This structure is composed of gender, race, age, income, migration patterns, and the rate of growth. Social Factors Some of the social factors affecting the external environment of Guzman Realty include beliefs, attitudes, values, opinions, and lifestyle of individuals.
The success of Guzman Realty strongly depends of competitive pricing and effective marketing practices. If Guzman Realty is perceived as permanent in the community, competitive in its compensation package, and concerned for the welfare of its employees and the environment, it is most likely to attract valuable employees and clients.
Low Brand Recognition A major weakness affecting Guzman Realty is its currently low brand recognition. A SWOT analysis enables companies to identify the positive and negative factors affecting the business and its strategic planning.
More essays like this: Demographics are the actual data that describes the structure of a population. The parties working for Guzman Realty have approved to a particular compensation arrangement that provides very little accountability toward each other. In conclusion Guzman Realty is a new real estate company that was launched in the market couple years ago.
As more companies compete to gain market share, there is a strong possibility that Guzman Realty may experience low profit and decrease in its total sales. Employees at the real estate business are provided with flexible schedules because the company sees employees as independent contractors and their own bosses.
For instance, an interesting trend in housing market has been the transition of the baby boomer to retirement, which began back in When developing a business philosophy and product, it is necessary for Guzman Realty to use its strength in quality production and customer service.
These types of statistics are significant factors that can affect the price and demand of real estate properties. Planning for Domestic and Global Competition. Structure of the Organization and its Affect on Organizational Performance Guzman Realty Company has an overlapping structure in which a licensed broker oversees a group of licensed independent contractors.
In addition salespeople that work for Guzman Realty work under the direction of a broker but are fundamentally accountable for their own business actions.
So if the Guzman Realty is aware of the incentives offered by the government, they can inform clients in order to influence the demand and supply and identify potentially false trends. These factors together influence the basis for opportunities and threats that firm encounters in its competitive environment.
Political Factor Legislation as part of politics is considered another important factor that can have a long lasting effect on the demand and price of real estate.
Developing a profile regarding its present and prospective customer increases the ability of managers to plan strategic operations. Competitive position and possibilities The real estate industry is extremely competitive, and numerous agencies are competing to offer their products and services to the consumer.
The success of Guzman Realty strongly depends on competitive pricing and effective marketing practices. In the real estate industry, dominant agencies tend to control a large portion of the industry. Also, prime interest influences the real estate market because changes in interest rates can affect the ability of a person to purchase a house.
This transition has had a significant effect on the actual market for many years. With this purpose in mind, this paper will provide a complete environmental scan for the proposed real estate company.
By assessing its competitive position, the company can improve its probabilities of planning strategies that enhance its environmental opportunities.
For instance, when interest rates fall, the cost of buying homes decreases, which in turn creates a higher demand for homes, which increases prices. Larger changes in the demography of a location can have a tremendous effect on real estates trend for many years. Conversely, when interest rates rise, the demand for homes decreases and real estate prices drop Nguyen, External and Internal Environment Analysis Essay Sample.
Guzman Realty is a new real estate company that was launched in the market a couple few years ago. The intention of this dissertation will be, to explain Adidas’ internal strategies and the construction of their individual competitive advantage.
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Internal and External Analysis Description Monsanto Company* Creating an effective strategic management plan relies heavily on analysis of both your existing company and factors in the business environment that impact decision making.
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We will write a custom essay sample on External and Internal Environmental Analysis Paper specifically for you. for only $ $/page. Order now. Search. External and Internal Environmental Analysis Charles Johnson STR January 9, Professor Virginia Green External and Internal Environmental Analysis Theez Doggs is a start-up restaurant in the City of Inglewood, CA.
The restaurant industry is very competitive industry.Download