Politic Of Nation Building And Citizenship - Myassignmenthelp.Com

Question: Discuss about the Politic OfNation BuildingAnd Citizenship. Answer: Introduction A business organisation is an entity that operates on the fundaments of the principles and ethics followed by the management of the organisation. The management is responsible for formulating policies and taking decisions on the behalf of the organisation. In order to facilities the smooth operation of the business several analysis and research is undertaken to effectively take as well as implement policies and decisions (Capitaland.com, 2018). Depending on the scale and nature of the business the size of the management is determined. Strategizing, organizing, employing, leading and monitoring are some of the basic functions of the management. The organisation that is going to be studied in the following report is Capita Land(Capitaland.com, 2018). CapitaLand Limited is one of the largest multinational real estate companies in Asia. The organization is headquartered in Singapore and was established in November 2000. CapitaLand was formed as a result of the merger of two companies DB S Land and Pidemco Land. The value of the organisation is S$85 billion as at 30September 2017. Capita Land operates in approximately 150 cities in over 30 countries; geographically the company centers its focus upon Singapore and China and is constantly expanding in Vietnam and Indonesia as well (Capitaland.com, 2018). Some of the services that are provided by the company are: shopping malls, offices, residential homes, integrated developments, serviced residences; real estate investment trusts (REITs) and funds.The Chairman of CapitaLand Limited is Mr Ng Kee Choe, the core management comprises of 11 directors out of which 10 are non-executive(Capitaland.com, 2018). Some of the accomplishment of the organisation includes being one of the Global 100 most Sustainable Corporation in the world 2015 by Corporate Knights. Capita Land is also listed in the Sustainability yearbook 2015 by RobecoSAM. The organisation is focused on building sustainable and innovative future(Capitaland.com, 2018). The objectives of Capita Land are: To ensure value relation with the consumers and clients To provide with premium quality service To work towards a sustainable future (Capitaland.com, 2018) PESTEL Analysis An organisation operates in two business environment internal and external. The internal business environment can be controlled and monitored by the organization as the factors involved in the process are within the controllable limit of the management, on the other hand, the external business environment are some of the aspects which deeply influence the management and the policies of the organisation but are not under the control of the management hence it should be analyzed in order to continue operating in a smooth way (Gupta, 2013). With the help of PESTEL analysis an organisation can determine analyze the macro environment and understand the market growth or decline, opportunities and barriers; it can also understand the position of the company in the market. Factors such as political, economic, social are the three most important factors that the company should analyze to understand and strategies according to the external business environment. Singapore is the home country of Capita Land and the analysis that is undertaken is conducted based on Singapore (Gupta, 2013). Political: Singapore is a country that is politically stable and do not have an extensively strong trade barrier. The Political and Economic Risk Consultancy (PERC) is a firm that provides strategic business information and analysis for companies doing businessstates that politically Singapore is one of the lowest risk countries. The country has a democratic government that enjoys stability since independence (Hill Lian, 2013). The standards of living among the citizens have improved drastically in the past decade owing to a growing economy. This aspect of the country has resulted in attracting the business organizations to invest in Singapore. Several multinational organisations have their operations in Singapore. The country also has liberal trade policies to encourage business in the economy. In 2016 the government of Singapore had announced that S$4.5 billion will be invested to ensure an industry transformation program and in 2017 in the budget the government said that along wit h this investment additional S$2.4 billion will be invested in the next four yearsto sustain potential growthin theinternational economy(Koh, 2018). Research and industry development also received monitory support from the government which makes it easy for the business to invest and grow in the economy. For a heavy industry like real estate it is important to have support from the government to expand and grow the business (Hill Lian, 2013). Economic: The government in the year 1960 recognized the importance investment and formulated several polices to encourage local and foreign trade in the country. The economy of Singapore has developed ever since and is now in a much stable condition. It has emerged to be one of the successful and strongest economies in Asia having a free-market condition (Tremewan, 2016). As a developed economy the per capita income of the citizens are high which ensure that the standard of living among the people are also high, this aspect of the economy ensures that business prosper and grow in the country as there is demand of products and services. Some of the major aspects of the economy that influence trade and business are: negligible rate of corruption, high education level among the citizens, healthy competitive market. Some of the issues that are faced by business organisations in Singapore are: shortage of labor and constantly increasing wage rate (Tremewan, 2016). The scarcity of human r esource is a prominent issue in the country. The economy of Singapore mostly focused on the service sector like tourism, real estate etc. To combat the issue of human resource in the country the government has invested to raise the productivity, and improve the skill among the employed population of the country.Another area where the government has shown interest and support is in research and innovation, these aspects will ensure to maximize impact of industrial transformation program. The government and the industries prevalent in the country will come together, to identify barriers and develop solutions to support transformation (Tremewan, 2016). This sector has contributed approximately 75.5% to the total GDP in 2016.The industrial sector contributes 24.5% whereas the manufacturing contributes 18.3% to GDP. Some of the other economic challenges that are faced by the country are presently are: low fiscal balance, currency depreciation and low oil prices(Koh, 2018). Social: The society in which an organisation is set up is important to analyze in order to understand the growth possibilities in the future, nature of the consumer behavior, barriers that the organization is facing from the society and the perspective that dominates the society etc. The standard of living among the population of Singapore can be said to be high owing to the high per capita income(Lee, 2018). Education is given importance by the society and the government which has ensure that the literacy index of the country remain on the higher end. The society follows traditional principles and values but with a contemporary outlook towards innovation and progression. These values are also noticed in the mission and vision of CapitaLand. The population of the country is happy with the government is willing to do their own bit for the development and improvement of the economy. The blue-collar jobs are disliked by the population which in turn gives foreign workers an opportunity t o work in the economy which explains the issue of labor that is mentioned above. A real estate organisation like CapitaLand has ample of scope of growth and expansion in the country as there is constant demand for construction and development (Lee, 2018). Porter's five forcesAnalysis The porters framework is an analytical tool that is used by organizations to determine the level of competition in the market. These five forces explained form the micro environment in which a company operates it analyses the industry more than the company giving an in-depth idea about the competition in the market so that an organisation in that industry can take decisions regarding becoming the market leader and gaining competitive advantage over the other players in the market (Dobbs2014). Competitive rivalry in the industry: the real estate industry in a country is the direct reflection of the economic growth and development of the country. With improving conditions of the economy the demand for the services of a real estate organisation also increases. The companies that operate in the real estate industry concentrate the resources in the market so that they cangain large market share and eventually become the market leader in the long-run. Apart from the number of competitors in the industry, the rivalry heavily depends on the balance of power, product differentiation, and market supply and demand (Mera Renaud, 2016). This is a heavy industry and it ensures profit in large amount but it also includes immense risk and support from the external business environment factors like government, shareholders, society, economy of the country of operation etc. the government of Singapore has supported the industry and has come up with several measures to ensure growth and dev elopment of the industry . Far East Organisation, Frasers Centrepoint, Kingsford Development Pte Ltd etc are some of the major players in the Singapore market. CapitaLand is a multinational company hence the organisation seeks competition on a global platform as well. Therefore it can be concluded that there is intense competition in the market (Mera Renaud, 2016). Threat of new entrants: Free market entrepreneurs in Singapore are free to embark upon a business journey that they wish to. As discussed the government has several policies and measures to encourage business and trade in the economy. In the case of real estate industry it is essential for the entrepreneur to employee a large investment and the operation of the business also requires large amount of money to meet the daily requirements of the business (Deng et al., 2014). As a multinational company CapitaLand do not pose major threat from the new entrants as the company has a good position in the market. Therefore the scale of business in this industry plays a large role to determine whether the new entrant pose threat to the old players in the market. Brand identification is also another hindrance for new organisations as the clients that will invest in a real estate would like to do business with the organisation they believe in or has previously done business with. Hence it can be said that the threat from new entrants is moderate in the industry (Lee et al., 2014). Threat of substitute products or services: the service that is provided by a real estate company has no substitute; the only substitute to the service is rehabilitation instead of new construction, which is highly unlikely in the countries that CapitaLand operates. The concept of substitute for the real estate industry is ambiguous and very difficult to establish therefore it can be said that the threat of substitute of the industry sis low or negligible (Lee et al., 2014). Bargaining power of the suppliers: The suppliers of a real estate firm like CapitaLand requires a number of suppliers for the raw materials to constructa building. The financial institutions that support the organisation also can be regarded as a supplier of the company as they supply financial support which is important for the daily operations of the business. The switching cost of the organisations is low as there is trust and goodwill also associated with thebusiness hence the bargaining power of the suppliers is high (Deng et al., 2014). Bargaining power of the customers: An organisation that operates in the real estate industry has to strive hard to gain goodwill and good reputation from the clientele. The industry is governed by powerful consumers who invest a lot of money in getting the services form the organisation. The pressures from the clients are felt by the organisations thus it can be said that the bargaining power of the consumers are high (Deng et al., 2014). Recommendation Scanning The company has sufficient resources to have a successfully expand in countries which have developed economies so that there is a constant flow of finance in the organisation to support and back up the sustainable plans in the future. The organisation should encourage more innovation and creativity in the process of operation to ensure that the company includes sustainability in every step of business operation and also reduce the cost of operation in the long-run. Forecasting The organisation should strive towards building a clear brand image as it is a key to the success in the real estate industry. The creation of the company is based on acquisition and hence there is a confusion related to the identity of the organisation. With the help of main-stream advertising or promotional tactics the company will gain foothold in the industry and will be able to maintain the position of the market leader. Assessing As a notable name in the real estate industry CapitaLand, should enable skill development and personal improvement program within the organisation as well as outside the organization. The company can organisation comprehensive internship programs by partnering with top universities and colleges to ensure that students who want to explore their talent in the industry can get a close understanding of the dynamics of the work culture and the way the industry works. For internal development of the employees the company can ensure that in every six months an evaluation process is initiated and specialized skill development programs and seminars are arranged for the career development of the employees. balanced scorecard method can be used to assess the performance improvement of the employees. Monitoring The expansion and the growth rate of the organisation is the best way to monitor the prospects of the company based on the recommendations. The company has to focus on the strengths and work on the weaknesses that are discussed. Market research and analysis is another way to monitor the impact of the recommendations, the origination heir third party research organisations to conduct the research or may choose to do it internally. Conclusion It can be concluded form the above discussion that CapitaLand is one of the leading real estate organisations in Asia. The company is focused on developing a sustainable future and hence employees several plans to ensure that the growth of the company is accompanied by development of the society and the people associated with the company as well as improvement of the environment. Some of the opportunities of the organisation that has been concluded form the porters and the Pest analysis are: The industry in which the organisation operates has intense competition but the company has several strengths coupled with opportunities to expand and grow in the future. The organisation mostly operates in Asia and hence it has the opportunity to expand in some of the most rapidly developing countries in the continent. The company has been channelizing the focuses of the resource in expanding in Indonesia and Vietnam, along with this Myanmar is also a land of opportunities. The organisation can also expand its operation in China and Japan as well. The organization has the resources to invest in innovation and reduce the cost of operation of the business on a daily basis. This also gives the company an opportunity to strive towards the objective of achieving a sustainable future. The company is focused on some of the specific countries for expansion which takes away from the opportunity that it has to expand in other global markets as well. Reference list: Capitaland.com. (2018).Our business.capitaland.com. Retrieved 3 January 2018, from https://www.capitaland.com/international/en/about-capitaland/our-business.html Capitaland.com. 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