The relationship among leadership, risk management, and business continuity in Bangkok’s construction industry after the COVID-19 pandemic
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Abstract
This research investigated the influence of leadership management on the continuation of company operations in Bangkok's construction sector during the COVID-19 epidemic. It also emphasized the significance of risk management as an intermediary in the relationship above. The study examined various aspects of leadership, including vision, communication, motivation, decision-making, adaptation, team building, delegating, continuous development, and ethical conduct. A study using the G*Power software tool resulted in a sample size of 751 construction enterprises. The effect size was determined to be 0.3, with a power of 0.95 and 151 degrees of freedom. Structural Equation Modeling (SEM) using AMOS software was employed to demonstrate the substantial impact of leadership management on company continuity through risk management.
The statistical analysis results showed X2 = 267.988, df = 106, X2/df = 1.258, p = .053, GFI = .958, AGFI = .984, CFI = .973, TLI = .957, RMSEA = .048, RMR = .014, and NFI = .957. These findings suggested that leadership traits, including flexibility and ethical behavior, were critical in risk management and company continuity. This highlighted the need to incorporate thorough leadership and risk management practices to improve the long-term sustainability of enterprises. The findings underscored the importance of leadership styles that promote proactive risk management. Additionally, it proposed the incorporation of leadership and risk management as a means to enhance the resilience of corporate operations.
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