Mashanim Mahazir*, Arief Nashrin Kamarudzaman Faculty of Engineering and Built Environment & IT, SEGi University Journal of Engineering & Technological Advances Vol. 5, Issue 2, pp. 19-33 (2020) https://doi.org/10.35934/segi.v5i2.19 Full Text PDF |
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Abstract
The rising innovations of technologies, some companies have developed greed towards owning as many projects as possible. Those involved think that they are the only ones who should be handling complex works as they are the only ones who have the right equipment to do the right job. This act of greed in the business world is known as ‘monopoly’. Twenty three (23) papers were referred through extensive literature review in order to know types of monopolies, factors causing the monopoly and proposed solution to minimize monopoly among conatruction players. As a result, contractor became the most contributor to monopoly due to croinism. In order to minimize the monopoly, one should enhance the competitive advantage, embrace the sustainable development and transparency in decision making.
Keywords:
Monopoly, Cronyism.