Jones, Kell; Davies, Andrew; Mosca, Luigi; Whyte, Jennifer; Glass, Jacqueline; (2019) Changing Business Models: Implications for Construction. (Transforming Construction Network Plus Digest Series 1). Transforming Construction Network Plus: London, UK.

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Abstract

The UK Government’s Transforming Construction Agenda is encouraging firms in the industry to re-think how they create and deliver whole life value through the application of digital technologies and new manufacturing techniques. Firms in the construction industry should be considering how their current business model can help them address the risks and opportunities arising from this transformation, and whether they need to change their business model to deliver on construction client expectations sustainably. In practice, we see quite a bit of confusion about what a business model actually is. We have created this digest for businesses wanting to understand more about business models, and to provide a structure for exploring how their business models can be changed. To do so, the digest summarises influential ideas about business models from industry and academia. It begins by clarifying what business models are, goes on to describe a framework for thinking about analysing business models, and ends by exploring how organisations can change their business models.

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