Does your business model still deliver the goods?
Most property & construction companies need to review, and possibly renew, their business models. Grant Thornton have produced a report, written in cooperation with the Economist Intelligence Unit, that reviews issues around the resilience and robustness of business models in the sector over the past 18 months and how they may fare in the future.
A key finding of the research indicates a lack of urgency, even complacency, among two-thirds of respondents, when faced with the need to change the ways they do business.
Most property & construction businesses surveyed turned to cost cutting at the outset of the recession, and only a small percentage appear to have taken opportunities to better position themselves as the upturn comes. Having taken aggressive measures in the past two years to adjust their cost structure, property & construction businesses are now focusing their attention in particular on their target markets.
We believe that this report will stimulate board room discussions about strategic options, and trigger the move from retrenchment to fresh thinking to capture the fleeting opportunities available.
Please click here to take you to the New Business Models webpages.
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