Entrepreneurship in the construction industry: How to succeed in the modern era

Abstract

In the modern context of management and entrepreneurship in the presence of wide access to information and high speed communication systems, an individual is able to accomplish multiple tasks those which might take a department to accomplish when it is compared to the classic concept of business operation. Digitalization, globalization, and robotics are just only a few of the factors that affect the business operation. Nevertheless, the importance of traditional knowledge/skills such as marketing, accounting, finance, and microeconomics is still in the place. A successful construction business in the modern era must be able to adopt the effective factors to the everlasting skill sets essential to a business. The current article is ought to adhere the modern technologies to the classical skill sets in a way to encourage the young generation to develop their entrepreneurship abilities. The uncertainties in the job market and the concern of full-time employment for young graduates are being addressed in the context of entrepreneurship. A survey had been conducted to clarify the status quo in a small population sample composed of small to medium size businesses in construction those are mostly operating in Australia. Recommendations had also been made in order to clarify the entrepreneurial path in the modern context of the construction economy.

Political-economical evaluation of CO2 capture in Australian building sector

“…Cooperative game theory on the other hand, proposes a method to distribute the generated wealth amongst the stakeholders in a fair manner [25]. That can also be extended to the entrepreneurial activities [26]. Several research funding expenditures had been introduced in the past decade, despite the lack of relevant employment opportunity.…”