Innovation in property management

Robert Thompson

Journal of Property Investment & Finance, 2015, vol. 33, issue 5, 436-445

Abstract: Purpose - – The purpose of this paper is to examine innovation in the context of property and asset management (PAM) and define a clear interpretation of the term that can be applied generally. Second to propose an organisational framework in which stakeholders in PAM can behave more innovatively. Design/methodology/approach - – The paper takes the form of a literature review and application of third party research. Findings - – There is a clear need for stakeholders to behave innovatively. Innovation is primarily cultural and is disruptive by design which is uncomfortable for a mature industry like PAM. Research limitations/implications - – This is an examination of existing literature and research. It sets up a need for empirical research on the behaviour of PAM stakeholders. Practical implications - – PAM stakeholders need to change their culture to enable innovation to flourish. Originality/value - – There is little published research on PAM.

Keywords: Innovation; Culture change; Facilities management; Asset management; Property management; Process change (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpifpp:v:33:y:2015:i:5:p:436-445

DOI: 10.1108/JPIF-05-2015-0027

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