The study tries to analyse the real estate sector with a special emphasis on Wulvern which is a charitable organization that provides housing solutions to need based customers. The study tries to identify the strategic…
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The progress of civilisation has been inextricably linked with the development of housing. The aspect of housing as a business venture has been there since time immemorial. Over the years, housing has evolved from being a necessity to a luxury statement with luxurious condominiums dotting the landscape. Housing industry has evolved from being a necessity to a burgeoning profit making business. The demand for quality housing has been on the rise with the proportionate increase in the disposable income. Access to easy finance in the form of cheap credit has transformed the housing sector into a booming industry with huge potential. Twenty first century housing industry consists of big organisations executing projects worth billions of dollars across the world. The study deals with the strategic issues faced by Wulvern Housing.
The recent financial crisis which began with the subprime crisis in US has engulfed the housing and real estate sector across the world. A research conducted by Knight Frank and Delloite shows a severe mismatch in the demand and supply dynamics of the real estate sector. The study shows that the supply of housing has hit rock bottom figures. The dip in supply could be attributed to the mortgage crisis and the subsequent credit crunch and recession that have significantly reduced the demand for new housing space. The financial turmoil has resulted in job losses among individuals which have in turn reduced the availability of finance for purchasing new homes. The scenario is the same for both US as well as the European markets (Delloite, 2010, p.4-5). The financial crisis has impacted almost all the sectors in UK’s economy. This crisis has also led to credit crunch which has severely affected the growth of an organization. Unavailability of credit has also affected the purchasing powers of the customers which has led to mismatch in demand and supply aspects. Such conditions have severely eroded the
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This essay explores the influence of shareholder and stakeholder in strategic planning; Selecting strategic directions with respect to risk and Development, implementation and review of strategic plan. The discussion seeks to answer the questions: How to identify the shareholders and stakeholders? What the role of shareholder and stakeholder in the strategic planning process?
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ance management system 17 Balanced Scorecard 18 Conclusion 19 References 21 Abstract The practises in the field of strategic management involves decision making by the higher management of a company by considering the resources available with the company and the changes in the external environment in order to attain long term sustainability in business.
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Strategic management in the public sector is a complex process since there are multiple stakeholders with varying needs and limited resources available. There are various approaches to strategic management in the public sector.
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