ISSN 2394-5125
 

Research Article 


CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION

I. C. ANUGWO, W.M. SHAKANTU.

Abstract
In the South African construction industry, about 80% of the SMEs among the civil engineering
and general building contractors are prone to prematurely exit the market within their first five years of business
operation. The issues Small and Medium Enterprises (SMEs) survival, growth, and economic sustainability are
of paramount importance for the South African economy and its global competitiveness. Especially, the
economic sustainability of the construction industry as it is a catalyst for economic growth and development of
many countries. The study strived to investigate and gain an in-depth understanding of the actual “in-process”
operational element among the SMEs (civil engineering and general building contractors) in the South African
construction industry. This study critically analysed and uncovered the prime strategic drivers that foster the
contractors‟ survival and economic sustainability in the South African construction industry. The study is
qualitative in nature and adopted an in-depth interview method rooted in a phenomenological approach. The
research purposively interviewed Thirty-four (34) SME contractors out of seventy-four (74) total research
population. Research findings in the context of South African market indicated that core business competence
such as the engineering capital, business owners‟ industrial and educational experience, and entrepreneurship
skills; the capability to effectively manage business structure and resources are primal strategic elements that
contributes towards growing a sustainable business. The study concluded that prime strategic drivers such as the
firm‟s effective structure, strong competence, and resource-base are necessary and essential for SME
contractors‟ business survival and competitiveness in the South African construction.

Key words: Business survival, construction, economic sustainability, SME contractors, strategy, South Africa


 
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Pubmed Style

I. C. ANUGWO, W.M. SHAKANTU. CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. JCR. 2020; 7(19): 1930-1942. doi:10.31838/jcr.07.19.235


Web Style

I. C. ANUGWO, W.M. SHAKANTU. CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. http://www.jcreview.com/?mno=108229 [Access: July 22, 2020]. doi:10.31838/jcr.07.19.235


AMA (American Medical Association) Style

I. C. ANUGWO, W.M. SHAKANTU. CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. JCR. 2020; 7(19): 1930-1942. doi:10.31838/jcr.07.19.235



Vancouver/ICMJE Style

I. C. ANUGWO, W.M. SHAKANTU. CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. JCR. (2020), [cited July 22, 2020]; 7(19): 1930-1942. doi:10.31838/jcr.07.19.235



Harvard Style

I. C. ANUGWO, W.M. SHAKANTU (2020) CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. JCR, 7 (19), 1930-1942. doi:10.31838/jcr.07.19.235



Turabian Style

I. C. ANUGWO, W.M. SHAKANTU. 2020. CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. Journal of Critical Reviews, 7 (19), 1930-1942. doi:10.31838/jcr.07.19.235



Chicago Style

I. C. ANUGWO, W.M. SHAKANTU. "CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION." Journal of Critical Reviews 7 (2020), 1930-1942. doi:10.31838/jcr.07.19.235



MLA (The Modern Language Association) Style

I. C. ANUGWO, W.M. SHAKANTU. "CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION." Journal of Critical Reviews 7.19 (2020), 1930-1942. Print. doi:10.31838/jcr.07.19.235



APA (American Psychological Association) Style

I. C. ANUGWO, W.M. SHAKANTU (2020) CRITICAL REVIEW ON SME CONTRACTORS’ CAPABILITY TO ACHIEVE ECONOMIC SUSTAINABILITY BEYOND THEIR FIRST FIVE YEARS IN THE SOUTH AFRICAN CONSTRUCTION. Journal of Critical Reviews, 7 (19), 1930-1942. doi:10.31838/jcr.07.19.235





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