Challenges of strategic corporate real estate management in Ghana
ISSN: 0263-7472
Article publication date: 6 October 2021
Issue publication date: 15 March 2022
Abstract
Purpose
Research shows that strategic corporate real estate management (SCREM) practice contributes to organizational performance. However, globally, SCREM practice is hindered by numerous challenges especially in developing countries such as Ghana. This study examines the challenges of SCREM practice in Ghana from business and corporate real estate managers’ perspectives.
Design/methodology/approach
A mixed-method design was adopted for the study. The largely quantitative study was supported with qualitative data. The multi-stage sampling technique was used to select respondents from 35 institutions in five sectors. The relative importance index, consensus/agreement framework and Mann–Whitney U test were used for analysis.
Findings
Analysis revealed that there is latent resistance to the provision of CRE policy, adequate authority and resources as well as resistance to change in organizational culture for the adoption of SCREM practice. The CRE management function is thus not well integrated into corporate activities. It is seen as a non-core organizational function merely providing physical space and support services.
Practical implications
The research has identified the challenges of SCREM and how these could be addressed to ensure that CRE is managed strategically to contribute effectively to organizational performance.
Originality/value
The paper is the first to identify the challenges of SCREM practice from business and CRE managers’ perspective in five sectors in Ghana, thus contributing to the limited literature on the subject globally.
Keywords
Acknowledgements
The authors would like to acknowledge the financial support of Kumasi Technical University. The support of all Chief Executive Officers who permitted the use of their institutions for this study is also appreciated. The authors also thank the CRE managers who took the time to be part of the survey.
Citation
Boakye-Agyeman, N.A., Bugri, J.T. and Gyamfi-Yeboah, F. (2022), "Challenges of strategic corporate real estate management in Ghana", Property Management, Vol. 40 No. 2, pp. 265-284. https://doi.org/10.1108/PM-10-2020-0065
Publisher
:Emerald Publishing Limited
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