ĐẠI HỌC QUỐC GIA HÀ NỘI KHOA QUẢN TRỊ VÀ KINH DOANH --------------------- TRẦN QUANG HIỂN BUILDING THE STRATEGY FOR PROPERTY BUSINESS OF INDUSTRIAL CONSTRUCTION JOINT-STOCK COMPANY (ICJC) DURATION 2018 – 2022 XÂY DỰNG CHIẾN LƯỢC KINH DOANH BẤT ĐỘNG SẢN CHO CÔNG TY CỔ PHẦN XÂY DỰNG CÔNG NGHIỆP GIAI ĐOẠN 2018 ĐẾN 2022 LUẬN VĂN THẠC SĨ QUẢN TRỊ KINH DOANH HÀ NỘI - 2018 TIEU LUAN MOI download : skknchat@gmail.com ĐẠI HỌC QUỐC GIA HÀ NỘI KHOA QUẢN TRỊ VÀ KINH DOANH --------------------- TRẦN QUANG HIỂN BUILDING THE STRATEGY FOR PROPERTY BUSINESS OF INDUSTRIAL CONSTRUCTION JOINT-STOCK COMPANY (ICJC) DURATION 2018 – 2022 XÂY DỰNG CHIẾN LƯỢC KINH DOANH BẤT ĐỘNG SẢN CHO CÔNG TY CỔ PHẦN XÂY DỰNG CÔNG NGHIỆP GIAI ĐOẠN 2018 ĐẾN 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 - 2018 TIEU LUAN MOI download : skknchat@gmail.com DECLARATION The author confirms that the research outcome in the thesis is the result of author‟s independent work during study and research periodunder the instruction of Assoc. Dr Hoang Dinh Phi 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 Management, and the laws for above-mentioned declaration. Student Tran Quang Hien TIEU LUAN MOI download : skknchat@gmail.com ACKNOWLEDGEMENT I would like to thank all my dedicatedlecturers and the members of the School of Business & Management – Vietnam National University, Hanoi for helping and providing me with particularly helpful scientific knowledge and practical business lessons. Your insights and guidance areindeed a valuable source of support for my current business and my life. I sincerely thank Assoc.
Dr Hoang Dinh Phi – Head of Hanoi School of Business & Management – Vietnam National University, Hanoi. DrHoang Dinh Phi has spent considerable time and effort assisting me to complete my Thesis to meet academic standards. You have been truly inspirational and haveignited my passion for researching and finishing this Thesis. I sincerely thank the Management Board and all the Staff of Industrial Construction Joint-Stock Company-ICJC for helping me during the process of and providing me with an abundance of crucial information and references to fulfill my Thesis.
Thank you and Best regards! Student Tran Quang Hien TIEU LUAN MOI download : skknchat@gmail.com TABLE OF CONTENTS TABLE OF CONTENTS. i LIST OF TABLES. ii LIST OF FIGURES. 1 CHAPTER 1: FUNDAMENTAL THEORY OF BUSINESS STRATEGIC PLAN.
Fundamental concept of strategy and real-estate business strategic plan. Concept of strategy. Concept of real-estate and real-estate business strategy. Role of strategy.
Category of strategy. Strategy of management classification grade. Classification of strategies regarding functions. Strategy building process .1 Strategic management process and model.
ANALYZE THE CONDITIONS FOR BUILDING A REAL ESTATE BUSINESS STRATEGY FOR INDUSTRIAL CONSTRUCTION JOINT STOCK COMPANY – THE PERIOD 2018-2022. Overview of Industrial Construction Joint Stock Company-ICJC. Propose and analyze the real estate business strategy of Industrial Construction Joint Stock Company - the period: 2018 - 2022. Vision - Mission and development orientation for ICJC.
Macro-environment analysis. Micro-environment analysis (business line environment). Internal Business Analysis. The Company‟s competence assessment.
72 TIEU LUAN MOI download : skknchat@gmail. Matrix for evaluating the internal factors of the company (IFE matrix). Analysis of SWOT matrix. 76 CHAPTER 3: STRATEGY PROPOSE, ANALYZE PROPOSE STRATEGY, SELECT STRATEGY AND SOLUTIONS FOR IMPLEMENTING THE BUSINESS STRATEGY.
Strategy groups SO. Strategy groups WO:. Strategy groups ST:. Strategy groups WT:.
Analysis of the proposed business strategies for Industrial Construction Joint Stock Company. Select a real estate business strategy for ICJC –the period: 2018 - 2022. Proposal of solutions to implement real estate business strategy of Industrial Construction Joint-stock Company: the period 2018 – 2022. Vision for implementing the business strategy of Industrial Construction Joint-stock Company: the period 2018 – 2022.
Objectives for implementing the business strategy of Industrial Construction Joint-stock Company: the period 2018 – 2022. Solutions for achieving business strategies. Strengthen management in strategy implementation. Createa cultural environment that supports the implementation of strategy.
108 TIEU LUAN MOI download : skknchat@gmail. Limitations of the thesis. 114 Appendix TIEU LUAN MOI download : skknchat@gmail.com ABBREVIATION HĐND: Hanoi Municipal People‟s Council HPC: Hanoi Municipal People‟s Committee TQM: Total Quality Management ICJC: Industrial Construction Joint-Stock Company BOD: Board Of Directors i TIEU LUAN MOI download : skknchat@gmail.2022 LIST OF TABLES Table 2.1: Matrix for evaluating the impact of external factors on the company .2: Equipment capacity of the Company .1: Strategy groups SO; WO; ST; WT .2022 TIEU LUAN MOI download : skknchat@gmail.2022 LIST OF FIGURES Figure1.1: Model of classification of strategies for an organization .2: Strategic management model .3: External environmental factors .4: External Factor Matrix (EFE) .5: Five forces model of Michael Porter. Internal Factor Evaluation Matrix ( IFE ) .Porter‟s Value Chain Model .9: Table of optional strategies SO, WO, ST, WT .Porter‟s Value Chain Model .3: The implementation of real estate project .6: Matrix for evaluating the internal factors (IFE matrix) .2022 TIEU LUAN MOI download : skknchat@gmail.
Rationale In today‟s renovation and international integration are the needs of any economy and every economic sector. In particular, the construction field in Vietnam is currently coping with many difficult issues such as: a well-organized development plan for the whole nation as well as every single province;a plan of focusing on modernization related to a need of scientific cultural preservation; and a plan of developing new urban areas, new industrial zones along with improving existing infrastructures in order to create a standard for other sectors of the nation economy such as transportation, education, public health, and tourism A subsequent benefit of the planning will be to attract foreign direct investment funds. Industrial Construction Joint-Stock Company (ICJC) is a member of Urban Infrastructure Development Investment Corporation (UDIC) which was founded according to the Decision No 3081/QD-UB of Hanoi Municipal People‟s Committee, on August, 2nd 2007. Industrial Construction Joint-Stock Company has always been one of the strongest members of UDIC and one of the leading companies of the Hanoi construction market.
During the 57 year of experience, ICJC has always satisfied all requirements in terms of political, business and social issues for the development of the country and the capital. Moreover, a special task of reinforcing and enhancing the image of the company during the innovation, industrialization and modernization era has been to create a solid opportunity to compete successfully in the South-East Asia market and in the world as well. The rapid development of the construction market and the hardship of the rules governing competitionare crucial keys to motivate the company in improving its own production scale, financial competence, technical issues and management skills. Adapting to the difficult competitive environment of the past 10 years, these coping strategies have been small in scale, due to poor financial health, outdated technology and inadequate management strategy within the local and domestic market.
The immediate future outlook suggests further pressure to perform successfully will be more difficult than 1 (LUAN.2022 TIEU LUAN MOI download : skknchat@gmail.2022 ever owing tothe challenge of ASEAN and international integration. As a result, there needs to be a continuousaccumulation of experiences and competences, with the objective of creatinga competitive advantage, building up and developinga brand name, and to enter new markets coupled with a solid development plan for current and new business. Based on that reality, creating a business strategy for each business entitywithin a company‟s portfolio is indispensable for its survival and development. A good business strategy shall help to effectively orient a business, to connect and direct every individual, every division to a common goal and objective.
It is the best way to reduce fragmentation, which can weaken a business through departments and divisions operating without coordinated objectives, goals and a clear corporate vision. Real estate is a business typically requiring: a strong and reliable financial source, an ability to secure investment often within a short time frame, thedevelopment and the maintenance of positive working relationships with those in government office and a long term vision of a competent and progressive leadership. Compounding these factors of much needed stability and security is thatthe real-estate market is very risky. However, in the high risk - high return, real-estate field there is opportunity for a business to make substantial monetary gains and create jobs for a company that has established divisions of construction, land development and contracting.
Therefore, this is attracting many businesses to enter the market. As a key member ICJC‟s personnel, I had a chance to take part in developing a strategic plan for the company over the past few years. For a desire of improving my business knowledge and management skills, I enrolled in a course of Master in Business and Management at Hanoi School of Business & Management – Vietnam National University. It is very useful for using and applying the knowledge that I acquired from my lecturers in analyzing and making a business strategic plan for ICJC as.it is also my personal duty and responsibility to take part and contribute to the development and integration of my company.
As per the help and instructions from my lectures, I decided to choose my Thesis topic as: 2 (LUAN.2022 TIEU LUAN MOI download : skknchat@gmail.2022 “ Building the strategy for property business of Industrial Construction Joint-Stock Company (ICJC) duration 2018 – 2022” 2. Overview of related researches It is very important to build a business strategy for a real estate business. A business strategysignificantly and decisivelyinfluences on the success of a business. A business only gains a sustainable development when figure outitself a right direction and a reasonable measure.
In other words,building agood business strategy and carrying out it well are crucial factors to develop a business solidly. In order tobuild a good business strategy and implement it proficiently, a business needs to define their mission and objectives accurately; analyze business environment particularly; develop a strategy that match features of business. A number of references regarding real estate business study: - "Building the real estate business strategy of BITEXCOLAND" by Nguyen Thanh Van - University of Economics - Ho Chi Minh City - “Building the real estate business strategy of SAVICO to 2015 " by Tran Minh Cong - University of Economics - Ho Chi Minh City Based on the researching documents above, I realize that each business has its own way to build a business strategy in order to meet its typical characteristics.According to my research, the topic "Building the real estate business strategy for Industrial Construction Joint Stock Company" has not been issued until now. Therefore, the topic is very necessary for ICJC for the duration: 2018-2022.
By analyzingthe macro, micro and internal environment of the Company, Author shall build the real estate business strategy in accordance with the current situation of the Company and provide the solutions to help ICJC overcome its limitations and achieve business goals for the period: 2018-2022. Aims of researchand Research task 3. Aims of research Building the strategy for property business of Industrial Construction Joint-Stock Company (ICJC) duration 2018 – 2022 3 (LUAN.2022 TIEU LUAN MOI download : skknchat@gmail. Research task - Systemizing fundamental theory of strategy and business strategic plan in order to analyze factors that influence the Company activities and to create a strategy for the Company.
- Analyzing factors that influence real-estate business activities along with the Company activities. Then, putting those analyzed factors and the goals and objectives of ICJC together to build up the Real-estate strategic plan for ICJC – Period: 2018 – 2022. Scope of research 4.