Real estate management : incentives for effort

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Real estate management : incentives for effort

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Publication Article, peer reviewed scientific
Title Real estate management : incentives for effort
Author Palm, Peter
Date 2017
English abstract
Purpose: The aim of this paper is to examine how the real estate owner (decision maker) can ensure that the preferred tasks are prioritised. In particular, the incentives to ensure motivation to perform to accomplish the strategic goals of the decision maker are investigated. Design/methodology/approach: This research is based on an interview study of 19 firm representatives, 6 decision makers and 13 management representatives, all from the Swedish commercial real estate sector. Findings: The study concludes that the real estate management organisation in the outsourced management setting is governed by the contract, in detail constituting work tasks, and in the in-house management setting, there is freedom with responsibilities instead of regulations. Research limitations/implications: The research in this paper is limited to Swedish commercial real estate sector. Practical implications: The insight in the paper regarding how decision makers create incentives for the real estate management organisation in the different organisational settings can provide inspiration to design incentives for effort. Originality/value: It provides an insight regarding how the industry, depending on organisation setting, prioritise different work tasks and how incentives are created to enable effort.
DOI https://doi.org/10.1108/F-05-2016-0046 (link to publisher's fulltext.)
Publisher Emerald insight
Host/Issue Facilities;9/10
Volume 35
ISSN 0263-2772
Pages 573-587
Language eng (iso)
Subject Decision making
Incentives
Commercial real estate
In-house management
Outsourced management
Real estate Mangement
Humanities/Social Sciences
Research Subject Categories::INTERDISCIPLINARY RESEARCH AREAS
Handle http://hdl.handle.net/2043/23440 Permalink to this page
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