Business environment and strategic planning Essay

Business environment and strategic planning - Essay ExampleVarious factors which be specific to the industries in which planetary houses operate such as - economies of scale, product differentiation, degree of concentration of various firms in that industry as well as barriers to marketplace entry significantly affect their performance (Hoskisson et al., 2008).This paper aims to discuss the impact of reclassification of a firms industry sector, on the industry, and the factors affecting its strategic management. It too includes an analysis of the companys value chain five forces analysis of the industry it operates in core competencies and key issues the five forces framework. The leading construction firm Carillion Plc., UK is selected for the purpose of this study.Carillion Plc., is one of UKs leading support services companies, with a substantial portfolio of Public Private Partnership (PPP) projects and extensive construction capabilities. It has its business operations in v arious countries including the UK, Middle East, Canada, North Africa as well as the Caribbean, employing about fifty thousand people worldwide, and annual revenues worth more than 5bn. It operates in various market sectors such as defence, education, health, building, facilities management and services, roads, rail, civil engineering and utilities services etc. (Carillion, 2010a).Its key business strategy is to aim for sustainable harvest-time in the support services and PPP projects create, develop and market bespoke integrated solutions to its customers in the areas of project finance, design and construction as well as maintenance and lifetime asset management solutions. It also aims to maintain a strong and selective construction capability for long-term support service customers.As a part of this strategy the company has undergone significant changes over the years, primarily in the industry sector to which it belongs. Carillion has been reclassified as a