Analysing fourteen graphical representations of corporate real estate alignment models

Christopher Heywood, Monique Arkesteijn

Research output: Contribution to journalArticleScientificpeer-review

2 Citations (Scopus)
18 Downloads (Pure)

Abstract

Purpose: This paper aims to report an analysis of the graphical representations of 14 corporate real estate (CRE) models. It does this to establish the systematic, metatheoretical requirements for modelling CRE alignment which to date have been disguised in a multitude of models. Design/methodology/approach: This meta study of CRE alignment models used a qualitative hermeneutic method to inductively develop understanding of the models’ constituent parts. Several iterations of graphical and textual analysis were required to do this. Further deductive analysis sought to understand the individual models relative to this new understanding. Findings: The analysis showed that a total of 12 components have been used to model CRE alignment. These are divided into four Building Blocks: understanding corporate strategy; understanding real estate performance; making real estate strategy; and implementing real estate strategy. While every model’s representation contained the four Building Blocks, few models contained all 12 components, though all contained at least seven. Completeness of representation in this study should not be inferred as equating to effectiveness as an alignment process. Various feedback mechanisms were also evident between the components. Originality/value: The analysis provides the most complete map of the modelling requirements for CRE alignment. It differs from previous theoretical work on alignment by synthesising a metatheory of alignment representation. By providing a more coherent theory by which to model CRE alignment the metatheory provides a consistent basis on which to investigate and theorise aspects of CRE alignment.

Original languageEnglish
Pages (from-to)16-40
Number of pages25
JournalJournal of Corporate Real Estate
Volume20
Issue number1
DOIs
Publication statusPublished - 2018

Keywords

  • Alignment
  • Building blocks
  • Corporate real estate
  • Hermeneutic analysis
  • Models
  • Theory

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