Is corporate real estate at a crossroads?

2014 ◽  
Vol 16 (4) ◽  
pp. 275-289 ◽  
Author(s):  
Rob Harris ◽  
Howard Cooke
Keyword(s):  
Real Estate ◽  
Design Methodology ◽  
Business World ◽  
Workplace Environment ◽  
Content Type ◽  
Corporate Real Estate ◽  
The Uk ◽  
New Research ◽  
The Way

Purpose – The purpose of this article is to provide an overview of the way that corporate real estate (CRE) has developed in the UK since the early 1990s. Design/methodology/approach – Review of how various professional bodies, occupiers and landlords have responded to the changing business and workplace environment. Findings – CRE managers and the professional bodies that represent them are at a crossroads. Whilst the business world has evolved since 1990, the CRE sector has not and faces the prospect becoming purely a technical rather than a strategic subject. Originality/value – A review of what has happened and not new research.

Training for democratic therapeutic community practitioners, and workers in therapeutic and enabling environments

2018 ◽  
Vol 39 (2) ◽  
pp. 93-97 ◽  
Author(s):  
Steve Pearce ◽  
Oliver Dale
Keyword(s):  
Design Methodology ◽  
Therapeutic Community ◽  
Negative Impact ◽  
Evidence Base ◽  
General Increase ◽  
Content Type ◽  
Therapeutic Environment ◽  
History Of ◽  
The Uk ◽  
The Way

Purpose Training in therapeutic community and related approaches has not been widely available, and there is debate about the form this should take. This has had a negative impact on the field. The paper aims to discuss this issue. Design/methodology/approach The authors consider the history of training in democratic therapeutic community methods in the UK in particular, and trace some of the reasons for its lack of development. Findings With the expansion of TC methodology into new areas, such as therapeutic and enabling environments, the ability to provide training in DTC approaches and techniques is increasingly important. The developing evidence base, and the increasing detail in which the method has been described, make dedicated TC training increasingly important. Originality/value Training in therapeutic community methods, and enabling and therapeutic environment approaches, provides a grounding in technique and theory that would otherwise be impossible to acquire for most workers, and can lead to a general increase in the level of competence and confidence in the way these environments operate.

Understanding organizational culture through the lens of corporate real estate strategies

2019 ◽  
Vol 35 (2) ◽  
pp. 19-21
Keyword(s):  
Organizational Culture ◽  
Real Estate ◽  
Design Methodology ◽  
Reading Time ◽  
Content Type ◽  
Corporate Real Estate ◽  
Pertinent Information ◽  
Real Estate Management ◽  
Corporate Real Estate Management ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings This research paper concentrates on ways in which corporate real estate management and organizational culture inter-relate. Clan and adhocracy organizational culture companies prioritize investing in the employee’s experience of the workplace, as opposed to market and hierarchy organizational culture enterprises that maintain a stable procedural focus on reducing real estate costs. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Learning and practicing police craft

2016 ◽  
Vol 5 (3) ◽  
pp. 276-286 ◽  
Author(s):  
Mike Rowe ◽  
Elizabeth Turner ◽  
Geoff Pearson
Keyword(s):  
Design Methodology ◽  
Content Type ◽  
The Core ◽  
Policy Debates ◽  
Changing Patterns ◽  
Craft Skills ◽  
The Uk ◽  
Degree Level ◽  
The Way

Purpose The authors consider current policy debates in the UK about the professionalisation of the police to respond to changing patterns of crime and, specifically, the suggestion that officers be educated to degree level. Drawing on the ethnographic evidence, the purpose of this paper is to focus attention on how officers learn, and continue to develop the applied, that is the craft aspects of the work of uniformed constables. Design/methodology/approach The authors draw on a long-term ethnographic project observing officers during the course of their duties. The focus is on the use of discretion and of particular powers. But in the course of the research, the authors also observe the way officers behave and the way they talk about their job. Findings The authors suggest that, while there may be a role for degree qualifications, attention needs to be paid to the practices the authors observe, practices that have long been the core craft skills of uniformed officers. Originality/value The authors suggest that, despite the emergence of cybercrime and other new forms of crime/threat, the evidence suggests that much has not. Not least, crime is not the only focus of police work.

The pricing of corporate real estate holdings on the UK capital market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Julian Seger ◽  
Kristina Stoner ◽  
Andreas Pfnuer
Keyword(s):  
Real Estate ◽  
Capital Market ◽  
Service Industries ◽  
Content Type ◽  
Balance Sheets ◽  
Corporate Real Estate ◽  
The Uk ◽  
Real Estate Assets ◽  
Estate Ownership ◽  
The Capital Market

Purpose The purpose of this study is to find out if corporate real estate ownership is priced into the capital market performance of non-property companies in the UK. This is of particular interest because ownership still represents a significant weight on the balance sheets and is predominantly considered unfavourable due to its bulkiness and difficult revisability in the event of changes in space demand. This draws attention to the UK as one of the most important European economies that have been exposed to strong uncertainties and dynamics, for example, due to the withdrawal voting of the United Kingdom from the European Union (BREXIT). Design/methodology/approach A first look at the real estate assets reported in balance sheets provides insight into possible changes in ownership strategy. This serves as a basis for subdividing companies based on their real estate assets using a portfolio-based approach and that are then analysed using the Fama and French multi-factor model with regard to their influence on capital market returns. Findings In general, the share of real estate assets has fallen over the past 10 years, although coinciding with BREXIT voting, some industries such as manufacturing show a turnaround. At the same time, ownership is priced in as a factor on the capital market, which applies to a sample across industries, as well as to separately considered sectors in the manufacturing and service industries. The pricing also shows a counter-cyclical pattern. Practical implications Corporate real estate management should be aware of the negative influence of ownership, especially against the background of economic fluctuations. The reduction of ownership can reduce the associated cost of capital and increase company success. Originality/value Previous UK-related studies mostly refer to a period before the global economic crisis in 2008, and therefore, are too old to reflect a changed view on corporate real estate ownership because of new corporate environmental conditions, based on inaccurate proxies or mainly refer to the retail segment. This research gap is closed.

scholarly journals Directors’ pay regulation: “one goal two approaches”

2016 ◽  
Vol 58 (3) ◽  
pp. 337-352 ◽  
Author(s):  
Ernestine Ndzi
Keyword(s):  
Corporate Governance ◽  
Design Methodology ◽  
Content Type ◽  
Setting Process ◽  
Corporate Governance Codes ◽  
Management Responsibility ◽  
The Uk ◽  
The Way

Purpose This paper aims to examine the two different approaches adopted in the UK to regulate directors’ remuneration. The paper also aims to explore the two approaches to understand which one better regulates directors’ pay and why. It provides an account of the two approaches’ evolution, effectiveness and challenges towards the regulation of directors’ remuneration. The paper will also make some recommendations on both approaches and the way forward to better regulate directors’ remuneration. Design/methodology/approach The paper reviews various corporate governance codes, its recommendations on directors’ remuneration, its effectiveness and the challenges it face in regulating directors’ remuneration. The paper also reviews provisions of the Companies Act 2006 on directors’ remuneration, its effectiveness and challenges faced. Findings The paper finds that corporate governance adopts a better approach to regulating directors’ pay than the Companies Act 2006 because it targets the pay setting process. However, the existence of grey areas and lack of enforcement procedure poses a challenge on its effectiveness. The Companies Act 2006 is unable to regulate directors’ pay adequately because it adopts a corrective approach and it considers directors’ remuneration as a management responsibility. Originality/value The paper offers an up-to-date assessment of the two approaches to regulating directors’ pay in the UK. It highlights the challenges faced by both approaches and which approach could regulate directors pay better and its challenges. The paper further makes recommendations on how the regulation of directors’ remuneration can be effective in the UK.

Entropy – what kind of bet is real estate – really?

2017 ◽  
Vol 35 (3) ◽  
pp. 341-351
Author(s):  
Roger J. Brown
Keyword(s):  
Data Collection ◽  
Real Estate ◽  
Information Entropy ◽  
Design Methodology ◽  
Content Type ◽  
Real Estate Research ◽  
Practical Implications ◽  
The Way

Purpose The purpose of this paper is to describe the way real estate data collection and dissemination can be improved. Design/methodology/approach The paper investigates that how information entropy fits into real estate research and data using Kelly betting as a framework. Findings Availability of real estate data is constrained by a host of impediments, paywalls and other archaic practices that limit the way it can be used to make worthwhile progress in the field. Practical implications Real-estate data will become available. Those who try to keep data close and restrict their common use will become irrelevant. Originality/value Entropy indicates uncertainty and chaos. Using this highly developed and respected area of science as context one can see how real estate research suffers from its present mindset.

Reform of UK copyright law and its benefits for libraries

2015 ◽  
Vol 43 (1) ◽  
pp. 14-17 ◽  
Author(s):  
Graham Peter Cornish
Keyword(s):  
Design Methodology ◽  
Copyright Law ◽  
Social Implications ◽  
Interlibrary Loan ◽  
Content Type ◽  
Document Delivery ◽  
Management Procedures ◽  
The Uk ◽  
New Research ◽  
Practical Implications

Purpose – The purpose of this paper is to provide an overview of copyright law changes in the UK, especially as they affect interlibrary loan. Design/methodology/approach – Analysis of new legislation were tested against interlibrary needs. Findings – The new laws bring major benefits to libraries and their users by expanding the types of material available and simplifying the management procedures required for document delivery. Practical implications – Libraries and other institutions can now offer a much wider range of services. Social implications – There are considerable benefits to individual users, including those with disabilities, as access is granted to a wider range of materials. Originality/value – New research and analysis relating to laws passed in October 2014.

Improving decision making in CRE alignment, by using a preference-based accommodation strategy design approach

2017 ◽  
Vol 19 (4) ◽  
pp. 239-264 ◽  
Author(s):  
Monique Arkesteijn ◽  
Ruud Binnekamp ◽  
Hans De Jonge
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Design Methodology ◽  
Design Method ◽  
Design Procedure ◽  
Black Box ◽  
Added Value ◽  
Content Type ◽  
Corporate Real Estate ◽  
Strategy Design

Purpose One of the long-standing issues in the field of corporate real estate management is the alignment of an organisation’s real estate to its corporate strategy. To date, 14 models for corporate real estate (CRE) alignment have been made, as well as four comparative studies about CRE alignment. Some of the CRE alignment models indicate that they strive for maximum or optimum added value. However, because most models take a so-called procedural rationality approach, where the focus is not on the content of the decision but on the way that the decision is made, “how a CRE manager can select an (optimum) alternative” stays a black box. The purpose of this paper is to open the black box and offer a Preference-based Accommodation Strategy (PAS) design procedure that enables CRE managers to design a real estate portfolio, makes use of scales for direct measurement of added value/preference, and allows the aggregation of individual ratings into an overall performance rating. This procedure can be used as add-on to existing alignment models. Design/methodology/approach The objective of this paper is to test if participants are able to successfully perform the PAS procedure in practice. The PAS procedure is in essence a design methodology that aims to solve strategic portfolio design/decision-making problems. In accordance with problem-solving methodology, mathematical models are made for two pilot studies at the Delft University of Technology. This paper describes a second test of the proposed procedure for designing a real estate strategy. The application of real estate strategy design methods in practice is very context-dependent. Applying the PAS procedure to multiple context-dependent cases yields more valuable results than just applying it to one case. Findings The PAS design procedure enables CRE managers to select the (optimal) solution and thereby enhances CRE decision-making. The pilot study results reveal that, by completing the steps in the PAS procedure, the participants are able to express their preferences accordingly. They designed an alternative portfolio with substantially more added value, i.e. a higher overall preference score, than their current real estate portfolio. In addition, they evaluated the design method positively. Research limitations/implications The positive results suggest that designing a strategy by using the PAS design procedure is a suitable approach to alignment. Practical implications The PAS design procedure enables CRE managers to determine the added value of a real estate strategy and quickly and iteratively design many alternatives. Moreover, the PAS design method is generic, it can be used for a wide range of real estate portfolio types. Originality/value The PAS procedure is original because it considers CRE alignment as a combined design and decision problem. The use of operational design and problem-solving methodologies along with an iterative procedure, instead of empirical/statistical methods and procedures, is a novel approach to CRE alignment. The PAS procedure is tested in a second pilot study to provide an assessment of the methodology through the study by testing it under different conditions to the first study. The novelty of this pilot is also that it allowed testing the procedure in its purest form, as the problem structure did not require the additional use of linear programming.

scholarly journals Culture and entrepreneurship

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
Cutting Edge ◽  
Content Type ◽  
Pertinent Information ◽  
The Uk ◽  
Practical Implications ◽  
Complex Question ◽  
The Way

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds his/her own impartial comments and places the articles in context. Findings In the UK, there is somewhat of an in-joke when people are asked about the culture of a firm. This often difficult and complex question can be met in that country with a wry smile and the refrain, “it’s the way things are done around here.” The joke is that defining a culture is both highly problematic and extremely easy. The message is: just stay around here for a while, and you will soon learn what the culture is like. Practical implications This paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers’ hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Years purchase revisited: quarterly in advance cash flows

2015 ◽  
Vol 33 (3) ◽  
pp. 291-298
Author(s):  
Michael Patrick
Keyword(s):  
Real Estate ◽  
Design Methodology ◽  
Cash Flows ◽  
Real Estate Market ◽  
Content Type ◽  
Compelling Reason ◽  
Market Practice ◽  
The Uk ◽  
Practical Implications

Purpose – The purpose of this paper is to explain the derivation of the years purchase (YP) quarterly in advance formula. Design/methodology/approach – This education briefing is an overview of the YP quarterly in advance formula in the context of the UK real estate market. Findings – Whilst arithmetically more precise than market practice it lacks a compelling reason to be adopted in its place. Practical implications – Understand the effect on stated yields of using annually in arrears, rather than quarterly in advance, assumptions. Originality/value – This is a review of existing models.

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