Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia

The competitiveness of the construction industry is affected by the number of new entrants, the strength of rivals, clients' expectations and a firm's own resources. However, the country's economic situation also affects the stability of the industry, and thus its competitive stre...

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Main Authors: Abidin, Nazirah Zainul, Adros, Nur Azila, Hassan, Hasnanywati
Format: Article
Language:English
Published: Penerbit Universiti Sains Malaysia 2014
Subjects:
Online Access:http://eprints.usm.my/41762/
http://eprints.usm.my/41762/1/JCDC_19%282%29_2014-Art._2_%2815-32%29.pdf
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author Abidin, Nazirah Zainul
Adros, Nur Azila
Hassan, Hasnanywati
author_facet Abidin, Nazirah Zainul
Adros, Nur Azila
Hassan, Hasnanywati
author_sort Abidin, Nazirah Zainul
building USM Institutional Repository
collection Online Access
description The competitiveness of the construction industry is affected by the number of new entrants, the strength of rivals, clients' expectations and a firm's own resources. However, the country's economic situation also affects the stability of the industry, and thus its competitive strength. This research focuses on the adoption of competitive strategies within quantity surveying (QS) firms of varying sizes during a period of economic fluctuation in Malaysia. The success of any strategy adopted is determined by the performance of the firm. Through a survey, this study revealed that firm size did not have a major impact on the choice of competitive strategy during this economic situation. The QS firms preferred differentiation strategies, and growth strategies were less preferred. The firms created attractiveness in the services offered by expanding the range of services, improving reputation and securing existing clients. For small- and medium-sized firms, this strategy enabled them to achieve the highest business performance, a satisfactory number of clients, and for large-sized firms, the strategy provided positive improvement in the number of projects in hand.
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spelling usm-417622018-09-06T07:19:38Z http://eprints.usm.my/41762/ Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia Abidin, Nazirah Zainul Adros, Nur Azila Hassan, Hasnanywati TH1-9745 Building construction The competitiveness of the construction industry is affected by the number of new entrants, the strength of rivals, clients' expectations and a firm's own resources. However, the country's economic situation also affects the stability of the industry, and thus its competitive strength. This research focuses on the adoption of competitive strategies within quantity surveying (QS) firms of varying sizes during a period of economic fluctuation in Malaysia. The success of any strategy adopted is determined by the performance of the firm. Through a survey, this study revealed that firm size did not have a major impact on the choice of competitive strategy during this economic situation. The QS firms preferred differentiation strategies, and growth strategies were less preferred. The firms created attractiveness in the services offered by expanding the range of services, improving reputation and securing existing clients. For small- and medium-sized firms, this strategy enabled them to achieve the highest business performance, a satisfactory number of clients, and for large-sized firms, the strategy provided positive improvement in the number of projects in hand. Penerbit Universiti Sains Malaysia 2014 Article PeerReviewed application/pdf en http://eprints.usm.my/41762/1/JCDC_19%282%29_2014-Art._2_%2815-32%29.pdf Abidin, Nazirah Zainul and Adros, Nur Azila and Hassan, Hasnanywati (2014) Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia. Journal of Construction in Developing Countries , 19 (2). pp. 15-32. ISSN 1823-6499 http://web.usm.my/jcdc/vol19_2_2014/JCDC%2019(2)%202014-Art.%202%20(15-32).pdf
spellingShingle TH1-9745 Building construction
Abidin, Nazirah Zainul
Adros, Nur Azila
Hassan, Hasnanywati
Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia
title Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia
title_full Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia
title_fullStr Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia
title_full_unstemmed Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia
title_short Competitive Strategy And Performance Of Quantity Surveying Firms In Malaysia
title_sort competitive strategy and performance of quantity surveying firms in malaysia
topic TH1-9745 Building construction
url http://eprints.usm.my/41762/
http://eprints.usm.my/41762/
http://eprints.usm.my/41762/1/JCDC_19%282%29_2014-Art._2_%2815-32%29.pdf