- Title
- A framework for growth of small and medium-size construction firms : a literature review
- Creator
- Arthur-Aidoo, B.M., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Subject
- Construction firms, Framework, Growth
- Date
- 2015
- Type
- Conference proceedings
- Identifier
- http://hdl.handle.net/10210/85381
- Identifier
- uj:19338
- Identifier
- Citation: Arthur-Aidoo, B.M., Aigbavboa, C.O. & Thwala, W.D. 2015. A framework for growth of small and medium-size construction firms : a literature review.
- Description
- Abstract: Small and medium-sized firms (SMEs) are considered as the engine of growth in most economies due to their significant contribution in terms of employment and natural development. SMEs growth within an economy is, therefore, paramount. Growth of SMEs firms has been deliberated in literature as an expansion. This development is classified as either organic (internal expansion) or inorganic (expansion by integration). Literature has also stressed on the eased at which these construction SMEs enter the market environment and quickly exit due to peculiar challenges including growth. Therefore, this study seeks to establish a framework for SMEs in the construction industry in order to foster their growth. The study adopted the use of extensive use of literature. This was supported by informal semi-structured interviews which involved construction industry professionals as the papulation. The research focused on the determinants of growth and how thesefactors will be established The study concludes thatfor growth to be ascertained in afirm, there must be an integration of both the internal and external variables to influence growth.
- Language
- English
- Rights
- ©2015, authors
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