Wongsurawat W.Trivisvavet S.Mahidol University2025-12-212025-12-212025-01-01Emerald Emerging Markets Case Studies Vol.15 No.3 (2025) , 1-11https://repository.li.mahidol.ac.th/handle/123456789/113623Learning outcomes – The case introduces strategies for stakeholder management in construction megaprojects. It also helps students appreciate the pros and cons of vertical integration in the construction industry. Case overview/synopsis – This case chronicles the strategies and decisions of an executive overseeing the construction of a controversial hydroelectric power plant megaproject in Lao PDR. Complexity academic level – Advanced undergraduate/graduate. Supplementary material – Teaching notes are available for educators only. Subject code – CSS11: Strategy.Business, Management and AccountingSocial SciencesEconomics, Econometrics and FinanceVictory Dam (A): engineering development in a fragile ecosystem Victory Dam (B): strategic decisions and firm boundariesArticleSCOPUS10.1108/EEMCS-10-2024-04502-s2.0-10502471682620450621