Training New Housing Entrepreneurs — A Malaysian Scenario

Jaafar, Mastura; Bakar, Syed Putra Syed Abu; Daud, Wan Mohd DzulkifliWan

doi:10.5772/58943

Cited by 2 publications

(6 citation statements)

References 27 publications

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“…Lee and Ng (1996) add that, through up-to-date-information on homebuyers’ preferences, business success of housing developers can be achieved. Tapping the exact segment of the housing market warrants housing developers to study consumer’s preferences and tastes via feasibility research and use of a scientific approach (Jaafar et al , 2015; Miles et al , 2000; Rotimi et al , 2015). The findings will be useful for improving the design and development of future housing projects while implicitly providing competitive advantage in today’s property market environment.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Similar to the UK (Archer and Cole, 2014; Golland and Boelhouwer, 2002; McAllister et al , 2016; Soetanto and Pan, 2009), private housing developers in Malaysia are responsible for seeking and securing their own lands for homebuilding activities. Land in Malaysia is a state matter, whereby supply for housing falls under the jurisdiction of local authorities of the particular state (Jaafar et al , 2015). More often than not, private housing actors also need to negotiate with landowners to acquire strategic land for future development.…”

Section: Introductionmentioning

confidence: 99%

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Achieving business success through land banking and market analysis

Bakar

Jaafar

2018

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Purpose The purpose of this paper is to examine the effects of land banking strategy and market analysis towards the performance of Malaysian housing developers. Design/methodology/approach Through in-depth interviews, participants shared their opinions on success factors of housing development firms with a focus on land banking and market study. Content analysis was performed on the data, identifying the connection between both strategies and their superior performance. Findings The study presents interesting findings in that it lends support to the existing literature as such land banking and market analysis do affect the business competitiveness of housing developers. Albeit subjective in nature, the comments received from respondents are revelatory and have implications for the level of performance perceived by the organisations, as well as the experience of housing entrepreneurs in assembling the land bank and gauging the housing market. Practical implications Though not a substitute for quantitative problem solving, this piece of work serves as a corroborative evidence to improve the satisfaction of homebuyers, industry players and policymakers. The paper ends by recommending that the study be repeated in Malaysia, this time with the involvement of other stakeholders, to enrich the findings. Originality/value To the best of authors’ knowledge, this is the first research performed in the Malaysian context in which the strategies of private housing developers comprising land banking and market analysis were explored in relation to business success. Hence, the present study not only contributes to the existing property literature, but also makes an important contribution to the business performance and firm competitiveness in the lens of Malaysian entrepreneurs.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Achieving business success through land banking and market analysis

Bakar

Jaafar

2018

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“…The necessity of learning in entrepreneurship was highlighted by many global researchers (Jaafar et al, 2015;Jiao et al, 2010;Juhdi et al, 2015), as one of the most important skills to be mastered by businesspersons. In actual fact, learning entails a threepronged process of acquiring, retrieving and modifying knowledge through diverse channels for the sake of achieving new life paradigm.…”

Section: Introductionmentioning

confidence: 99%

“…Within the scope of property development, for example, Banomyong and Supatn (2013) contend that housing developers should possess know-how and know-who capabilities to stay competitive. Such knowledge could be attained by attending related courses of business and industry (Jaafar et al, 2014(Jaafar et al, , 2015. Participating in educational programs will not only enhance the networking skills, but would further infuse first-hand knowledge of how this emerging industry works (Jaafar and Ali, 2011).…”

Section: Introductionmentioning

confidence: 99%

“…Because the Malaysian population is steadily increasing, Jaafar et al (2010) anticipate a constant rise of housing demand that may subsequently inspire novice entrepreneurs to dabble in housing development. Thus, the presence of private housing developers is markedly justified by which their performance in providing houses for the local populace is overwhelming, as they have exceeded targets set by the government for every 5-year Malaysia Plan (Jaafar and Sahari, 2013;Jaafar et al, 2015). In comparison to their counterparts, private homebuilders are considered as main suppliers for new housing in Malaysia with substantial influence within the industry.…”

Section: Introductionmentioning

confidence: 99%

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Intensifying business success of Malaysian housing development firms through entrepreneurial learning

Bakar

Jaafar

Muhibudin

2019

JEDT

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Purpose The purpose of this paper is to investigate the impacts of entrepreneurial learning on the performance of Malaysian private housing developers. Although the extant literature on learning epistemology is quite voluminous, the focus within the housing entrepreneurship remains limited. With this lacuna, the investigation on the perceptions of learning propensity among residential developers is deemed timely. Design/methodology/approach Using snowball sampling, interviews were conducted with ten perceived successful private housing developers in Malaysia to understand the antecedents and consequences of entrepreneurial learning in steering their business toward excellence. Findings The research outcomes revealed that all the interviewed respondents concurred with the importance of entrepreneurial learning within the organization to strive for business success. The interviewed housing developers highlighted the significance of learning interest in their daily works to achieve business competitiveness and gain competitive edge against rivals. Through continuous learning, positive ideas and ethos could be instilled within the uncertain business environment. Research limitations/implications From an empirical standpoint, the sample was limited to private housing developers in one country. This limits the scope of generalization. Further studies, comparing between public and private developers in multiple contexts should be undertaken. Besides that, the research is based on a relatively small sample of ten respondents and the use of snowball sampling may have meant that the respondents would only tend to present a particular view of the industry. Practical implications The results raise interesting impacts on business success for scholars and entrepreneurs to ponder upon. The research contributes new knowledge about the effects of entrepreneurial learning toward the competitiveness of housing developers, by looking at the whole aspects of development process. A better understanding on how business knowledge could be retrieved from the perspectives of Malaysian housing developers is posited to be pragmatically employed. Originality/value Concomitantly with the above proposition, the study offers a novel insight into learning capabilities of Malaysian private housing developers that may be useful for global references. Understanding firm’s resources and capabilities is emergent that warrants further clarifications on entrepreneurial learning within housing development firms. The paper successfully illuminates comprehensive issues that have responded to this shortfall.

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Training New Housing Entrepreneurs — A Malaysian Scenario

Cited by 2 publications

References 27 publications

Achieving business success through land banking and market analysis

Achieving business success through land banking and market analysis

Intensifying business success of Malaysian housing development firms through entrepreneurial learning

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