DAT HOC QUOC GIA HA NOT KHOA QUAN TRI VA KINH DOANH BÙI HỎNG HẠNH BUILDING THE COMPETITIVE STRATEGY FOR ATS LAW FIRM CO., LTD LN THE PERIOD OF 2018- 2022 XÂY DỰNG CHIẾN LƯỢC CẠNH TRANH CUA CONG TY LUAT AT§ TRONG GIAI ĐOẠN 2018-2022 LUAN VAN THAC Si QUAN TRI KINH DOANH Ha NGi - 2017 DAT HOC QUOC GIA HA NOT KHOA QUAN TRI VA KINH DOANH BULHONG HANH BULLDING THE COMPETITIVE STRATEGY FOR ATS LAW FIRM CO., LTD IN TITE PERIOD OF 2018- 2022 XÂY DỰNG CHIẾN LƯỢC CẠNH TRANH CỦA CÔNG TY LUẬT ATS TRONG GIAI DOẠN 2018-2022 Chuyên ngành: Quản trị kinh doanh Mã số: 60 34 01 02 LUẬN VĂN LHẠC SI QUAN TRI KINH DOANH NGƯỜI HƯỚNG DÂN KHOA HỌC: PGS. HOÀNG ĐÌNH PHI Ha Noi - 2017 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.
Analyzation of the internal factors (FH). Han re80tirees,. Finangial situation of ATS - - - 44 2. Identification of ATS’s strengths and waaleness.
Matrix of the internal factor analyzation (IEE) - 45 2. SWOT matrix of ATS law firm - - 46 2. The current business strategy of ATS. „48 CHAPIER 3: PROPOSAL OE 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 orisulation and operation target of ATS law firm in the period of 2018- 3. Competitive strategy of ATS in the period of 2018-2022 and the action plan.1, Building the competitive strategy of AT'S in the period of 2018-2022 s0 3. Competilive strategy of ATS in the periad of 2018-2022 and action plan 55 3. Appraisal of the supervision and result of the actiert plan.
Suggestion ta ATS - sp 3. Disadvantage of the thesis and the possible next coming reszarch. LIST OF TABLES Table 2.1 Revenue in period 2014-2016.2 Matrix evaluation of the external factors of ATS law ñimm.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 maftix.
90221 đỔ 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 competitive strategy for A15 law firm in the period 2019-2022” with aims to find oul the effective strategy for the stronger stability of the law finn in the current situation, and its development in the future 2 Objective of the research Purpose of the research: Basing on ihe theorics on the business slralcgy 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 fisture ‘usiness operation of ATS law Gi in the period af 2018-2022, with ams to cranec its competitive advantages and development in the situation of harder competition and infemational 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 stralegy design in ATS law firm ? ‘Ihe answer of this question serves the identification of the necessity and meaning of the research purpose, research siluation, the approaching method, as well as using of research methodology for achieving the planned target. 2) What is the theoretical bases af the business strategy design? Which theretical models are used for analyzing and defining the business strategy of ATS law firm? The answer of th rescarch aims to identify the thcorclical bases for defining ATS law firm’s business strategy by using models such as five forces, value chain, SWOT matrix, ete 2Which factors thet can impaci the actual business operution 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 AT'S. 4) What is the competitive strategy af ATS in the future? What are the solutions for implementing the furire 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. 3 Subject of the research Subject of the research include the following factors: (a) Analyzing the current internal and external factors impacting to A1'S law firm.
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 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 LIST OF TABLES Table 2.1 Revenue in period 2014-2016.2 Matrix evaluation of the external factors of ATS law ñimm.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 maftix. 90221 đỔ competitive strategy for A15 law firm in the period 2019-2022” with aims to find oul the effective strategy for the stronger stability of the law finn in the current situation, and its development in the future 2 Objective of the research Purpose of the research: Basing on ihe theorics on the business slralcgy 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 fisture ‘usiness operation of ATS law Gi in the period af 2018-2022, with ams to cranec its competitive advantages and development in the situation of harder competition and infemational 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 stralegy design in ATS law firm ? ‘Ihe answer of this question serves the identification of the necessity and meaning of the research purpose, research siluation, the approaching method, as well as using of research methodology for achieving the planned target. 2) What is the theoretical bases af the business strategy design? Which theretical models are used for analyzing and defining the business strategy of ATS law firm? The answer of th rescarch aims to identify the thcorclical bases for defining ATS law firm’s business strategy by using models such as five forces, value chain, SWOT matrix, ete 2Which factors thet can impaci the actual business operution 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 AT'S. 4) What is the competitive strategy af ATS in the future? What are the solutions for implementing the furire competitive strategy?