Factors Influencing Organisational Transformation and the mediation of Transformational Leadership for the Real Estate companies in Bangladesh

Hussain, Farhana (2023) Factors Influencing Organisational Transformation and the mediation of Transformational Leadership for the Real Estate companies in Bangladesh. Doctoral thesis, University of Wales Trinity Saint David.

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Abstract

Organisational transformation is an evolving and a topic of attention because the environmental factors are continuously evolving and transforming. The main purpose of this research is to understand and identify the factors that influence Organisational Transformation for real estate companies of Bangladesh and develop an effective model for organisational transformation. The scope of the research focused on the private real estate companies of Bangladesh which are officially listed under REHAB. The real estate industry of Bangladesh has significant demand and growing however still there is a demand gap and a large number of companies facing stagnant growth. It is predicted that by the end of year 2030 there will catastrophic demand -supply gap. The economic, technological and socio- cultural dynamics of the country is imposing various changes and challenges on the services and the structure of the industry. All these factors required the companies to undergo organisational transformation to survive and exploit in the turbulent external environment. Therefore, this study aimed to identify if there is a fit model of organisational transformation with the factors that influence organisational transformation with the mediating effect of transformational leadership. The independent variables which are identified as the factors influencing organisational transformation are innovation, strategic fit, organisational learning, employee development, recognition and empowerment.The literature review shows that there is even though there are literature and seminal works to approve the positive relationship between the effective factors influence and organisational transformation, more study and empirical work is required to establish a strengthen relationship. Moreover, there is no empirical study on organisational transformation for the real estate industry in Bangladesh, therefore this study will add significant value to both literature practices. The study included 216 samples from the real estate companies and data was analysed using quantitative methods to meet the research objectives and answer the research questions. The samples included employees of various real estate companies working in managerial positions. Observations were gathered through self- administered 10-point Likert scale questionnaire. The study undertook a diverse, two-way and multidimensional analysis to find out the relationship between different independent variables and the dependent variable. Interesting findings have been discovered about the relationship between the factors and organisational transformation and the mediating effect of Transformation Leadership on Organisational Transformation, The individual regression analysis results show that all six (Innovation, Strategic Fit, Recognition, Employee Development, Empowerment, Organisational Learning) independent variables, found significant positive impact on Organisational Transformation. However, the result differs after adding the mediating variable- Transformational leadership, it was found that a few independent variables have some insignificant and negative impact on Organisational Transformation. One of the important managerial implications of this study is that, for effective organisational transformation, the real estate companies sin Bangladesh should focus employee recognition and innovation. It is recommended that to effectively implement and practice the organisational transformation model developed in this study, organisations should tailor the factors according to their needs, evaluate and monitor regularly and adapt a continuous approach. This research will be a significant seminal work in field of study of these domains in Bangladesh. Hence study makes significant contribution to both practice and literature.

Item Type: Thesis (Doctoral)
Uncontrolled Keywords: Organisational Transformation, Transformational Leadership, Innovation, Strategic Fit, Recognition, Employee Development, Empowerment, Organisational learning.
Subjects: D History General and Old World > DS Asia
H Social Sciences > HD Industries. Land use. Labor
Divisions: Theses and Dissertations > Doctoral Theses
Depositing User: Lesley Cresswell
Date Deposited: 10 Jul 2023 10:46
Last Modified: 13 Dec 2023 14:26
URI: https://repository.uwtsd.ac.uk/id/eprint/2486

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