Examination of survival strategies of quantity surveying firms amid COVID-19 pandemic disruption in Lagos State, Nigeria

Nathaniel Ayinde Olatunde, Angel Manuel Gento Municio and Imoleayo Abraham Awodele

African Journal of Economic and Management Studies, 2022, vol. 14, issue 3, 339-354

Abstract: Purpose - Disruption caused by coronavirus disease 2019 (COVID-19) to the ways and manners businesses are conducted worldwide is phenomenon. The study therefore examined the survival strategies adopted by quantity surveying firms (QSFs) in Lagos State, Nigeria, with the intention of improving their performance. Design/methodology/approach - This study used a systematic sampling method to select three QSFs from 20 local government areas in the state. Of the 60 QSFs contacted for interview, only 42 agreed to participate. A questionnaire was designed to collect the required qualitative information, which was then analyzed using content analysis. Findings - The results revealed that the main survival strategies adopted by QSFs in Lagos State, Nigeria, during the COVID-19 disruptions were downsizing, contract staffing, salary cuts, work from home and service negotiation strategies. Research limitations/implications - Due to the chosen research approach, the research results may not be generalizable. The incidence of the pandemic and the socio-economic situation of the study area have to be considered. Practical implications - The survival strategies employed by QSFs in Lagos Nigeria in the middle of COVID-19 are palliative (unsustainable) as the impact of the disruptions is biting hard on QSFs in Lagos Nigeria as such a more robust and sustainable method to enhance the performance of QSFs in the study area. Originality/value - This study attempted to unearth the survival strategies of QSFs amidst COVID-19 in Lagos State, Nigeria, with the aim of improving the performance of such firms.

Keywords: Survival; Quantity surveying firms; COVID-19; Disruption (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ajemsp:ajems-05-2022-0215

DOI: 10.1108/AJEMS-05-2022-0215

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