Construction strategy – UK style
Our focus in this short course is on developing an organisational strategy, which occurs as part of an organisation’s strategic management process.
One key area of guidance would be to evaluate the future plans of your biggest client. For the UK construction industry, the biggest client is the UK government.
The UK government realises the economic importance of the UK construction industry, both in terms of delivering physical outputs, ie roads, bridges, schools, hospitals etc, and wanting to further the ‘Keynesian’ economic multiplier effect of construction output.
Very briefly, the Keynesian economic effect gets its name from the 1930s economic theory suggested by John Maynard Keynes, which is described below using the example of the affordable housing initiative in the UK:
Therefore, to reflect the importance of construction to the national economy, the UK government produced its latest strategy: Construction 2025: industrial strategy for construction – government and industry in partnership.
Download the Construction 2025: industrial strategy for construction – government and industry in partnership document and read the Executive Summary (page 3) and the Vision for 2025 on pages 4 and 5.
What do you consider are the main implications for the small, medium-sized, and large construction organisation? Pick one key item for each and post the answers in the comments.
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