Strategies for international market expansion: Strength, Weakness, Opportunity and Threat (SWOT) attributes of Malaysian construction firms / Che Maznah Mat Isa, Hamidah Mohd Saman and Christopher Nigel Preece

Mat Isa, Che Maznah and Mohd Saman, Hamidah and Preece, Christopher Nigel (2014) Strategies for international market expansion: Strength, Weakness, Opportunity and Threat (SWOT) attributes of Malaysian construction firms / Che Maznah Mat Isa, Hamidah Mohd Saman and Christopher Nigel Preece. Jurnal Intelek, 9 (1). pp. 69-78. ISSN 2682-9223

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Abstract

The competitive and saturated construction industry has led many domestic firms to expand internationally. Therefore, in today’s global industry, the construction firms must adopt a superior and an effective strategy to endure the increasing dynamics and uncertainties in the foreign markets. In the early stage of strategic planning, one of the basic but important steps is the need for firms to identify their strength, weakness, opportunity and threat (SWOT) attributes before they expand internationally. The aim of this study is to identify the important SWOT attributes to help the firms to manage and ease the inherent complexities and difficulties within international market domain. Survey questionnaires were sent to 115 Malaysian construction firms listed under Construction Industry Development Board Malaysia 2013 record resulted in 48.7 percent response rate. The relative importance index (RII) was used to rank the SWOT attributes. The findings revealed the following highest ranking of SWOT attributes: the ability to produce good quality products/services (strength), lack of research and development (weakness), mergers (opportunity), and policies, laws and regulations of host country (threat). The correlation analysis reveals a strong positive relationship between the opportunity and the threat attributes which indicates that the abundant opportunities are also accompanied by the inherent threats in the international markets. Thus, this study illustrates the identification of the most significant SWOT attributes related to the firms’ international operations. It is hoped that the findings would offer valuable information and practical guidance to construction firms in their preparatory works to internationalize.

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Item Type: Article
Creators:
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Mat Isa, Che Maznah
UNSPECIFIED
Mohd Saman, Hamidah
UNSPECIFIED
Preece, Christopher Nigel
UNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Business analysts
H Social Sciences > HD Industries. Land use. Labor > Construction industry
Divisions: Universiti Teknologi MARA, Perlis > Arau Campus
Journal or Publication Title: Jurnal Intelek
UiTM Journal Collections: UiTM Journal > Jurnal Intelek (JI)
ISSN: 2682-9223
Volume: 9
Number: 1
Page Range: pp. 69-78
Official URL: https://jurnalintelek.uitm.edu.my/index.php/main
Item ID: 34559
Uncontrolled Keywords: Strength, Weakness, Opportunity, Threat, Malaysian construction firms, International market
URI: https://ir.uitm.edu.my/id/eprint/34559

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34559

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