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MBA Application question - Contemporary issue, impact as a business man (real estate) - Essay Example

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Online shopping in is an increasingly growing development that has seen retail consumers progressively use the internet and social media tools as effective channels of gaining shopping experience1. What this essentially means is that there is no longer a great demand for…
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MBA Application Essay question - Contemporary issue, impact as a business man (real estate)
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Download file to see previous pages This in turn increases the efficiency of the retailers accessing and sending products to the customers who purchase online, thus reducing the expenses associated with both large inventory maintenance and high rent for expansive physical stores.
Consequently, with the great interest and focus I have in real-estate business, I would majorly want to venture into lean upscale store investment as part of the real-estate portfolio I seek to build. This will make it possible to tap on the newly developing market segment in the real-estate, which is spelling doom for the traditionally expansive and blotted office and tenant spaces3. Thus, my focus would be to venture in the real-estate development that specifically invests in shopping centers and malls that are strategically located in upscale neighborhoods, which are partitioned into lean stores and tenant spaces. This will enable my real-estate portfolio take advantage of the increasing demand for lean store tenant spaces, while at the same time enabling my tenants to take advantage of the increasing online shopping trend for the retail customers.
The issue of lean-store tenant space is important to me, since my focus and business acumen is majorly on the real-estate business, which I seek to expand and move internationally. Online retail shopping is a globally developing customer trend. Therefore, focusing my real-estate portfolio on the construction of commercial structures offering lean tenant spaces is a facilitative strategy both for the future sustainability of my real-estate business as well as for the retail business seeking to enhance the online shopping experience for their customers. This way, building a real-estate business that is focused on upscale lean-tenant space stores development will ensure that my real estate business will have an advantage of offering low-cost renting retail spaces, thus attracting ...Download file to see next pagesRead More
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