An Analyzing on Entrepreneurship Development to Drive the Business Growth of the Construction Industry in Liao Ning Province, China

Xiaosong Wang; Pongsiri Kamkankaew; Phithagorn  Thanitbenjasith

doi:10.60027/ijsasr.2023.2990

Authors

Xiaosong Wang Faculty of Business Administration, North-Chiang Mai University, Thailand https://orcid.org/0009-0007-8793-0081
Pongsiri Kamkankaew Faculty of Business Administration, North-Chiang Mai University, Thailand https://orcid.org/0000-0002-5885-4805
Phithagorn Thanitbenjasith Faculty of Business Administration, North-Chiang Mai University, Thailand https://orcid.org/0000-0002-8967-8285

DOI:

https://doi.org/10.60027/ijsasr.2023.2990

Keywords:

Entrepreneurship; , Business Growth; , Construction Industry

Abstract

Background and Aim: China’s real estate market experienced exponential growth, but stringent government policies led to decreased credit lending in 2021. Entrepreneurs identify market needs, conduct businesses, face risks, and pursue efficiency with innovation and economic progress. This study aims to examine the perception level of entrepreneurship development in the construction industry in Liao Ning province and to study the guideline of entrepreneurship development to drive the business growth of the construction industry in Liao Ning province.

Materials and Methods: This research paper follows the quantitative research method. The total sample size for the research will be 56 firms in the construction sector in Liao Ning province. A questionnaire was employed as an instrument for gathering data in the present investigation. The statistical parameters, such as the mean and standard deviation, were utilized to conduct data analysis and determine the presented data.

Results: The research revealed that there were moderate levels of perceptions regarding the development of creativity and entrepreneurship, as well as moderate levels of perceptions regarding the development of training and entrepreneurship. This research delves into the guidelines for entrepreneurship development in the construction industry of Liao Ning province, with a particular emphasis on the factors of creativity, risk-taking, and success. The entrepreneurial mindset is influenced by various factors such as financial status, age, education, and work experience. The training program about Business Models provides valuable insights into various frameworks, structures, financial benefits, and strategic approaches.

Conclusion: The research shows moderate perceptions of creativity and entrepreneurship development in Liao Ning province’s construction industry. It emphasizes factors like creativity, risk-taking, and success and highlights the importance of training programs for business models. The study examines entrepreneurship development guidelines for Liao Ning province’s construction industry, focusing on creativity, risk-taking, and success, considering factors like financial status, age, education, and work experience.

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