Implementation of strategic management practices in the Malaysian construction industry

Artikel

Strategic Management is a concept that concerns with making decisions and taking corrective actions to achieve long term targets and goals of an organization. The importance of strategic management in a firm can be answered by analyzing relationship between strategic management and organizational performance. Generally strategic management practices can improve efficiency in various organizations. The objective of this paper is to study the practice of strategic management in construction companies in Malaysia. Questionnaires were distributed to 300 large construction companies listed under G7 groups classified by Construction Industry Development Board (CIDB). The response rate of the survey is 26% or that 78 construction companies replied. The findings of the research showed that most of the firms practicing strategic management have a clear objective, a winning strategy to achieve the objective and a sound mission statement to guide the organization towards success.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Pakistan Journal of Commerce and Social Sciences (PJCSS) ; ISSN: 2309-8619 ; Volume: 5 ; Year: 2011 ; Issue: 1 ; Pages: 140-154 ; Lahore: Johar Education Society, Pakistan (JESPK)

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Construction Companies ; Construction Industry ; Malaysia ; Performance ; Strategic Management ; Strategisches Management ; Organisatorischer Wandel ; Bauwirtschaft ; Malaysia

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bakar, Abu Hassan Abu ; Muhammad Asim Tufail ; Mohamad Nizam Yusof Muhammad Asim Tufail ; Virgiyanti, Wiwied
• Ereignis: Veröffentlichung
• (wer): Johar Education Society, Pakistan (JESPK)
• (wo): Lahore
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/188020
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ