How can you ensure your Corporate Real Estate team is efficient and effective?

1 Define your vision and mission

A clear and compelling vision and mission statement can help your CRE team align their activities with the organization's strategic direction and priorities. It can also communicate your team's purpose, values, and goals to internal and external partners. A vision statement describes the desired future state of your CRE portfolio, while a mission statement explains how your team will achieve it. To craft your vision and mission statement, you can involve your team members, stakeholders, and senior leaders in a collaborative process that reflects your team's identity and culture.

3 Implement processes and systems

A standardized and streamlined process and system can help your CRE team operate effectively and consistently. It can also improve your team's productivity, quality, and compliance. A process and system can cover the various stages and aspects of your CRE lifecycle, such as planning, budgeting, procurement, project management, leasing, maintenance, and reporting. You can use tools such as workflows, checklists, templates, guidelines, or software to design and document your process and system. You can also monitor and evaluate them periodically to identify and address any gaps or issues.

4 Foster collaboration and teamwork

A collaborative and cohesive team can help your CRE team achieve better results and outcomes. It can also enhance your team's creativity, innovation, and problem-solving skills. A collaborative and cohesive team can foster a culture of trust, respect, and mutual support among team members and other stakeholders. You can use tools such as meetings, workshops, feedback, recognition, or social events to build and maintain collaboration and teamwork. You can also leverage the diverse skills, knowledge, and perspectives of your team members and partners to optimize your CRE performance.

5 Develop skills and competencies

A skilled and competent team can help your CRE team deliver value and excellence to the organization and its stakeholders. It can also increase your team's confidence, motivation, and satisfaction. A skilled and competent team can continuously learn and grow in their professional and personal development. You can use tools such as training, coaching, mentoring, or career planning to develop and enhance your team's skills and competencies. You can also assess and align your team's skills and competencies with the current and future needs of your CRE portfolio and organization.

6 Measure and improve performance

A measurable and improvable performance can help your CRE team demonstrate and improve their efficiency and effectiveness. It can also help your team align their performance with the organization's goals and objectives. A measurable and improvable performance can track and evaluate your team's progress, achievements, and challenges. You can use tools such as metrics, indicators, dashboards, or surveys to measure and report your team's performance. You can also use tools such as feedback, reviews, or action plans to improve and optimize your team's performance.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?