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Economics and management Quantity Surveying - Essay Example

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It is noticed that it is the most important contributor of the economy in United States (US). In 2001, Bureau of the Department of Commerce in United States declared…
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Economics and management Quantity Surveying
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Download file to see previous pages onstruction industry worldwide employs huge numbers of workers as this industry is labour driven; if there is lack of labour the construction industry encounters huge challenge. The attrition in this industry is higher compared to others as wage becomes the problem (Wong, 2003). The labours do not get the motivation to work in this sector as they cannot find ways to improve their standard of living by employing their skills.
Construction companies concentrate on planning, leading, organizing and controlling the operation in order to excel in the present competitive world. Managers focus on these aspects before executing the project. There have been a number of researches pertaining to construction industry, which have highlighted the fact unambiguously that the project managers are the most important success factor of the projects. Herbert et al. (1970 cited in Goetsch and Davis, 2006) has identified that little attention has been given to the leadership issue that arises in the construction industry on a regular basis. In spite of this situation, there are several researches pertaining to this issue and the authors have provided their views accordingly. Although the researches failed to address the main issues in the industry instead, they highlighted the general problems that are encountered by all the industries worldwide. The reason behind the inefficiency to provide the exact reason pertaining to effectiveness of leadership in construction industry is the lack of understanding. Therefore, the present essay lays emphasis on the importance of leadership in the construction industry (Hotho and Dowling, 2010).
Leadership is defined as the behaviour of an individual by virtue of which one aims at directing or controlling a group of team members. It is a reciprocal process that encourages individuals to concentrate on values, political and economic resources so as to achieve an ascertained goal. The leaders should posses the ability to direct their subordinates ...Download file to see next pagesRead More
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