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Holt Lunsford Commercial Case Solution
To expand, HLC must focus on high revenue clients. More than 60% of HLC’s revenue is derived from HLC’s top four advisory firm client. Also, HLC should focus institutional clients like pension funds, banks, insurance companies, REITs and third-party logistics companies as these companies are involved in a large number of real estate transactions. As HLC will improve client relationship with these companies, the HLC’s revenue will increase significantly.
Following questions are answered in this case study solution
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Given the nature of the real estate services industries (see case appendix), and the organizational capabilities of Holt Lunsford Commercial, how should Lunsford grow his firm?
Case Analysis for Holt Lunsford Commercial
1. Given the nature of the real estate services industries (see case appendix), and the organizational capabilities of Holt Lunsford Commercial, how should Lunsford grow his firm?
Holt Lunsford Commercial (HLC) is Dallas-based commercial real estate services firm providing services like property management, leasing and development, to owners and tenants of industrial buildings. The firm operates in a highly competitive market and focuses on increasingly institutionalized $50 billion real estate services industry. The industry is both cyclical and seasonal. Holt Lunsford, the owner, wants to expand the firm.
HLC has been able to expand rapidly since 1993 due to the organizational values and organizational chart. The organizational values have retained and increased customers as they emphasize ethical work and customer service. Similarly, the organizational Structure gives each office autonomy in their region. Moreover, hiring well-educated and driven employees and tying employee compensation to their performance has further enhanced the firm’s profitability.
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