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

Abstract

PurposeThe 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/approachFactor 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.FindingsFactor 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/implicationsFocus on these factors will help streamline the structure and functioning of a construction company and help strategise to achieve growth performance.Practical implicationsUnderstanding about priorities in enablers and inhibitors can help firm devise appropriate strategies and action plans.Originality/valueThis paper reduces several identified enablers of growth into few factors to practically design appropriate structure and work processes to deliver performance.