Conceptualising the nexus of projects, finance and capacity in construction business

Abstract

This paper addresses a research question on why construction companies fail in their business. Starting with the concept of growth and capacity underinvestment archetype, a new and operational systems thinking model is developed. The conceptual systems thinking model includes a set of causal structure that can explain various modes (including the growth and failure modes) of business performance of small and medium construction companies. Mainly the three componentsprojects, finance and capacityand the understanding of their nexus (or causal interrelationships) are found to be sufficient to reveal different performance modes in construction business. Further, the three operational aspects, namely, the business growth or decline process; the situation of financial and other capacity resource consumption; and the management of projects, finance and other capacity resources have been identified as the interrelated core and integral aspects of construction business. The three interrelated core aspects could actually include and explain different possible range of business situations, policies and practices in a construction company.

Exploration and Analysis on the Psychological Capital of Entrepreneurship and the Deviant Innovation Behavior of Employees

“…The psychological empowerment of employees includes their understanding of the meaning of the work, which will affect the autonomy and self-efficacy of employees. Task interdependence refers to the degree of correlation between work productivity among employees, that is, the degree of correlation between the work of employees and the work of other employees ( Bajracharya et al, 2018 ). This study makes the following hypotheses: (1) There is positive correlation between deviant innovation behavior of employees and their work values; (2) Psychological authorization plays an intermediary role in the work values and deviant innovation behavior of employees; (3) There is a certain relationship between emotional intelligence and work values and psychological empowerment of the employees; (4) There is a certain correlation among task interdependence, psychological empowerment, and deviant innovation behavior of employees.…”

Understanding the Performance of Construction Business: A Simulation-Based Experimental Study

“…The conceptual framework used in this paper has been taken from the authors' previous work presented in Bajracharya, et al (2018). The work developed a qualitative systems thinking model that can explain a range of performance modes of construction firms in SME category.…”

“…Using the concept of the market growth model, Morecroft (2015) analysed the performance modes of a high-tech manufacturing company with different executive policies used in the specific context of the company. Bajracharya, et al (2018) developed an adapted version of the concept of growth and capacity underinvestment archetype in the context of the construction business. Figure 2 presents a slightly modified version of the archetype model, and this particular model is the main conceptual basis of this research.…”