A critical review of internal factors impacting the growth of construction firms

Rayner Florincius F. Majaham and Muzani Mustapa and Nur Fadilah Darmansah (2024) A critical review of internal factors impacting the growth of construction firms. International Journal of Research and Innovation in Social Science, 8. pp. 1501-1513. ISSN 2454-6186

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Abstract

The construction sector is a crucial catalyst for economic expansion, delivering vital infrastructure, housing, and job opportunities. Construction organizations encounter a multifaceted set of issues that affect their growth potential, including financial management, project management proficiency, human resource strategies, and external market conditions. This study offers a critical analysis of the principal elements influencing the growth of construction firms, integrating contemporary research and industry perspectives to assess internal determinants of business success. The theme and trends method using in this study to identify factors impacting the growth of construction firms. Despite the recognition of effective financial management as a fundamental factor in success, many organisations struggle with cash flow stability and cost control. Human resource management is essential for efficiency and project quality; yet, the industry encounters considerable workforce problems, including high turnover rates and talent shortages. Proficiencies in project management, especially in planning, scheduling, and risk management, are essential for timely and budget-compliant project delivery, thereby augmenting client trust and gaining a competitive edge. This study identifies essential constraints and drivers, offering practical insights to assist construction firms in enhancing resilience and strategic adaptation and thus fostering long-term industry success. The findings of this study showing that six elements in internal factors impacting the growth of construction firms are financial management, project management capabilities human resource management, technology and innovation, organizational structure and leadership and lastly is risk management

Item Type:	Article
Keyword:	Internal Factors, Growth, Construction Firms
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28-9999 Industries. Land use. Labor > HD9000-9999 Special industries and trades > HD9715-9717.5 Construction industry T Technology > TH Building construction > TH1-9745 Building construction > TH4021-4977 Buildings: Construction with reference to use Including public buildings, dwellings
Department:	FACULTY > Faculty of Engineering
Depositing User:	SITI AZIZAH BINTI IDRIS -
Date Deposited:	10 Jun 2025 11:27
Last Modified:	10 Jun 2025 11:27
URI:	https://eprints.ums.edu.my/id/eprint/43970

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