- Title
- Organic growth of Small and Medium-Sized firms : perspective of Ghanaian Construction industry
- Creator
- Arthur-Aidoo, B.M., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Subject
- Construction, Growth, Organic
- Date
- 2015
- Type
- Conference proceedings
- Identifier
- http://hdl.handle.net/10210/87788
- Identifier
- uj:19627
- Identifier
- Citation: Arthur-Aidoo, B.M., Aigbavboa, C.O. & Thwala, W.D. 2015. Organic growth of Small and Medium-Sized firms : perspective of Ghanaian Construction industry.
- Description
- Abstract: Growth of firms have widely been acknowledged in literature due to its significance as one of the key indicators of expansion of a firms in terms of market stock, increased in turnover, increased in employment, increased in acquisition of plant and equipment amongst others. Growth is however classified as organic or inorganic. Inorganic growth of firms is the expansion of a firm by integration or merging with another firm to achieve synergy while organic growth ensues when a firm expands as a result of its own internal activities from within. This study explores into organic growth and further highlights on the necessary drivers that will enhance organic growth among Small and Medium-sized Construction firms (SMEs) in Ghana. In order to achieve this purpose, the study adopted the use of extensive literature review supported by electronic questionnaire survey which focused on the owners of the SMEs as well as professionals engaged by the SME’s. In all, the study had responds rate of 80 percent which revealed that construction SME’s attained organic growth when there is proper management structure in place that ensures that all aspect of the corporate goals is accomplished. Further organic growth of SMEs happens when all internal rifts such as communication barriers, bad human relations, dearth motivation issues, remuneration issues, peril-conducive working environment within the firm are resolved to enable employees to work towards growth. The study recommends that owners of small and medium-sized construction firms must endeavour to recruit professionals who will ensure best management practice to encourage organic growth
- Language
- English
- Rights
- ©2015, authors
- Full Text
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