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This subject examines the industrial behaviour of a variety of firms active in the construction market through exploring the experiences and reflections of key industry representatives. This will include examination of features related to the feasibility, design, construct, commissioning and operation phases of a construction project.
Organised as a series of structured discussions within a seminar format, the subject will expose students to a variety of industrial pathways, while positioning challenges and achievements of the sample of firms selected within their historical, economic and technological contexts.
Student's work will be to acquire industry information from class and formal research sources then organise, synthesise and determine possible futures of various sectors of the construction industry. This will assist the student in formulating how future trends, constraints and opportunities may impact the industry.
The subject is conceived as a platform to expose final-year students to the structural diversity that exists in the construction industry. Its aim is to examine how different types of firms behave in relation to a particular topic, which changes every year, according to the experiences and structured reflections of key industry representatives invited throughout the semester.
The idea behind this framework is that, by being exposed to and by understanding the cultural, strategic and operational differences that can exist between firms, students will be able to form an independent view of the industry, acquire critical skills that can be applied in the workplace, and become more proactive in relation to future employment strategies or choices.
Intended learning outcomes
At the end of the course students will have demonstrated:
- A broad understanding of the facets that drive the construction sector in Australia;
- The ability to connect industry dynamics with socio-economic cycles and strategic leadership;
- The ability to identify the factors determining a firm’s success, survival and failure; and
- The ability to identify and understand the relationship of factors critical to success in construction-related enterprises.
At the completion of the subject students should have developed the following skills and capabilities:
- Ability to read and understand socio-technical circumstances in construction;
- Ability to distinguish between construction sub-sectors in terms of opportunities and constraints;
- Ability to appreciate the importance of technological and market rents in construction;
- Ability to derive theoretical positions from real-life examples;
- Ability to appreciate value and limitations of strategic decisions.
Last updated: 3 November 2022