State of the Industry Report 2007-2008

Chapter One Core 2010 key terms as defIned In 2004 – how haVe they Changed? Value dimensions Corporate Social Responsibility/Sustainability Corporate behavior that demonstrates open and transparent business practices based on ethical values and respect to employees, communities, and the environment. Asset Management & Portfolio Optimization The process of continually assessing risk, demand, supply, and financial structure of the enterprise’s resources, resulting in specific actions that either minimize risk or maximize return on the resources, in alignment with the unique needs of the company. The Changing Nature of Work/Workplace The main depiction of how work will be done in 2010 is the social network. Social networks are about relationships, teamwork, and community; they are a set of interconnected nodes or points. Work will be accomplished in a wide range of locations, and on the go. Strategic Role of Place/Location Strategy Refers to both physical and virtual workspace for the networked enterprise. Location strategies are molded around global business dynamics of a global workplace. It involves the interdependencies of resources, infrastructure, and constraints. Value drivers Enterprise Leadership/Strategic Competencies Leadership is the process of influencing others to achieve the group or organization’s goals. In the networked world it is about motivating and influencing participants in the organizations’ internal and external networks to achieve the vision, mission and goals of the enterprise. Solutions Delivery (Service Delivery) A broad reaching function that encompasses everything from tactical services to strategy planning for a company. It includes work performed by parties internal or external to the corporation that contributes to the benefit of clients, customers or stakeholders and furnishes or supplies the various constituents with something needed or required that produce promised, desired or expected results. Integrated Resources Infrastructure Solutions (IRIS) A shared services model for administrative services management and delivery in which real estate, technology, and other elements of the infrastructure will be seamlessly integrated to provide workers with the tools and environments they need to develop and deploy products faster and more efficiently. Technology & the Web The accessing of information via the Worldwide Web, the platforms and applications around it and the devices through which it is accessed, as well as telecommunications technology. It is an integral part of the workplace of 2010 and beyond. about Corenet global CoreNet Global is the world’s leading professional association for corporate real estate and workplace executives. CoreNet Global is focused on helping members create strategic value for the corporate enterprise. The group’s 7,000 members manage more than $1.2-trillion in real estate and workplace assets. CoreNet Global is focused on applying research to case-study based knowledge sharing among members serving the asset management, real estate, workplace and related needs of Global 1000 and Fortune 1000 companies. CoreNet Global convenes the entire industry spectrum of corporate real estate executives, service providers, economic developers, academics and others. For more information, please visit www.corenetglobal.org chapter one State of the Industry 2007-2008 5 http://www2.corenetglobal.org/home/index.vsp http://www.corenetglobal.org

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

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