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Effects of Competitiveness on the UK Construction Industry
Engineering and Construction
Pages 6 (1506 words)
EFFECTS OF COMPETITIVENESS ON THE UK CONSTRUCTION INDUSTRY Name Instructor Task Date Effects of competitiveness on the UK construction industry Introduction Competitiveness refers to the ability of an organisation to offer products and services in a competent and operative manner compared to other relevant competitors.
The success of an organisation in a given nation highlights the important factors that the organisation controls when compared to other organisations (Jones & Saad 2003). The UK construction industry enjoys various competitive factors that enable it to succeed in the current market. Some of the competitive factors within the industry include the good leadership strategies, strategic advantage, market advantage, good marketing strategies; furthermore, they have knowledgeable personnel, production advantage, modern technology, finance advantage, good administration and risk management advantage (Morton 2007). Effects of competitiveness on the UK construction industry The U.K construction industry has more than 300, 000 firms, which employs over 2 million individuals to perform several roles (Morton 2007). The construction industry typifies the material and products used in construction, suppliers and the producers of the construction material, building services offered by contractors, providers and installers of the services, constructors, sub-constructors, professional advisors , construction clients and the different organisations that specialise in design and building (Morton 2007). ...
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