Causes And Effects Of Project Abandonment Among Small And Medium Enterprises In The Construction Industry: Evidence From The Upper East Region Of Ghana
Director, Institute of Research ,
Innovation and Development,
Department of Entrepreneurship & Finance,
Department of Mathematics,Kumasi polytechnic
The rate at which entrepreneurs abandon their projects midstream has become a matter of concern and consequently this research was done to find the causes and effects. The study employed a qualitative approach in the conduct of the research. A purposive sampling procedure was used in the selection of some key officers from 20 distinguished SMEs in the Upper East region. A very simplified questionnaire was sent to about 170 respondents and this was significant in identifying other factors apart from those identified by the literature search as causative agents. The Relative Important Index (RII) was used in ranking all the factors according to their likelihood of influencing project abandonment. The study further segregated into factor groups, those that could be controlled by the entrepreneur and those that cannot. For each of the two groups, the logistic regression model was used to determine how significant each factor could influence causing abandonment. The study recommended that contractors must be selected based on their ability to implement and control projects successfully, stakeholders must be co-opted erratically to pave way for reliable information.
Keywords: Project abandonment, Small and Medium Enterprises (SMEs), Construction Industry
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