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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…

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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: 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: 22 May 2008

Raymond Viskanta

This paper seeks to review the literature on methods for solving the radiative transfer equation (RTE) and integrating the radiant energy quantities over the spectrum required to…

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Abstract

Purpose

This paper seeks to review the literature on methods for solving the radiative transfer equation (RTE) and integrating the radiant energy quantities over the spectrum required to predict the flow, the flame and the thermal structures in chemically reacting and radiating combustion systems.

Design/methodology/approach

The focus is on methods that are fast and compatible with the numerical algorithms for solving the transport equations using the computational fluid dynamics techniques. In the methods discussed, the interaction of turbulence and radiation is ignored.

Findings

The overview is limited to four methods (differential approximation, discrete ordinates, discrete transfer, and finite volume) for predicting radiative transfer in multidimensional geometries that meet the desired requirements. Greater detail in the radiative transfer model is required to predict the local flame structure and transport quantities than the global (total) radiation heat transfer rate at the walls of the combustion chamber.

Research limitations/implications

The RTE solution methods and integration of radiant energy quantities over the spectrum are assessed for combustion systems containing only the infra‐red radiating gases and gas particle mixtures. For strongly radiating (i.e. highly sooting) and turbulent flows the neglect of turbulence/radiation interaction may not be justified.

Practical implications

Methods of choice for solving the RTE and obtaining total radiant energy quantities for practical combustion devices are discussed.

Originality/value

The paper has identified relevant references that describe methods capable of accounting for radiative transfer to simulate processes arising in combustion systems.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 18 no. 3/4
Type: Research Article
ISSN: 0961-5539

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.

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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: 3 May 2016

Arun Sharma and Subhash Jha

Western business-to-business firms are under increasing competition from firms in emerging nations. As examples, Mindray in medical devices, LiuGong in earth moving equipment…

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Abstract

Purpose

Western business-to-business firms are under increasing competition from firms in emerging nations. As examples, Mindray in medical devices, LiuGong in earth moving equipment, Tata motors in Buses and Suzlon in Wind turbines are emerging as strong competitors in their industries. Yet despite increased competition from emerging nation firms, insufficient research has examined the growth of these firms, specifically in the areas of technology and innovation development processes. The purpose of this study is to examine how emerging nation business-to-business firms that have global ambitions achieve technology competence.

Design/methodology/approach

The authors examined several case studies on emerging market business-to-business firms that have moved to global markets and highlight the following five: LiuGong China (excavating products), Mindray China (medical equipment), Suzlon Energy India (wind generators), Tata Motors Buses India and BYD Auto China (batteries to electric cars). The firms are in business-to-business markets, except for BYD China that emerged as a business-to-business battery supplier but is currently in both business-to-business and business-to-consumer markets.

Findings

The authors find that firms in emerging markets that have global ambitions follow different approaches to innovation development processes from conventional theories and assumptions held by scholars and practitioners in Western developed countries. Our cases suggest that firms follow the proposed progression: domestic markets – internally developed technology; domestic markets –acquired technology; and finally to, global markets – acquired technology.

Researchlimitations/implications

The authors contribute to research in three areas. First, they suggest that the innovation development process for emerging market firms is different from the Western world. Second, they provide a framework of innovation development process that can be tested in multiple environments. Third, this study suggests a deeper examination of the longitudinal development of business-to-business firms, an area that has received less attention.

Practicalimplications

The authors suggest that firms need to better track their competition from emerging nations because emerging nation firms can quickly acquire technology to become strong competitors.

Originality/value

Extant research has not examined these issues.

Details

Journal of Business & Industrial Marketing, vol. 31 no. 4
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 2 January 2024

Dillip Kumar Das

The delay in real estate projects in India is pervasive. Organization and management (O&M) and project management (PM)-related challenges are argued to contribute to project…

Abstract

Purpose

The delay in real estate projects in India is pervasive. Organization and management (O&M) and project management (PM)-related challenges are argued to contribute to project delays. This study examined the O&M and PM factors that cause delays, the level of implementation of various O&M and PM aspects in real estate projects and how the challenges can be alleviated.

Design/methodology/approach

Perception surveys among the consumers and relevant stakeholders engaged in real estate projects in the Bhubaneswar and Cuttack regions of India were conducted to collect data on the factors of delay and implementation of the O&M and PM aspects. Relevant statistical methods and structural equation modeling (SEM) were used for data analysis.

Findings

Findings suggest that from the O&M point of view, poor decision-making, mishandling of finance, concurrent execution of many projects, diversion and misuse of finance for unrelated activities, lack of PM personnel and poor management contribute to the delay. Further, although the project initiation is satisfactorily done, most of the PM principles are not largely used, thus leading to delay.

Research limitations/implications

The study does have limitations, including its reliance on a perception survey of consumers and stakeholders, a limited sample size and a restricted number of projects. Nevertheless, the study highlights the need to address poor O&M and the insufficient application of PM principles to combat project delays in the Indian real estate sector.

Practical implications

Proper O&M and adequate application of PM will enable professional management of the projects and avoid delay.

Social implications

Proper O&M and the application of adequate PM would reduce delays in real estate projects. Consequently, conflicts between the companies and consumers might be reduced and housing and infrastructure demands might be met.

Originality/value

The study manifested that the lack of adequate implementation of O&M and PM aspects leads to delays. So, it is theorized that O&M and PM play critical roles in the success of real estate projects. Appropriate implementation of the principles and best practices linked to these aspects might alleviate the challenges of delay in real estate projects in India.

Details

International Journal of Building Pathology and Adaptation, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-4708

Keywords

Article
Publication date: 18 March 2022

Diti Goswami and Sandeep Kumar Kujur

The coronavirus disease 2019 (COVID-19)-induced response policies initiated by the Indian states disproportionately impact the employment of different groups in terms of gender…

Abstract

Purpose

The coronavirus disease 2019 (COVID-19)-induced response policies initiated by the Indian states disproportionately impact the employment of different groups in terms of gender, caste and religion. This study analyses the impact of the COVID-19-induced labor policies on employment inequality across different groups in India.

Design/methodology/approach

The authors identify different exogenous COVID-19-induced labor policies initiated by the Indian states, and synthesize them into direct and indirect labor policies. The authors employ a panel model to examine the impact of COVID-19-induced labor policies on employment inequality.

Findings

The authors find that the direct and indirect labor policies induce a decline in the employment rate, and create employment inequality among gendered and religious sub-groups. Females and Muslims have not significantly benefited from the COVID-19-induced labor policies. However, disadvantaged caste groups have benefited from direct and indirect labor policies.

Research limitations/implications

The time period during which this research was conducted was quite brief, and the qualitative impact of labor policies on employment inequality has not been accounted for.

Practical implications

This study unravels the distributive impact of the COVID-19-induced direct and indirect labor policies on the well-being of vulnerable laborers.

Social implications

The study provides novel empirical evidence of the beneficial role of a proactive government. This study’s findings suggest the need for specific distributive labor policies to address employment inequality among gender and religious groups in India.

Originality/value

The study employs new data sources and synthesizes the COVID-19-induced labor policies into direct and indirect labor policies. In addition, the study contributes to understanding the impact of COVID-19 induced direct and indirect labor policies on employment inequality across gender, caste and religious sub-groups in India.

Details

Equality, Diversity and Inclusion: An International Journal, vol. 41 no. 6
Type: Research Article
ISSN: 2040-7149

Keywords

Article
Publication date: 8 August 2019

Sarbeswar Praharaj and Hoon Han

The Smart Cities Mission (SCM) in India is generating significant interest among researchers and policymakers globally. Cities under the SCM, irrespective of their locations…

Abstract

Purpose

The Smart Cities Mission (SCM) in India is generating significant interest among researchers and policymakers globally. Cities under the SCM, irrespective of their locations, size, capacities or local needs, are heavily investing in technological solutions to improve civic conditions. The purpose of this paper is to build a typology and urban classification system of these 100 smart cities using a series of key performance indicators (KPIs) around urban development and access to public services. The paper also systematically recognises the diversity of challenges facing these cities and assess whether a generic technology-based approach is adequate to address them.

Design/methodology/approach

A two-stage statistical process is employed in this typology building exercise – first, a cluster analysis is conducted to classify the selected cities, then a multiple discriminant analysis is used to characterise each classified city.

Findings

The urban typology analysis finds that vast disparities remain across India’s urban centres, located in different geographical regions, in terms of access to social capital and physical infrastructure. The KPIs around education, health and social services emerged from the analysis as the most significant drivers in the urban typology building process. The lack of basic community infrastructure, especially in the small-to-medium-sized cities in India, exposes the shortcomings of a one-size-fits-all technocratic smart city development strategy that assumes foundational infrastructure is already in place for technology to take effect.

Originality/value

The research methodologies developed in this paper offers a novel planning approach for smart city policymakers to devise place-based smart city interventions, acknowledging diverse cultures and specific community needs.

Details

Smart and Sustainable Built Environment, vol. 8 no. 5
Type: Research Article
ISSN: 2046-6099

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Article
Publication date: 31 August 2023

Saumen Majumdar, Swati Agarwal and Saibal Ghosh

Sudden and unannounced policy changes by the government that provide banks with windfall deposits creates a challenge in terms of resource deployment. In the process, there is an…

Abstract

Purpose

Sudden and unannounced policy changes by the government that provide banks with windfall deposits creates a challenge in terms of resource deployment. In the process, there is an impact on their risk and returns. Using data on domestic Indian commercial banks, this study aims to examine the impact of such an announcement – the 2016 demonetisation episode – on bank behaviour.

Design/methodology/approach

Using data on domestic Indian commercial banks during 2010–2020, the paper investigates the effect of a sudden and unannounced policy change on their risk and returns. Using the demonetisation undertaken in November 2016 as a natural experiment, the paper applies the difference-in-differences methodology to tease out the causal impact.

Findings

The findings reveal a decline in risk and an increase in returns of state-owned banks, consistent with a flight-to-safety. The response differed in terms of market and accounting measures and across state-owned banks with differing levels of capital and asset quality.

Originality/value

Although several aspects of the demonetisation episode have been well analysed, its impact on banks – the main conduits of the exercise – and in particular on their risk and returns, is an unaddressed area of research. Viewed from this standpoint, this is one of the early studies to undertake a comprehensive empirical analysis on this aspect.

Details

Studies in Economics and Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1086-7376

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Article
Publication date: 1 December 2021

Akanksha Goel and Shailesh Rastogi

The purpose of the study is to identify certain behavioural and psychological traits of the borrowers which have the tendency to predict the credit risk of the borrowers. And the…

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Abstract

Purpose

The purpose of the study is to identify certain behavioural and psychological traits of the borrowers which have the tendency to predict the credit risk of the borrowers. And the second objective is to draw a conceptual model that reveals the impact of those traits on credit default.

Design/methodology/approach

The study has adopted a systematic Literature Review approach to identify those behavioural and psychological traits of borrowers that reflect on the tendency to predict the credit default of borrowers.

Findings

The findings of this study have revealed that there are some non-financial factors, which can be looked into while granting a loan to a borrower. The identified factors can be used to develop a subjective credit scoring model that can quantify and verify the soft information (character and reliability) of debtors. Further, a behavioural credit scoring model will help in easing the assessment of those borrowers, who do not have an appropriate credit history and reliable financial statements.

Practical implications

The proposed model would help banks and financial institutions to evaluate those borrowers who lack substantial financial information. Further, a subjective credit scoring model would help to evaluate the credit worthiness of such borrowers who do not have any credit history. The model would also reduce the biasness of subjective scoring and would reduce the financial constraints of borrowers.

Originality/value

By reviewing the literature, it has been observed that there are very few studies that have exclusively considered the behavioural and psychological factors in credit scoring. Several studies have linked the psychological constructs with debts, but very few researchers have considered it while constructing a behavioural scoring model. Thus, it can be inferred that this area of behavioural finance is still unexplored and needs attention of researchers worldwide. In addition, most of the studies are carried out in European, African and American regions but are almost non-existent in the Asian markets.

Details

Review of Behavioral Finance, vol. 15 no. 2
Type: Research Article
ISSN: 1940-5979

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