Browsing by Author "Sitotaw, Bizuayehu"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Strategic Management Practices and its Challenges: The Case of Ethiopian Consulting Architects and Engineers Firms
    (Addis Ababa University, 2021-08) Sitotaw, Bizuayehu; workie, Bantie (PhD)
    The very objective of the research was to identify the level and the challenges of strategic management practice in the Ethiopian construction industry consulting firms. Literatures show that strategic management is an important approach for a long-term performance of an organization. It is beneficial in forming a sustainable business organization and advances professionalism if incorporated to the business following best practices. Qualitative approach was used for data gathering to enable the researcher collect an in depth thought of the participants. Qualitative data were collected from fourteen consulting office respondents having managerial or technical director position. The qualitative data analyzed thematically to draw results and conclusions. The key findings show that the practices of strategic management in consulting firms were not matured after tested according to the fundamental stages. The lack of knowledge and commitment was found the reason for consultants failing to embrace strategic management in their service provision in addition to the challenging market system due to the weak regulation of the industry. The recommendation forwarded both for consultants and regulatory body or policy makers. Consultants are recommended to raise the conception and application of strategic management and to assess their competitive advantage in the industry. Regulatory body or policy makers are also recommended to work to provide enabling market system that appreciates the application of strategic management practice