Attracting and retaining world-class talent remains the biggest challenge in construction
The construction industry has experienced a huge increase in global activity as China, America and emerging Asian markets ramped up investment. However, intense global competition is threatening the profitability of construction firms.
To combat these pressures, construction firms have already begun to diversify their portfolios by entering industrial and utilities markets. But long-term profitability will rely on attracting world-class executives and directors, and providing them with the technology to develop innovative and sustainable products.
With long-standing resistance to change and low productivity, the construction industry needs to...
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