Strategic Management Practices And Organisational Profitability: A Study Of Real Estate Companies In India

Abstract

This study examines the influence of strategic management methods on the financial performance of real estate firms in India. The Indian real estate sector, marked by rapid urbanization and regulatory reforms, faces dynamic challenges and opportunities, necessitating a deeper understanding of the strategic imperatives driving organizational performance. Drawing upon a sample of real estate firms in India, this research employs regression analysis and correlation techniques to analyze the relationship between strategic management practices and profitability. The findings reveal a substantial positive relationship between strategic management practices and profitability within the Indian real estate sector. Regression analysis indicates a strong positive impact of strategic management practices on profitability, as evidenced by a coefficient of 0.621 and a low p-value of 0.000. The correlation matrix further underscores a moderately positive correlation coefficient of 0.589 between strategic management practices and profitability, suggesting a discernible association between these variables.
These results have important implications for real estate practitioners, policymakers, and stakeholders. By emphasizing the importance of strategic management practices, real estate companies can proactively align their operations and resources to optimize profitability and achieve sustainable growth. Policymakers can leverage these insights to formulate supportive regulatory frameworks that encourage the adoption of strategic management principles among real estate enterprises.