Topic: Simon Properties Group – Real Estate and Retail
During Week 1, you researched and identified a specific problem or challenge the organization is experiencing. Describe the challenge and explain why it is a problem for the organization. Include how the problem is or has the potential to affect the strategies of the company. Be specific and support your findings.
Section 2 of the paper must have at a minimum two full pages of content (excluding the cover and reference pages). You must include at a minimum two scholarly resources (in addition to the text) that support specific strategies used to prepare the paper. Wikipedia is not a qualified resource. Use the Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.)document for additional guidance. Include the text as a scholarly resource to support theory and concepts related to strategy. During the construction of Section 2, be specific and refrain from assumption.
The Section 2 of the Capstone Paper
Must be at least two double-spaced pages in length (not including title and references pages) and formatted according to APA Style (Links to an external site.) as outlined in the Writing Center’s APA Formatting for Microsoft Word (Links to an external site.).
Must include a separate title page with the following:
Title of paper
Course name and number
Simon Property Group
Strategic Planning for Organizations MGT450
University of Arizona
14 March 2022
Achieving a high level of financial stability while operating a profitable company is one of the most challenging tasks a business can face. After all, any firm facing cash flow and budgetary challenges will eventually collapse if these issues are not handled as soon as possible. One organization that has been having financial issues recently is Simon Properties Group. The company’s financial woes, which partly has been caused by Covid-19, have damaged the company’s reputation, and the public is slowly losing trust in the company’s capabilities. Additionally, the fear of bankruptcy has adversely affected the company’s long-term creditworthiness. This paper necessitates an analysis of Simon Properties Group, including its leadership, potential competition, and a recent news item posing a challenge to its strategy.
Established in the United States, Simon Property Group is a real estate investment trust specializing in outlet malls, retail malls, and lifestyle complexes. The company was founded in 1982 and currently has its headquarters in Indianapolis, Indiana. The Simon Property Group was founded in Indianapolis by brothers Herbert and Melvin Simon, who started by developing strip malls in the city. The company has locations around Europe, North America, and Asia, where the firm serves thousands of people every day and earns millions of dollars in sales each year. The company’s portfolio includes properties that have gained national and international attention – assets that have proven to be the preferred destination for retailers (Jie & Jianwei, 2021). Simon is also known for its strong financial position, a senior management team that has been in place for many years and is highly regarded, as well as its innovative mindset, which is reflected in the company’s history.
The corporation operates in the real estate business. Real estate has a lengthy history in the United States. The federal government sold and gave the property to private individuals for their own use after the Revolutionary War when it was no longer under the control of England. As the nation grew westward, this practice continued, most notably with the passage of the Homestead Act in 1862, which authorized individual ownership of U.S. property in return for maintaining and developing the area for at least five years (Katzler, 2017). Through the Homestead Act, the United States government granted more than 300 million acres of public land to private landowners, laying the groundwork for the real estate industry, which is currently worth $203.1 billion.
Mission and Vision
The company’s mission is to become the top retail real estate developer, owner, and manager globally.
The company’s vision statement is that it wants to be the unchallenged leader in the business.
Values and purpose
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