ĐẠI HỌC QUỐC GIA HÀ NỘI KHOA QUẢN TRỊ VÀ KINH DOANH --------------------- BÙI HỒNG HẠNH BUILDING THE COMPETITIVE STRATEGY FOR ATS LAW FIRM CO., LTD IN THE PERIOD OF 2018- 2022 XÂY DỰNG CHIẾN LƯỢC CẠNH TRANH CỦA CÔNG TY LUẬT ATS TRONG GIAI ĐOẠN 2018-2022 LUẬN VĂN THẠC SĨ QUẢN TRỊ KINH DOANH Hà Nội - 2017 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com ĐẠI HỌC QUỐC GIA HÀ NỘI KHOA QUẢN TRỊ VÀ KINH DOANH --------------------- BÙI HỒNG HẠNH BUILDING THE COMPETITIVE STRATEGY FOR ATS LAW FIRM CO., LTD IN THE PERIOD OF 2018- 2022 XÂY DỰNG CHIẾN LƯỢC CẠNH TRANH CỦA CÔNG TY LUẬT ATS TRONG GIAI ĐOẠN 2018-2022 Chuyên ngành: Quản trị kinh doanh Mã số: 60 34 01 02 LUẬN VĂN THẠC SĨ QUẢN TRỊ KINH DOANH NGƯỜI HƯỚNG DẪN KHOA HỌC: PGS. HOÀNG ĐÌNH PHI Hà Nội - 2017 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com DECLARATION The author confirms that the research outcome in the thesis is the result of author‟s independent work during study and research period and it is not yet published in other‟s research and article. The other‟s research result and documentation (extraction, table, figure, formula, and other document) used in the thesis are cited properly and the permission (if required) is given. The author is responsible in front of the Thesis Assessment Committee, Hanoi School of Business, and the laws for above-mentioned declaration.
i LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com ACKNOWLEDGEMENT Foremost, I would like to express my sincere gratitude to my advisor Assoc. Hoang Dinh Phi for the continuous support of my master study and research, for his patience, motivation, enthusiasm, and immense knowledge. His guidance helped me in all the time of research and writing of this thesis. Besides my advisor, I would like to thank to MBA studying course, and the team of HSB‟s lecturers and supporting staff.
Without partcipating the course, as well as the caring and responsibility of them, I could not have opportunity to access and absorb the useful knowdlege for framing my comprehensive understanding about business administration. My sincere thanks also goes to Ms. Vu Thi Thu Ha, director and Mr. Tran Gia The, managing partner of ATS law firm, for offering me the opportunities to access, interview and discover the necessary information of the firm, for completing the thesis.
Hanoi, date_____ ii LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com TABLE OF CONTENTS DECLARATION. ii LIST OF TABLES. v LIST OF FIGURES. vi THESIS STATEMENT.
1 CHAPTER 1: BASIC THEORIES ON BUILDING THE BUSINESS COMPETITIVE STRATEGY. Competitive strategy and its classification. 5 Competitive strategy can be classified as follows :. Roles of competitive strategy.
Competitive strategy of the business unit. Comprehensice competitive strategy of the business unit. Growth strategies of business units. Competitive strategy building process.
Diagram of competitive strategy building process. Competitive strategy building process. 18 CHAPTER 2: ASSESSING THE CURRENT SITUATION AND THE PRESENT COMPETITIVE STRATEGY OF ATS LAW FIRM CO. Introduction of ATS law firm.
General introduction of ATS law firm. Vision and mission. ATS‟s business activities. Current business operation .2 Analyzation of the external factors affecting the business operation of ATS law firm.
Macro environment factors. Identification of opportunity and threat. Matrix evaluation of the external factors (EFE). 38 iii LUAN VAN CHAT LUONG download : add luanvanchat@agmail.
Analyzation of the internal factors (IFE). Financial situation of ATS. Identification of ATS‟s strengths and weakness. Matrix of the internal factor analyzation (IFE).
SWOT matrix of ATS law firm. The current business strategy of ATS. 48 CHAPTER 3: PROPOSAL OF SOME SOLUTIONS TO IMPLEMENT THE COMPETIVE STRATEGY IN THE PERIOD 2018-2022 .1 Orientation of the Government on the economic development by 2025 and expectation of changes on environment and market, and the development of the lawyer profession. Development orientation and operation target of ATS law firm in the period of 2018- 2022.
Competitive strategy of ATS in the period of 2018-2022 and the action plan. Building the competitive strategy of ATS in the period of 2018-2022. Competitive strategy of ATS in the period of 2018-2022 and action plan. Appraisal of the supervision and result of the action plan.
Suggestion to ATS. Disadvantage of the thesis and the possible next coming research. 65 iv LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com LIST OF TABLES Table 2.1 Revenue in period 2014-2016 .2 Matrix evaluation of the external factors of ATS law firm .3: Partners/Consultants/lawyers qualification analyzation sheet .4: Partners/Consultants/Lawyers professional analyzation sheet .5: Partners/Consultants/Lawyers hospitality analyzation sheet. Financial situation of ATS .7: Internal factor analyzation matrix.
45 v LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com LIST OF FIGURES Figure 1. Traditional process of providing values to customers. Error! Bookmark not defined. Modern process of providing values to customers.
Error! Bookmark not defined.3 Strategy management model of F. Error! Bookmark not defined.4 Five-competitive pressure model of M. Error! Bookmark not defined.1 Organizational structure of ATS law firm. Error! Bookmark not defined.2 : Vietnamese GDP over the recent years.
Error! Bookmark not defined. vi LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com THESIS STATEMENT 1. Necessity of the thesis: The thesis is necessary, because the competition in the legal industry is very hard. The barrier entry of the industry is very low.
Due to the low investment cost for such an intangible service industry, it is very easy for the new competitor to join the industry. Besides, there are many law firms who have the similar strategy and market share. They focus on the foreign direct investment, commercial and enterprise law consultancy, and providing such services to the foreign invested companies, and the large or medium Vietnamese companies. Meanwhile, the demand for the legal service has not developed significantly over the recent years.The acknowledgement of the public in general and the enterprise community about the importance of law compliance and role of lawyers is not high.
The enterprise community, sometimes, dare to violate the laws, and when they have to face with the penalties from the government authorities, they are ready to pay the under the table lobby fee to the government officers, rather than fully comply with the laws, or hiring the lawyers to protect themselves. Due to the Vietnamese old fashion culture of respecting the “friendly and emotional relationship, and avoiding solving the dispute or conflict through legal proceeding or lawyers”, they see the lawyer fee is an unnecessary They just find lawyers after already facing with the troubles or dispute, instead of seeking the assistance from lawyers in advance, for avoiding any possible risk in the future. Due to the economic crisis which has been happening over nearly ten years, both the foreign investment volume into Vietnam, and the domestic economic investment or commercial activities reduced or standstill, resulting in the significant reduction of demand for lawyer services. Otherwise, the legal consultancy industry is saturated, after nearly sixteen years of development.
Therefore, for surviving and developing in such hardship situation is the critical target, for not only the long term established law firms, with the large market share, but also the young and medium- size law firm like ATS. From the above reasons, the writer decides to choose the topic “Building the 1 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com competitive strategy for ATS law firm in the period 2018-2022” with aims to find out the effective strategy for the stronger stability of the law firm in the current situation, and its development in the future. Objective of the research Purpose of the research: Basing on the theories on the business strategy management on designing the practical business strategy, and analyzing the actual impact of the business environment on the company business operation, as well as basing the future business operation of ATS law fim in the period of 2018-2022, with aims to enhance its competitive advantages and development in the situation of harder competition and international economic integration. Research duties: The specified duties that the thesis aims to is as of follows: 1) Why is it necessary to research the business strategy design in ATS law firm ? The answer of this question serves the identification of the necessity and meaning of the research purpose, research situation, the approaching method, as well as using of research methodology for achieving the planned target.
2) What is the theoretical bases of the business strategy design? Which theretical models are used for analyzing and defining the business strategy of ATS law firm? The answer of the research aims to identify the theoretical bases for defining ATS law firm‟s business strategy by using models such as five forces, value chain, SWOT matrix, etc. 3)Which factors that can impact the actual business operation of ATS law firm in the period 2014-2017? Strenghth, weakness, opportunities and threats that ATS has and faces with? The question is answered by developing the theoretical bases in Question 2 above for collecting information, analyzing data for identifying the business strategy of ATS. 4) What is the competitive strategy of ATS in the future? What are the solutions for implementing the future competitive strategy? This part will solved by suggesting the optional competitive strategies for ATS, as well as its action plan in the next coming time. Subject of the research Subject of the research include the following factors: (a) Analyzing the current internal and external factors impacting to ATS law firm.
2 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com (b) Analyzing the current strategy applying in ATS law firm, finding out its advantages and disadvantages. (c) Suggesting the solution for improving the disadvantages of the current strategy of ATS law firm. (d) Overseeing the future socio-economic development in the period of 2018-2022. (e) Building the future strategy for ATS law firm in the period of 2018-2022.
Scope of the research The scope of the research is within ATS law firm, its external and internal aspects in the period of 2014-2017, and suggestion for the period 2018-2022. Research methodology The methodology of the thesis is based on the view of dialectical materialism, historical materialism to link theory to reality.1 Data collecting methods Collecting and researching the primary information throughconducting the survey through circulating the questionnaires to the targeted groups such as the researched object (ATS law firm), the direct competitor group, the indirect competitor group (the replacing service), the targeted client group, and the management government authority. The planned survey questionnaires to be circulated shall be about 20-30 interviewees. The survey shall be done as follows: Direct interview: with ATS law firm.
It is the face to face interview with the directors of ATS, for collecting the necessary information. Indirect interview through sending the questionaires to emails of the interviewees. Location: Hanoi, Vietnam Time for conducting the survey: October 2016-January 2017 Targeted interviewees: ATS‟s clients, including main groups of clients such as Japanese, Korean enterprises, Vietnamese giant corporations and state owned companies. Collect the secondary information resources such as annual comprehensive data report of law firms and transactions issued by Ministry of Justice, annual report on socio- economic development of Vietnam in period 2014, 2015 of General Statistic Bureau, Vietnam economic situation in 2015 reported by World Bank, online articles 3 LUAN VAN CHAT LUONG download : add luanvanchat@agmail.com on business development strategies and marketing tips for law firms.2 Data analyzation methods The writer uses 2 data analyzation methods: quantitative methods using excel software for evaluation through the statistical survey questionnaire; qualitative methods such as analysis of rules, synthesis, interpretation, inductive, comparative.
Thesis structure The thesis structure is as following: Chapter 1: Theories on building the competitive strategy Chapter 2: Assessing the current situation and current competitive strategy of ATS law Firm Co.