Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia

Rapid change in the global marketplace offers formidable challenges to firms in the construction industry. These firms need to apply competitive strategies appropriate to their objectives to keep an edge over the competition. By offering professional service in the industry, quantity surveying...

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Main Author: Adros, Nur Azila
Format: Thesis
Language:English
Published: 2013
Subjects:
Online Access:http://eprints.usm.my/45175/
http://eprints.usm.my/45175/1/Nur%20Azila%20Binti%20Adros24.pdf
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author Adros, Nur Azila
author_facet Adros, Nur Azila
author_sort Adros, Nur Azila
building USM Institutional Repository
collection Online Access
description Rapid change in the global marketplace offers formidable challenges to firms in the construction industry. These firms need to apply competitive strategies appropriate to their objectives to keep an edge over the competition. By offering professional service in the industry, quantity surveying (QS) firms are different from product-based industries in terms of services provided, relationship between firm-client, and competitive style with existing and new firms. Four common types of competitive strategies exist in the industry: cost-leadership, focus, differentiation, and growth strategies. Selecting the most appropriate competitive strategy to remain resilient in the industry is essential for QS firms. The success of any strategy adopted is determined by the performance of the firm. This research aims to investigate the application of competitive strategies of QS firms by studying the strategies applied by these firms during the economic turbulence period (2006 to 2010). First, this research identifies the strategy adopted within five years, that is, from 2006 to 2010. Second, it identifies the competitive strategies applied by QS firms based on their sizes. Finally, it examines the business performance of QS firms. A survey has been conducted among QS firms located in Kuala Lumpur and Selangor, and the response rate is 48%. The data gathered is analysed using descriptive analysis. The finding for the first objective reveals that differentiation strategy is the most preferred competitive strategy, whereas growth strategy is the least preferred. For the second objective, the finding indicates that differentiation strategy is the most applied competitive strategy among small, medium-sized, and large firms. Under differentiation strategy, ‘branding strategies’ is the most important competitive element for all firm sizes.
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spelling usm-451752019-08-02T08:39:46Z http://eprints.usm.my/45175/ Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia Adros, Nur Azila LC5800-5808 Distance education. Rapid change in the global marketplace offers formidable challenges to firms in the construction industry. These firms need to apply competitive strategies appropriate to their objectives to keep an edge over the competition. By offering professional service in the industry, quantity surveying (QS) firms are different from product-based industries in terms of services provided, relationship between firm-client, and competitive style with existing and new firms. Four common types of competitive strategies exist in the industry: cost-leadership, focus, differentiation, and growth strategies. Selecting the most appropriate competitive strategy to remain resilient in the industry is essential for QS firms. The success of any strategy adopted is determined by the performance of the firm. This research aims to investigate the application of competitive strategies of QS firms by studying the strategies applied by these firms during the economic turbulence period (2006 to 2010). First, this research identifies the strategy adopted within five years, that is, from 2006 to 2010. Second, it identifies the competitive strategies applied by QS firms based on their sizes. Finally, it examines the business performance of QS firms. A survey has been conducted among QS firms located in Kuala Lumpur and Selangor, and the response rate is 48%. The data gathered is analysed using descriptive analysis. The finding for the first objective reveals that differentiation strategy is the most preferred competitive strategy, whereas growth strategy is the least preferred. For the second objective, the finding indicates that differentiation strategy is the most applied competitive strategy among small, medium-sized, and large firms. Under differentiation strategy, ‘branding strategies’ is the most important competitive element for all firm sizes. 2013-07 Thesis NonPeerReviewed application/pdf en http://eprints.usm.my/45175/1/Nur%20Azila%20Binti%20Adros24.pdf Adros, Nur Azila (2013) Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia. Masters thesis, Universiti Sains Malaysia.
spellingShingle LC5800-5808 Distance education.
Adros, Nur Azila
Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia
title Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia
title_full Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia
title_fullStr Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia
title_full_unstemmed Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia
title_short Competitive Strategies In Quantity Surveying (Qs) Firms During The Economic Turbulence Period (2006-2010) In Malaysia
title_sort competitive strategies in quantity surveying (qs) firms during the economic turbulence period (2006-2010) in malaysia
topic LC5800-5808 Distance education.
url http://eprints.usm.my/45175/
http://eprints.usm.my/45175/1/Nur%20Azila%20Binti%20Adros24.pdf