Teacher: Dr. Syed Haider Ali Shah Presentation: Presentation No. 1 Components of General Environment of Bahria Town Pvt. Ltd
Presented By: M. Umer Toor (01-221211-024)
& Kiran Imtiaz (01-221211-005)
Introduction of Presentation and Selected Organization • It is important for organizations to keep track of the factors in the general environment so that the organization is steered towards achieving success in its goals and objectives since the General Environment of an organization also affects the industry in which the organization is operating. • To explain how the components of General Environment affects industries we will take example of Bahria Town Pvt. Ltd., one of the leading and most prominent Real Estate Development companies in Asia. • However, as Bahria Town does not operate in any other country other than Pakistan, so Global segment can not covered here. Demographic Factors •• Population Population Size: Size: Bahria Bahria Town Town (Pvt.) (Pvt.) Ltd. Ltd. employs employs more more than than 40,000 40,000 number number of of people people inin various various departments. departments. The The basic aim of the workforce is to cater to the complaints and resolve problems of the customers and clientele basic aim of the workforce is to cater to the complaints and resolve problems of the customers and clientele of of Bahria Bahria Town. Town. •• This This is is also also extended extended to to the the third-party third-party businesses businesses that that work work inin aa mutually mutually beneficial beneficial relationship relationship with with Bahria Bahria town town to to promote promote their their service service offerings offerings and and to to the the corporate, corporate, political political and and non-political non-political stakeholders stakeholders working working inin coordination with the brand. coordination with the brand. •• Age Age Structure: Structure: Based Based onon this this portfolio, portfolio, Bahria Bahria Town Town requires requires aa workforce workforce that that exhibits exhibits experience experience inin the the Public Public and and Private Private Sector Sector inin various various industries industries making making thethe age age structure structure ofof the the employees employees working working in in Bahria Bahria Town Town diverse, diverse, ranging ranging from from people people 1818 years years of of age age toto almost almost 60+ 60+ years years of of age. age. •• Geographic Geographic Distribution: Distribution: This This variety variety is is also also evident evident in in the the Geographic Geographic distribution distribution where where Bahria Bahria Town Town hashas employed employed people people from from all all over over the the world world that that bring bring along along with with their their vast vast experience, experience, their their expertise expertise defined defined byby their their former former institutions, institutions, traditions traditions and and culture culture (Employees (Employees from from Uzbekistan, Uzbekistan, Dubai, Dubai, UKUK etc) etc) •• Ethnic Ethnic Mix: Mix: Considering Considering the the geographic geographic distribution, distribution, Bahria Bahria TownTown hashas hired hired people people from from different different ethnic ethnic background, mainly from central Asian ethnicities (Uzbeks, Pashtuns, Chinese, background, mainly from central Asian ethnicities (Uzbeks, Pashtuns, Chinese, Malaysians, Arab Filipinos,Malaysians, Arab Filipinos, Baloch, Baloch, Sindhi, Sindhi, Kashmiri, Kashmiri, Punjabi, Punjabi, Saraiki, Saraiki, Hazara, Hazara, muhajir, muhajir, Urdu Urdu Speaking Speaking Etc) Etc) •• Income Income Distribution: Distribution: The The income income distribution distribution also also exhibits exhibits aa huge huge range range from from PKR PKR 17,500/- 17,500/- (i.e. (i.e. minimum minimum wage wage as as per per EOBI) EOBI) to to PKR PKR 3,000,000/- 3,000,000/- monthly monthly based based on on the the level level of of expertise expertise and and the the job job requirement. requirement. Economic Segment • Bahria Town (Pvt.) Ltd., bearing a prominent name in Real Estate Development industry has presented a mix of luxury and upscale modern projects as a part of its services cape. • The fluctuation in economy, the increase in dollar rate, inflation, income tax rates and the gradual deficit in the personal savings per individual in the country have led Bahria Town to introduce mortgage (BT’s own Bank “Escort Bank”), installments, and property refund options, completely evolving the brand’s once luxurious and elite face. • Following BT’s own Escort Bank, recently Bank Islami also jumped in to provide house leasing. • With new options available for buyers, Bahria Town also introduced economy units (“AWAMI VILLAS” 5 Marla Single Story Units) to increase its customer base and include low-income buyers. Fortifying the use of luxe and modern urbanization, Bahria Town has developed a quite-essential livelihood community prompting its customer base to make proactive investments in Pakistan, which in turn contributes to the economy. Political/Legal Segment • The political landscape of Pakistan has always been constructive and positive towards the Infrastructure Development and Construction community. Based on the socio-ecological pattern, the governments in Pakistan have always been investing capital and allocating budgets towards infrastructure development. • Although Bahria Town did face many setbacks from Courts regarding different land cases. But that all point out to the Govt. policies and rivalries from previous Governments. Nevertheless, Bahria Town did follow judgements of court and is continuously working for development of its projects. • Taxation Laws: (amnesty Scheme) In 2020, the PTI government offered relaxation to the citizens for investing in Property and Real Estate Development sector so that investments in the area lead to economic development. This caused a sudden boom in construction industry as many builders started projects in Bahria Town. Many commercial projects have started since for example : 1) AAA OCTA (PC Hotel) 2) SKY 9 (RAMADA PLAZA) 3) SKY 9 (BEST WESTERN HOTEL) 4)PARADISE MALL and many other malls and apartment buildings in Bahria Town Phase 1-8 only Socio-cultural Segment • Pakistanis generally share housing and believe in nuclear and joint family systems in which parents and multiple children live together. This system of housing affects the choices made while making purchases and therefore, the real estate offers options necessary to accommodate such family systems. Bahria Town has built its service offerings, considering not only the above- mentioned systems but also introducing upscale community facilities in the mix to form the brand as a premium lifestyle destination. • Based on the socio-cultural paradigm mentioned above, Bahria Town (Pvt.) Ltd. has designed its offers around preferences of nuclear family with property area starting from 5 to 7 Marla plots and around preferences of joint families from 10, 20 to 40 Marla plots for house construction. Along with these, Bahria Town (Pvt.) Ltd. offers premium community facilities like schools, hospitals, mosques, community clubs, sports complex, and cinemas that attract Pakistanis to make investments and purchases to enjoy the lifestyle offered. • This prompts business owners to make investments in the commercial properties offered by the Real Estate giant and secure the customer base. This cycle and structure of service offerings is based entirely on the socio-cultural concepts prevalent in the Pakistani community. • Women Workforce: Bahria Town have employed women in variety of job levels from starting level to top tier decision makers. Eg from architects, security officers, Front Desk Officers to Director Sales(Ms. Ayesha), Head Corporate Affairs(Ms. Madiha Arooj), Director Marketing(Ms. Nida Zahoor), Director Transfers(Ms. Adeeba), Head Design Wing Commercial Projects(Ms Zobia), Head Design Wing Residential Projects(Ms. Ambreen) VCE Hospitals(Ms. Shazia) and various other important levels. • Workforce Diversity: As already covered in Demographics Segment, Bahria Town has hired a very diverse workforce ranging from employees from all backgrounds(lower class, middle class and upper class), employees from different ethnicities, different age group, different previous professional backgrounds eg Retired Army personnel's, Civil Engineers, Marketeers, Architects etc. • Concerns about the Environment: See below mentioned video for workforce environment for women. (ref. https://fb.watch/4HRxtlUwE5/) . Also, Bahria Town does provide Education Welfare(about 1 crore per month), Medical Welfare, Dastarkhuwan and NGO School for the needy and deserving which shows huge importance for the environment and Corporate Social Responsibility. • Attitudes about work life quality: Employees feel very good about work life quality and work life balance, as employees get off at sharp 5pm and they have no further disturbance from work at their home, • Shifts in Work and Careers Preferences: Employees feel very motivated to work as they get medical benefits and a plot after 10 years of service. So, there is very low employee turn over rate in Bahria Town as most of the employees are working with Bahria Town since past 10 to 15 years. Technological Segment • Application of Knowledge: Technology has and continues to shape the structure of other industries with innovative, productive and efficient means of doing business, designing processes, and making transactions. The Real Estate sector is not indifferent to this change either. • Bahria Town constantly partners with different stakeholders on technological fronts to design the best offering possible for its customers. Although some offices are operating with a technology- infused model more efficiently than other, the impact of technology to design systems is still small. • Product Innovations: Bahria Town is making effort to host platforms like Bahria Town Citizen’s App, a one-stop solution for resolution of all the problems faced by the people residing in Bahria Town. • New Communication Technologies: Bahria Town also use online portals for complaint management system. Eg. Chairman Complaint Cell , just like current Govt.’s Citizen Portal. It also receives direct complaints forwarded from Govt. Citizen Portal. • Bahria Town also has numerous other online platforms including but not limited not its HR’s Department portal. Global Segments • Not Applicable , as Bahria Town does not offer any product outside Pakistan. • Bahria Town does has many offices in Dubai and UK to facilitate its customers. THANK YOU