100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Operations Management summeary year 1 ( book: Hospitality Experience ) $7.26   Add to cart

Summary

Summary Operations Management summeary year 1 ( book: Hospitality Experience )

 11 views  0 purchase
  • Course
  • Institution
  • Book

In dit document is een samenvatting van hoofdstuk 1 tot en met 4 van het boek Hospitality Experience. Daarnaast zijn de lectures besporken en de workshops. Zitten ook een paar examen vragen in.

Preview 3 out of 22  pages

  • No
  • Hoofdstuk 1 tot en met 4
  • February 9, 2022
  • 22
  • 2020/2021
  • Summary
avatar-seller
Operations management

Place
Introducing cream
3 alignment strategies:
1. The relationship between PEOPLE and their PLACES = PE&PL
2. The relationship between PEOPLE and their ( workplace ) PROCESSES = PE&PR
3. The relation ship between PLACES and the PROCESSES they accommodate=
PL&PR

What is cream?
CRE refers to all the buildings and land in use by organizations with the sole objective of
accommodating its core business.
It involves all activities relating to the planning, acquisition, management and disposal of
corporate real estate

It focuses on aligning corporate real estate with corporate strategies and obtaining added
value.

M = management.
It concerns the management of buildings and parcels of land at the disposal of private and
public organizations which are not primarily in the real estate business

Any organization who occupies space is in the real estate business and needs to manage it
properly

A = asset, It is an item of value owned. It represents value.
In financial accounting, an asset is an economic resources. Anything tangible and intangible
that can be owned or controlled to produce value and that is held by a company.

AM = asset management.
It ensures that the land and building of an organization is optimally structured om the best
corporate interest.


So what is cream?
CREAM contributes to organizational effectiveness though 3 key dimensions
1. Real estate as a financial asset ( people and place )
- Relates to the economic value
- Represented as a fixed asset on the balance sheet
2. Real estate as a physical asset ( place and process )
- Relates to the physical provision of land and buildings
- The buildings provide a physical envelope in which an organization
performs its core business activities
3. Real estate as a operational asset ( people and process)
- Relates to the space inside the building that has an operational value to an
organization

Functions of buildings:
1. Protective function
2. Domain or territorial function
3. Social function

, 4. Cultural function
5. Spatial organization of activities
6. Climate regulations
7. Symbolic function
8. Economic function

Identity through CRE
Step-by-step plan for branding by corporate real estate

Conceptual framework ( showing the possible role of real estate in corporate branding)
Step 1: Outline corporate brand values
 Real estate and the workplace need to support the vision, brand & values of the
organization

Step 2: Develop corporate real estate strategies
 Portfolio management ( real estate as an investment asset ), Location strategy ( well-
performing office locations ), Building strategy ( a building that meets your business
objectives) and workplace strategy ( a workplace strategy that fits the identity of the
company and of the employee)

Step 3: Create tactical plans and implements
 Creating integrated solutions to business critical issues around real estate, people,
technology and work: Taking IT, HR and Facilities aspects into account
 Implementing enduring real estate solutions and change management to deliver on
business objectives
 Identify actions/ measure to translate corporate brand values into corporate real
estate strategies

Step 4: Evaluate success and measure performance
 Monitor measurable outcomes and feedback: post occupancy analysis, conduct
brand values awareness campaign among internal and external stakeholders and
ongoing change management




Different roles
Demand and supply side
1. Demand: people and users ( the functional requirements imposed on the building by
users ) functionality
2. Supply: real estate ( the extent to which the building provides in the functional
requirements imposed on the building by users ) serviceability

, Diversity workforce
1. Different gender
2. Different age
3. Different generation
4. Different in physical and mental health
5. Different job functions
6. Etnic & cultural difference
7. Different FTE contracts
FTE = full-time equivalent ( 1 FTE = 40 hours / week )
- Indicates the workload
- Makes it comparable
- Measure involvement
0,5 FTE = 20 hours / week ( 2 x 0,5 = 1 FTE )
8. Different life – stage
9. Different roles
2 distinct roles:
- Role 1: representing the interests of the owners.
The organizational ovjectives are: Labour productivity, innovation power,
employee satisfaction, health & safety and efficiently
- Role 2: representing the interests, needs & requirements of the user ]
The organizational objectives are: physiological needs, safety needs,
social needs, self – esteem needs and self actualization

Relationship between them is Evidence-based decision-making
Decision making according to the AC – model: Accomodation choice-model, linking
decisions about: organization goals & objectives with organizational acconomodation
( real estate )


What do users want?
For example: lighting, indoor climate, privacy, opportunities to concentrate,
accessibility of the building and satisfaction with the organization.

The corporate identity model:

Corporate design Corporate behavior
slogans, logo, products, Indirect company, management
architecture, location and employee behavior.




Direct Indirect



Corporate identity




Property characteristic:
1. Push factors: factors that are experienced as negatieve, and which leads to wanting a
better location/ building eg bad access and no parking space

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller aniquevdspek. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.26. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83430 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.26
  • (0)
  Add to cart