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Implementation of Strategic Management Practices in the Malaysian Construction Industry
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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.
Abu Hassan Abu Bakar - Personal Name
NONE
Implementation of Strategic Management Practices in the Malaysian Construction Industry
Strategic Management
English
2014
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