Porter's Five Forces for Skanska
About Skanska
Skanska AB, a Swedish multinational construction company with a legacy dating back to 1887, stands as a pioneer in project development. Leading the charge in environmental responsibility, it earned the distinction of being the flagship firm in the construction industry to achieve ISO 14000 certification. Operating globally since 1897, Skanska engages in diverse sectors, including infrastructure, residential and commercial property, and public-private partnerships. Headquartered in Stockholm and boasting a workforce of over 41,000, the company spans 11 countries across North America, the Nordic region, and Europe. Recognized by Construction Global magazine as the fifth-largest construction company globally, Skanska's commitment to excellence extends to being acknowledged by Forbes in 2023 as one of the world's best employers, based on a survey involving over 170,000 employees from multinational companies and institutions.
Porter’s Five Forces Model
Porter's Five Forces diagram below demonstrates market-influencing variables like demand and competition for Skanska. This analysis of the competitive environment provides insightful information for creating winning strategies, along with a graphic depiction of the model.