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研究生: 陳碧萱
Cindy Citrasari
論文名稱: An Overview of Summarecon and Its Strategy from Establishment to Present in the Indonesian Real Estate Industry
An Overview of Summarecon and Its Strategy from Establishment to Present in the Indonesian Real Estate Industry
指導教授: 徐中琦
Jonchi Shyu
口試委員: 郭啟賢
Chii-Shyan Kuo
劉邦典
Pang-Tien Liu
學位類別: 碩士
Master
系所名稱: 管理學院 - 企業管理系
Department of Business Administration
論文出版年: 2019
畢業學年度: 108
語文別: 英文
論文頁數: 92
中文關鍵詞: Real Estate IndustryYoung PopulationCore CompetenceProfessional InterviewSWOTStrategy
外文關鍵詞: Real Estate Industry, Young Population, Core Competence, Professional Interview, SWOT, Strategy
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The real estate industry is one of the most important sectors in one country, for the sector can be used as an indicator to analyze the health of the country’s economy. Hence, the young population in Indonesia is clearly became the key of the sector since the growth of population is directly proportional with the property needs. The development of property that has increased significantly indicates the start of significant economic improvement towards a better future. Summarecon Tbk is one of the old-player in Indonesia property industry. The objective of this research is to study and analyze Summarecon. Tbk, a medium-sized player in Indonesian market property’s core competencies in which makes them to have the ability to implement strategic thinking to survive and obtained its own market share among the larger players from the current competition with various external drivers, such as politics, economics, social population and technology, since the direction of a company's strategy must be dynamic to keep up with developments. Beside company annual report, the primary data used in this case study also sourced from professional interview and survey, to obtain expert views on the Indonesian real estate market in both general and more specific view and to be able to provide a future plans recommendation.


The real estate industry is one of the most important sectors in one country, for the sector can be used as an indicator to analyze the health of the country’s economy. Hence, the young population in Indonesia is clearly became the key of the sector since the growth of population is directly proportional with the property needs. The development of property that has increased significantly indicates the start of significant economic improvement towards a better future. Summarecon Tbk is one of the old-player in Indonesia property industry. The objective of this research is to study and analyze Summarecon. Tbk, a medium-sized player in Indonesian market property’s core competencies in which makes them to have the ability to implement strategic thinking to survive and obtained its own market share among the larger players from the current competition with various external drivers, such as politics, economics, social population and technology, since the direction of a company's strategy must be dynamic to keep up with developments. Beside company annual report, the primary data used in this case study also sourced from professional interview and survey, to obtain expert views on the Indonesian real estate market in both general and more specific view and to be able to provide a future plans recommendation.

ABSTRACT 1 ACKNOWLEDGEMENT 2 TABLE OF CONTENTS 3 LIST OF TABLE 6 LIST OF PICTURE 7 1. INTRODUCTION 8 1.1 Research Motivation and Background 8 1.2 Research Objectives 9 1.3 Research Content 9 1.4 Problem Statement 10 2. LITERATURE REVIEW 11 2.1 Business Strategy Definition 11 2.2 Real Estate Definition 12 2.3 Strategy in Indonesia Real Estate 12 2.4 Population of Indonesia 13 2.5 Human Resources Perspective: Maslow’s Hierarchy of Needs 14 2.6 Core Competence Theory 15 2.7 SWOT Analysis 16 3. RESEARCH METHODOLOGY 17 3.1 Research Design 17 3.2 Data Collection 18 3.2.1 Primary Data 18 3.2.2 Secondary Data 22 3.3 Data Analysis 22 4. INDUSTRY ANALYSIS 23 4.1 Real Estate Industry 23 4.2 Indonesia Real Estate Sector Potential Drivers 24 1. Political Factor 24 2. Economic Factor 25 2.1 Macro Economics Perspective in Property Industry 26 3. Social Factor 27 3.1 Age Structure 28 3.2 Engaged Young Population 29 3.3 The Rise of Indonesian Millennials 30 3.4 The Rise of Indonesian Middle Class 31 4. Technology Factor 32 5. Government Policy 33 5.1 Indonesia Capital City Relocation Issue 34 5.2 Indonesia Capital City Relocation Issue: Property Sector Perspective 34 6. Landbank (Land Availability) 35 7. Past-Current Industry Situation 35 5. COMPANY TAXONOMY 37 5.1 Summarecon (SMRA) Overview 37 5.2 Company Business Profile 37 5.3 Awards and Recognitions 39 5.4 Organization Structure and Job Description 40 5.5 Vision and Mission 41 5.6 Revenue by Product Comparison (Summarecon Position) 42 6. CASE STUDY ANALYSIS AND FUTURE PLANS 48 6.1 Interviewee 1: Ir. Leonard Tambunan, MCM, IAI, MPM 48 6.2 Interviewee 2: Ir.Yolanda Wulur, MUDD, IAI 51 6.3 Interviewee 3: Ms. Namira Larasati, S.T, IAI 54 6.4 SMRA Past - Current Strategy 57 6.4.1 Building Community 58 6.4.2 The Segmentation, Targeting and Positioning Base 63 6.5 SWOT Analysis for Summarecon 68 6.6. Costumer Preference Results of Data 70 6.6.1 Expert Perspective 71 6.7 Core Competencies Agenda 73 6.7.1 Fill in the blanks 74 6.7.2 White Spaces (Commercial Focus) 75 6.7.3 Premier Plus 10 (Residential Focus) 79 6.7.4 Mega-Opportunities (Commercial Focus) 80 7. CONCLUSION AND RECOMMENDATION 82 7.1 Conclusion 82 7.2 Recommendation 84 7.3 Limitation and Further Research Direction 86 7.4 Research Contribution 86 REFERENCE 87

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