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Cuervo, J C and Low, S P (2005) Significance of internalization factors for Singapore transnational construction corporations. Construction Management and Economics, 23(02), 147-62.

Dansoh, A (2005) Strategic planning practice of construction firms in Ghana. Construction Management and Economics, 23(02), 163-–8.

  • Type: Journal Article
  • Keywords: Strategic planning; construction; management; environment
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619042000241435
  • Abstract:

    In Ghana, the operating environment for construction firms is constantly changing in the face of a volatile economic environment, shifting political climate and a highly competitive market. Confronted with such instability, companies need strategic planning to combat the threat to their survival. A survey was conducted to determine how widespread strategic planning is used as a management tool by contractors in Ghana. Construction firms with classification A1B1, A2B2, D1 and D2 were used in the survey. Only 8.5% of D2 firms use strategic planning. The other firms have a combined average of 86.7%. Civil engineering contractors are far ahead of the building contractors in the practice of strategic planning. Strategic plans are drawn to cover an average of three years. There is an urgent need for contractors in the D2 class to be encouraged to seek insight into strategic planning and employ the technique to enhance their chances of surviving risks in the business environment.

Glass, J (2005) A best practice process model for hybrid concrete construction. Construction Management and Economics, 23(02), 169-84.

Hosein, R and Lewis, T M (2005) Quantifying the relationship between aggregate GDP and construction value added in a small petroleum rich economy � a case study of Trinidad and Tobago. Construction Management and Economics, 23(02), 185-97.

Islam, M D M and Faniran, O O (2005) Structural equation model of project planning effectiveness. Construction Management and Economics, 23(02), 215-23.

Lam, K C, Tang, C M and Lee, W C (2005) Application of the entropy technique and genetic algorithms to construction site layout planning of medium-size projects. Construction Management and Economics, 23(02), 127-45.

Wang, W-C and Dzeng, R-J (2005) Applying cluster identification algorithm and simulation to generate probabilistic network schedules for design projects. Construction Management and Economics, 23(02), 199-213.