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Research Paper | Education Management | Philippines | Volume 8 Issue 4, April 2019
Impact of Economic Infrastructure Development Projects on the Business Community
Abstract: The researcher used a descriptive method to gather quantitative data to describe further and assess the impact of economic infrastructure development projects on the business community, which will be used as determinants for sustainable business growth. In addition, the researcher used a purposive sampling technique as the sampling design. The respondents of the study were purposely selected business owners near the government projects which are under construction. A sample of 100 business owners within the area where the project is situated will serve as the final respondents of the study. The respondents are 100 business owners within the project's area. The questionnaire is a researcher-modified instrument based on Ragnar Nurkse's Balanced Growth Theory. Regardless of which growth strategy is selected, the government?s infrastructure must be up to a standard that supports successful execution, benefiting both the local and national economy. An ongoing commitment to creating such an infrastructure is a ?safe bet?. Government projects should Initiate a process to identify strategies with a high probability for success at all economic levels. Government projects should focus on (1) Growing the core business, (2) Growing by sub-segmenting customers and (3) Growing adjacent opportunities. It is recommended that the leaders begin the process by considering the growth potential within the present core business and/or the opportunities and growth potential associated with creating innovative value propositions for the underserved business group.
Keywords: RagnarNurkse's Balanced Growth Theory, Government projects
Edition: Volume 8 Issue 4, April 2019,
Pages: 1992 - 1995