The Hill Project Management Company's Competitive Edge Term Paper

The Hill Project Management Company's Competitive Edge - Term Paper Example This research study highlights that technological changes and the problems in the economy commonly cause environmental threats to the businesses. Better and innovative ways need to be brought to fore in order to minimize these threats. Therefore, by making an environmental scan, the Hill project Management Company would be able to arrive at better solutions.As the paper stresses the environmental scanning shows that the business is competitive and currently commands a domineering position in its domain. It is seen from the fact that the business has proved itself to be efficient in several areas. The strengths connected with the business may be quality services, better support from the side of the government, good organizational climate and better conditions in the workplace. The strengths possessed by the business will assist the organization in arriving at best possible results. Eventually better market conditions will be created .Ultimately, all these factors will make the busines s well equipped and fortified. The aim of having proper understanding of the present conditions is to run the business in an active pace. Possessing proper control on the prevailing conditions is necessary to have a competitive advantage in the market.  The main competitors of the Hill Project Management Company are Acorn Energy, Inc. and Aecom Technology Corporation. It can be seen that the check is likely to be created upon one or the other particular regions.... Eventually better market conditions will be created .Ultimately, all these factors will make the business well equipped and fortified. The aim of having proper understanding of the present conditions is to run the business in an active pace. Possessing proper control on the prevailing conditions is necessary to have a competitive advantage in the market. 3. The main competitors of the Hill Project Management Company are Acorn Energy, Inc. and Aecom Technology Corporation. It can be seen that the check is likely to be created upon one or the other particular regions. These companies are quite active at the project and construction business. Moreover, the image so created by these two industries is quite attractive and appealing too. The business has to strive hard in order to face the challenges set by these two business giants. The business has to see to it that the situations require to be made efficient and knowledgeable in approach. â€Å"Profit maximization is a good thing for a company but can be a bad thing for  consumers  if the company  starts  to use cheaper  products  or decides to raise  prices† (Profit Maximization, 2013, par.1). One of the strategies that would prove fruitful is to increase profits and value for stakeholders at large. Basically, the industry should aim a higher target by making sure that the output requirements are met and remain productive throughout. For this, the check is likely to be worked upon on one or more of the respective regions. The Hill Project Management Company would implement strategic planning, which would be viewed as a precious extension to their production. Profits margin can be increased by employing best possible strategic moves followed by best