Critical Factors for The Business Model In Construction Companies
This research allowed to obtain the critical factors for the implementation of the business model. The aligned key decisions that must implement for its effective use. And the benefits generated because of its use. The target population made up of the member companies Chamber of Construction, represented by top 136 companies including: construction, real estate, and suppliers. We offer high quality work for construction companies in Lahore.
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Statistical Analysis of Business Model
The information obtained through direct interviews with executives of companies. In this regard, 57.7% make effective use of the business model; 23.1% have designed it but do not use it and 19.2% of companies know about it or have heard of it, but have no interest in designing or using it. It follows from the statistical analysis and the proposed models.
This exploration produced basic for the execution of the plan of action. This adjusted key choices that should complete for convincing use and benefits delivered because of its usage. The objective comprises by the part organizations of Construction. We offer high standard work for construction companies in Lahore.
Investment And in Real Estate
In the Construction sector at the national level, a positive dynamic has observed in the last five years. Both in investment and in real estate sales, because of following:
- Economic growth,
- High levels of employment,
- Increase in wages and low mortgage rates.
However, an indicator must keep in mind, given that during 2014 at the national level. A growth in sales projected compared to 2013, between 0.4% and 1.9%, less than the 3.3% of 2013.
Strategies For Sustainable Added Economic Value
Therefore, being important, it is urgent to make strategic management. A daily work practice. Understanding it as the process that allows to base and stimulate decisions. To formulate and successfully implement the strategies. That will give the company a sustainable added economic value to stakeholders.
Competitive Advantages of Companies
It has shown that in this sector the increase in the competitive advantages of companies. This depends on market positioning, improvements in profitability and efficiency. If the products and services of the member companies have value for its market. That is why it is a strategic challenge to identify and manage the needs not expressed by its customers. We offer high quality work for construction companies in Lahore.
Productive Goals (Quality and Cost)
Addressing social connections that make segmentation difficult to provide a mix of creative and administrative cases. Therefore, industry organizations are loyal to consumers given the effective achievement of goals (Quality and cost) for their local organizations.
Effective Use of The Business Model
The effective use of the business model in the member companies. Although it has a direct impact on increasing the competitive advantages of these companies. It requires that their operational and strategic decisions aligned and helpful with each other. Focused on the environment, which implicitly demands from companies the challenge of continually increasing their power in the industry.
Therefore, considering the relationship with customers and their stakeholders as its source. This is in line with what is proposed. This considers that the business model is the competitive response to long-term strategic situations of companies. Hence, customer relationship strategies must be based on constant communication. This in the long term makes customers defend the company. And, in turn, allows the achievement of organizational objectives, which is key to profitability and viability of the company.
Organizational Efficiency and Coherence
Successful implementation of corporate action plans. However, it directly affects the expansion of the benefits of these organizations. They expect key features and selection options to improve and support both parties. Pay Attention to the Climate. This confirms that the organization is asking you to test the continued expansion of your business.
In this way, relationships considered with customers and partners. This can consider as a plan of action as a best response to the organization’s long-term crisis. After that, the process of establishing a relationship with the customer should be based on continuous interactions. This allows customers to support the organization and thus achieve hierarchical goals. This is important for the efficiency and interoperability of the enterprise.
Contribution Of the Effective Use of The Business Model
The contribution of the effective use of the business model requires, as well as the implementation of a strategy, that these companies pass from traditional control to management control of the different components of the business model such as; value creation, value delivery and value capture.
KPIs (Key Performance Indicators)
Understanding that evolution is more complex and challenging. However, traditional control focuses on the use of KPIs (Key Performance Indicators) to evaluate the goals. While management control also implies managing the environment and the internal ecosystem.
Economic Value for The Company
Also, human behavior, as a mechanism to ensure operational achievements aligned with the strategic framework. Consequently, achieve or exceed the achievement of the latter and therefore, the achievement of the economic value expected by the company.
Interactions with entrepreneurs participating in the study and analysis of samples, obtained the following information:
- For instance, it proposes to demonstrate the presence of a loyal type of customer that operates at a level that can describe as a “partner client” for sustained loyalty.
- And continuous contributions to the company.
- And the strategic need to proactive build of market demand.
This promises of relationship between customers and it highlights companies.
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