Critical success factors for competitiveness of construction companies: A critical review

• Main Authors: Hanafi, Abdul Ghafur, Mohd Nawi, Mohd Nasrun
• Format: Conference or Workshop Item
• Published: 2016
• Subjects: HD28 Management. Industrial Management; TH Building construction
• Online Access: http://repo.uum.edu.my/19482/; http://doi.org/10.1063/1.4960882

Making progress basically, a fundamental issue for the construction companies to get by in a highly competitive industry.From time to time, industry players are facing stiff and tough competition due to large number of players, whether existing or new players involved from various background and track record.Furthermore, the large numbers of component deciding the competitiveness of contractors, whose organization structures and governance have turned out to be more muddled. Different construction companies have their own unique criteria which may differ from one to another.The enormous amount of issues needs to bring down to manageable numbers so that measures can be identified and scrutinized to enhance competitiveness.This paper discusses the result from the critical investigation from past studies in the Asian countries, namely China, India, Thailand, Singapore and Malaysia. Several fundamental factors have been identified as CSFs in construction companies in respective country. Also highlighted a critical survey based upon various literatures written on this subject where critical success factors (CSFs) as a yardstick to gauge the relationship among CSFs in various construction companies in the Asian region. Far reaching estimation of an organization’s performance and resulting input to its supervision is crucial for business change.Estimation additionally empowers organizations to be contrasted from one another on the premise of institutionalized data, permitting best practices to be distinguished and connected more widely. Different countries have their own set of critical success factors (CSFs) which may differ in term of priority and at the same time share common elements of success factor in accomplishment as a construction companies.The study, which is exploratory in nature, embraced the content investigation and inductive technique to accomplish its objectives.