- Title
- Exploring strengths and weaknesses of growth among small and medium-sized construction firms in Ghana
- Creator
- Arthur-Aidoo, Martin Bernard, Aigbavboa, Clinton, Thwala, Wellington Didibhuku
- Subject
- Small business - Ghana
- Date
- 2016
- Type
- Conference proceedings
- Identifier
- http://hdl.handle.net/10210/122990
- Identifier
- uj:20735
- Identifier
- Citation: Arthur-Aidoo, B.M., Aigbavboa, C. & Thwala, W.D. 2016. Exploring strengths and weaknesses of growth among small and medium-sized construction firms in Ghana.
- Description
- Abstract: Small and medium size construction firms are recognised as drivers of socio-economic development in most nations. This is because the operations of SMEs impacts on both job creations and also in poverty alleviation programmes of many countries. Although the construction SMEs in Ghana are generally considered to have a low level of managerial structures, their dominance, and activities within the sector enable them to fill gaps and also execute projects in numbers and at locations where large firms will be available and prepare to operate. This attribute makes the growth of these construction SMEs imperative to the Ghanaian economy.The purpose of this study was to establish the strengths and weaknesses in enhancing firm’s growth among construction SMEs. The methodology adopted was solely a comprehensive review of the literature on existing models which was done via journals, conferences publications supported by other electronic information. The conclusion of the study stressed that strength of firm’s growth refers to the firm’s competitive advantage and distinctive competencies this includes strong customer service, positive employees attitudes, excellent stakeholders relations, lower cost in production and high integrity of the staff among others. Further conclusions to the study pointed that weakness of firm’s growth, on the other hand, refers to the constraints that impede a firm to grow or what the firm does not do well. The study also concludes that weakness in firm’s growth among SMEs include frail organisational structure, inadequate training of staff, lack of clear corporate goals and complex levels of reporting systems of the firm.
- Language
- English
- Rights
- ©2016, authors
- Full Text
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