IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA
The Construction Industry Development Board (cidb) register of contractors shows that small and medium sized enterprises (SMEs) outnumber established firms in South Africa. However, the failure rate of SME businesses, which has increased in recent years, constitutes a source of concern in the indus...
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| Format: | Article |
| Language: | English |
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UJ Press
2016-12-01
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| Series: | Journal of Construction Project Management and Innovation |
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| Online Access: | https://journals.uj.ac.za/index.php/JCPMI/article/view/105 |
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| author | L WENTZEL John SMALLWOOD Fidelise EMUZE |
| author_facet | L WENTZEL John SMALLWOOD Fidelise EMUZE |
| author_sort | L WENTZEL |
| collection | DOAJ |
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The Construction Industry Development Board (cidb) register of contractors shows that small and medium sized enterprises (SMEs) outnumber established firms in South Africa. However, the failure rate of SME businesses, which has increased in recent years, constitutes a source of concern in the industry. This situation is reflected in the limited number of successful construction SMEs as a percentage of the total registered firms in the industry. The research design for the study reported on entailed semi-structured and unstructured interviews, which were conducted over an extensive period of time to gather sufficient information from the research participants. However, the preliminary findings that form the nexus of this paper are based on the reviewed literature, and a pilot study that was conducted among a purposive sample of construction SMEs - Grades 1 to 5 on the cidb register. It is notable that the initial findings suggest that construction SMEs often encounter difficulty in securing projects, fail to realise core organisational objectives and goals, and are unable to gain cost advantages over their immediate rivals, which affects their business performance. Thus it appears that more effort is required to improve the business performance of construction SMEs in South Africa.
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| format | Article |
| id | doaj-art-e3647352f56c44f28f96f7d4975b3fa5 |
| institution | Kabale University |
| issn | 2223-7852 2959-9652 |
| language | English |
| publishDate | 2016-12-01 |
| publisher | UJ Press |
| record_format | Article |
| series | Journal of Construction Project Management and Innovation |
| spelling | doaj-art-e3647352f56c44f28f96f7d4975b3fa52025-01-08T06:12:32ZengUJ PressJournal of Construction Project Management and Innovation2223-78522959-96522016-12-016210.36615/jcpmi.v6i2.105IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICAL WENTZEL0John SMALLWOOD1Fidelise EMUZE2Department of Construction Management, Nelson Mandela Metropolitan University, Port Elizabeth, South AfricaDepartment of Construction Management, Nelson Mandela Metropolitan University, Port Elizabeth, South AfricaDepartment of Built Environment, Central University of Technology, Free State, South Africa The Construction Industry Development Board (cidb) register of contractors shows that small and medium sized enterprises (SMEs) outnumber established firms in South Africa. However, the failure rate of SME businesses, which has increased in recent years, constitutes a source of concern in the industry. This situation is reflected in the limited number of successful construction SMEs as a percentage of the total registered firms in the industry. The research design for the study reported on entailed semi-structured and unstructured interviews, which were conducted over an extensive period of time to gather sufficient information from the research participants. However, the preliminary findings that form the nexus of this paper are based on the reviewed literature, and a pilot study that was conducted among a purposive sample of construction SMEs - Grades 1 to 5 on the cidb register. It is notable that the initial findings suggest that construction SMEs often encounter difficulty in securing projects, fail to realise core organisational objectives and goals, and are unable to gain cost advantages over their immediate rivals, which affects their business performance. Thus it appears that more effort is required to improve the business performance of construction SMEs in South Africa. https://journals.uj.ac.za/index.php/JCPMI/article/view/105Construction Industry, Historically Disadvantaged Individuals (HDIs), Small and Medium Size Enterprises (SMEs), South Africa |
| spellingShingle | L WENTZEL John SMALLWOOD Fidelise EMUZE IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA Journal of Construction Project Management and Innovation Construction Industry, Historically Disadvantaged Individuals (HDIs), Small and Medium Size Enterprises (SMEs), South Africa |
| title | IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA |
| title_full | IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA |
| title_fullStr | IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA |
| title_full_unstemmed | IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA |
| title_short | IMPROVING THE BUSINESS TRAJECTORY AMONG SMALL AND MEDIUM SIZE CONSTRUCTION FIRMS IN SOUTH AFRICA |
| title_sort | improving the business trajectory among small and medium size construction firms in south africa |
| topic | Construction Industry, Historically Disadvantaged Individuals (HDIs), Small and Medium Size Enterprises (SMEs), South Africa |
| url | https://journals.uj.ac.za/index.php/JCPMI/article/view/105 |
| work_keys_str_mv | AT lwentzel improvingthebusinesstrajectoryamongsmallandmediumsizeconstructionfirmsinsouthafrica AT johnsmallwood improvingthebusinesstrajectoryamongsmallandmediumsizeconstructionfirmsinsouthafrica AT fideliseemuze improvingthebusinesstrajectoryamongsmallandmediumsizeconstructionfirmsinsouthafrica |