Level 5 leadership and Transformational Leadership in the Construction Literature review

Level 5 leadership and Transformational Leadership in the Construction industry of Project Management - Literature review Example Many organisations will root for outsourcing arrangements at first in overseas countries mainly to capitalise on cheap labour, reduced taxes, the possibility of hiring skilled employees in their own country, as well as, a 24 hour readily available workforce. Despite these obvious advantages, the recent trend of reshoring has perhaps stemmed from the corporate concerns on operational mishaps that have obviously precipitated a decline in both productivity and quality. According to a recent research conducted by Warwick Business School and GE Capital UK, a quarter of the mid-market firms are seriously considering re-shoring all or some of their business activities in the next three years. According to the research, the reasons for the trend in reshoring comprise of productivity, rise in the overseas costs, rising control or management issues or access to skilled labour. The research further reveals that, with the reshoring, companies are expected to witness a greater than average rise in revenues to the tune of 14.8 % leading to an overall 12.1 % uplift in the profits. In terms of the activities, which would be reshored, internal business services comprised of 23 percent, procurement and customer-facing services at 21% and 19% respectively. Other activities earmarked are product development, manufacturing and production. According to the study, which was conducted on 100 companies, reshoring will most likely create over 378 500 jobs and add  £27.6 billion to the national mid-market revenues annually. The research also found London to be the favourable re-shore destination. South-East follows closely and is then followed by West Midlands, North West, Yorkshire, and Humber (Green, 2014). Therefore, how does a company draw the conclusion on whether reshoring is right for its business activities? Well, time is an important and a changing factor in business. Consider Toyota as an example.