-
Assessment Of The Survival Practices Of Quantity Surveying Firms In A Recessed Economy
CHAPTER ONE -- [Total Page(s) 4]
Page 4 of 4
-
-
-
1.4 Research Questions
The following Research Questions were formulated to guide the study:
•
What are the survival strategies available for Quantity Surveying Firms
in a recessed economy in Imo State?
• What is the level of adoption of these survival strategies by Quantity Surveying Firms in Imo State?
• What is the impact of these survival practices on the survival of Quantity Surveying Firms in Imo State?
1.5 Research Hypotheses
The hypotheses set for this research are as follows:
(1)
Ho: There is no significant difference in the view of the various
categories of Quantity Surveyors as to the survival strategies available
for Quantity Surveying Firms in Imo State.
HA: There is a
significant difference in the view of the various categories of Quantity
Surveyors as to the survival strategies available for Quantity
Surveying Firms in Imo State.
(2) Ho: There is no significant
difference in the view of the various categories of Quantity Surveyors
as to the level of adoption of various survival strategies by Quantity
Surveying Firms in Imo State.
HA: There is a significant difference
in the view of the various categories of Quantity Surveyors as to the
level of adoption of various survival strategies by Quantity Surveying
Firms in Imo State.
(3) Ho: There is no significant difference in the
view of the various categories of Quantity Surveyors as to the impact
of the various survival strategies on the survival of Quantity Surveying
Firms in Imo State.
HA: There is a significant difference in the
view of the various categories of Quantity Surveyors as to the impact of
the various survival strategies on the survival of Quantity Surveying
Firms in Imo State
1.6 Significance of the Study
Several
researches have been conducted on survival practices within and outside
the construction industry (Ajayi, Pearce and Mafimidiwo, 2012; Madhoushi
and Ghaedi 2013; Ogbu, 2017; etc.). Ayopo (2011) revealed that firm
location is related to firm survival, for firms in different sectors of
the Nigerian economies, respectively. Ajayi et al., (2012) sought the
opinion of construction professionals on the survival practices of
construction firms in Lagos, Nigeria. Furthermore, Ogbu (2017) focused
on the opinion of indigenous construction firms. This was done out of
the assumption that as business entities, indigenous construction firms
are affected by the dynamics of the economic environment; therefore,
they deploy survival practices in order to survive.
While several
studies on survival in the construction industry are available, not much
has surfaced on the survival practices of Quantity surveying firms in
Nigeria. This gap is what this research sets out to fill. With this
economic downturn, Quantity surveying firms will need to develop new
survival strategies to help the stay afloat and survive this recession
period. Thus, assessing these survival practices of Quantity surveying
firms will go a long way in assisting the management of these firms in
making critical decisions that will help in the survival of the present
recession within the country. This study will enable Quantity Surveyors
within the country as it hopes to bring to light other possible areas of
diversification that will help them survive in terms of recession.
1.7 Scope of Study
This
research sets out to assess the survival practices of Quantity
Surveying Firms in a recessed economy. The research shall be restricted
to Quantity Surveying Firms in Imo State Nigeria. Although this research
sets out to assess the survival practices of Quantity Surveying Firms
in a recessed economy, as a result of limited available finance for the
execution of this project, coupled with the associated time constraints,
using every single Quantity Surveying Firm within the country will
prove impossible.
CHAPTER ONE -- [Total Page(s) 4]
Page 4 of 4
-
