Organizational Behavior
Objective of this project is to carry out the organizational behavior of the Emmar Properties. The paper investigates the strategy Emaar Properties employs to implement its organizational behavior to successfully carry out its business operations in Dubai and other countries that the company is operating. Essentially, the management tasks are to effectively use different skills to develop appropriate company structure and leadership to achieve their strategic objectives. This paper investigates Emaar's corporate structure, communication and training styles. Moreover, the paper uses the SWOT analysis to investigate the strengths, weakness, opportunities and threats that Emaar is facing within the business environments. Using the results of the SWOT analysis, the paper provides the recommendations that will assist Emaar to improve its business operations.
Literature Review
The concept organizational behavior focuses on understanding, controlling, and predicting human behaviors within an organizational environment. (Punnett, 2004). Typically, organizational behavior evolves from the classical theory which continues to proliferate in a corporate culture. Efficient running of organization is a difficult task, thus, it is the task of management to effective manage the concept of organizational behaviors to achieve business objectives. (Luthans. & Youssef, 2007).
"Organizational behavior is the field of study that draws on theory, methods, and principles from various disciplines to learn about individual perceptions, values, learning capacities, and actions while working in groups and within the total organization; analyzing the external environment's effect on the organization and its human resources, missions, objectives, and strategies." (Encyclopedia of Small Business, 2007 p 830).
In essence, Emaar uses its quality corporate styles to develop the world's most admired and valuable real estate company. The company focuses on building quality, designs excellence and provides timely delivery. The company competencies are underlined with its expertise employed to operate in Dubai and several other global markets. (Annual Report, 2012).
3: Company Description
Emaar Properties is a global real estate company with the headquarter in the UAE (United Arab Emirates). The company is a public joint-stock company listed as DFM: EMMAR on the Dubai Capital Market. The company operates globally operating as the management services and property development in several countries. Comparatively, the company is one of the largest land real estate developers in the Middle East, and known for its various major mega projects. For example, the company is a developer of Burj Khalifa, which is the tallest building in the world. Established in 1997, 32% of the Emaar total assets are owned by the Dubai government. Moreover, the company has entered into the joint ventures with numerous companies assisting in expanding its operations. The strategy location of the company headquarter add to its strengths since Dubai is one of the best locations for the real estate business. The company also employs loyal workers who have assisted the company to grow.
Since its inception, the company has provided value added to the community using master-planned to develop homes that meets people's life style. (Annual Report, 2012).
The company has also extended its master planned estate development internationally. In essence, Emaar has developed several projects primarily in Dubai that include the 500-acre mega projects. Emaar embraces its leadership position to enhance its reputation in the industry. Using the quality leadership strategy, the company has extended its leadership style to extend all aspects of its operation national and internationally by diversifying its business portfolios to deliver value, and quality style and services. In 2004, the company widens its operations internationally using the joint-venture business strategy to operate in various countries.
4: Vision and Mission
Vision
"To become one of the most valuable companies in the world, Emaar will adopt a strategy of business segmentation to create different business clusters functioning as different growth engines. The growth engines will grow and converge into a single entity known as "The Emaar Group PJSC." (Mehta, 2009 p 3).
Mission
"Our mission is to perform Emaar into a one stop, global solution provider for lifestyle, including homes, work, play, leisure, retail, health, education, finance, industry and more." (Mehta, 2009 p 3).
The company uses its vision and mission to form into a strategy. Emaar buys cheap land at the outskirts of the places it is operating and develops the land using the company standard to assist in selling off the properties very quickly, which has assisted the Emaar to achieve the strong financial records. At the end of the 2013 fiscal year, the company recorded the revenue of more than AED 10.3 Billion, which is more than $2 Billion. In the same financial year, the company recorded net income of more than AED 2.5 billion equivalent of more than $699 million. Over the past 5 years, the company total assets are increasing. A the end of 2013 fiscal year, the company recorded more than AED 64.9 billion, equivalent of $17.7 billion. The company efficient leadership style has assisted Emaar to implement mega projects globally, and...
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