The corporate landscape is evolving towards a focus on core business functions. Company operations that are not direct contributors to the core success of the business are being…
Abstract
The corporate landscape is evolving towards a focus on core business functions. Company operations that are not direct contributors to the core success of the business are being outsourced. For many corporate real estate departments, this means that the internal function is being examined for potential outsourcing. Given this new environment, Corporate Real Estate (CRE) must adapt by focusing on its own core internal processes and outsourcing the non‐core work now being performed by internal staff. The transformation from internal to external provides many challenges, including staff realignment issues and service‐provider selection. When effective, CRE can focus on providing real and measurable benefits to the company as well as enhancing the CRE executive’s career.