ĐẠI HỌC QUOC GIA HÀ NỘI TRUONG QUAN TRI VÀ KINH DOANH NGO ĐĂNG QUYEN BUILDING BUSINESS STRATEGY FOR LAM TUNG CONSTRUCTION INVESTMENT AND CONSULTANCY JOINT STOCK COMPANY LUẬN VAN THAC SĨ QUAN TRI KINH DOANH Hà Nội - 2024 ĐẠI HỌC QUOC GIA HÀ NỘI TRUONG QUAN TRI VÀ KINH DOANH NGÔ ĐĂNG QUYÈN BUILDING BUSINESS STRATEGY FOR LAM TUNG CONSTRUCTION INVESTMENT AND CONSULTANCY JOINT STOCK COMPANY CHO CONG TY CO PHAN TU VAN VA DAU TƯ XAY DUNG LAM TUNG Chuyén nganh: Quan tri kinh doanh Mã số: 8340101.01 LUẬN VĂN THẠC SĨ QUẢN TRỊ KINH DOANH NGƯỜI HƯỚNG DAN KHOA HỌC: TS. NGUYEN QUYNH HUY Hà Nội - 2024 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 Management, and the laws for above-mentioned declaration.
ACKNOWLEDGEMENT This research is dedicated to all people who are directly or indirectly supporting me to successfully complete this work. I would like to take this opportunity to extend my sincere thanks to Vietnam National University, Hanoi/Hanoi School of Business and Management (HSB) for their perfect and successful organization of this post graduate course. My great thank also convey to the professors and all administrative staff of HSB for their valuable lectures and generous support during the course. I am grateful to Dr.
Nguyen Quynh Huy for his valuable guidance from the beginning to the end of this work. Finally, I am especially thankful for the love, encouragement, support and patience of my partner throughout the research and writing process. il TABLE OF CONTENT 508. vi LIST OF TABLES 200.
viii CHAPTER 1: INTRODUCTION.- xxx HHHHnHnHHnH gh g g g nnưy 1 1. Rationale of the reS€aTC.-- 6 51 23 930991901 01 HH HH HH nh nh nành 1 1. Gap of the research. Research objectives and SCOD€.--- 5 5 +1 HH HH ng nh tư 4 1.
Contribution of the T€S€aTCH.- -- 5 5s 23 1991 HH ng gu nh nành 5 1. Structure of the StUGY 10. 5 CHAPTER 2: THEORETICAL FRAMEWORK OF THE RESEARCH. 2Q LH HH HH HH HH kh 6 2.
Definition and levels of S{TAf€ØV. HH HH nh Hy 6 2. Types of business SfTAf€1S,. óc HH HH HH TH HH HH 9 2.
Management Of StTAf€Ø1€S. The importance of business SITAfCV. The Strategy-Formulation Analytical Framework for Lam Tung company. The Input Stage oo.
External macro-envirOnMent. Sector environment ÍaCẨOTS.3 Internal e'iVITOIIN€TI. - -ó- 5 5 30 919 9 ng ng nh ng hệt 15 2. The framework for Lam Tung Company’s SWOT analysIs.
SWOT Íram€WOTK.- Ác SH HH TH HH HH HH 17 2. Strategy building DTOC€SS.-- - c1 11191111911 9 Họ ng ng kg rry 18 2. The decision in. Data sources and collecting (Ìafa.
--- --- 5 2s + kg nh ng ng rư 21 1H CHAPTER 3: ANALYSING CURRENT BUSINESS STRATEGY AND CONTEXTS FOR LAM TUNG CONSTRUCTION INVESTMENT AND CONSULTING JOINT STOCK COMPANYY. LH HH Hiện 22 3. The introduction of Lam Tung’s current business strafegy. Analysis of external contexts (the context driven strategy formulation).
Analyzing the Macro ©fIVITOTITIIH. Level of COITD€fI{IOII. Analyze the internal enVITOTIN€TE. Product and service OTI€TI{AfÏOHN.- 4G s13 31 vn ng ngư 32 3.- - ch TH HH HH, 33 3.- «G119 TH HH HH Hệ 34 3.
35 CHAPTER 4: BUILDING A BUSINESS STRATEGY FOR LAM TUNG CONSTRUCTION INVESTMENT AND CONSULTING JOINT STOCK COMPANY 001. Development OTI€TIfAfIOTI. Business prospects in the COMING D€TIOC. Strategic vision and ØOaÌS.
Strategy implementation SOlUtIONS .ccceeceeeeseeeseeeeeeeeeseeeeeeseeeseeeseeneeaeens 46 CHAPTER 5: CONCLUSION AND RECOMMENDATIONS.,Ô 53 IV ABBREVIATION Abbreviation Description EFE External Factor Evaluation IFE Internal Factor Evaluation SWOT Strengths — Weaknesses — Opportunities — Threats Lam Tung Lam Tung Construction Investment and Consulting Joint Stock Company. CPM Competitive Profile Matrix QSPM Quantitative Strategic Planning Matrix Mi LIST OF TABLES Table 3. External Factor Environment «0.2: Maintenance management, traffic infrastructure (Unit: Km). Maintenance capital structure table from 2020-2022.
The list of consulting companies by years. Competitive profile Matrix for Lam Tung. Human resource structure of LAM TUNG company. Report on production and business results in 2020-2022.
Internal Factor Evaluation matrix for Lam Tung company. SWOT matrix for Lam Tung companyy. QSPM matrix for Lam Tung company.-- s5 sssseersserssss 45 vil LIST OF FIGURES Figure 2.1: Level of Strategies with Persons Most Responsible — Small Firm.2: Firm’s Sustainable Competiviveness Pyramid.3: Interrelationship in management processes at Firm’ level .4: The Strategy-Formulation Analytical Framework.5: Michael Porter's Five Forces Model .6: Example for CPM MafrIX.7: Example for CPM MafTIX.- -- <1 1kg HH nề, 17 Figure 2.8: The SWOT matrix .-- Án HH Hàn Hưng gưệt 18 Figure 2. Strategic management DTOC€SS.
- - 5 112x191 9v ng rey 19 Figure 2.10: Example for QSPÌM. nh HH HH HH Hàng gà 21 Figure 3. The priority to resources to develop transport infrastructure in the period "2/510. Economic growth in the period 2011-202]1.-- ---+-s+++<ss>+ss>++ 26 Figure 3.
Market share percentage chart (number of projects) in 2020 Bac Kan 04021011155. Market share percentage chart (number of projects) in 2021 Bac Kan 0010111153. Market share percentage chart (number of projects) in 2022 Bac Kan 0124012117577. P330 Pro drone survey device.
ó5 nh HH ng ưệt 33 Figure 3. Lam Tung’s work picture in Bac Kan province. Five-step process model for managing strategies & plans with firm’s directions of innovation & sustainable competifIV€TI€SS. -- -- 5-5 + s+<sss+ss++ 47 vill CHAPTER 1: INTRODUCTION 1.
Rationale of the research Nowadays, the technological revolution, globalization, and increasingly harsh business environment have brought many opportunities and challenges for entrepreneurs in all sectors of the economy. Businesses must be ready to face many challenges and competition from the market due to unusually changing circumstances, both inside and outside the company (Hoskisson et al. Unexpected situations occur more often, requiring businesses to have quick reactions and take advantage of opportunities quickly (Ambrosini and Bowman, 2009). Therefore, the role of sustainable development orientation and strategic orientation plays an essential role in the development direction of enterprises in this era.
A significant challenge is gradually emerging for business administrators and entrepreneurs managing a business. That is how their business can cope with new challenges from the competitive market; without passively reacting to or accepting losses or failures from their business operations (Barney, 1991). The world's businesses in general and Vietnam, in particular, all want to do business effectively and bring many valuable contributions to the development of human society. Companies need to have the right strategic vision and build the right business strategies and competitive strategies (Grant and King, 2002).
From the very beginning of the economic market in general, any business knows the role of developing an effective method to promote the business's internal strengths and take advantage of export opportunities (Narver et al. present on the market. The requirements for businesses are increasingly complex, with building an effective strategy in line with corporate structure and business goals (Narver and Slater, 1990). However, it also requires businesses to create a comprehensive corporate governance system in terms of people, corporate culture, and management processes at all levels (Gatignon and Xuereb, 1997).
Therefore, this study was built to evaluate the current business capacity of Lam Tung Construction Investment and Consulting Joint Stock Company (Lam Tung) - an enterprise operating in the construction investment, infrastructure, transportation, industrial and civil construction businesses; and, from there, developing necessary strategies to ensure sustainable development of Lam Tung in the future. This study was conducted based on the primary data collected from Lam Tung enterprise and an in-depth interview for employees and business managers; to analyze the contents of competitive strategy and the most effective business strategy for Lam Tung. The results of this study are competitive strategies to drive Lam Tung to new successes to help Lam Tung have a clear development direction, and promoting brand expansion and businesses in new contexts. The method is based on Lam Tung's long- term strategic vision and mission.
The research results play an essential role in promoting business performance and clear development direction for the business. In particular, developing Lam Tung's competitive advantages in the short term with current market conditions is a process of designing and building innovative business ideas to allocate Lam Tung's resources promptly and effectively. Gap of the research The variety of competition types and marketing communication tools have made the competition more intense. Top-down strategies do not seem practical enough due to the complexity of the economic sectors involved.
Instead of building an overall program that applies to most cases, businesses develop specific strategies for each activity area. Many companies make simple plans based on strategic direction to implement action plans rather than rigidly following given processes (Olson et al. Flexibility in formulating strategies plays an essential role in businesses' success, including Lam Tung. Many companies use financial strength to increase market share and drive revenue while overlooking sustainable development.
However, this strategy is only short-term; in the long term, the goal of enterprises is that the intrinsic value of the business is enhanced through long-term strategic orientation. Long-term strategic direction is vital for companies, but it is not easy to determine this (Helfat and Winter 201 1). Factors include internal connections, corporate values, and structural resources with an extensive corporate value orientation. Lam Tung Construction Investment and Consulting Joint Stock Company was established in 2017 in Ha Noi, by the author and 2 co-founder shareholders with the goal of building a leading consulting business in the field of construction investment.
infrastructure, transportation, industrial and civil construction throughout the country. With a team of 30 officers, engineers and leading industry experts with high qualifications and experience, we have been absorbing advanced technologies domestically and internationally to be ready to provide innovative solutions. most effective and efficient for works and projects at home and abroad. Regarding the field of consulting in general and design consulting, construction supervision consulting of traffic works in particular, are facing many great pressures and challenges.
The Ministry of Transport is actively implementing large projects linking regions to promote socio-economic development. Projects using road maintenance capital are also being actively promoted by the Vietnam Road Department to ensure traffic infrastructure on national highways to serve local economic development and ensure safety. Along with that, more private projects are implemented such as urban areas, industrial parks, factories. With the capacity and experience of the company's team of engineers and leading experts today, Lam Tung Company has been providing the most creative and effective solutions thanks to the application of science and technology, innovation in working methods and achieving certain exemplary results.
applied to subsequent projects. Currently, Vietnam has a sustainable economic growth rate with increasing urbanization, growing market size, building infrastructure such as expressways, upgrading national highways. The focus to connect regions to serve economic development and attract domestic and foreign investors to Vietnam is being strongly implemented by the government. That's why more design consulting units and supervision consulting units have been established, and competition between consulting companies has become fiercer.
Faced with those challenges, I chose my research topic as "Building a business strategy for Lam Tung Construction Investment and Consulting Joint Stock Company". Research objectives and scope The goal of this research is to build a business strategy that is flexible and adaptable to new contexts for Lam Tung Construction Investment and Consulting Joint Stock Company. The research scope of the thesis is the theoretical basis for building a basic business strategy for an enterprise.