12/8/2022 0 Comments Skillclient 1.13.x free downloadThe boutique hotels in Istanbul have been able to create such positive guest experiences and charge much higher rates than industry average. Small hotels serving in the hospitality industry relatively have limited physical facilities and capacity, yet they are expected to compete with their branded and larger competitors offering various amenities in their facilities. Tourism in general and hospitality industry in particular are experience intensive services. Another emerging issue that determines the success of organizations is their ability to create positive experiences to their customers. The growing internet usage stemming from the development and enlargement of technology created a different communication platform between consumers and brands and user e-reviews on the internet became more important than ever. Keywords: Globalization, Malaysian Contractors, International Market, Reasons for Not Venturing The study has shown that the possibility for more Malaysian contractors to penetrate international market and recognized as global players are expected to be higher in the near future. Nevertheless, majority of the “Disinterested” contractors were found to be positive in reconsidering their decisions and willing to learn the proven strategies adopted by the successful Malaysian contractors overseas. It is identified that the most recognized anticipated factors for the reasons why Malaysian contractors were reluctant to venture in the international market were due to high political risk and inadequate financial resources. However, some of them who have shown interest preferred Asian region if they were to undertake any contracting opportunities. Preliminary results show that majority of local contractors were not interested in overseas business. The aim of this paper is to seek the response of Grade 7 and Class A, Malaysian contractors on their willingness to expand into overseas market. Therefore, it is timely for more local contractors to take brave steps to export their expertise beyond the Malaysian border to seize the opportunities in the global markets. According to Malaysian Construction Industry Development Board’s record recently, more than eighty (80) registered global contractors have marked their journey into the international market and majority of them have won civil engineering and building contracting activities in one or more countries. In recent years, Malaysian construction companies were increasingly involved with international engineering projects. Malaysia is developing to become one of the Asia Pacific region’s finest infrastructure and world class facilities construction service provider. Therefore, globalization of construction market does not only provide huge opportunities by opening up new market but also bring along challenges in the form competition. Globalization of construction industry in developing countries is very important for their socio-economic development.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |