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| Which Corporate Real Estate Management
Functions Should be Outsourced? Author: Christopher A. Manning, Mauricio Rodriguez, and Stephen E. Roulac Start Page: 259 Abstract: Recently, there has
been much interest in outsourcing corporate real estate management functions. We explain
why firms should consider outsourcing and identify both positive benefits and possible
negative consequences of outsourcing. Further, we utilize concepts from the neoclassical
theory of the firm, supported by the literature on corporate real estate outsourcing, to
shed some light on how much and which corporate real estate management functions should be
outsourced. Functions associated with "taskmasters", "controllers",
and "dealmakers" are more likely to be outsourced successfully.
"Entrepreneur" and "business strategist" management functions are more
likely to be carried out more effectively by internal managers. Outsourcing the
appropriate real estate management functions, consistent with each company's individual
needs, should enhance shareholder wealth. |
