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Amirtash, P, Majid Parchami, J and Jelodar, M B (2021) Integration of project management services for International Engineering, Procurement and Construction projects. Built Environment Project and Asset Management, 11(2), 330-49.
Bhattacharya, S, Momaya, K S and Iyer, K C (2021) Bridging the gaps for business growth among Indian construction companies. Built Environment Project and Asset Management, 11(2), 231-50.
- Type: Journal Article
- Keywords: construction companies; business growth; India; annual reports; competitive advantage; market positioning; productivity; market segments; economic development; USA
- ISBN/ISSN:
- URL: http://dx.doi.org/10.1108/BEPAM-08-2020-0135
- Abstract:
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. 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. 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. The study is limited to the opinion and perceptions of the top management personnel of the construction companies. 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. The study suggests business growth enablers to construction companies in India to improve their international competitiveness.
Cevikcan, E and Kose, Y (2021) Optimization of profitability and liquidity for residential projects under debt and equity financing. Built Environment Project and Asset Management, 11(2), 369-91.
Isuri Anuradha, A, Soorige, D and Geekiyanage, D (2021) Comparative study on life cycle assessment of buildings in developed countries and Sri Lanka. Built Environment Project and Asset Management, 11(2), 304-29.
Moyo, T, Crafford, G and Emuze, F (2021) People-centred management for improving construction workers' productivity in Zimbabwe. Built Environment Project and Asset Management, 11(2), 350-68.
Ottou, J A, Baiden, B K, Nani, G and Martin Morgan, T (2021) Benefits of implementing Six Sigma in competitive tendering process. Built Environment Project and Asset Management, 11(2), 214-30.
Safapour, E, Kermanshachi, S and Kamalirad, S (2021) Analysis of effective project-based communication components within primary stakeholders in construction industry. Built Environment Project and Asset Management, 11(2), 157-73.
Sekar, G, Sambasivan, M and Viswanathan, K (2021) Does size of construction firms matter? Impact of project-factors and organization-factors on project performance. Built Environment Project and Asset Management, 11(2), 174-94.
Sun, J, Balakrishnan, S and Zhang, Z (2021) A resource allocation framework for predisaster resilience management of interdependent infrastructure networks. Built Environment Project and Asset Management, 11(2), 284-303.
Tuffaha, F M, Assaf, S, Yasar Zakaria, Z and Hadidi, L A (2021) A framework for the performance assessment of construction contractors in Saudi Arabia. Built Environment Project and Asset Management, 11(2), 195-213.
Verma, S, Mandal, S N, Robinson, S, Bajaj, D and Saxena, A (2021) Investment appraisal and financial benefits of corporate green buildings: a developing economy case study. Built Environment Project and Asset Management, 11(2), 392-408.
Zarghami, S A and Gunawan, I (2021) The emergence and evolution of reliability theory for water distribution networks. Built Environment Project and Asset Management, 11(2), 251-65.