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Author Question: What strategy do you suggest a construction company adopt when establishing a presence in a new ... (Read 95 times)

s.tung

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on: Jul 26, 2018
What strategy do you suggest a construction company adopt when establishing a presence in a new geographical area?
 
  What will be an ideal response?

Question 2

What are three external influences on business failure within the construction industry?
 
  What will be an ideal response?


rachel

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Reply #1 on: Jul 26, 2018
Answer to Question 1

A recommended strategy is either to undertake a series of small projects to learn the environment or to enter the market with a customer with whom the company is familiar.

Answer to Question 2

External influences that may impact business failures are prolonged economic recessions, loss of a major customer, new competition, and shortage of skilled labor.


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