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Business success and psychological traits of housing developers

Author(s):


Medium: journal article
Language(s): English
Published in: Australasian Journal of Construction Economics and Building, , n. 2, v. 14
Page(s): 57-72
DOI: 10.5130/ajceb.v14i2.3789
Abstract:

Although the issues on entrepreneurship in the real estate industry are disparaging and have received little interest from global researchers, the significant roles played by the industry players warrant further investigation. The personal traits of the owners/managers are deemed to be the key factors to the business success of housing development firms. This paper examined the main determinants of successful business in the housing development sector under the lens of psychological traits of the owners/managers. To identify the success factors of housing development firms, interviews were conducted on 10 housing developers in Peninsular Malaysia. The study shows the significant psychological traits that distinguish the business success of housing developers compared with those in the existing literature. These factors are (1) high confidence and ambition, (2) vision and foresight, (3) industriousness, (4) perseverance and (5) integrity. As housing development is a risky industry, developers can use these findings as a guideline in managing their business toward superior performance.

Structurae cannot make the full text of this publication available at this time. The full text can be accessed through the publisher via the DOI: 10.5130/ajceb.v14i2.3789.
  • About this
    data sheet
  • Reference-ID
    10338611
  • Published on:
    05/08/2019
  • Last updated on:
    05/08/2019