ANALYSIS OF THE NIGERIAN REAL ESTATE INDUSTRY & milieu interpretation of Industry As a pre-requisite ,an insightful knowledgeand intellectual of the external and inner(a) environment of the organization is required for a music director to stratagem a strategy that is fit to the organisation situation. I am a keeping run professional providing property services solutions to clients on a whole range of issues. It is and so ratiocinative that for the purposes of this assignment my perplexity should be intimately the Nigerian true commonwealth industry and private-enterprise(a) environment. Oxford Advanced disciple’s Dictionary defines ‘industry’ as ‘’the population and activities multiform in producing a particular thing or in providing a particular service’’ ( Horby;2000). From this definition therefore my concern about the objective estate industry has to do with people (property professionals, financial institutions, accredited estate developers, regulatory authorities, buyers and sellers of sincere estate) and activities (financing, real estate acquisition and disposal, conveyance of real estate, development permit and checker and facility management) Thompson, Strickland Gamble(2008) suggested a-7-way approach to gaining an understanding of an industry. The 7-way test includes the pursuit; 1) An examen of the industry’s dominant features. 2) Profiling of the competitory forces.
3) An estimation of the driving forces of change and their relative impacts on competitive and lucrativeness (industry architectur e) 4) A determination of the market positi! ons of rivals. 5) A prediction of the likely moves of rivals. 6) An ascertainment of the key factors for future success (long term thinking) 7) Ganging the industry outlook. I intend to adopt this 7-way test/model to analyze the real estate industry and competitive environment in Nigeria. 1.1. outweigh FEATURES In 2006 Nigerian building,...If you want to get a unspoilt essay, order it on our website:
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