Item #: 340-7788-05
ISBN: 1405117788
ISBN13: 978-1-4051-1778-4
Author: Timothy J. Dixon, Andrew Marston, Patrick McAllist Publisher: Blackwell Publishing Format: Paperback
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Private sector commercial property represents some £400 bn, or 34% of total
UK business assets and is a vital fabric for housing commercial enterprise. Yet
social and economic forces for change, linked with new technology, are making
owners and occupiers question the very nature and purpose of property and real
estate.
Printing, steam power; canals and railroads; mass media and, more recently,
information and communications technology (ICT) have brought about major changes
in both organisational and economic structures over the centuries. On the one
hand, there has been much hype about the role that ICT would play in eliminating
the need for physical real estate space; and on the other, some have suggested
that institutional factors and fixed costs mitigate against transformative
change in real estate.
Building on the authors' own research and a growing body of new,
international findings in the field, the book provides a balanced view between
these two positions. It will demonstrate how ICT affects the shape and form of
real estate in our towns and cities, with other forces in the new economy. 440
pp.
The book:
examines how ICT and organisational change, combined with social,
political and economic factors, affects real estate space demand
analyses how real estate strategies are changing to reflect these trends
shows how technology affects the geography and space of real estate and
infrastructure in our towns and cities
investigates future urban shape and form.
Real Estate & the New Economy - Table of Contents:
Introduction
Background
Aim and objectives
Definitions
Technological change; alternative perspectives
Summary - an overview
An integrative socio-technical framework for ICT and real estate
Examples of the socio-technical approach
Key themes of the book
Section 1 Context and Framework
The Social, Economics and Political Context of ICT Transformation
Introduction
Understanding the role of technological change in society
Towards an information society and the new economy
The role of knowledge and innovation in policy
Information society policy development in the UK
Measuring the information society
Implications of the development of an information society
Summary
Technological Change: Diffusion and Adoption of ICT by
Consumers, Businesses and Governments
Introduction
Technology diffusion
Implications of ICT diffusion for consumers, businesses and
government
Internet-driven activities: eBusiness, eCommerce and eWork
Some implications of ICT adoption for real estate
Summary
Business Process and Organisational Change
Introduction
Understanding corporate change
ICT and the design of organisations
Generic business processes
Procurement
Operational management
Marketing
Customer relationship management
Accounting
Recruitment
Stock management
Financial management
Mapping processes to property
Summary
The New Economy and Real Estate
Introduction
What is the new economy
The evidence for a new economy
The role of real estate in the new economy
Summary
Section 2 Real Estate Spaces and the Impact of ICT
Real Estate Spaces
Introduction
The paradox of location in the new economy
Physical form and virtual reality
Transactions in space
Personal space
Private space
Summary
Real Estate Use and ICT
Introduction
Sales
Processing
Manufacturing
Storage
Leisure and living
Summary
Real Estate Service Providers and ICT
Introduction
The changing context of real estate investment
The owner's manager
The occupier's manager
Appraisers
Brokers
Summary
Section 3 The Future
New directions and Policy Implications: The Future of Real
Estate in the New Economy
Introduction
The socio-technical framework
Summary
New types of real estate
Implications of ICT transformation for existing real estate
Policy issues
Future visions
Is there still a future for real estate in the new economy?
Real Estate & the New Economy
