Decision-making practices of construction firms in Accra Ghana
Loading...
Date
2021-07-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Decision-making is critical in any industry and the construction industry is not exempt from this,
since the construction process requires many decisions to be made. In terms of strategic decision
as well, these companies need to make them so that they can remain competitive in the industry.
Therefore, this study was to determine the decision-making practices of construction firms in
Ghana, and the objectives included identifying the decisions making practices and the factors,
which influenced these decision-making practices. Identifying these would help in proffering
recommendations for the best practices in decision-making. Previous works were reviewed to help
establish gaps in the area of decision-making. The research relied on a quantitative strategy that
allowed for the use of questionnaires to elicit data from respondents made up of building
contractors and other construction professionals from firms within the industry using the census
sampling. Based on the analysis of the data that is the use of mean score ranking it was revealed
that the characteristics of strategic decision-making associated with construction firms focused on
their long term organizational objectives and projects, management of firm resources and
maintaining their competitive advantage. Their decision-making processes were influenced by
certain internal and external factors, and the most significant among them included their
implementation plans, past decisions and cognitive biases. It was recommended that decisionmaking processes should be collective, and that there be relevant training for the managers who
have to make such strategic decisions for the construction firms. The firms should also have regular
internal training for all personnel to aid them in making these strategic decisions and also adhering
to them so they can be achieved
Description
A thesis submitted to the Department of Construction Technology and Management, College of Art and Built Environment, in partial fulfillment of the requirement for the Degree of Master of Science.
Keywords
Decision-Making, Construction firms, Strategic decision, Training, Ghana