This platform tries to be a go-to source for understanding the evolution of the construction consultancy industry's business model. Join us in exploring the latest insights, strategies, and innovations that will shape the consultancy landscape of tomorrow. Together, let's navigate this transformative journey and stay ahead of the curve in this dynamic and evolving industry.
Understanding the construction consulting industry's business model necessitates considering its key elements, including value creation, value delivery, value capture, and value network.
The consulting industry
Before developing the construction sector of the consulting industry, it is crucial to gain a comprehensive understanding of the consulting industry by examining other sectors and their relevant success factors.
CONSTRUCTION PARADIGM SHIFT
There are distinct categories for a construction paradigm shift that can be used to develop insight into this topic. Chose one and start!
Business Model and More!
Construction is already in the perfect storm. Industrialization, globalization, and digitalization have been key drivers of change in all industries. While this change happened in sequential waves—for example, in auto industrialization in the 1970s and 1980s, globalization in the 1990s and 2000s, and digitalization in the 2010s and ongoing—all of these drivers are hitting construction simultaneously.
A closer look at its underlying performance highlights the industry’s challenges in good economic times, let alone in times of crisis. We expect a set of nine shifts to radically change the way construction is done. Companies that can adjust their business models stand to benefit handsomely, while others may struggle to survive.
Digital technology will change the interaction model: BIM models will lead to more decision making early on in the process, distribution will move toward online platforms and advanced logistics management, and end-to-end software platforms will allow companies to better control and integrate value and supply chains. Value-chain control or integration will reduce interface frictions and make innovation more agile.
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