Business Report Assignment for Hammerson Plc. (Essay Sample)
This essay is for selecting any one of the company to analyze from given companies.
I will upload 3 documents. First one is the homework requirement and the grading rubric. The rest two document is the sample essay.
Please write according to the grading rubric and structure, make sure to have a grade at least 60 or above 60. Thanks
Business Report for Hammerson Plc.
An organization is supposed to have proper strategies in the aim of achieving set long term goals of long term goals in the market. Market analysis is essential for the organization to develop strategies that will guide the company to acquire a competitive edge. The strategies implemented aims at providing commodities that are widely accepted by the targeted consumers. The management is required to have adequate knowledge of the competitors and consumers in the market so as to improve the performance of the company (Hood & Birkinshaw, 2016). The production of products and services should be cost effective to make it possible to implement a competitive price in the market. According to Spieth, Schneckenberg and Ricart (2014) implementation of innovation and technology in production creates a strong brand for the company which in return improves the competitive edge in the market. This business research focuses on Hammerson Plc. which is one of the leading companies in the British property development industry. It is essential to perform market and financial analysis to develop effective suggestions that will provide a sustainable competitive edge.
Hammerson Plc. was founded in 1942 by Lewis Hammerson which mainly dealt with residential properties in UK. The company expanded its operations and entered the commercial property development in 1948 to ensure that they acquire an increased market share in the property development industry (Nikbakht, Shahrokhi & Spieler, 2016). It is essential for a company to use innovation and technology in developing properties that will be widely accepted in the market. Hammerson Plc. Become a public company in 1954 in the aim of acquiring increased capital that will improve the number of properties developed by the company. The company aimed at ensuring that they turn houses into apartments that are widely accepted by the targeted market. Hammerson Plc. Has acquired a competitive edge in the real estate industry constructing 23 major shopping centers, 18 retail parts, 19 premium outlets and having a portfolio value of £ 10 billion. Hammerson Plc. implements effective strategies that ensure a continuous development of operation by the company.
Market analysis requires the management to analyze the external business environment so as to develop an effective strategy. PESTLE analysis makes it possible for the company to access the risks in the external business environment. The external environment is highly dynamic thus keeps on changing causing an impact to the performance of the company. The factors analyzed are political, economic, social, technological, legal and ecological factors (Khan, Alam & Alam, 2015). This increases the business operations of the company due to implementation of strategies considering the external environment affecting the organization. PESTLE analysis is essential for Hammerson Plc. in acquiring a sustainable competitive advantage in the property development market.
These are the impacts of the governing bodies on the performance of Hammerson Plc. which require being evaluated so as to acquire set objectives. The regulation implemented in Europe where Hammerson Plc. operates provides opportunities and challenges to Hammerson Plc. when developing properties in the region. According Miller (2016) Britain exit from EU affected the performance of Hammerson Plc. where the labor rules and trade agreements were changed making it hard for the company to acquire an increased share in all parts of Europe. British exist from the European Union made it hard for Hammerson Plc. to operate in a free market in the region. According to Meyer and Peng (2016) on the other hand the UK has a stable ...
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