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How The Albanian External Environment Affect The Construction Industry

Author

Listed:
  • Enida Pulaj (Brakaj)
  • Vasilika Kume

Abstract

Studies have proven that organizations in order to be vital, economically valuable and profitable in the market have to adapt to the external environment. The success and the failure of many companies depend on the factors which affect their activities. Without taking into account the impact of environmental factors, it is not possible to formulate a good strategy or to conduct profitable business. This environment refers to the factors that are outside the influence and control of the organization. It should be an important part of the decision making process and developing process of competitive strategies. The intensive changes of business conditions are an important fact that the organization does not operate in a vacuum. It operates as an open system, located in a certain field and connected directly with the influence of factors that compose this environment. This paper serves to provide a picture of the external environment as a tool of refining and focusing for the industry in which each company operates.

Suggested Citation

  • Enida Pulaj (Brakaj) & Vasilika Kume, 2013. "How The Albanian External Environment Affect The Construction Industry," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(15), pages 1-24.
  • Handle: RePEc:alu:journl:v:1:y:2013:i:15:p:24
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1520131/24.pdf
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    References listed on IDEAS

    as
    1. Tudor Nistorescu & Catalin Mihail Barbu, 2006. "A model for enterprises’ environmental scanning," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 4(1), pages 57-62, November.
    2. David Ward & Elena Rivani, 2005. "An Overview of Strategy Development Models and the Ward-Rivani Model," General Economics and Teaching 0506002, University Library of Munich, Germany, revised 07 Jun 2005.
    3. Partha Dasgupta & Joseph Stiglitz, 1980. "Uncertainty, Industrial Structure, and the Speed of R&D," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 1-28, Spring.
    4. Garabed Minassian, 2002. "The Economic Environment in Albania, Bulgaria, Macedonia FYR, and Greece: A Cross-Country Study," Eastern European Economics, Taylor & Francis Journals, vol. 40(4), pages 45-82, July.
    5. Stanley M. Besen & Joseph Farrell, 1994. "Choosing How to Compete: Strategies and Tactics in Standardization," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 117-131, Spring.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    construction industry; external environment; PEST analysis.;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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