AN EXPLORATORY STUDY ON THE REAL-TIME STRATEGIC FACTORS OF CORPORATE REAL ESTATE ASSET MANAGEMENT [CREAM] PRACTICES: EVIDENCE FROM INDONESIAN COMPANIES



Wakhid Slamet Ciptono(1*), Budi Wiryawan(2)

(1) Faculty Economics and Business
(2) Universitas Gadjah Mada
(*) Corresponding Author

Abstract


Memasuki era transformasi (reformasi) nasional dan otonomi daerah, organisasi publik dan bisnis Indonesia dituntut untuk mampu mengembangkan daya saing, efisiensi, dan keefektifannya guna melakukan proses perubahan secara kreatif dan berkesinambungan (sustainable). Setiap organisasi perlu membangun strategi perubahan secara proactive dan interactive (real-time strategic) untuk menjadi the leader of crisis. Studi ini menjelaskan penerapan real-time strategic dengan memotret praktik manajemen aset bangunan perusahaan (corporate real-estate asset management or CREAM) di Indonesia. Dengan menggunakan cluster analysis—dari 97 perusahaan yang menjadi responden—44 perusahaan (45%) berada dalam kelompok pasif, 37 perusahaan (38.10%) berada dalam kelompok selektif, dan 16 perusahaan (16.50%) berada dalam kelompok aktif. Hal ini menunjukkan potret perusahaan di Indonesia belum efisien dalam mengelola aset bangunannya. Dalam kondisi krisis multidimensional saat ini, berbagai kesalahan tipe I dan tipe III (mismanagement creates high level of inefficiency and high cost economy) menjadi suatu budaya yang harus segera dilakukan pembenahan secara sistematik, total, dan beorientasi pada program. Studi ini memberikan gambaran bagaimana bangsa Indonesia hijrah dari belenggu KKN (inactive and reactive strategic) menuju Indonesia Baru (a good corporate and government governance; proactive and interactive or real-time strategic) melalui corporate real estate asset management (CREAM).

Keywords


Corporate Real Estate Asset Management (CREAM), Real-Time Strategic, Cluster Analysis

Full Text:

PDF


References

Aaker, D.A., Kumar, V., Day, G.S., 1998, Marketing Research, Sixth Edition, John Wiley & Sons, Inc, Toronto. Arend, M., 2000, A CRE Blueprint For the Next Millennium, Management Strategy,1-2. Avis, M., et al. Property Management Performance Monitoring. Oxford, 1993. Avis, M., V. Gibson, and J. Watts, Managing Operational Property Assets, Reading, 1989. Blaschke, J., 2000, Cultivating Long-Term Client Relationships, PM Network, 39-42. Carn, N., R. Black and J. Rabianski, 1999, Operational and Organisational Issues Facing Corporate Real Estate Executive and Managers, Journal of Real Estate Research, 17:3, 281-99. Chase, R. B., and N. J. Aquilano, and F. R. Jacobs.. 1998, Production and Operations Management: Manufacturing and Services. Boston: Irwin McGraw-Hill. Ciptono, W.S. ans B. Wiryawan, 2000, The Strategy and Implementation of CREAM: An Empirical Study On Yogyakarta Companies, Magister of Development Economics (MEP) Program, Gadjah Mada University, 1-45. Cochran, M.M., 1998, Governments Selec-tively Privatizing Real Estate Management, Real Estate Issues, 1-8. Collins, K., 1993, Miller, Parrow Say Communication Is Key to Quality CREProgram, Commercial Property New June 16. Cooper, D.R., and Schindler, P.S., 1998, Business Research Methods, 6th Edition, Irwin/McGraw-Hill, Singapore. Cullen, P.M., 1999, How Global Corporations and Real Estate Capital Markets Intersect, Corporate Real Estate Executive Maga-zine, September 1, 2-3. Dean, E. B., 2000. The Voice of the Customer: From the Perspective of Competitive Advantage,QFD-01-htm-2000: 1-2. DeCarlo, J.W., 1997, Property Management, 1st Edition, Prentice-Hall, Singapore. Domingo, R., 1996, Quality Means Survival, Prentice-Hall, Singapore. Duckworth, S.L., 1993, Realizing the Strategic Dimension of Corporate Real Property through Improved Planning and Control System, Journal of Real Estate Research, 8:4, 495-509. Eldred, G., 1987, Real Estate: Analysis and Strategy, Haper & Row, Publishers, New York. Ettorre, B., 1995, Corporate Real Estate: Building A Strategic New World, Mana-gement Review-American Management Association, 43-47. Feridhanusetyawan, T., 1998, Social Impact of the Indonesian Economic Crisis, The Indonesian Quarterly, XXVI: 325-364. Fliedner, G., R. Vokurka, 1997, Agility: The Next Competitive Weapon, APICS, 7:1, 1-13. Fong, P.S.W., 1998, Value Management Applications in Construction, AACE International Transactions, VE.02, 1-5. Frederic, W.C., J.E. Post, and K. Davis, 1992, Business and Society: Corporate Strategy, Public Policy Ethics, McGraw Hill, Singapore. Gale J. and F. Case, 1989, A Study of Corporate Real Estate Resource Mana-gement, The Journal of Real Estate Research, 23-34. Gess, David, 1997, Life-Cycle Cost Management, http://www.dfi.com/txt/p04_3.htm,1-7. Hair, J.F., Anderson E.R., Tatham L.R. Black C.W. 1995, Multivariate Data Analysis with Reading, Fourth Edition, Prentice Hall, New Jersey. Hutcheson, J.M., 1979, Property Development and Management, Sydney, Glencoe Publications. Jacobus, C. J. and B. Harwood, 1996, Real Estate Principles, Prentice Hall, New Jersey. Jacobs, R.W., 2000, The Next Competitive Edge: Changeability, PM Network, 16. Joroff, M., M. Louargand, S. Lambert, and F. Becker, 1993, Strategic Management of the Fifth Resource: Corporate Real Estate, Atlanta. Kandell, J., 2000, CRM, ERM, One-to-One Decoding Relationship Management Theory And Technology, Trusts & Estates, 49-53. Manning, C.A., and S.E. Roulac, 1996, Structuring the Corporate Real Property Function for Greater ―Bottom Line‖ Impact, Journal of Real Estate Research, 12:3, 383-396. Manning, C.A., M. Rodriquez and S.E. Roulac, 1997, Which Corporate Real Estate Management Functions Should be Outsourced?, Journal of Real Estate Research, 12:3, 383-396. Martin, J., 1995, The Great Transition: Using the Seven Disciplines of Enterprise Engineering to Align People, Technology, and Strategy, AMACOM, New York.




Article Metrics

Abstract views : 957 | views : 2006

Refbacks

  • There are currently no refbacks.




Copyright (c) 2001 Journal of Indonesian Economy and Business

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Journal of Indonesian Economy and Business

Journal

Editorial Team
Focus and Scope
Peer Review Process
Publication Ethics
Screening for Plagiarism

Authors

Author Guidelines
Submission Guidelines
Online Submissions
Copyright Notice
Privacy Statement
Author Fees

Download

Author Pack
Submission Form & Manuscript Template

 

Reviewer

Reviewer Guidelines
Reviewer Acknowledgement

 

Reader

General Search
Achieves
Author index
Title index

 

 

The Journal of Indonesian Economy and Business (print ISSN 2085-8272; online ISSN 2338-5847) is published by the Faculty of Economics and Business Universitas Gadjah Mada, Indonesia. The content of this website is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

© 2019 Journal of Indonesian Economy and Business 
 Visitor Statistics