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Carrillo, P M (1998) Acquisition or divestment: UK contractors changing business portfolio. Journal of Financial Management of Property and Construction, 3(03), 49–70.
- Type: Journal Article
- Keywords: contractors strategy; corporate strategy; portfolio analysis performance; UK contractors
- ISBN/ISSN: 1366-4387
- URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
Within the last decade the nature of contracting activities in the UK has changed dramatically. Instead of construction services being offered, contractors now get involved with a much wider range of activities from providing finance, design, construction, operation and maintenance. The construction business is one of high risks and low profitability and contractors are being forced to adopt strategic management techniques to maintain competitiveness and profitability. This paper investigates how companies devise corporate strategy, develop their business portfolio and judge their subsequent performance with case studies from three major UK contractors. The results show that whilst corporate strategy is given serious attention, even the top UK contractors still have not implemented the use of business portfolio analysis and performance measures advocated by the rest of the business world.