The Effect of External and Internal Factors on Management Effectiveness Within Indian Construction Companies

Sanchaniya Rashmi Jaymin (), Kundziņa Antra, Thomas Cijo George, Geipele Ineta and Naimavičienė Jurga
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Sanchaniya Rashmi Jaymin: Riga Technical University, Riga, Latvia
Kundziņa Antra: Riga Technical University, Riga, Latvia
Thomas Cijo George: Riga Technical University, Riga, Latvia
Geipele Ineta: Riga Technical University, Riga, Latvia
Naimavičienė Jurga: Vilnius Gediminas Technical University, Vilnius, Lithuania

Baltic Journal of Real Estate Economics and Construction Management, 2023, vol. 11, issue 1, 270-288

Abstract: The aim of this study is to define and clarify the idea of improving management effectiveness within Indian construction companies. We conducted an online survey with an Indian construction company and used correlation analysis to thoroughly examine how both external and internal factors affect management effectiveness. The survey includes demographic questions, ratings on a scale of 1 to 5 for management aspects, ratings on a similar scale for internal and external factors, and ratings on a similar scale for potential improvement suggestions. With the help of descriptive statistics and frequencies, the mean efficiency values were calculated using SPSS and Excel to analyse the collected data. To establish links between the variables and the effectiveness of the company, correlation analysis was also carried out. The primary conclusions of the study highlight the critical importance of focussing on employee relations, meticulous tracking of work output, integration of technology, and adherence to established protocols as key factors in improving management effectiveness. The research also reveals significant problems with the management system, such as a preference for sanctions over incentives. It establishes that internal and external factors have equal weight in influencing management effectiveness, emphasising the need for an all-encompassing strategy that is flexible enough to support long-term advancement in construction company management practices.

Keywords: Construction company; construction company management efficiency; company management; management efficiency (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:11:y:2023:i:1:p:270-288:n:6

DOI: 10.2478/bjreecm-2023-0017

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