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The 30 second snapshot...

The more we practice, the more expert we become. Take property management - there are some real experts about, able to manage the asset with advanced databases and processes, all designed to deliver ever more value from the investment in property and facilities.

Property teams have become expert at measuring performance based on known best practice. But has it all gone a bit too far? Has the property manager taken his eye off the business? After all, the premises are just there to support the company's goals and objectives. How do you judge the effectiveness of the property management strategy?

It's no longer enough to be great practitioners in the art of property management. These days, the whole team needs to go further, to step up to the next level and become an intrinsic part of the business.

 

Ask yourself...

How aligned are you with the objectives of the business?

Do you have access to all the costs associated with business strategy including: salaries; labour availability; proximity to market place and suppliers; availability of grants and funding?

Are you involved in business decisions affecting property use?

Is your property strategy linked to the business strategy?

How flexible are your property leases and contracts?

Do you know what the business will be doing in six months time?

How well do you understand the long term plans of the business?

 
The three minute highlight...

Today's business landscape is unique and experience cannot predict the short to medium term outcome.

Rather than predict, companies need to adapt. They need a different approach, which relies on the participation of all internal functions to work collectively towards a common aim, and that includes the property team.
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The three minute highlight
The full story...

Most business support functions need to be more aligned with the business strategy. IT has been leading the charge over the past few years, treating users as "customers", providing a service interface and measuring performance through service level agreements (SLAs). These days, as companies face new challenges, it's vital that all parts of the organisation work together in the effort to survive and thrive.
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The full story
The poll...
Do you have access to all the data required to make informed property decisions?

The full story