Latent factors among enablers of growth: a study in the context of construction companies in India

Sanjay Bhattacharya, Kirankumar S. Momaya and Chandrasekhar Iyer

Journal of Advances in Management Research, 2013, vol. 10, issue 1, 45-57

Abstract: Purpose - The purpose of this paper is to discover the latent factors amongst identified enablers of growth which can enhance growth performance in construction companies in India. Design/methodology/approach - Factor analysis has been used to determine latent factors among the enablers of growth. The data for the analysis were collected through a questionnaire survey administered on 30 leading construction companies in India. Findings - Factor analysis reveals that company systems and processes, customer orientation or value enhancement, future businesses, visionary leadership and intent, and versatile workforce are required to be optimally synergized for growth. Specific task forces or delegation of activities may be setup to look after each one of the above five factors. Research limitations/implications - Focus on these factors will help streamline the structure and functioning of a construction company and help strategise to achieve growth performance. Practical implications - Understanding about priorities in enablers and inhibitors can help firm devise appropriate strategies and action plans. Originality/value - This paper reduces several identified enablers of growth into few factors to practically design appropriate structure and work processes to deliver performance.

Keywords: Strategy; Construction companies; Enablers; Growth competitiveness; Factors; Construction industry; Business development (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jamrpp:v:10:y:2013:i:1:p:45-57

DOI: 10.1108/09727981311327758

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