Analysis Of Nigerian Real Estate Industry

ANALYSIS OF THE NIGERIAN REAL ESTATE INDUSTRY & surroundings interpretation of Industry As a pre-requisite ,an insightful knowledgeand sagaciousness of the external and inner(a) environment of the organization is required for a four-in-hand to stratagem a strategy that is fit to the organisation situation. I am a berth run professional providing property services solutions to clients on a whole range of issues. It is thusly ratiocinative that for the purposes of this assignment my extend to should be intimately the Nigerian true commonwealth industry and agonistical environment. Oxford Advanced assimilator’s Dictionary defines ‘industry’ as ‘’the sight and activities touch 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, factual estate developers, regulatory authorities, buyers and sellers of legitimate 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 adjacent; 1) An examen of the industry’s dominant features. 2) Profiling of the warring forces.

3) An estimation of the driving forces of change and their relative impacts on competitive and lucrativeness (industry architecture) 4) A determin ation of the market positions of rivals. 5)! A prediction of the presumable 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. overriding FEATURES In 2006 Nigerian building,...If you want to get a honey essay, order it on our website: OrderCustomPaper.com

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