International Journal of Strategic Property Management最新文献

{"title":"DOES HIGH-END HOUSING ALWAYS HAVE A PREMIUM LUXURY VALUE? A THEORETICAL AND NUMERICAL STUDY","authors":"Chih-Hsing Hung, Ming-Chi Chen, Shyh-Weir Tzang, Chung-Chieh Cheng","doi":"10.3846/ijspm.2023.20257","DOIUrl":"https://doi.org/10.3846/ijspm.2023.20257","url":null,"abstract":"Using the real options approach, we try to evaluate the luxury value inherent in high-end housing and estimate its premium returns based on the simulation of the model. The key finding of the paper is that the luxury premium from the value of the high-end housing can be identified by the real options model, which is rarely documented in the literature. In addition, the luxury value per unit size of high-end housing can be imputed through the model simulation. Based on the results, we find that the changes of the estimated value per unit size can explain the dynamic housing market behaviour in the recessions and expansions over the business cycle. The luxury value will even become negative during the recession period. In summary, the luxury premiums of high-end housing are higher than those of general housing, but not all highend housing has positive luxury premiums. If sellers and/or builders of high-end housing cannot meet the conditions that maximize the utility of high-end housing buyers, negative returns will accrue from selling high-end housing.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136346481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Strategies of Multinational Corporations in Emerging Markets in Indonesia","authors":"Ananda Nurul","doi":"10.47604/ijsm.2190","DOIUrl":"https://doi.org/10.47604/ijsm.2190","url":null,"abstract":"Purpose: The aim of the study was to examine the strategies of multinational corporations in emerging markets in Indonesia
 Methodology: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library
 Findings: Multinational corporations (MNCs) in Indonesia's emerging markets exhibit a preference for collaborative entry strategies, emphasizing joint ventures and strategic alliances. These approaches enable MNCs to harness local expertise and navigate the complexities of the Indonesian market effectively. Government policies play a pivotal role in shaping MNC strategies, with favorable policies attracting greater foreign investment and expansion. Industry-specific competitive strategies, including price competition, technology differentiation, and product innovation, are tailored to meet local market demands. Additionally, MNCs actively engage with the
 Unique Contribution to Theory, Practice and Policy: Eclectic paradigm (OLI Framework), Resource-based view (RBV) & Institutional theory may be used to anchor future studies on the examining the strategies of multinational corporations in emerging markets in Indonesia. Encourages MNCs to build meaningful partnerships, leveraging local expertise and networks, which can be crucial for navigating complex regulatory environments and market dynamics. Engaging in policy advocacy represents a proactive approach by MNCs to shape the regulatory landscape in their favor while contributing to the host country's economic development.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135043175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Risk Management Practices and Performance of Real Estate Construction Projects in Nakuru County, Kenya","authors":"","doi":"10.53819/81018102t5284","DOIUrl":"https://doi.org/10.53819/81018102t5284","url":null,"abstract":"Real estate development performance in Nakuru County continuously deteriorates, as evidenced by rising vacancy rates in outdated office buildings, restrained consumer spending due to the difficult economic climate, and competition from unofficial retail spaces in some submarkets. The study aimed at finding out how risk management practices influence the performance of real estate construction projects in Nakuru County. The research determined how technical risk management practices, financial risk management practices, market risk management practices and operational risk management practices affect the performance of real estate construction projects in Nakuru County. This research used a mixed-method study design with a population target of 45 ongoing and 25 completed real estate projects in Nakuru County. Using stratified simple sampling technique, a sample size of 25 ongoing and 15 completed real estate projects were selected. The study was affixed on strategic planning theory, Decision theory and risk/uncertainty bearing theory. The researcher used questionnaires to obtain data and suggestions from the respondentsA pilot study to assess the research instruments' accuracy and dependability was conducted in Nairobi County. The research utilized Cronbach's alpha to calculate the reliability coefficient of the questionnaires. Cronbach value greater than 0.7 was considered reliable. The gathered data was cleaned, coded, and accuracy checked for ease of analysis, and then subjected to descriptive analysis involving the calculation of mean, frequency distribution, and standard deviation. Using Pearson correlation analysis, the relationship between the dependent and independent variables was evaluated. Regression analysis was done using the analysis of variance technique (ANOVA). The study found that technical, operational, market, and financial risk management practices each had positive and substantial impacts, indicated by regression coefficients of 0.451, 0.313, 0.531, and 0.273, respectively. Further, the study established that these practices are crucial in managing various risks effectively, demonstrating their significant role in overall risk management strategies. . Constructed from the study findings, this study recommends that the Kenyan government should review all of the approvals that real estate developers need, formulate policies that regulate the construction sector by ensuring that real estate developers demonstrate their creditworthiness on their expected investments before granting any licenses. In addition, real estate developers should be encouraged to take advantage of staff empowerment through professional bodies that equips managers through risk management courses. Lastly, future studies conducted should concentrate on other risk variables not included in this study including legal and environmental risk management practices. Keywords:  Risk Assessment, Project Performance, Construction Management, Real Estate Developme","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135043023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of Competitive Strategies on Market Entry and Growth in Emerging Economies in Japan","authors":"Aiko Akemo","doi":"10.47604/ijsm.2184","DOIUrl":"https://doi.org/10.47604/ijsm.2184","url":null,"abstract":"Purpose: The study sought to analyze the impact of competitive strategies on market entry and growth in emerging economies in Japan
 Materials and Methods: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library
 Findings: the study on competitive strategies in emerging economies in Japan revealed that cost leadership strategies facilitated successful market entry, while differentiation strategies promoted long-term growth. Strategic alliances with local firms were crucial for overcoming barriers, and early entry provided a competitive edge. Adapting strategies to Japan's unique cultural and regulatory context was deemed essential for success in emerging markets.
 Unique Contribution to Theory, Practice and Policy: The study recommends fosters a win-win scenario where foreign firms can thrive, and the host economy benefits from increased investments and job opportunities. Developing local talent and transferring knowledge to the local workforce is crucial for long-term growth. Both firms and governments should invest in skill development programs and knowledge transfer initiatives. Firms should prioritize hiring and training local talent, while governments can incentivize such efforts through grants and tax incentives. This practice-policy collaboration ensures that emerging economies can benefit not only from the capital but also from the knowledge and expertise brought by foreign firms.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135141132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of Digital Transformation on Strategic Change Processes in China","authors":"Chen Huang","doi":"10.47604/ijsm.2187","DOIUrl":"https://doi.org/10.47604/ijsm.2187","url":null,"abstract":"Purpose: The aim of the study was to investigate the impact of digital transformation on strategic change processes in china.
 Methodology: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library
 Findings: The impact of digital transformation on strategic change processes in China has yielded several key findings. First, digital technologies have significantly accelerated the pace of strategic change, enabling companies to adapt swiftly to market dynamics. Second, digital tools have facilitated data-driven decision-making, enhancing the precision and effectiveness of strategic planning. Finally, successful strategic change in China increasingly hinges on digital capabilities, emphasizing the necessity for organizations to prioritize digital transformation as a core component of their strategic agenda.
 Unique Contribution to Theory, Practice and Policy: Resource-Based View (RBV) Theory, Institutional Theory & Innovation Diffusion Theory may be used to anchor future studies on impact of digital transformation on strategic change processes in china. Companies in China should invest in developing digital talent internally Policymakers in China should continually adapt regulations to accommodate the dynamic nature of digital transformation.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135142025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Role of Innovation Management Practices in Enhancing Firm Agility and Adaptability during Times of Crisis in Turkey","authors":"Aydin Azra","doi":"10.47604/ijsm.2185","DOIUrl":"https://doi.org/10.47604/ijsm.2185","url":null,"abstract":"Purpose: The study sought to investigate the role of innovation management practices in enhancing firm agility and adaptability during times of crisis in Turkey.
 Materials and Methods: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library
 Findings: The study found that Turkish firms embracing innovation management practices exhibited enhanced agility and adaptability during crises. These practices included nurturing an innovative culture, investing in research and development, and embracing digital solutions. Leadership commitment and external collaborations were identified as crucial enablers. Additionally, the research underscored the importance of tailoring strategies to Turkey's specific context to effectively bolster firm resilience during challenging times.
 Unique Contribution to Theory, Practice and Policy: The study recommends Turkish firms should formulate agile innovation strategies that emphasize flexibility and rapid response to changing market conditions. This involves regularly assessing customer needs, market trends, and emerging technologies. By continuously adapting their innovation strategies, firms can remain responsive and agile during crises. This recommendation contributes to theory by emphasizing the integration of agility principles into innovation management frameworks, highlighting the need for dynamic and iterative approaches. Encourage cross-functional collaboration within organizations to facilitate innovation.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135141273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Role of Risk Assessment and Mitigation in Strategic Planning in Nigeria","authors":"Samuel Olumide","doi":"10.47604/ijsm.2186","DOIUrl":"https://doi.org/10.47604/ijsm.2186","url":null,"abstract":"Purpose: The aim of the study was to investigate the role of risk assessment and mitigation in strategic planning in Nigeria.
 Methodology: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library
 Findings: The study on risk assessment and mitigation in Nigerian strategic planning reveals a recognition-action gap in organizations. Despite understanding the importance of risk management, many lack a structured approach to address threats. Common risks include political instability, security concerns, corruption, regulatory changes, and economic volatility. To improve decision-making and stakeholder value, the study recommends a more integrated and systematic approach to risk management within Nigerian organizations.
 Unique Contribution to Theory, Practice and Policy: Game Theory, Resource-Based View (RBV) Theory & Institutional Theory may be used to anchor future studies on the role of risk assessment and mitigation in strategic planning in Nigeria. Nigerian strategic planning should create context-specific risk maps that outline the geographical distribution of risks and vulnerabilities within the country. Nigerian policies should prioritize investments in building resilience to identified risks.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135142154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Strategic Management Practices and Performance of Non Profit Organizations: A Case of Food for Hungry in Rwanda Nyagatare District","authors":"","doi":"10.53819/81018102t2266","DOIUrl":"https://doi.org/10.53819/81018102t2266","url":null,"abstract":"The general objective of the study was to assess strategic management practices and&nbsp; performance of nonprofit organizations in Rwanda and the specific objective of the study was to determine the effect of strategic formulation on performance of nonprofit organizations in Nyagatare district&nbsp; Rwanda, to analyze the effect of strategic implementation on performance of nonprofit organizations in Nyagatare district, Rwanda, to assess&nbsp; effect of&nbsp; strategic control on performance of non-profit&nbsp; organization in Nyagatare District Rwanda. In this study, three theories are used such as Modern Portfolio Theory and Resource Based Theory which have the implication on the current study. To achieve research objectives, the used a descriptive research designs with two mixed methods such as quantitative and qualitative. In this study 75 respondents was selected from the target population of 140 beneficiaries and staffs of FH using the simple random and census method of selecting the sample size. Therefore, simple random sampling technique to select the categories of respondents is used and data collected using questionnaire, interview and documentation. Data collected first be edited, coded and put into tables where analysis are done using SPSS version 21.Thus the strengths of association determined based on regression-values <0.05, mean and standard deviation. Therefore, the overall mean and standard deviation was 1.556 and 0.955 respectively which emphasizes the positive effects of project risks analysis on sustainability of manufacturing industry project in Rwanda. As indicated, the study findings showed that risks monitoring and control has led to the sustainability of manufacturing&nbsp;&nbsp; industry in Rwanda as indicated by the overall mean of 1.485 and standard deviation of 0.813. Effect of strategic management practice on performance of nonprofit organization in Rwanda has been successfully achieved as indicated by the overall mean of 1.485 and standard deviation of 0.813. In this study, R is the correlation coefficient and shows the relationship between the study variables. Therefore, the study findings revealed that there was a strong positive relationship between the study variables as shown by .884. Keywords: Strategic Management Practices, Performance of Non Profit Organizations, Food for Hungry, Nyagatare District, Rwanda","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135192712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Examining the Relationship between Corporate Social Responsibility Practices and Firm Reputation in the Financial Services Sector in Brazil","authors":"Leandro Miguel","doi":"10.47604/ijsm.2183","DOIUrl":"https://doi.org/10.47604/ijsm.2183","url":null,"abstract":"Purpose: The aim of the study was to Examine the Relationship between Corporate Social Responsibility Practices and Firm Reputation in the Financial Services Sector in Brazil&#x0D; Methodology: The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library&#x0D; Findings: The study examining the relationship between Corporate Social Responsibility (CSR) practices and firm reputation in the financial services sector in Brazil found a strong positive correlation between the two variables. Financial firms that actively engaged in CSR initiatives were observed to have significantly enhanced their reputation among stakeholders, including customers, investors, and the public. This positive reputation was attributed to the perception of ethical and socially responsible behavior, ultimately leading to increased trust and loyalty from clients and improved financial performance for the firms involved in CSR activities.&#x0D; Unique Contribution to Theory, Practice and Policy: The stakeholder theory, legitimacy theory and legitimacy theory may be used to anchor future studies on the examining the relationship between corporate social responsibility practices and firm reputation in the financial services sector in Brazil. Regular, detailed, and standardized reporting on CSR initiatives can improve stakeholder trust and help investors make informed decisions. Collaborate with regulators and industry associations to establish a comprehensive regulatory framework for CSR practices in the financial services sector.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135240893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Strategic Management Practices and Performance of Non-Profit Organizations; A Case of Care International Rwanda","authors":"","doi":"10.53819/81018102t5279","DOIUrl":"https://doi.org/10.53819/81018102t5279","url":null,"abstract":"The general objective of the study is to examine the influence of strategic management practices and performance of Non-Profit Organizations with a case study of Care International Rwanda. The study objectives were: To investigate the effect of strategic formulation on the performance of Care International Rwanda, to establish the influence of strategic implementation on the performance Care International Rwanda, to assess the influence of strategic evaluation and control on the performance of Care International Rwanda. The study used descriptive research design while population and sample size were 83 meanwhile census sampling technique was applied. In data collection, questionnaires will be used to collect primary data and presentation was used through tables. Data was analyzed using SPSS software to generate the needed statistics. The study performed pilot study to determine validity and reliability of data collection instrument. The findings showed that strategic formulation is correlated with performance of non-profit organization at the level of 81.6%; Further, strategic implementation correlated with performance of non-profit organization at strong positive correlation of .842. The results affirmed that there is positive correlation between strategic evaluation, control and performance of non-profit organization at 0.795. The study concluded that strategic formulation, strategic implementation, strategic evaluation and control contribute significantly to the performance of Care International Rwanda. In recommendation, research recommended that management needs to put more effort in implementation the formulated strategies to be sure that objectivities, mission and vision will be achieved as the they planned. Further, Effective utilization of resources in suitable manner contributes to the performance of non-profit organization. Keywords: strategic management, non-profit organizations, strategic evaluation, strategy formulation.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135342679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}