Strategic Challenges Faced by Mace Construction Company

Mace

Table of Contents
INTRODUCTION...........................................................................................................................3
Q 1: Critically analyse the strategic position of your chosen (for-profit or non-profit)
organisation through a critical evaluation of the critical/ key success factors (KSFs) in the
market or sector your chosen organisation operates. Parallel to the above analysis you are
required to identify and evaluate the main strategic challenges impacting your chosen
organisation in the short to medium term....................................................................................3
Q 2: From your answer to Q 1, select ONE key strategic challenge; identify and critically
evaluate the various potential solutions that are available to the organisation in relation to this
strategic challenge.......................................................................................................................7
Q 3: Following on from your answer to Q 2, critically analyse how the organisation could
(practically) implement your recommended solution..................................................................9
REFERENCES..............................................................................................................................12

INTRODUCTION
Strategic management is defined as an important factor that is helpful for a company to control
and handle various business activities. For any organisation, it is important that they must be
having proper planning so that organisational goals are achieved in specified time. The following
report is based on Mace. This is a global consultancy and construction firm which has
headquarters in London. There are approximately 5000 employees working in this organisation.
This is a company which was founded by a group of construction and it was founded by Ian
Macpherson. The different operations that this company is conducting are programme and
project management, cost consultancy, construction delivery, etc (Hudecheck, and et. al, 2020).
This report will help in understanding what are the strategic challenges that a company faces
within market. This includes various problems related to the company while strategic position of
the company.
Q 1: Critically analyse the strategic position of your chosen (for-profit or non-profit)
organisation through a critical evaluation of the critical/ key success factors (KSFs) in the
market or sector your chosen organisation operates. Parallel to the above analysis you are
required to identify and evaluate the main strategic challenges impacting your chosen
organisation in the short to medium term.
PESTLE analysis of Mace
Pestel analysis is done by the Mace construction company for analysing the functioning of
company in accordance with political, social, economic, technological and environmental factors
which are prevailing within the external environment. An effective research is required by this
company e in order to lead construction industry and generate good profit.
The pestel analysis of construction industry helps in in analysing the various external
environment factors which impacts The functioning of company. Pestle is defined as the
management technique used for identification of external risk faced by the company(Du, and
Chen, 2018). Construction projects are very different from common business operations.
Different construction projects are assigned to Mace construction company for generating profits
and revenue. There are are various characteristics of the construction projects such as non
tradability of output, huge amount of cost because of heavy investments, etc. There are chances
of lot of risks within construction projects. The construction companies have to incur losses

because their working includes lot of risk. The different factors of PESTLE analysis in context of
Mace construction company are described below –
Political factors - these are defined as those factors which highly affect functioning of
construction company like Mace. There are several kind of permits as well as documentation that
has to be done by various construction companies in order to work effectively. In the
construction process of working, there are several type of documentation which is done by the
help of government regulations and rules (Mohammed, 2017). The political factors like
government regulations, construction industry laws, legal laws of business given by government,
etc. Are adopted by Mace construction company e for or doing business without any e problem.
Economic factor - the economic factors are defined as those factors which consists of economy
functions. These have direct impact on function and working of any company. When there is
increase in in inflation rate in economy, then this effects the way in which Mace organisation is
setting the price of product. By taking into consideration various economic factors, Mace
construction company develops change in model of supply and demand. The different economic
factors consist of foreign exchange rates, economic growth, inflation rates, patterns, etc.
Social factors – These are defined as the factors which affect the functioning of any
organisation. It is essential for the construction company to analyse all the demands and needs of
customers while working in the construction company (Engelseth, and Le, 2017). It is important
for this company to maintain the effectiveness of the company by analysing demands and needs
of the company. The social factors includes different events which affects market and
community in social manner. There are various merits as well as demerits of individuals who
have to stay in places where construction projects are organised. Some of the social factors on
which the company works includes global warming, population, cultural expectations, career
altitudes, etc. It is very essential for the company like Mace construction to analyse the needs and
wants of customers before involving into various construction projects. For a construction
company, it is concluded that they are working effectively for managing and handling various
constructions and design.
Technological factor - these are defined as factors which are related to use of latest techniques
and tools within the company. It is very important for every successful organisation to adopt
latest techniques within the functioning for generating huge amount of revenue. In context of
Mace construction company, new innovations and change in technology is faced by this