Analysis of Bechtel Engineering's Construction Industry Strategies

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Added on  2022/08/20

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This presentation provides an in-depth analysis of Bechtel Engineering's operations within the Australian construction industry. It begins with an overview of the construction sector in Australia, highlighting its revenue, growth, and the types of businesses operating within it. The presentation then focuses on Bechtel Engineering, a global leader in the construction and engineering field, detailing its vision, values, and business plan. It explores Bechtel's current construction projects, including tank construction and gas processing terminals, and examines the company's recognition within the industry. Furthermore, the presentation covers Bechtel's project safety measures, corporate social responsibilities, and the strategies it employs to maintain a competitive edge. These strategies include investing in people, sharing knowledge, rewarding employees, delivering on promises, leveraging global experience, executing projects effectively, and building the company for the long term through innovation and sustainability. The presentation concludes by showcasing the company's commitment to its vision, values, and long-term goals, emphasizing its impact on the construction industry and its dedication to its employees and the communities it serves.
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Power Point
Presentation of
Construction
Industries
BECHTEL ENGINEERING AND CONSTRUCTION
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Construction industries in
Australia
The construction industries in Australia is mainly focused on the
construction, demolition, renovation and as well as maintenance or
repair of the buildings and renovating the infrastructure.
In general the construction industries are known for covering a wide
range of services direct from to planning and as well as surveying
from structural construction business to the end of the finishing
services like painting and decorating.
Therefore the constriction industry is known for making more than
$350 billion revenues which is helping to uplift the Australia’s Gross
Domestic Product by more than 8%. It also has and annual projected
rate of 2.6% in the upcoming five years.
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Construction industries in
Australia
The companies or business organizations which are present in the
business industry is known for being either sole traders or are very
small business organization which are known for employing less than
20 to 30 employees or workers in the team. All the business
organizations are mostly owned by the sales which are occurring in
the domestic market as well as in the market abroad (Hu and Liu
2016).
However in the present date the construction industry in Australia is
heavily regulated by various other sectors like the VET sectors and
have variations from the construction projects.
Therefore in the present date the industry is trying to levy various
types of training services in order to reduce the cost of the
production and bring in variations in the project. The money is
collected from the government in order to levy the cost of the
training to the workers.
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Bechtel Engineering and
construction
Bechtel is one of the leaders in the construction and engineering. It
also deals with various types of procurement and construction
business from the date of establishment (Riccò, Balzarini and
Signorell 2019).
The business organization is one of the most respected global
engineering industries found in Australia that deals with various
types of construction industries.
The company is known for working with the employees and
together with the customers in order top reach and achieve the
goals set by the top management and managerial department of
the company, in order to help the economic growth of the company.
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Vision for the company …
The main vision of the company is to be world’s largest and premier
construction, engineering and project management companies. The
company is trying to achieve the vision so as by achieving various
types of extraordinary results fro the customers. The company is
aiming to surprise the customers so as by satisfying the needs of the
people and earning a fair return o the values delivered by the
company (Senaratne, Lambrousis and Kang and 2017).
The company owns values like it is known for having a diverse
culture which include huge amount of work collaboration with the
environment they are working with.
Regarding the relationships the company is trying to build positive
and as well as long term relationships with the employees so that
they can continuously improve their business operations (Grover and
Ziegler 2017).
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Business Plan for Bechtel
Regarding business innovations the company is trying to develop
and apply few of the world class technologies in their operations. The
best part of the company is that they try to learn with each and
every instances. According to the author Leviäkangas and Moon
(2017) the company as a team tries to learn from its mistakes and
tries to listen to various types of things in order to improve
themselves.
The company also aims at attaining the sustainability o as by
continuously improving the quality of the life of people living in the
communities. The business organization sis known for working with
collaboration and cooperation with the community members and
respect the traditional culture of living. It also engages the local
people to work with them and protect the environment.
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New Business of Bechtel
Constructions
Regarding their new business the company is grateful so as by
undertaking the projects in constructing various types of
construction tanks at the Shell of Penninsylavia Petrochemical
Complex Project which is presently in the northern areas of
Pennsylavia. The work is known for including the construction of 19
flat bottom tanks which are spheres in shape.
The company is also involved in the construction of an Onshore gas
processing terminal which is located in Alexandria Egypt. The
business organization facilities is aimed at producing more than one
fourth of Egypt’s gas supply once the commissioning is completed in
the year of December 2018.
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Industry and Colleague
Recognition
Regarding their employee recognition it can be said that the
company is working over various types of projects, teams,
colleagues and customers with various types of safety measures and
policies.
The business organization has been ranked as no 1 in the
engineering News Record List of the top 500 US Contractors for the
18 consecutive years.
The business organization is known for having the rank of owning
more than 20 petroleum, top 20 transportation business and top 20
industrial contractors abroad.
It also has received various types of awards regarding the business it
follows so as by promoting various types of work safety achievement
at the Hanford Waste Treatment Plant Projects.
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Safety implications and project safety
measures led by the company.
Regarding the project safety measures it can be said that the
company is known for promoting public safety and project safety
measures both to the employees and to the employees and with the
workers with whom they are working with. The company is
continuously improving the environmental safety standards.
Regarding the sustainability in their business standards the company
is known for aiming to work with the low class workers who are need
of money, so that they can support their family and children.
The company therefore is contributing beyond the year 2018 huge
amount of money to invest in people and ideas which has long term
potential for the company. The company will also dream to deliver
new landmark and improve the world with their construction
business.
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Values of Bechtel which separates
it from, the competitors
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CSR of Bechtel Construction
Industries
Regarding the Corporate Social Responsibilities of the company it
can be said that the company is know reaching out to more than
5,000 students worldwide. The company is also trying to focus on
engineering over small scale industries and improve the quality of
life for the residents who are living in the country.
The company is also trying to showcase the year round commitment
by giving back to the communities where they have lived and
worked for years. According to a research work which was initiated
by the author in the year of Leviäkangas, Paik and Moon(2017) it has
been found out that the colleagues are more passionate with their
work and are ready to make a difference with the other competitors
in the market.
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Strategies which are used by the
company.
Invest more in people
Inspire – The company works in developing and growing
with the people who are the most important asset for th
company
Share – Regarding sharing the company is known for
working on talent management, experience, sharing
knowledge and opportunities across the country.
Reward – The company is also trying to recognize and
reward the employees by sharing business returns.
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Strategies which are used by the
company.
Perform as Promised
Deliver – The company tries to deliver what they promise
to the customers or the clients.
Leverage – The company tries to share unique
experience to a global reach with deep capacities which
will in a way share the benefits of the customers.
Execute – with the help of continuous improvement and
delivering ethics and within budget of the clients. The
company is known for performing voluntary actions to
foster the needs of the clinets.
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Building the company for a long
term
Balance – According to the author Denton (2016) the company is
working with a short term risk and providing reward with a long term
perspective in mind. The employees who are associated with the
company is known for thinking, planning and acting for a long term
interest of the customers.
Sustain – Regarding the point of sustainability the company is
working with strong values which includes various types of self
management that is owned by the private organization.
Actively manage – The company is known for keeping a balanced
portfolio of being the best but not only being the biggest. The
company is eventually trying to improve the operations by building
self perform and evaluation model.
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Building the company for a long
term
Innovation and invest – Regarding the innovation and investment it
can be said that the company is trying to actively mange various
types of active measures in order to actively win the race over the
competitors. These strategies are known for increasing the
competitiveness of the organization. The company is now in the
present date of making various types of plans and policies in order
to deliver values to the customers.
The company is trying very hard to achieve the vision which they
have differentiated themselves from. The performance of the
company is thus combined with various types of qualities that has
helped the company to achieve a huge amount of customers base
and stick to the long term commitment.
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References . . .
Loosemore, M., Lim, B.T.H., Ling, F.Y.Y. and Zeng, H.Y., 2018. A
comparison of corporate social responsibility practices in the
Singapore, Australia and New Zealand construction industries. Journal
of cleaner production, 190, pp.149-159.
Hu, X. and Liu, C., 2016. Carbon productivity: a case study in the
Australian construction industry. Journal of cleaner production, 112,
pp.2354-2362.
Hu, X. and Liu, C., 2016. Profitability performance assessment in the
Australian construction industry: a global relational two-stage DEA
method. Construction management and economics, 34(3), pp.147-159.
Leviäkangas, P., Paik, S.M. and Moon, S., 2017. Keeping up with the
pace of digitization: The case of the Australian construction
industry. Technology in Society, 50, pp.33-43.
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References . . .
Senaratne, S., Lambrousis, G., Mirza, O., Tam, V.W. and Kang, W.H.,
2017. Recycled concrete in structural applications for sustainable
construction practices in Australia. Procedia engineering, 180,
pp.751-758.
Riccò, M., Vezzosi, L., Balzarini, F., Odone, A. and Signorelli, C., 2019.
Air temperatures and occupational injuries in the construction
industries: a report from Northern Italy (2000–2013). Industrial
health, pp.2018-0268.
Grover, P. and Ziegler, D., 2017. Jon Berkoe, Philip Diwakar, Lucy
Martin, Bob Baxter and C. Mark Read Bechtel Corporation. Essential
Readings in Light Metals, Volume 2, Aluminum Reduction
Technology, p.421.
Denton, S., 2016. The Profiteers: Bechtel and the Men Who Built the
World. Simon and Schuster.
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