Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Impact of real estate interventions on organisational performance

Impact of real estate interventions on organisational performance Purpose – Real estate is increasingly used as a “fifth” resource to improve the performance of organisations by a positive image, cost reduction, increased employee satisfaction and increased labour productivity. A clear conceptual framework and standardised key performance indicators (KPIs) are needed to understand and monitor the effects of real estate interventions. This paper aims to explore the added value of real estate interventions to organisational performance, theoretically and empirically, including unforeseen positive and negative side‐effects. Design/methodology/approach – The conceptual framework was based on an extensive literature survey and has been empirically used in a survey among 47 Institues of Higher Professional Education in The Netherlands and additional in‐depth interviews at nine institutes. The effects of real estate interventions were studied by conducting time series analyses of changing organisational performance using several KPIs. Findings – The research has shown that real estate interventions actually improve organisational performance. However, the effects are not always as positive as expected, nor are they always clearly visible when using the present KPIs for organisational performance. And in addition, some effects are temporary. Practical implications – The conceptual framework and the suggested KPIs can be used to support managers in effectively steering on organisational performance by means of real estate interventions, formulating targets in a SMART way, setting priorities with regard to their organisation's main objectives, and monitoring the effects. Originality/value – The conceptual framework integrates know‐how from various studies and fields and was empirically used in educational settings. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Corporate Real Estate Emerald Publishing

Impact of real estate interventions on organisational performance

Loading next page...
 
/lp/emerald-publishing/impact-of-real-estate-interventions-on-organisational-performance-aU30C5Vi47
Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1463-001X
DOI
10.1108/14630010810922094
Publisher site
See Article on Publisher Site

Abstract

Purpose – Real estate is increasingly used as a “fifth” resource to improve the performance of organisations by a positive image, cost reduction, increased employee satisfaction and increased labour productivity. A clear conceptual framework and standardised key performance indicators (KPIs) are needed to understand and monitor the effects of real estate interventions. This paper aims to explore the added value of real estate interventions to organisational performance, theoretically and empirically, including unforeseen positive and negative side‐effects. Design/methodology/approach – The conceptual framework was based on an extensive literature survey and has been empirically used in a survey among 47 Institues of Higher Professional Education in The Netherlands and additional in‐depth interviews at nine institutes. The effects of real estate interventions were studied by conducting time series analyses of changing organisational performance using several KPIs. Findings – The research has shown that real estate interventions actually improve organisational performance. However, the effects are not always as positive as expected, nor are they always clearly visible when using the present KPIs for organisational performance. And in addition, some effects are temporary. Practical implications – The conceptual framework and the suggested KPIs can be used to support managers in effectively steering on organisational performance by means of real estate interventions, formulating targets in a SMART way, setting priorities with regard to their organisation's main objectives, and monitoring the effects. Originality/value – The conceptual framework integrates know‐how from various studies and fields and was empirically used in educational settings.

Journal

Journal of Corporate Real EstateEmerald Publishing

Published: Jul 25, 2008

Keywords: Value analysis; Organizational performance; Real estate; Critical success factors; The Netherlands

References