Abstract or Introduction
The goal of the research is to look into the effect of Organizational strategic management methods and practices on the performance of Real Estate companies in Nigeria. Real estate organizations are currently in need of strong strategic management methods as well as a defined company direction.
This research enlisted the participation of different people from different Real Estate Organizations that cuts across the 6 Geopolitical zones of Nigeria and I was able gathered important information about strategic management in real estate organizations using a quantitative methodology after which the data gathered were duly analysed.
Real estate demand has increased and evolved dramatically in recent years in Nigeria, with Lagos and Abuja at the forefront, and many investors believe that real estate investment will continue to be a major source of competitive advantage with good Return on Investment (ROI) over other forms of investments and sectors of the economy.
In Nigeria, real estate is regarded as one of the most important and rapidly developing assets and means of investment security with the Nigeria Real Estate market/ sector being adjudged one of the most viable and investors interests in Africa, it plays a major role in the GDP of the country. Likewise, the real estate industry helps in creating employment, lessening poverty, and providing shelter to families and promoting distribution of income in to the economy.
This industry, like any other industry is constantly evolving and the drivers for this sector range from the profitability to the changing face of building space complimented by the uncertainties encircling the sector. Despite this, the Nigeria real estate sector continues to lag in fulfilling its fundamental roles due to various factors affecting the sector, which includes, Government policies, Foreign Exchange accessibility, the lack of clear strategy, plan and implementation and right leadership skills to help in growth of the industry among others.
- Quote paper
- PhD Abiola Awonusi (Author), 2022, Strategic Management Practices. Impact on Organizational Performance of Real Estate Businesses in Nigeria, Munich, GRIN Verlag, https://www.grin.com/document/1254931