Business Model Canvas and streamlining value for your business
Before you start implementing all sorts of changes to your business you need to take a good and hard look at it. And you can begin with determining the core value stream. According to IASA, a value stream is defined as a representation of how an organization configures its business capabilities to deliver value to an internal […]
Should your Business diversify?
If you own a business, you likely have thought of diversifying your company at one point or another. It is, after all, a strategy to increase your revenue and grow your company. But there are many questions about diversification that stops owners from taking that leap forward. There are many concerns and doubts that fill […]
What are constraints in the construction business?
There are many constraints in every industry. But there are instances where we become unaware of the existence of the constraints. Or we tend to put more emphasis on the goals of the project. The construction industry includes a multitude of parties that would bring complications in the management of the project. This could lead to […]
Feedback and the Construction Industry
In any business, feedback is important and this is especially important for the construction industry. The term itself refers to the interaction between systems and their corresponding surroundings. If the surrounding effect of the system is then fed back to it as an input, it can directly contribute to shaping its future output. Feedback can […]
The importance of time in the construction business
“Time is money” is a famous saying that is true for any business, especially the construction industry. This saying is an old cliche that everyone has heard of at least once in their life. But it’s true for every business. As an owner, you can’t afford to slow down. Improving decision-making processes can save time […]
The construction industry and cybersecurity
The construction industry is a lucrative industry with massive project budgets being established regularly. This naturally makes them a target for cybercriminals. And the construction industry provides access through more than one access point. Also, some businesses in the industry aren’t focusing on cyber threats and they lag when it comes to executing digital security […]
Construction, Business, and the Government
The construction industry plays a distinct role in the economic growth of a country. It provides the basis upon which other sectors can grow through the construction of structures and facilities that is needed for the production and distribution of other industries’ products and or services. The construction industry also has great employment-generating potential for […]
How to find your Business competition
But in the world of business, especially in construction, a competitor is not inherently a bad thing. Having a competitor is unavoidable and beneficial to the growth of the business. Knowing who your competitors are will help you understand where your company stands in the market. It will help you understand the environment your business […]
Investing in Construction in 2020
The construction industry is more than just a person with a hard hat hammering away at a nail. It’s more than just painting the walls or flooring a house. There are many complex components and companies involved in the industry as a whole. The industry encompasses everything from the stage of planning the build to […]
How to strengthen business engagement and partnerships
Partnerships are beneficial for any business. Whether the partnerships be between suppliers, contractors, resellers, or even outsourcing companies the relationship your business has with them has immense value. But fostering that relationship with other companies is extremely beneficial to you because they can help expand your client base with a new targeted audience or demographic, […]