1. A study on business models in construction industry – A review.
- Author
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Arokiaprakash, A. and Arun, D.
- Subjects
BUSINESS models ,CONSTRUCTION industry ,BUSINESS planning - Abstract
Construction industries operating in different parts of the world mainly aim not just to maintain a constant level but to outperform and to sustain improved performance in this competitive world without any hurdles. A company must have a business model and strategy to do their work and outperform its other competitors. In the journal studied, it was shown that many companies lack a definite business model and strategy. Even if they do have a business model and strategy they are often poorly developed and many show a lack of knowledge. Having a business model does not only have a positive impact but brings very few negative impacts as well. This review paper mainly aims to demonstrate the business models in practice and their importance for a company to attract and secure investment. The better a company has a business model and strategy, must also have proper knowledge of them and know how best to implement them. These companies having business model and strategy show excellent growth compared with companies without models and strategy. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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