Nine factors for competitiveness of construction companies in Asian region

Indisputable and has been proven in numerous academic studies before that that the construction industry plays a major role along with the other sectors in the sustainable development of a country.The role of a construction company which is governed by both the prudent management and the success of a construction project in a country are very important. This can be viewed and examined in depth about the effectiveness in the success criteria of a project managed by the continuity of a construction company.Ensuring the existence of an organization in an industry is an important factor in this challenging market.This is no exception in the construction sector where competition is a fundamental issue to every construction companies. Making progress is basically, a vigorous question for the construction companies‟ top management to ask to themselve regularly.From time to time, industry players are facing stiff and tough competition due to large number of players, whether existing or new players involved from various background and track record. Furthermore, the large numbers of component deciding the competitiveness of contractors, whose organization structures and governance have turned out to be more muddled. Different construction companies have their own unique criteria which may differ from one to another.The enormous amount of issues needs to bring down to manageable numbers so that measures can be identified and scrutinized to enhance competitiveness.This paper discusses the result from the critical investigation of secondary data from past studies in the Asian countries, namely China, India, Pakistan, Thailand, Singapore, Vietnam and Malaysia.Several fundamental factors have been identified as CSFs in construction companies in respective country. Also highlighted a critical survey based upon various literatures written on this subject where critical success factors (CSFs) as yardsticks to gauge the factors influencing the construction company survive in the industry for a number period of time as well as the relationship among CSFs in various construction companies in different country in the Asian region. Far reaching estimation of an organization's performance and resulting input to its supervision is crucial for business change.Estimation additionally empowers organizations to be contrasted from one another on the premise of institutionalized data, permitting best practices to be distinguished and connected more widely. Different countries have their own set of critical success factors (CSFs) which may differ in term of priority and at the same time share common elements of success factor in accomplishment as a construction companies.The study, which is exploratory in nature, embraced the content and literature investigation and inductive technique to accomplish its objectives.