3). The historic performance of the construction industry has remained positive, even during downturns in the national economy. In fact, the last decade has been a period of healthy growth from the construction industry worldwide; however, a continued economic slowdown may result in somewhat slower growth in the future (Law, 2008).
The historic growth patterns of the construction industry are shown in Table 2 below and illustrated in Figure 1.
Table 2.
Construction industry market analysis: 2001-2004.
Compound Annual Growth Rate (CAGR)
Commercial Construction
Source: U.S. Census Bureau cited in BPlans, 2008 at http://www.bplans.com/sample_business_plans/Construction_and_Engineering_Business_Plans/Formwork_Construction_Business_Plan/Market_Description_fc.cfm.
Figure 1. Construction industry market analysis: 2001-2004.
Source: Based on tabular data from.S. Census Bureau cited in BPlans, 2008.
Strategy.
The company's strategy for growth is based on an ongoing improvement process consisting of establishing realistic objectives, measuring performance results, and using the resultant feedback to facilitate continued growth and achievement of the above-stated mission and vision statement.
Organization and Management.
The company's management team consists of its founders, both of whom have extensive sitework...
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