A framework for growth of small and medium-size construction firms : a literature review
- Arthur-Aidoo, B.M., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Authors: Arthur-Aidoo, B.M. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Construction firms , Framework , Growth
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/85381 , uj:19338 , 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.
- Full Text: false
- Authors: Arthur-Aidoo, B.M. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Construction firms , Framework , Growth
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/85381 , uj:19338 , 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.
- Full Text: false
Organic growth of Small and Medium-Sized firms : perspective of Ghanaian Construction industry
- Arthur-Aidoo, B.M., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Authors: Arthur-Aidoo, B.M. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Construction , Growth , Organic
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/87788 , uj:19627 , 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
- Full Text:
- Authors: Arthur-Aidoo, B.M. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Construction , Growth , Organic
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/87788 , uj:19627 , 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
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