Research Article
Study of Business Strategy of Construction Services Companies in Facing Challenges in the Era of Industrial Revolution 4.0
@INPROCEEDINGS{10.4108/eai.25-5-2024.2348958, author={Ronny Abbas and Heru Subiyantoro}, title={Study of Business Strategy of Construction Services Companies in Facing Challenges in the Era of Industrial Revolution 4.0}, proceedings={Proceedings of the 4th International Conference on Law, Social Sciences, Economics, and Education, ICLSSEE 2024, 25 May 2024, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICLSSEE}, year={2024}, month={8}, keywords={business strategies construction services companies fourth industrial revolution}, doi={10.4108/eai.25-5-2024.2348958} }- Ronny Abbas
Heru Subiyantoro
Year: 2024
Study of Business Strategy of Construction Services Companies in Facing Challenges in the Era of Industrial Revolution 4.0
ICLSSEE
EAI
DOI: 10.4108/eai.25-5-2024.2348958
Abstract
The fourth industrial revolution brings about changes that enhance efficiency and drive innovation in businesses. One influential business sector is construction services companies. The high level of competition in the construction services industry requires company management to develop appropriate strategies to survive, compete, grow, and operate sustainably. This article provides an analysis of the business strategies implemented by construction services companies to address challenges arising from the Fourth Industrial Revolution. A qualitative descriptive approach is used to investigate the context and actual situations faced by construction services companies. Through a comprehensive literature review, the article concludes that construction services companies can adopt several strategies to confront challenges in the era of the Fourth Industrial Revolution. These strategies include adopting new technologies and system integration, enhancing workforce skills, maintaining data security, and increasing investments. By effectively implementing these strategies, construction services companies can improve their competitiveness, operational efficiency, and business sustainability in facing the era of the Fourth Industrial Revolution.
