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London office fit-out market conditions: Forecasting & managing change

Petsas, M; (2008) London office fit-out market conditions: Forecasting & managing change. Doctoral thesis , UCL (University College London). Green open access

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Abstract

The success and survival of an organisation depends on its interaction and response to the market in which it operates in. Past downturns in the fit-out market have resulted in the demise of a number of large fit-out contractors impacted in the main by a decrease in demand for fit-out work. The current conditions of the London office fit-out market suggest further hardships for fit- out contractors, as a result of economic turmoil within the UK. This therefore raises the issue as to how existing fit-out contractors will survive the current downturn. Theory suggests that firms who can forecast future demand and manage change effectively will be better placed to survive a downturn than those who cannot. Results from three group interviews attempt to understand the extent to which fit-out contractors forecast future demand and manage change within the London office market and whether there are significant differences in their abilities to do so. Research findings show that existing fit-out contractors are actively forecasting future demand through a variety of methods but larger fit-out contractors remain more effective at managing change. Given the difficulties encountered by smaller fit-out contractors, future research should concentrate on their ability to successfully transform their business.

Type: Thesis (Doctoral)
Title: London office fit-out market conditions: Forecasting & managing change
Open access status: An open access version is available from UCL Discovery
Language: English
Additional information: Thesis digitised by ProQuest.
URI: https://discovery.ucl.ac.uk/id/eprint/1566844
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