Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/4559
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dc.contributor.authorRambaruth, Amiten_US
dc.contributor.authorAdam, Jamila Khatoonen_US
dc.contributor.authorKrishna, Suresh Babu Naiduen_US
dc.date.accessioned2023-01-13T08:44:31Z-
dc.date.available2023-01-13T08:44:31Z-
dc.date.issued2022-
dc.identifier.citationRambaruth, A., Adam, J.K. and Krishna, S.B.N. 2022. Contributing elements and issues to strategic management in the construction industry among small and medium enterprises : a case study in South Africa's eThekwini region. Journal of Construction Business and Management. 5(2): 20-28. doi:10.15641/jcbm.5.2.1235en_US
dc.identifier.issn2521-0165 (Online)-
dc.identifier.urihttps://hdl.handle.net/10321/4559-
dc.description.abstractSmall and medium-sized enterprises (SMEs) are vital to the economy and have helped it grow, but they still have a high failure rate. Many businesses fail within the first few months of operation due to a lack of strategic planning. This study aimed to identify persuading factors that contribute to strategic management to improve performance and categorise challenges faced by SMEs in implementing a strategic plan in the eThekwini region of South Africa. The study adopted a quantitative research approach, and the population of interest for the research includes small and medium construction companies, which were sourced via the Construction Industry Development Board (cidb) registry. An online survey tool was used to distribute the questionnaire to 145 small and medium businesses. The data were analysed using descriptive and inferential statistical tools and exploratory factor analysis (EFA). The study's findings reveal that most eThekwini-based SMEs in the construction industry use strategic management practices to improve their business performance. The key factors for strategic management in SMEs, such as improving decision-making processes, increasing productivity, and gaining a competitive advantage, demonstrated high levels of agreement among participants regarding improving business performance. This study also found widespread agreement on the challenges of implementing a strategic plan in an organisation. Therefore, small and medium-sized enterprises (SMEs) must develop procedures and policies to deal with the difficulties that arise when drafting a strategic plan. This will ensure that strategic planning works in their operations. This can be accomplished by implementing strategic management into SMEs training programs offered by government and tertiary institutions that support SMEs. The government should also improve education and broaden its business skills curriculum. Keywords: Business, Construction, Performance, Planning, Strategy, South Africa.</jats:p>en_US
dc.format.extent9 pen_US
dc.language.isoenen_US
dc.publisherUniversity of Cape Townen_US
dc.relation.ispartofJournal of Construction Business and Management; Vol. 5, Issue 2en_US
dc.subjectBusinessen_US
dc.subjectConstructionen_US
dc.subjectPerformanceen_US
dc.subjectPlanningen_US
dc.subjectStrategyen_US
dc.subjectSouth Africaen_US
dc.titleContributing elements and issues to strategic management in the construction industry among small and medium enterprises : a case study in South Africa's eThekwini regionen_US
dc.typeArticleen_US
dc.date.updated2022-12-30T09:59:02Z-
dc.identifier.doi10.15641/jcbm.5.2.1235-
local.sdgSDG04-
local.sdgSDG09-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextopen-
item.cerifentitytypePublications-
item.languageiso639-1en-
item.fulltextWith Fulltext-
Appears in Collections:Research Publications (Management Sciences)
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