Conceptualizing growth of small and medium-size construction firms in Ghana

Abstract: The growth of small and medium-sized construction firms (SMEs) undoubtedly remains an important consideration within socio-economic activities in the Ghanaian economy. Literature has established both tangible and intangible benefits that emanate from the activities of construction SMEs within the sector. Further, literature has also not reached consensus on a unified definition of what firm's growth constitute. Firm's growth is rather considered from the perspective of both internal and external determinants which makes comprehending growth vague. This study, however, conceptualized the growth of Construction SMEs with details of firm's growth indicators. In order to establish the aim of the study, semi-structured interviews supplemented by a review of existing literature on firm's growth was adopted to drive similar and new constructs that have informed this study. The study provides a significant conclusion to the study which includes the main determinates of firm's growth such as the entrepreneurial feature of the firm characteristics and the business environment of the firm. Also captured in the conclusion are necessary growth barriers that must be controlled if growth within the construction SMEs in Ghana is to be achieved