State of the Industry Report 2007-2008

Chapter One IntroduCtIon CoreNet Global set an Information-Age vision for the future state of corporate real estate (CRE) in 2004 through Corporate Real Estate 2010, or CoRE 2010. Today’s new business model involving the globally networked enterprise and the changing nature of work defines CoRE 2010’s wide scope. Globalization is the force linking CRE to this model so that: • The state of CRE is tied directly to the evolution of the multinational corporate enterprise and the creation of value. • The bond is getting stronger with CRE’s increased linkage to the corporate strategic agenda and, ultimately, to the expansion of commerce on a global scale. For these reasons, CoRE 2010 continues to serve as a useful benchmark to measure progress toward 2010 from a corporate asset management standpoint. That same forward-facing framework is the basis for this first-ever annual State of the Industry Report from CoreNet Global. As this report covering 2007 shows, in some respects, our current state is on track with CoRE 2010 forecasts. In others, the adoption rate is lagging or it’s different than anticipated. It also varies by region, as executives in Asia and Europe confirmed for us. VoICe of the Cre Industry More than 50 senior leaders – all proven practitioners in CRE, workplace, service delivery, sustainability and other key disciplines – shared their direct input on the current and future state of the industry, face to face, peer to peer, at the annual CoreNet Global Industry Leaders Roundtable in January 2008. Their synthesis, analysis and validation of key trends and issues serve as a salient touchstone for the State of the Industry Report, which reflects the latest thinking of industry executives. state of Industry report objectives • CoRE 2010 framework linked to 2007 key findings • Summary and sourcing via: http://www2.corenetglobal.org/knowledge_center/ index.vsp • Sourcing via other channels including: - Applied Research Center bulletins and surveys - LEADER Magazine case studies and articles - Global Summit case presentations - Discovery Forum cases and summary findings - Global Innovator’s and other award cases - Contributions by members and the CRE industry • Synthesis of findings through State of Industry report conclusions • Validations of conclusion by Research Partners and other industry thought leaders chapter one Thought Leadership for Corporate Real Estate and Workplace Executives. Senior leaders from the world’s top companies comprise the Industry Leaders Roundtable State of the Industry 2007-2008 3 http://www2.corenetglobal.org/home/index.vsp http://www2.corenetglobal.org/knowledge_center/index.vsp http://www2.corenetglobal.org/knowledge_center/index.vsp

Table of Contents Feed for the Digital Edition of State of the Industry Report 2007-2008

State of the Industry Report 2007-2008 Contents Chapter 1: Introduction : CoRE 2010 Framework and Report Structure Chapter 2: The Changing Business Environment Chapter 3: Executive Summary of Key Findings and Conclusions Chapter 4: CoRE 2010 Adoption Rate Chapter 5: Sustainability/Corporate Social Responsibility Chapter 6: Global Sustainability Survey and Roundtable Findings Chapter 7: Workplace Practices/Work Environments Chapter 8: Workplace Related Issue: The War for Talent Chapter 9: Asset Management/Portfolio Optimization Chapter 10: Solutions Delivery Chapter 11: Location Strategies/The Strategic Role of Place Chapter 12: Location Related Issue: Site Selection Morphs to Portfolio Alignment Chapter 13: Strategic Competencies/Enterprise Leadership Skills Chapter 14: Competencies Related Issue: The War for Talent in Corporate Real Estate (CRE) Chapter 15: Integrated Resources Infrastructure Solutions – IRIS Chapter 16: Technology and the Web Chapter 17: Technology Related Issue: Removing the Obstacles to Industry Data Standards Acknowledgements and Sources

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.