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Some Strategic Management Practices among Small and Medium-Size Enterprises in Malaysia’s Construction Services Sector

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  • Elsadig Musa Ahmed

    ()
    (Department of Business and Law, Multimedia University Malaysia (MMU), 75450, Malacca, MALAYSIA)

  • Ahmad Zaki Bin Hj Ismail
  • Mohamed Ghazali Bin Omar

Abstract

Many unconventional management practices and styles have emerged which are being tested. They are, in alphabetical order, A (accounting, auditing and accountability); B (budgeting of time, financial and physical resources); C (communication, information and technology); D (development and research of products, markets and marketing techniques); E (environmental and ethical management policies); F (finance, funding and financial issues); G (globalisation, regionalisation, outsourcing and networking); H (honesty, honour, integrity and intrinsic values); I (Islamic, religious, faith-related and moral values); and J (justice, compassion and altruistic social values). From the study, it was observed that the “A”, “B”, “C” strategies and other intrinsic values of the entrepreneur and faith-related management options were most frequently adopted. These impact-giving sets of strategies may be chosen and developed into core and job competencies. Thus, the contractors may be re-classified into the respective capability and competency levels to match their jobs and vice versa. Seeking fortune through trade (of goods and/or services) or business is encouraged as a form of Ibadah with rewards for profits in this world and Falah (success). Religious practices are very advantageous in management.

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Bibliographic Info

Article provided by Advances in Management in its journal Advances in Management.

Volume (Year): 2 (2009)
Issue (Month): 7 (July)
Pages:

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Handle: RePEc:mgn:journl:v:2:y:2009:i:7:a:1

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