al axis and a horizontal access. The vertical axis is concerned with the extent to which an organisation's management is focused on flexibility and innovation as opposed to stability and control. The horizontal axis is concerned with the extent to which an organisation's management is focused on internal issues as opposed to external issues (Boddy, 2008, p. 43). In this report, the CVF approach will be combined with SWOT analysis and other theoretical approaches for the purpose of determining Balfour Beatty's current position in regard to globalisation, as well as examining possible strategies for the organisation's future.
Balfour Beatty was founded in 1909 by George Balfour, a mechanical engineer, and Andrew Beatty, a chartered accountant (Datamonitor, 2008, p. 7). The organisation has grown and expanded over the years to become one of the most successful construction companies in the world. Today, Balfour Beatty is associated with "four market-leading businesses in professional services, construction services, support services and infrastructure investment" (Balfour Beatty, 2011). The organisation's expansion has been based in part on a series of acquisitions. The companies acquired by Balfour Beatty have included UK construction firms such as Mansell, Birse, and Cowlin. The
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