Causal Relationship Among Leadership, Risk Management and Organizational Culture that Affects the Business Continuity Management of the Construction Industry in Bangkok During Post-Pandemic COVID-19 Virus

Abstract

According to the persistent issue of the coronavirus pandemic, there remains a likelihood that the pandemic will reoccur. This quantitative study aims to verify the consistency of the structural equation models. Empirical data will be utilized to examine the impact of organizational culture, risk management, and leadership on the business continuity management of the Bangkok-based construction industry post-pandemic. This analysis determined the coherence of structural equation models representing business continuity management influencing factors by employing a stratified sampling technique, with 701 construction site administrators comprising the sample group. Implement the instrument as a survey questionnaire. The value of the instrument variable varied from 0.91 to 0.97 by determining Cronbach's alpha coefficient. The Pearson correlation coefficient was calculated to analyze the data. Statistical analysis, structural equation modeling. The findings indicate that the proposed model aligns with the empirical data, as indicated in the following values: X²=103.21, X²/df=1.10, df=93, p=0.13, GFI=0.96, AGFI=0.97, CFI=0.98, TLI=0.97, NFI=0.98, RMSEA=0.014, RMR=0.003. With a predictive coefficient of 0.95, business continuity management demonstrates that the sum of all variables explains 99 percent of its variance. The variables comprising Leadership have a positive direct impact on risk management and organizational culture and a positive indirect impact on business continuity management. These results transcend the confines of the construction sector. However, every enterprise should be recognized and implemented as a precaution to bolster unforeseen circumstances. For instance, another epidemic is sure to occur in the future.