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Strategies adopted by a property development firm to survive in an economic downturn

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dc.contributor.advisor Boon, John
dc.contributor.author Bufton, Scott
dc.date.accessioned 2012-03-06T20:25:45Z
dc.date.available 2012-03-06T20:25:45Z
dc.date.issued 2011 en_NZ
dc.identifier.uri http://hdl.handle.net/10652/1795
dc.description.abstract This research paper addresses the question, ― What strategies can a property development firm adopt to survive in an economic downturn? The methodology used to answer the question was firstly researching the New Zealand economy over the economic downturn and more specifically the Auckland property market, and then interviewing a property development company to form a case study on the strategies they had in place and new strategies adopted to survive the recession. This research topic is being looked at due to the large number of property development companies that went under in the recent economic downturn, so here we have identified strategies adopted by a company that managed effectively throughout the recession. The literature and research found that companies’ strategies entering into a recession are as important as the strategies used to survive. The company researched entered the recession with clear strategies, management lines and risk management techniques in place so was positioned well when the recession occurred. The key findings of this research paper identified the following strategies used to survive the economic downturn were: • Reduction of operation costs • Keeping funding lines in place • Reducing debt exposure • Setting clear strategic goals • Shorter time frame developments • Specialising in preferred market • Growing other parts of the business to increase cash flow • Keeping risk strategies in place o Tenant risk – pre-commitment required o Construction costs – fixed lump sum price o End value – good market understanding en_NZ
dc.language.iso en en_NZ
dc.subject Property development en_NZ
dc.subject Auckland property market en_NZ
dc.subject Economic recession en_NZ
dc.subject Business strategy en_NZ
dc.title Strategies adopted by a property development firm to survive in an economic downturn en_NZ
dc.type Undergraduate Research Report en_NZ
thesis.degree.name Bachelor of Construction en_NZ
thesis.degree.grantor Unitec Institute of Technology en_NZ
dc.subject.marsden 150311 Organisational Behaviour en_NZ
unitec.pages 77 en_NZ
dc.contributor.affiliation Unitec Institute of Technology en_NZ


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