Agency Risks in Outsourcing Corporate Real Estate Functions

Topics:
Real Estate Portfolio Management
Tags:
Agency,
Business Operations,
Corporate Real Estate,
Financial Services,
It Operations,
Outsource,
Outsourcing,
Outsourcing & Subcontracting
Source:
California State University, Fullerton - College of Business and Economics

FREE Registration is required

Overview: This paper portrays that firms outsource business functions to focus on core competencies and cut operating expenses. However, companies must consider agency costs in determining the optimal staffing/outsourcing balance. Analysis of the views of corporate real estate managers and real estate service providers indicate that although they share a common vision of the role of corporate real estate, providers focus more on traditional real estate tasks than on corporate business strategy. The optimum balance of staffing/ outsourcing may consist of a corporate real estate staff that understands the overall corporate strategy and devotes its resources to strategic planning, program development, contracting, and monitoring outsourced tasks.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 103KB | Date: Jun 2003 | Pages: 38

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