Abstract
A high number of emerging construction companies in South Africa close down within the first three years of establishment. The construction industry plays a major role in the country's gross domestic product and closure of companies contribute to the increasing risk of high unemployment rate in South Africa. A comprehensive literature review identified eight factors which contribute to failure of emerging construction companies. Primary data was collected via a questionnaire which was distributed to owners and managers of emerging construction companies. The study reveals that a lack of financial management by leadership is the most prominent factor that leads to failure or success of companies.
| Original language | English |
|---|---|
| Pages (from-to) | 381-387 |
| Number of pages | 7 |
| Journal | Proceedings of the International Conference on Industrial Engineering and Operations Management |
| Volume | 2018 |
| Issue number | NOV |
| Publication status | Published - 2018 |
| Event | Proceedings of the International Conference on Industrial Engineering and Operations Management Pretoria, IEOM 2018 - Duration: 29 Oct 2018 → 1 Nov 2018 |
Keywords
- Construction
- Emerging companies
- Financial management
ASJC Scopus subject areas
- Strategy and Management
- Management Science and Operations Research
- Control and Systems Engineering
- Industrial and Manufacturing Engineering
