The changing face of corporate real estate. (Asset Management): An article from: Journal of Property Management

This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on September 1, 1993. The length of the article is 1661 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Corporate real estate management needs to be re-engineered in view of the intensifying global competition, the growing need for improved productivity and other changes in the business environment. To adapt to the new business order, corporate real estate executives need to turn their attention from technical expertise to strategic skills. According to the Industrial Development Research Foundation's Phase One report on Corporate Real Estate 2000, these property managers need to shift from a real estate orientation to a business focus, from transaction to process, and from control-oriented to service-oriented. They should also make a move from reactive to proactive, from real estate skills to general management capability, from in-house expertise to collaboration, and from big to small. In addition, the report outlined five growth stages that corporate real estate departments go through: taskmaster, controller, dealmaker, intrapreneur and business strategist.

Citation Details
Title: The changing face of corporate real estate. (Asset Management)
Publication:Journal of Property Management (Refereed)
Date: September 1, 1993
Publisher: Institute of Real Estate Management
Volume: v58 Issue: n5 Page: p52(2)

Distributed by Thomson Gale