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Outsourcing is a mechanism which has transformed the delivery of facilities management, logistics, IT and other services to today's corporations. This paper looks at the reasons behind the rise and rise of outsourcing and its applicability to Real Estate services and concludes that much remains to be done, both by customers and suppliers, before the market will work efficiently. In particular, poor processes, inadequate measurement and inappropriate reward structures need to be addressed. However, there have been some successful case studies in Real Estate, and the market is sure to grow. Triggers for outsourcing are discussed, and lessons are drawn from more mature outsourcing markets (IT, logistics etc) that should help those contemplating Real Estate outsourcing to overcome most of the major risks.

Many modern businesses have accommodation needs which vary sharply over time. Corporate real estate (CRE) managers plan for these variations using “common sense” estimates based on average occupation levels, and these estimates are almost always wrong. This study aims to present a method where these businesses can optimise decisions on their mix of short‐ and long‐term space based on previous occupation patterns.

The optimum accommodation mix is derived from Monte Carlo simulation, where previous work patterns are resampled to estimate future needs. The method is extended to look at the effect of rental costs, and looks at how rental decisions are affected by attitudes to risk. Extensions of the method include pricing of real estate derivatives and assessing the probability of making money from renting premises. The method is easily within the grasp of most spreadsheet users, and can be automated using a number of simple, downloadable tools. This method is suitable for organisations with fluctuating workforces, and will be of special interest to project‐based organisations.

Use of “average” occupancy levels to predict the accommodation mix, while intuitive, produces worse results than simulation. While the method is transferable, the analysis must be performed using the company's specific distribution. The mix depends not only on the ratio of short‐ to long‐term rents, but also on the renter's perception of risk.

The method produces provides more accuracy for accommodation planning in all “real world” cases. The technique also provides an opportunity for the CRE manager to engage with the board about the importance of business planning.

The study describes a simulation method widely used outside the real estate industry, and provides simple side‐bars that will help readers to create their own models using Microsoft Excel.

SOCIAL scientists have not yet been able to formulate any general laws about behaviour in industry that are capable of broad application. In recent years, however, they have made many useful case studies of which the one just published by the Department of Scientific and Industrial Research is typical. It is an approach to the problem which can do much to increase the understanding of the way in which people react to common industrial situations.

The statement of the Minister of Agriculture, Fisheries and Food, coming so quickly after the ban on the use of cyclamates in food and drink in the United States, indicates that the new evidence of carcinogenesis in animals, placed at the disposal of the authorities by the U.S. F.D.A., has been accepted; at least, until the results of investigations being carried out in this country are available. The evidence was as new to the U.S. authorities as to our own and in the light of it, they could no longer regard the substances as in the GRAS class of food additives. It is, of course, right that any substance of which there is the slightest doubt should be removed from use; not as the result of food neuroses and health scares, but only on the basis of scientific evidence, however remote the connection. It is also right that there should always be power of selection by consumers avoidance is usually possible with other things known to be harmful, such as smoking and alcohol; in other cases, especially with chemical additives to food and drink, there must be pre‐knowledge, so that those who do not wish to consume food or drink containing such additives can ascertain from labelling those commodities which contain them.

This work examines the interplay between power, status and style. Building on the dual role of power and status as two primary sources of social influence in contemporary consumer society, we propose that stylistic choices associated with greater status can imbue the wearer with greater feelings of power. We focus on a pervasive stylistic choice for women – whether to wear heels – and test two critical relationships regarding consumers' choice of heels that can act as a bridge between status and power. First, we propose that the stylistic choice of wearing heels increases wearers' perceived status (but not perceived power) – the heeled status-enhancement hypothesis, whereby (1) wearing heels increases wearers' perceived status (but not perceived power) among observers and (2) lacking power (vs having power or baseline) yields greater desire for heels over flats. Second, we propose that an increase in status stemming from wearing heels increases consumers' feelings and behaviours of high power – the status–power transfer hypothesis. Three studies confirm the use and perception of heels as status symbols and provide support for both hypotheses. We show that wearing heels (vs flat shoes) makes individuals feel and behave more powerfully by thinking more abstractly and taking more actions, two hallmarks of high power, but only when heels are worn conspicuously (i.e., the wearer knows the observer sees them). In addition, these effects are mediated by wearer's feelings of power and unexplained by perceptions of sexiness. Implications for the literatures on style, status, power and conspicuous consumption are discussed.