Dear Sam Suen
In construction business management, prioritize strategic planning, risk assessment, and efficient resource allocation. Emphasize project lifecycle understanding, integrating design, procurement, and construction phases. Foster effective communication to ensure collaboration among stakeholders. Implement sustainable practices and stay abreast of technological advancements. Embrace lean principles for streamlined operations and cost control. Continuously evaluate and adapt management strategies to address evolving industry trends and challenges. Ultimately, success lies in a holistic approach that balances financial considerations, regulatory compliance, and client satisfaction.
I hope this helps.
According to Lielgaidina, Laura, and Geispele, Ineta, among other several sources, the theoretical aspect of business management in construction involves several key concepts:
These theoretical aspects provide a foundation for understanding and managing dynamic project-based systems in construction. They are instrumental in predicting the performance and behavior of these systems.
It is advisable that you search for the subject theoretical aspect, following the steps listed hereunder:
1. Choose a number of peer-reviewed research papers related to your intended research, from Google Scholar, RG, SSRN or similar credible websites, not from non-credible sources.
2. Read these research papers and check for the research gaps from within such research. You may find these gaps under the subtitle: Future Research or similar subtitles.
3. Ensure that such gaps are not already covered by recent research. That is, for the gap that you want to cover, read to the last current research in this regard to make sure that no other author(s) already conducted such research.
4. Then, go ahead and start preparing for your research, preferably using the Literature Review Matrix where you put a table showing authors, title, objectives, research question(s), problem statement, variables, methodologies used, findings, etc. for each research paper selected. By the way, you may want to keep such relevant research papers to use them as references in your research.