CSM-702 Management Of A Construction Project

CSM-702 Management Of A Construction Project

CSM-702 Management of a Construction Project



Home Renovation business in Greater Toronto Area
The topic is Home Renovation business in Greater Toronto Area and we have to fill in the information in the table below
To analyze the environment, one can use the following (STEEPLE):
a. Social: Social factors that will influence my company?
b. Technology: Technological changes that may impact my business
c. Economics: Economic factors that may impact my business
d. Environment: My customer view on the environment (i.e. pollution, etc.)
e. Politics: Political system and how it may impact my business
f. Legal: Legal framework and regulation that may impact my business
g. Ethical: My customer perception of ethical factors related to my business
For each of the above, you have to determine if the impact will be High, Medium, or Low 
To analyze the industry, once can use Porter’s 5 Competitive force:
a. Bargaining power of Customers on my business
b. Bargaining power of Vendors on my business
c. Products/services available from direct competitors
d. Substitute products/services available from indirect competitors
e. Threats from New Entrants

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