OREDSOhio Regional Educational Delivery System
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References in classic literature ?
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These local developers enjoy not only the same preferential treatments as that of OREDs in the SEZs but are also equipped with better guanxi and get a good understanding on guoqing, the competition would become only fiercer in the real estate market in Guangzhou.
Apart from giving incentives to OREDs, the government encourages local enterprises, including state-owned and private local developers, to engage in real estate development.
It would create an opportunity for OREDs to join the development of these projects in form of public- private partnership (Xu and Yeh, 2005).
Recommendations on the development strategies of OREDs
Based on the SWOT analysis, the strategic plans for OREDs in Guangzhou has been formulated in respect to each of the characteristics found in the four dimensions: the strengths, weaknesses, opportunities and threats, which is contained in Table 3 known as the SWOT(S).
Establish localized management team OREDs could employ local consultancies upon entry into the Guangzhou market.
OREDs should also seek opportunities to build up business networks and forge strategic alliances with local partners through vertical/horizontal integration.
OREDs should acquire more land in light of the current financial crisis which has lowered the land price.
Suit market needs--Due to limited understanding of the market, OREDs previously had mainly constructed luxury projects, many of
Hence, in the planning stage, feasibility studies are important and OREDs need to seek help from local consultancy or property agents to understand the consumers' needs and the market dynamics.