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04 Days In 2005 And Creditor Days At 86.95 Days In The Same Year. Factors ...

04 days in 2005 and creditor days at 86.95 days in the same year.
Factors influencing these figures would include acquisitions and other exceptional costs which would have the effect of distorting the trends of the figures. Other exceptional costs such as government levies or taxes, fines or other investments.

Conclusion

Balfour operates in a fast moving, volatile industry, where acquisition and merger are seeing the consolidation of the industry. Balfour differentiates itself by focusing on sustainable partnerships with customers and suppliers.

It has broadened its service offering to include social housing, with the acquisition of Mansell, which in turn, facilitated the company's adherence to the Egan Report.

The industry is vast, with many competitors. Amec plc and Kier Group have expertise that Balfour lacks, that of mining, and in Amec's case, oil and gas production facilities. They therefore differentiate themselves by providing discrete offerings. Each organisation is adaptable and flexible enough to adjust to its changing environment, and in turn, achieves sustainable competitive advantage.
With all three of these organisations having the stated strategy of growth via organic and transformational means, such as acquisition, it's just a question of . . . watch this space!

Bibliography

Michael E Porter The Competitive Advantage of Nations Macmillan Press 1998 pages 33 70
Michael E Porter On Competition Harvard Business Review 1998 p21 163
Christopher Moir and John Dawson Competition and Markets Macmillan Press 1990 p50 64
Ralph D Stacey Strategic Management & Organisational Dynamics Pitman Publishing 1996 p31 167
T Burns and GM Stalker The Management of Innovation Tavistock Publications 1961 p50 -189
G Johnson & R Scholes Exploring Corporate Strategy Prentice Hall 1998, p26 35
Graham Mott Management Accounting for Decision Makers Pitman Publishing 1991, p78 91
Ronald W Hilton Managerial Accounting, 2nd Edition, McGraw Hill 1991 p40-72
Frank Wood's Business Accounting 1 & 2, 6th Edition, Pitman Publishing 1993 p140-201
Keynote Market Report 2006 Building Contracting, 9th Edition, Edited by Jenny Baxter, p24 64
Mintel Report Construction Industry January 2007

Websites

www.balfourbeatty.co.uk
www.mansell.plc.uk
www.constructingexcellence.org.uk
www.azobuild.com
www.amec.com
www.kier.co.

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