VINCI BLOG Strategies for Increasing Profitability: Insights from the Construction Industry
نویسنده
چکیده
The effect was two-fold: Firstly, it increased the number of market exits (bankruptcies) and the number of consolidations (mergers and acquisitions). This decreased the number of firms, and increasing the level of concentration. Secondly, it changed the industry’s investment strategies, from investing in new knowledge and technology, and innovation, towards cost-cutting and outsourcing. This decreased the industry’s level of innovation, and increased its dependency on external partners.
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