major inventions give a ‘technological shock’ to an existing system of production, which leads to a transition period where incumbent firms have to adjust to the new business environment and new entrants appear to take advantage of the new technology. This process is known as creative destruction, and that is what happened to construction and related suppliers of services, materials and components after the first industrial revolution as the professions of architects, engineers and quantity surveyors emerged. The book argues might take a decade or more for fourth industrial revolution technologies to become central to construction of the built environment, and the development path taken will be distinct and different from the path taken in other industries. This path dependence varies not just from industry to industry, but from firm to firm as well.
dc.language	en
dc.publisher	Construction Economics Research.
dc.rights	info:eu-repo/semantics/openAccess
dc.title	Creative Destruction and Constructing The Built Environment: From the first industrial revolution to the fourth
dc.type	Book
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/e-Press
utslib.copyright.status	open_access	*
pubs.consider-herdc	false
dc.date.updated	2023-03-27T05:59:33Z
pubs.place-of-publication	Sydney
pubs.publication-status	Published
dc.location	Sydney

Abstract:

Industries and products evolve and develop as their underlying knowledge base and technological capabilities increase. The start of a cycle of development is a major new invention, something significant enough to lead to fundamental changes in demand (the function, type and number of buildings), design (the opportunities new materials and methods offer), or delivery (through project management). Major inventions give a ‘technological shock’ to an existing system of production, which leads to a transition period where incumbent firms have to adjust to the new business environment and new entrants appear to take advantage of the new technology. This process is known as creative destruction, and that is what happened to construction and related suppliers of services, materials and components after the first industrial revolution as the professions of architects, engineers and quantity surveyors emerged. The book argues might take a decade or more for fourth industrial revolution technologies to become central to construction of the built environment, and the development path taken will be distinct and different from the path taken in other industries. This path dependence varies not just from industry to industry, but from firm to firm as well.

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http://hdl.handle.net/10453/168599