logo

International Business Management

   

Added on  2023-01-16

18 Pages4676 Words37 Views
Leadership ManagementLanguages and CulturePolitical Science
 | 
 | 
 | 
Running head: INTERNATIONAL BUSINESS MANAGEMENT
International Business Management
Name of the Student
Name of the University
Author Notes:
International Business Management_1

2INTERNATIONAL BUSINESS MANAGEMENT
Table of Contents
Answer 1..........................................................................................................................................3
United Kingdom..........................................................................................................................3
INDIA..........................................................................................................................................4
Answer 2..........................................................................................................................................7
External environment...................................................................................................................7
Answer 3........................................................................................................................................12
Advantages................................................................................................................................12
Employment opportunity.......................................................................................................12
Controlling expenses.............................................................................................................13
Acquaintance with the local regulations................................................................................13
Market expansion...................................................................................................................14
Disadvantages............................................................................................................................14
Compromising Quality of the Resources...............................................................................14
Time constraint......................................................................................................................14
Difference in work culture.....................................................................................................15
Unfavourable word of mouth.................................................................................................15
REFERENCES..............................................................................................................................16
International Business Management_2

3INTERNATIONAL BUSINESS MANAGEMENT
Answer 1
Many construction firms have achieved competitive advantage over other firm when
seeking to win new work areas. Construction firms in various parts of the world has gained much
profits and has successfully satisfied their clients with the help of the operational tools like the
total quality management, bench marking and reengineering. The usage of these methods in the
construction industry has helped them to achieve success in the recent years. With the help of the
operating tools the construction firms has resulted in higher productivity, better productivity,
gaining goodwill with the employees and clients with their faster project deliveries in the
business market (Jennings and Beaver 2015). However the present topic which will be discussed
in the research paper is how the construction industries have gained a competitive advantage
over its competitors with the help of the operational effectiveness. This means that performing
the same work and similar activities far better than the rival firms in business market. This
research paper aims to study the factors that create the competitive advantage of construction
contractors in United Kingdom, India and Brazil.
United Kingdom
Contractors from various companies in United Kingdom achieve competitive advantage
for engineering and construction contractors through their acts of innovation. The contractors in
United Kingdom approach innovation in a broader sense. They includes both the usage of latest
technologies and modern ways of doing things in their work. They are known to be perceiving a
new road of competing things and finds better ways of accomplishing and completing things.
This helps them in gaining advantage over the companies which are known to be using the older
means of technologies and work models. Innovations can be include in various ways of working
like implementing innovation in product designs, finding out a new production process,
International Business Management_3

4INTERNATIONAL BUSINESS MANAGEMENT
opportunities in finding out new marketing approach or it can also be a new of conducting a
leadership and training process for the employees. Innovations help the contractors in the country
to gain a competitive advantage over the rival industries. According to Boxall and Steenevel
(2014) innovations in UK contractors does not only involve in developing and implementing
new ideas which are in the market, but implementing those ideas in work which was never
pursue by any other person in the industry. The contractors in UK are known to invest a huge
sum of money in developing skills and knowledge in their employees. The investments also
include spending money in the research and development of new machineries and physical assets
which are different and innovative from the competitor companies. Therefore this helps in the
brand reputation. Few innovative factors in innovations by the contractors in UK has helped
them to create competitive advantage over others. One of the most famous construction company
in UYK is The U.K Construction Private Ltd which has perceived the market by creating
innovative and entirely new market opportunity in order by serving the market segment which
was ignored by other competitors till date. The competitor construction industries have lowered
down their response in the market segment. With the use of latest innovation technologies and
skills U.K Construction Company has created a competitive advantage of the market segment.
INDIA
The environmental factor condition has led the constructors in India to gain a competitive
advantage over others. According to Shaw et al., (2016) the factors which has led the contractors
in India to gain a competitive advantage over the rival firms are mainly the easily accessible low
cost labour, abundant natural resources and vast stretches of land capital and use of the
innovative infrastructure. These are the determinants which determine the smooth flow of the
trade. India is known to export these factors which the nation is easily endowed with. In the
International Business Management_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Challenges Faced by Foreign Construction Companies in India
|24
|5779
|382

Competitive advantage in mobile phone industry
|28
|1905
|105

Market Analysis of Mobile Phone Industry
|28
|6777
|65

Entrepreneurship and Innovation in Construction Business
|6
|1934
|129

Business Strategy Solution Tesco: Assignment
|15
|5356
|66

Critical Examination of Porter's Five Forces and Tesco's Relevance
|13
|4314
|98