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Article
Publication date: 2 March 2020

Sanjay Bhattacharya, Kirankumar S. Momaya and K. Chandrasekhar Iyer

To suggest a conceptual framework to benchmark enablers of growth and link them to performance metrics, duly supported theoretically with definitions and literature review. The…

Abstract

Purpose

To suggest a conceptual framework to benchmark enablers of growth and link them to performance metrics, duly supported theoretically with definitions and literature review. The sub-objectives of the study are the following:

  1. To identify enablers based on theories and antecedents of growth

  2. To establish key leads on how the identified enablers have been deployed by leading construction companies, basis their stages of growth and economic context

  3. To identify which enablers have higher potential to contribute to competitiveness and growth in an effort to benchmark performance

  4. To establish if the enablers deployed is dependent on the market maturity and economic context

To identify enablers based on theories and antecedents of growth

To establish key leads on how the identified enablers have been deployed by leading construction companies, basis their stages of growth and economic context

To identify which enablers have higher potential to contribute to competitiveness and growth in an effort to benchmark performance

To establish if the enablers deployed is dependent on the market maturity and economic context

Design/methodology/approach

The enabler-mix-based approach is evolved through literature review, inputs from industry practitioners, and subsequent empirical analysis. To explore relationships, the primary methodology suggested is building theory from practice, justified in specific industry and regional economic context. Content analysis has been used for validation of the framework.

Findings

Traditional strategy literature suffers from the limitations in terms of applicability and specific contextual settings. In a rapidly changing and varied environment coupled with the context of emerging countries, there is a need for a benchmarked framework for strategy and growth. The evidence toward utility of the framework has been established through a quick analysis of leading construction companies. Capabilities for “operational and process excellence,” “unique products and services,” and “visionary leadership” emerged to be the higher ranked core growth enablers. However, the deployment of these enablers is dependent on the maturity of the company and its economic context.

Research limitations/implications

This simpler and generic framework analyzes the relative impact on performance, as well as the inter-enabler interaction and substitution effects, in the context of construction companies.

Practical implications

In the context of industries that are volatile in nature (like the construction industry), strategy tools need to be simple and generic towards practical and uncomplicated application for the managers, to achieve positive outcomes.

Originality/value

This paper offers fresh perspectives to benchmarking literature in terms of enablers to deliver growth performance, in the context of construction companies. It attempts to fill the gap in evolving simple strategy tools to ensure sustainable growth performance in industries having nascent research support and less availability of data so far. In the context of industries that are volatile in nature (like the construction industry), strategy tools need to be simple and generic toward practical and uncomplicated application for the managers to achieve positive outcomes.

Details

Benchmarking: An International Journal, vol. 27 no. 4
Type: Research Article
ISSN: 1463-5771

Keywords

Article
Publication date: 12 February 2021

Sanjay Bhattacharya, Kirankumar S. Momaya and K.C. Iyer

Successful handling and delivery of projects requires commensurate growth in the business capabilities of construction companies. The current scenario of exponential…

Abstract

Purpose

Successful handling and delivery of projects requires commensurate growth in the business capabilities of construction companies. The current scenario of exponential infrastructure boom in India necessitates scaling up to meet the challenges of competitiveness. The objectives of this study are to (1) identify the enablers of sustainable business growth among Indian construction companies, (2) identify gaps in the deployment of the enablers in comparison to competitive successful international construction companies and (3) suggest strategic initiatives to top management of companies and policymakers for promoting business growth and industry competitiveness.

Design/methodology/approach

A detailed literature review first identifies an adapted framework for enablers of growth and growth performance of successful international construction companies on basis of industry trends. Thereafter, a questionnaire survey was administered on the leading construction companies in India to assess the deployment of enablers and gaps thereof. A total of 108 valid responses were obtained from top management executives of the companies and analysed through descriptive statistics and hypothesis testing.

Findings

Studies indicate that anticipation of new demands and capabilities; business opportunity scanning and human resource skills and capabilities are among the most important enablers of growth. The role of leadership vision and focus on development of human resources is critical to competitiveness and growth. The successful international construction companies have delivered growth utilising their ability to deploy multiple strategies, diversification and new business opportunities. These are sparingly deployed by Indian companies.

Research limitations/implications

The study is limited to the opinion and perceptions of the top management personnel of the construction companies.

Practical implications

High economic growth context offers a unique opportunity for domestic Indian construction companies to leverage. The valuable insights gained from this study provide hints to the top management of these companies to draw managerial implications for facing the challenges ahead and delivering projects in the dynamic and hyper-competitive construction industry. The policymakers on their part are responsible to support and promote initiatives for sustainable growth.

Originality/value

The study suggests business growth enablers to construction companies in India to improve their international competitiveness.

Details

Built Environment Project and Asset Management, vol. 11 no. 2
Type: Research Article
ISSN: 2044-124X

Keywords

Article
Publication date: 19 July 2013

Sanjay Bhattacharya, K. Chandrasekhar Iyer and Kirankumar Momaya

The purpose of this paper is to determine the enablers of growth that need to be deployed in construction companies in India.

Abstract

Purpose

The purpose of this paper is to determine the enablers of growth that need to be deployed in construction companies in India.

Design/methodology/approach

The paper uses a case‐based approach which attempts to compare the enablers of growth amongst the selected companies, based on interviews of the top management, secondary published literature review and analysis based on strategy diamond framework. The companies are selected on the basis of theoretical sampling of polar performances.

Findings

The study explores a cross‐section of construction companies having diverse growth performance on the basis of several parameters and assesses them in terms of enablers of growth. It attempts to record the reasons behind the success and failures of the select companies.

Research limitations/implications

The lessons derived can be utilized to orient aspiring construction companies in India towards growth and enhancing their chances of successfully competing with the large and international players.

Originality/value

This paper offers growth perspectives to strategy literature in terms of enablers, related to construction companies.

Details

International Journal of Organizational Analysis, vol. 21 no. 3
Type: Research Article
ISSN: 1934-8835

Keywords

Article
Publication date: 2 February 2024

Ravita Kharb, Charu Shri and Neha Saini

The objective is to develop an empirical model estimating the relationship and interaction amongst the factors affecting and enhancing green finance (GF) in developing economies…

Abstract

Purpose

The objective is to develop an empirical model estimating the relationship and interaction amongst the factors affecting and enhancing green finance (GF) in developing economies like India.

Design/methodology/approach

Around nine growth-accelerating enablers of green financing were found through literature and unstructured interviews and analysed using the total interpretive structural modelling (TISM) method. The hierarchical link between each factor is established using TISM, and further to evaluate the driver-dependent relationship the Matriced’ Impacts Croises Appliquee Aaun Classement (MICMAC) approach is utilised.

Findings

The findings demonstrate an interrelationship between growth-accelerating factors, where the political environment and information and communication technology (ICT), have minimal dependency but a strong driving force. Political environment and ICT are found as strategic-level factors lying at the bottom of the model driving towards the dependent variables. The government should focus on enacting effective policies such as the green credit guarantee scheme and carbon credit and establishing a regulatory framework to enhance green financing.

Research limitations/implications

This study examines the literature to generalise the findings and focus on the primary motivators for developing green financing. To increase green financial activity, practitioners must concentrate on aspects with significant driving forces. Furthermore, it makes organisations more profitable, efficient and competitive and promotes long-term growth.

Originality/value

The study is the first in the literature which identifies the growth-accelerating factors of green financing using the TISM and MICMAC-based hierarchical models.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 14 November 2023

Brenda Denise Dorpalen and Eirini Gallou

The first objective of this article is to analyse the reasons to pursue inclusive growth, that is economic growth accompanied by a reduction of social inequalities in different…

Abstract

Purpose

The first objective of this article is to analyse the reasons to pursue inclusive growth, that is economic growth accompanied by a reduction of social inequalities in different dimensions. The second objective of the article is to develop a systematised framework to understand the different channels and enablers by which heritage can contribute to inclusive growth through a review of specialised literature.

Design/methodology/approach

The methodology of this article is based on an exhaustive review of existing literature around models of economic development and their ability to decrease social inequalities. It critically reviews theoretical and empirical studies on existing economic approaches and links them with the heritage policy field.

Findings

The article finds that countries should pursue inclusive development since it is a fundamental condition for social cohesion, trust and society's overall well-being and because it enables economic growth to be sustainable through time. It also identifies four channels through which heritage can contribute to inclusive development: in its public good dimension, in its capacity to equalise opportunities, in its ability to reduce social, educational and health disparities and in its capacity to decrease spatial income inequalities through regeneration processes.

Research limitations/implications

The framework, that is developed to categorise the different channels and enablers through which heritage could contribute to inclusive growth, is not empirically tested. Further research could approach this by estimating a difference in difference model. However, data limitations could limit this objective in the short-term.

Originality/value

Its originality relies in the development of a conceptual framework that is aimed at shaping heritage policies that target, at the same time, the reduction of inequalities and economic growth.

Details

Journal of Cultural Heritage Management and Sustainable Development, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1266

Keywords

Article
Publication date: 11 January 2016

Jukka Majava, Pekka Leviäkangas, Tuomo Kinnunen, Pekka Kess and Del Foit

Increasing competition in global markets requires many countries to seek new growth sectors. In addition, the nature of competition is changing. This paper applies the business…

1202

Abstract

Purpose

Increasing competition in global markets requires many countries to seek new growth sectors. In addition, the nature of competition is changing. This paper applies the business ecosystem concept and studies San Diego as a spatial health and life sciences ecosystem. The purpose of this paper is to identify issues that should be considered in design of innovation policies and regional industry development.

Design/methodology/approach

The research approach is built on a literature review of business ecosystems and spatial innovation. The empirical study is based on semi-structured interviews, observations, and information gathering and verification during field research.

Findings

The results include a description of the ecosystem structure and dynamics. This paper demonstrates the bottom-up nature of San Diego’s health and life sciences ecosystem without a dominant lead actor, and presents prerequisites for fostering spatial ecosystems.

Research limitations/implications

A single case may not be able to offer a generalized picture of this topic. However, the study raises several considerations for researchers and decision-makers involved in innovation policy design. Future work should extend the study and involve other spatial and substance contexts to compare findings and to pursue a more generic picture of innovation ecosystems and networks.

Originality/value

This paper demonstrates that applying the concept of business ecosystems to the spatial context provides new insights in terms of dynamic mechanisms and factors contributing to economic growth in a particular location. Understanding how to facilitate the creation of successful spatial ecosystems is in the focal point of innovation policies.

Details

European Journal of Innovation Management, vol. 19 no. 1
Type: Research Article
ISSN: 1460-1060

Keywords

Article
Publication date: 13 April 2010

Abdul Razak Bin Ibrahim, Matthew H. Roy, Zafar Ahmed and Ghaffar Imtiaz

The purpose of this paper is to understand the production processes utilized by the Malaysian construction industry (MCI).

11625

Abstract

Purpose

The purpose of this paper is to understand the production processes utilized by the Malaysian construction industry (MCI).

Design/methodology/approach

The paper follows an earlier work published in this journal in which the authors analyze the global construction industry focusing on the evolution of lean production systems.

Findings

The future of construction is exciting. International markets, innovations in technology, and techniques of construction project management, new relationships across disciplines are all avenues of development. To make the best use of their opportunities, the MCI must invest in research and development (R&D), undertake public education about the field and develop new methodologies to improve operational performance in construction.

Originality/value

This paper provides a detailed analysis of the MCI, it's impact on the economy, key success factors, struggles and problems that the industry currently faces. Analysis of key functional areas like operations management, R&D, and occupational safety and health administration provide insights into improvement.

Details

Benchmarking: An International Journal, vol. 17 no. 2
Type: Research Article
ISSN: 1463-5771

Keywords

Article
Publication date: 7 October 2021

Ashutosh Jani, Ashutosh Muduli and Kaushal Kishore

Human resource (HR) transformation research has not studied the role of digital HR technology and HR role in the context of Indian organisations. To address the gap, the current…

1747

Abstract

Purpose

Human resource (HR) transformation research has not studied the role of digital HR technology and HR role in the context of Indian organisations. To address the gap, the current research aims to investigate the impact of HR role and digital HR technology on successful HR transformation. Further, the research shall investigate the mediating role of various HR roles (i.e. administrative, employee champion, change agent and strategic partner role) on digital HR technology and business outcomes.

Design/methodology/approach

The research used a post-positivist methodology using survey method. Data has been collected from 918 executives representing several sectors of Fortune 500 Indian companies. Validated instrument has been used and the collected data are analysed using AMOS and structural equation modelling.

Findings

HR transformation using Digital human resource technology (HRT) can significantly enhance business outcome of fortune 500 companies of India if it is mediated by different HR role (strategic, employee champion, change agent and administrative expert). The result also proved that just implementation and adaption of the Digital HRT may not guarantee HR Transformation unless HR optimise the specific role as per the need of the hour.

Originality/value

HR transformation research has not studied the role of digital HR technology and HR role in the context of fortune 500 Indian organisations.

Details

International Journal of Organizational Analysis, vol. 31 no. 4
Type: Research Article
ISSN: 1934-8835

Keywords

Article
Publication date: 17 May 2013

Sanjay Bhattacharya, Kirankumar S. Momaya and Chandrasekhar Iyer

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.

246

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.

Details

Journal of Advances in Management Research, vol. 10 no. 1
Type: Research Article
ISSN: 0972-7981

Keywords

Article
Publication date: 1 August 2002

Andrew Robson, Vas B. Prabhu and Ed Mitchell

The extent to which an organisation is successful can be influenced by a number of its strategies and business initiatives. This success can be measured internally, using…

1915

Abstract

The extent to which an organisation is successful can be influenced by a number of its strategies and business initiatives. This success can be measured internally, using traditional measures such as profitability, return on net assets and cash flow. Equally, this success can also be measured in terms of external measures such as growth, the competition and the impact of a changing business environment. This paper attempts to assess the association between the extent to which TQM initiatives have been successfully implemented and the changes in performance measures both internal and external. This has been done by analysing benchmarking data collected from nearly 450 service organisations from the North East of England. The survey results suggest that the TQM enablers have the greatest impact upon operational performance and then business performance, but only limited impact on external measures of sustainability such as business growth, competitive advantage and change management.

Details

International Journal of Quality & Reliability Management, vol. 19 no. 5
Type: Research Article
ISSN: 0265-671X

Keywords

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