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Managing Property Businesses Bachelor - Essay Example

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Managing Property Businesses Bachelor

Organizations are looking to make better use of resources that they have, whether by saving a step in a business process or by improving linkages with their business partners. Organizations are looking to get more out of the resources they have in place so they can be freed up to generate additional opportunity. They want to reduce their operating costs so that they can invest in growth and opportunity.
Relocation of a business can be defined as the movement from one location to another. The main reasons for changing location are: labor and work force issues, the desire to reach new markets, the need to upgrade facilities or equipment, the desire to lower costs or increase cash flow, and considerations about quality of life. The need for a suitable work force seems to be in the top of these reasons for relocation.
"Most businesses start in a small facility, such as the founder's garage, and then move to bigger quarters in the same city", says L. Clinton Hoch, director of location advisory services for DCG Corplan Consulting (a site selection consultancy in West Orange, New Jersey). Later, the business outgrows that location or begins to find fault with its facilities, services, utilities, infrastructure or other features. "Usually only after a business owner goes through those stages is he or she ready to make a move out of the original area," says L. Clinton Hoch.
Relocating may be one of the best things that can be done for a business.
Whether we are moving by choice or by necessity (our lease is up and our landlord is raising the rent), relocation is not an easy task. There are issues like location scouting, commercial realtors, negotiating, number crunching, licenses, packing, unpacking, mail forwarding. Where there is a change, be it strategic or geographic, there is inevitably a level of cost which can, in some instances, be significant. There may appear potential problems like lost employees, lost clients, lost productivity, and just plain lost time.
But once the process of relocation done, business may benefit from the executed move: lowered costs, improved morale, a more robust pool of recruits, government incentives, closer proximity to suppliers.
A great deal depends on what kind of business we operate and where we move to. A Small Business Administration's guide says that when we are thinking about relocating, the lease rate is not the only consideration.
In order to realise this process we may follow a checklist like the one below, for we or our employees to be ready to work once the move is completed: we have to complete negotiations with future landlord, taking into account location, price, remodelling needs, space and electrical requirements; to negotiate release from current lease, ...Show more

Summary

- project management - for example, a company that is divided by function takes a member of staff out of each department to form a temporary project team that will work on one specific task, (e.g. develop a new product);
In today's dynamic business world, organisations are faced with increased competition and evolving business models…
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Managing Property Businesses Bachelor Essay essay example
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