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The Construction as a Revolutionised Industry - Research Paper Example

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From the paper "The Construction as a Revolutionised Industry" it is clear that organisations are quite different basing this on their management practices, environment, culture and structures. These aspects act towards shaping a firm’s identity which distinguishes it in the market environment…
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The Construction as a Revolutionised Industry
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Download file to see previous pages It is important to note that nations depend on their construction industry for their infrastructural developments making them quite important in facilitating national development. In this regard organisations offering construction work tend to be well regarded while certification requirements and procedures prove to be rigorous. In many countries like the US and UK among others, there are definite rules and oversight bodies set to regulate the actions of construction firms. This paper aims to consider the construction industry and its various facets in developing the premise that there is no single ideal organisation. PESTEL analysis of the construction industry Political/legal factors Government involvement entails the various interventions in regards to set laws and standards in the construction industry. As mentioned earlier governments have established regulations and standards for construction organisations to follow. Most of them are in regards to the safety and health of workers since construction entails risks that result in many accidents and fatalities in some cases (BIS 2011). In case of failure to adhere to them stiff remedial actions like fines are imposed after inspections or when an accident occurs. Taxation is another aspect where governments exert pressure in the construction industry. This is an industry whose taxation is high mostly due to their heavy-duty kind of work (Liebing 2001). The contracts also attract hefty sums of money which the governments are quite willing to tax. Regional Norms In regards to the European organisations the EU laws also affect how these construction firms operate. Regional trading blocks have become quite influential with time as the world becomes a global market place. EU, for example, aims at establishing common standards not only for the construction industry but to all (Dalby 1998). In this line, firms are being forced to follow alien laws that are not necessarily desirable for business. ...Download file to see next pagesRead More
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