Strategic and Financial Management Report: Construction 2025

This report provides a comprehensive analysis of the Construction 2025 strategy, examining its strategic drivers and implications for the construction industry. The report reviews the strategy's key components, including the identification of the infrastructure company Vinci Construction. It delves into the company's operations, financial performance, and strategic initiatives, such as the Leonardo platform. Furthermore, the report offers advice on maintaining and gaining market share within the competitive construction sector, focusing on key areas like people, technology, sustainability, growth, and leadership. A reflective analysis highlights the importance of the construction industry to the UK economy, the challenges it faces, and the need for strategic planning and professional development. The report concludes by emphasizing the vital role of infrastructure in accelerating business operations and underscores the importance of strategic management within the construction industry.

Strategic and financial
management

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................1
TASK ..............................................................................................................................................1
STRATEGIC DRIVERS CONTAINED THROUGHOUT THE 2025 CONSTRUCTION
STRATEGY:....................................................................................................................................1
A). Review of 2025 construction strategy...................................................................................1
b). Identification of the infrastructure company.........................................................................3
People, skills, technologies, finance and innovation:.................................................................4
C). Advice for maintaining the market share or gaining the position in the market...................4
3. REFLECTIVE ANALYSIS.........................................................................................................6
CONCLSUION................................................................................................................................6
REFERENCES................................................................................................................................7

EXECUTIVE SUMMARY
Nowadays, this can be rightly said that the construction sector is one of the best sector
that could reflect construction sector where the country has a sound competitive edge. There are
certain sector where Britain has a strong competitive edge. This can have strong expertise in the
architecture, design and engineering and also UK organisations are the leading way in
sustainable construction problems. This is likewise a sector along with effective development
strategies, along with the international construction market in order to forecast for growing by
over 70% till 2025.
Vary in the global economy are emerging an advanced opportunities for the UK. For boosting
the economy, Government is striving hard for advancement of the infrastructure so that the entire
corporate industry could grow and have inspiration and drive to compete in an competitive edge.
This would happen after reforming of the planning system, ensuring financial support is
available for the main infrastructure projects. Government needs to work through which UK
various organisations are effectively placed in order to emerge advantages of these opportunities.
According to the industrial Strategy policy, government is forming long term partnerships along
with the sectors which could deliver most important growth. Construction is one of those sectors.
Where Government is operating with the public in an entire industry in order to emerge a most
effective industry. The outcome is the “Construction 2025” which is a joint strategy through
which government and the industry would set out about how they would work together in order
to put UK at the forefront of the international construction over the forthcoming year.
TASK
STRATEGIC DRIVERS CONTAINED THROUGHOUT THE 2025
CONSTRUCTION STRATEGY:
A). Review of 2025 construction strategy
Construction sector contains various sub-sector which covers activities which emerge
from mining, quarrying and forestry to construction of the infrastructure and buildings,
producing and supply of the products and the maintenance, running and disposal.
Construction results in the UK is higher than £110 billion per annum which contributes
7% of the total GDP. There are three main three quarters private sector, which contains
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Commercial and cultural, Infrastructure. There are around 60% of the total construction output
about the new build, on the other hand, 40% is related to the refurbishment and the maintenance.
The industry contributes for around 3 million jobs, and about 10% of the total UK
employment and contains both manufacturing and services. As per the Department for Business
Innovation and Skills, industry is formed as follows: Contracting covers 2,035,000 jobs, 2,35,000
businesses, services contains 590000 jobs which contains 29500 businesses, while on the other
hand, 310,000 jobs which have 18000 businesses (Moutinho and Vargas-Sanchez, 2018).
Construction have higher cost, higher risk, and takes higher activity, and so its
performance does have strong indicator of health of the longer economy. If the economy falters,
construction investment grinds to a halt, but if the economy started to recover, then in that case
construction industry could fast overheat. Global construction industry is fixed to foresee the
growth of 4.3% per annum till 2025, which focused in growing of the economy. Via considering
a higher strategic approach to the international trade, and aim of UK comparative strengths, there
is an opportunities for UK comparative strengths, there is a scope for UK to considerably expand
its shares of the international export markets.
To drive our vision for Construction 2025:
The world population is predicted by UN which would enhanced to 9 billion over the
next 50 years which is currently at 7.2 billion. However, this can be said that the majority of the
total population is predicted to be in the Urban environments. Africa's population is expected to
be increased to be double in the next 40 years (Bryce, 2017). These major demographic shifts
reflects substantial infrastructure issues. While, India would become the 1st most populous
country in the planet. These leading demographic shift demonstrates current infrastructure issues
such as water transport and power. These all are in the UK industry are effectively done.
Construction 2025 is a partnership strategy between industry and Government in order to
transform construction industry. Central to the industrial strategy is the growth of long term
partnerships between Government and those sectors could deliver important growth.
Construction is the crucial sector which have strong influence on the performance of the wider
economy.
But construction faces various challenges. Its businesses are making struggle to access
finance. Construction industry can do better in the export markets. UK has a world class
expertise in the architecture, design and engineering. British infrastructure companies have the
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unique concept of sustainable construction solutions. Changes in the global economy providing
new and advanced opportunities throughout advanced opportunities along with the international
construction market which fix to emerge by 70% till 2025. But the genuine efforts are made if
they could grab these opportunities.
b). Identification of the infrastructure company
Vinci Construction company is one of the best leader in concessions and construction
segment which benefits for a group which harness a culture of innovation to deliver tools
expertise in talking more frequent projects (Hill, Jones and Schilling, 2014). Vinci organisation
in UK turnover in UK which have region of £2 billion per annum and employ circa 9000
employees. This represents 6% of Vinci's €38.7 billion turnover and 30% of Vinci's European
turnover outside France. Vinci employs around 185000 people in 100 countries throughout the
planet.
Vinci Construction UK is national construction and amenities organisation and is largest British
subsidiary of Vinci. This construction UK has an effective connection with other Vinci
organisations and subsidiaries and, as an outcome, could leverage ideas, skills and owners flair
to deliver top-quality work in whole sectors. Vinci company reopened after renovation works in
2016, Queen Elizabeth Olympic Park Stadium in London which welcome around 2.5 million
spectator at 51 diverse events.
In general with the core businesses, where dealing has a short operating cycle and
concessions and operations which covers long ones, Vinci innovation policy main aim to
regularly enhance its operating performance and project itself forward into the business models
of the forthcoming in response to the new challenges of the urban environment and also the
sustainability.
The main initiatives of 2017 was made as the advanced and innovative platform which
names as Leonardo. This platform purposes to introduce business lines together so that group's
activities and markets might vary in the face of the issues like sustainable city and advanced
form of mobility which helps to make the company at a global level (Ward, 2012. Leonardo
likewise introduces employees on the board from diverse business line into the forthcoming
working groups, normally led by a member of the executive committee. Their role is to
determine the issues, opportunities for change and emergence drivers for Vinci in the next
forthcoming years which might build to form the way to form new products and services. Four
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groups were formed during 2017. they would form reports on their own work in the next years
on the under mentioned topics (Rothaermel, 2015). Autonomous vehicles and their impact on the
infrastructure construction and others. Fulfilling foresight approach and working within a shorter
time frame. Leonardo has an operational mission, working with the post of project accelerator.
Selection committee consisting Vinci company and partners members' adopted 11 from the total
projects, which works in diverse segments like 3D printing, circular economy of wastage of
material at a workplace, climate resilience, shared living. Leonardo renders entrepreneurs along
with the comprehensive, two tier reinforcement program, accessing them to work part time and
after that the whole time on the growth of their project. Cited project of the company could
likewise integrated with initiatives which has launched by the group business lines.
People, skills, technologies, finance and innovation:
While making the business sustainable of the cited construction company, there is a
strong need to assess the people which are directly or indirectly related to the organisation, skills
of the employees and other specialised workers which are connected to the organisation.
However, techniques plays a strong role which ultimately helps out the organisation for making
the business sustainability in an effective manner. Advancement in the strategy would operates
the working environment efficiently (Pierce and Aguinis, 2013). Although, this could be rightly
said that the Vinci Construction have handsome profits which ultimately helps to deploy the
funds in its diversified business. Vinci has made various innovations which has been made on the
basis of diverse structure in an effective manner.
C). Advice for maintaining the market share or gaining the position in the market
For maintaining the market share of the organisation, this can be suggested that the
company needs to make certain tools. In the initial time, UK government and the industry's
vision and aspirations are framed out throughout 5 diverse areas.
 People: For construction to form an industry which is recognised for its talent and diverse
workforce.
 Smart: To have an industry which is strong and technologically advanced, cited
organisation would need to have a smart tools and techniques that could leads to make a
sustainability in the market.
 Sustainability: To maintain or gain the market share, an industry would leads to have
low carbon and green construction exports.
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 Growth: For gaining the market share, company would need to adopt the growth
opportunities in an effective manner.
 Leadership: there is a strong needs to have the leadership which could introduce an
efficient gain in the market or maintain the market share effectively.
For making the consistent development in the market, cited company would requires to
have an consistent professional development which could be a potential solution to top up the
gaps in the skills in the lesser time. Construction industry is at the most positions which have a
tremendous demand that could aims to make sustainability (Morschett, Schramm-Klein and
Zentes, 2015).
These are the most effective tool that could leads to gain the sustainability. However, by using
these tools, company could attempt to maintain the market position in an effective manner.
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3. REFLECTIVE ANALYSIS
After analysing the report, I personally gained vast knowledge about the construction
industry as this is the most basic sector which specially helps others in an effective manner.
However, by using discretionary knowledge, I personally feels that the infrastructure sector
ultimately contribute to the over all economy of the country. From the above mentioned report, I
felt that the construction industry is the diverse one. From the beginning of mining, quarrying
and forestry, industry operates entire ways from design, product, production and construction via
to the handling of our building and infrastructure assets and at times into their operations and
disposal. Supply chain could be the more complicated. Organisations in this industry range from
the planet renowned design practices via working on the an important projects.
What unites industry is the fact that which it touches whole our working, social and home
lives each day in a tangible and visible manner. This directly and spontaneously affects on our
quality of life. I realised that the construction industry has formed crucial changes as an outcome.
Government also has formed genuine improvement as this would assist the organisation for gain
the sustainability.
For gaining the sustainable development in this sector, I need to make effective plans
which will further contribute to the overall economy as well. Via which, planning could help to
make certain development. I need to adopt these tools for making the business up-gradation.
CONCLSUION
From the above mentioned Report, this can be said that that infrastructure plays vital role
in respect of accelerate function and operations of business in the UK. This is one of the essential
aspect in respect of boosting the structure of economy for better growth and development of
organisation. Economy of UK is basically centralised around emerging entrepreneurship skills
and business. This is the internal part of the economy which not only assist the economic growth
but also provide vast opportunities of employment. This also improve the structure of business at
large level and also build up the great and good image of nation form security and quality
prespective.
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REFERENCES
Books and Journals:
Moutinho, L. and Vargas-Sanchez, A. eds., 2018. Strategic Management in Tourism, CABI
Tourism Texts. Cabi.
Bryce, H.J., 2017. Financial and strategic management for nonprofit organizations. Walter de
Gruyter GmbH & Co KG.
Hill, C.W., Jones, G.R. and Schilling, M.A., 2014. Strategic management: theory: an integrated
approach. Cengage Learning.
Ward, K., 2012. Strategic management accounting. Routledge.
Rothaermel, F.T., 2015. Strategic management. McGraw-Hill Education.
Pierce, J.R. and Aguinis, H., 2013. The too-much-of-a-good-thing effect in management. Journal
of Management, 39(2), pp.313-338.
Morschett, D., Schramm-Klein, H. and Zentes, J., 2015. Strategic international management (pp.
978-3658078836). Springer.
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