1) How hungry are the competitors?
In a competitive bidding market environment, companies are always hungry. To begin with, the downtown industrial building construction business was a multi-million dollar market and showed a great scope for: increased business, follow on projects and venturing into new fields. Most companies are always competitive and are hungry to win the contracts in order to:
• Stay alive in business and avoid going into bankruptcy – Pioneer needed to win one or two contracts in 1990 to keep the organization together.
• Generate increased demand – More customers are going to notice a company if it wins more projects in its field.
• Differentiate themselves from other companies – If a company wins many projects and efficiently …show more content…
Being a highly reputable company in communications industry, my company won many government contracts which were mostly long term (10 to 15 years). As there was continued business and increased revenue, the company was able to expand the size of the work floor, add more production lines and employ additional 25 to 30 employees in the production department.
• Foster innovation – The profits earned through these projects allows companies to invest in innovation, which also helps in enhancing reputation in their specific fields or industries.
2) How hungry is Camden Construction Corporation?
Camden Construction Corporation has a strong interest in winning the proposals coming up and is extremely hungry because:
• Only 15 % of business over past 5 years has been in the downtown industrial building construction and most of it was with established customers. By winning more proposals and completing more projects, they will have no trouble in attracting customers.
• By winning more contracts, the company is essentially increasing the future value of the company which in turn improves its growth rate, a percent change from one period (future/present) to another …show more content…
There are various costs associated with unionization such as company representation costs, service costs of specialized labor attorneys, cost of compliance with collective bargaining agreement etc. When bidding for government contracts, a company has to show compliance with government regulations and standards, and there are several costs related to compliance. As Camden would have spent enough funds to comply with such regulations, there is a need to recover such expenses. For ex: In my previous work experience, our company had to comply with standards and regulations such as OSHA law, EEOC, NAICS 334 (Computer and Electronic product manufacturing regulation) among many others, in order to win government contracts. The costs associated with such compliance were training costs, cost of adding safety guards to equipment, costs of workplace regulations posters
In a competitive bidding market environment, companies are always hungry. To begin with, the downtown industrial building construction business was a multi-million dollar market and showed a great scope for: increased business, follow on projects and venturing into new fields. Most companies are always competitive and are hungry to win the contracts in order to:
• Stay alive in business and avoid going into bankruptcy – Pioneer needed to win one or two contracts in 1990 to keep the organization together.
• Generate increased demand – More customers are going to notice a company if it wins more projects in its field.
• Differentiate themselves from other companies – If a company wins many projects and efficiently …show more content…
Being a highly reputable company in communications industry, my company won many government contracts which were mostly long term (10 to 15 years). As there was continued business and increased revenue, the company was able to expand the size of the work floor, add more production lines and employ additional 25 to 30 employees in the production department.
• Foster innovation – The profits earned through these projects allows companies to invest in innovation, which also helps in enhancing reputation in their specific fields or industries.
2) How hungry is Camden Construction Corporation?
Camden Construction Corporation has a strong interest in winning the proposals coming up and is extremely hungry because:
• Only 15 % of business over past 5 years has been in the downtown industrial building construction and most of it was with established customers. By winning more proposals and completing more projects, they will have no trouble in attracting customers.
• By winning more contracts, the company is essentially increasing the future value of the company which in turn improves its growth rate, a percent change from one period (future/present) to another …show more content…
There are various costs associated with unionization such as company representation costs, service costs of specialized labor attorneys, cost of compliance with collective bargaining agreement etc. When bidding for government contracts, a company has to show compliance with government regulations and standards, and there are several costs related to compliance. As Camden would have spent enough funds to comply with such regulations, there is a need to recover such expenses. For ex: In my previous work experience, our company had to comply with standards and regulations such as OSHA law, EEOC, NAICS 334 (Computer and Electronic product manufacturing regulation) among many others, in order to win government contracts. The costs associated with such compliance were training costs, cost of adding safety guards to equipment, costs of workplace regulations posters