Trends in world markets and the LSE industry

Abstract

The Large Scale Engineering (LSE) industry operates in a global market place and during recent years it has been the scene of major political and economic changes resulting in increasing market pressures. The paper outlines findings from Workpackage 1 of the European Union funded Esprit eLSEwise project. The eLSEwise project has an objective of contributing to improving the competitiveness of the European LSE industry. The paper focuses principally on trends in the LSE global industry market place and the challenges facing European LSE contractors in adapting to these changes. The paper outlines the research methodology; world market trends and LSE industry structure; critical success factors and enablers for LSE projects; the forces shaping the LSE industry and the necessary contractors' core competencies and competitive advantages for continued success.

Citation

MALE, S. and MITROVIC, D. (1999), "Trends in world markets and the LSE industry", Engineering, Construction and Architectural Management, Vol. 6 No. 1, pp. 7-20. https://doi.org/10.1108/eb021094