Strategic Property Management Research Articles

Research on the Implementation Path of Enterprise Strategic Property Management from the Perspective of Technological Innovation

The aim of this paper is to improve the innovation level and innovation performance of enterprise strategic property management technology. Also, this paper studies the implementation path of enterprise strategic property management from the perspective of technological innovation by analysing the opportunities and challenges faced by the enterprise’s intellectual property management, building an enterprise strategic property rights management system with the company’s intellectual property organisation management, intellectual property value management, and intellectual property strategic management as the core; establishing SC’s intellectual property management system by stages, adopt a phased approach to build SC’s intellectual property management system and by increasing corporate profitability through intellectual property transfer, licensing and other activities. Through intellectual property management, it provides a strong guarantee for enterprises to make profits. Interviews and investigations were conducted with KT company in the field of temperature control, QR company in the field of energy saving and environmental protection, and JZ company in the field of biomedicine. Only by basing itself on its own reality and market demand, gradually improving the level of technological innovation, and planning and implementing the strategy of independent intellectual property rights, can the performance of technological innovation be effectively improved.

Strategic management and demarketing in UNESCO WHSs: a comparative analysis of two Croatian tourist destinations

Abstract This paper studies the protected cultural property strategic management conducted by UNESCO, the World Heritage Sites (WHS). Its purpose is to explore the measure to which the system of such cultural property management is developed, since its meaning goes beyond the touristic purpose and indicates the world’s cultural property. Two Croatian tourist destinations are examined – Dubrovnik and Poreč. At the end of the paper, a comparative analysis of the two investigated cases is presented with the aim of presenting the research results and designing a personal model and conceptual frame of action to create a more efficient management system for protected heritage at all levels

Стратегічне управління інтелектуальною власністю організації в контексті процесного підходу

Стратегічне управління інтелектуальною власністю організації в контексті процесного підходу

A BIBLIOMETRIC OVERVIEW OF THE INTERNATIONAL JOURNAL OF STRATEGIC PROPERTY MANAGEMENT BETWEEN 2008 AND 2019

The International Journal of Strategic Property Management (IJSPM) is an interdisciplinary journal which provides a forum for a broad range of strategic property management research. The topics such as asset and facilities management, property policy, risk management, residential property value enhancement, and housing finance are included in the scope of the IJSPM’s investigation. The aim of this study is to provide a bibliometric analysis of the papers published by the IJSPM which is collected in the well-known Social Science Citation Index database and analyse the current status and the emerging trends of the research outputs in the IJSPM with some broadly utilized as well as diversely designed indicators. By analysing the annual publication distribution, the citation structure, the co-citation and cooperation networks, and the influential contributors on the aspects of specific countries/regions, institutions, cited journals, and authors, the status quo of the IJSPM publications is presented. Also, the emerging trends are explored through the analyses of timeline view and burst detection. We make the contributions in terms of visualizing the complex and significant results based on the objective and quantitative data. This paper assists researchers with an understanding of the development of the IJSPM, which gives useful information for further researches and submitting works.

Research on Problems and Countermeasures of Intellectual Property Management in Anhui Colleges and Universities

Intellectual property right is crucial to the scientific and technological progress and economic development of a country or region. As research and teaching institutions, universities are a major force in the creation of intellectual property. Anhui province is a major intellectual property province in China. It has a number of science and engineering universities such as University of Science and Technology of China, and HeFei University of Technology. There are many patent applications and authorizations in colleges and universities in Anhui province each year, but there are still many shortcomings in the management of intellectual property, which are mainly manifested in the lack of intellectual property strategic management awareness, imperfect management system, unsound management institutions and the serious loss of intellectual property right and the low conversion implementation rate. To address these missing points, it is necessary to draw lessons from the experience of universities that have done relatively successfully in the management of intellectual property at home and abroad, and actively explore the establishment of intellectual property management models suitable for their own situation. Through establishing a sound intellectual property management system and system, speeding up the training and introduction of intellectual property management professionals, paying attention to the transformation and implementation of scientific research results, and rationally distributing the benefits of scientific and technological achievements and other measures to improve the status quo, and give better play to the benefits of intellectual property in universities. Keywords: Anhui Colleges and Universities,Intellectual Property Management,Problems,Countermeasures DOI : 10.7176/JEP/10-12-23 Publication date : April 30 th 2019

OPTIMAL TRADING STRATEGY DURING BULL AND BEAR MARKETS FOR HONG KONG-LISTED STOCKS

The “buy-and-hold” strategy based on the EMH was believed by many people to be optimal for a long time. However, there has been more criticism on the EMH since the global financial crisis in 2008. Hence many people attempt to find a trading strategy to beat “buy-and-hold”. Moreover, the financial market fluctuates a lot. Sometimes it is in a bull market, but it may be in a bear market during other periods of time, so the optimal strategy during different periods of time may vary and hence switching of strategies may be necessary. In this study, we apply Hui and Chan (2018)’s generalized time-dependent strategy on 12 Hong Kong listed stocks during the whole period of observation and two sub-periods. The results show that when the sub-period December 31, 2004–December 31, 2008 is chosen, the strategy outperforms “buy-and-hold” by the largest extent. This reflects that the strategy is most effective during adverse market conditions. This study can help investors to apply appropriate trading strategies to earn more profits, and help property practitioners to improve their strategic property management to increase the value of their portfolio.

DESIGN FACTORS FOR A SUCCESSFUL SHARED SPACE STREET (SSS) DESIGN

The concept of Shared Space Street (SSS) has the potential to bring many benefits to a city. Those include promotion of social interaction, the connectivity within the city for both vehicles and pedestrians, active engagement of the people with the space, walkability, vitality and street livability, better economic wealth and alike. These factors work together to improve livability, vitality of street and indirectly bring economic wealth to municipalities through increasing the footfall to shops, enhancing the health and safety of the locality and increasing the property values. Hence, this clearly is a consideration for strategic property management and relevant professionals. This concept has also been criticized for its practical issues when implemented in some parts of the world. Such issues include difficulties faced by aged people and people with disabilities, harassments faced by the cyclists, etc. This paper explores the methods and approaches that can be used to harness potential advantages of the SSS concept and to overcome its practical issues and criticisms through a detail evaluation of design driven use of space in three case studies within United Kingdom. Finally, this paper proposes a set of design factors which can be applied to a SSS design in order to ensure a successful implementation.

ENERGETICALLY AND ECOLOGICALLY SUSTAINABLE, AFFORDABLE AND HEALTHY BUILT ENVIRONMENT

„Energetically and ecologically sustainable, affordable and healthy built environment” International Journal of Strategic Property Management, 22(4), p. 234-235.

Hotel property performance: The role of strategic management accounting

In the current study, we contend that to enhance their competitiveness and performance, hotel properties need to develop and implement internal policies and procedures such as strategic management accounting that are consistent with their business strategies and account for changing competitive demands. We employ a sample composed of 80 hotel properties to investigate the key precursor of hotel property strategic management accounting use and its impact on hotel property customer and financial performance. The results highlight that market orientation business strategy is a key determinant of hotel property strategic management accounting use and illuminate the mediating influence of hotel property strategic management accounting use and hotel property customer performance on the relationship between hotel property market orientation business strategy use and hotel property financial performance. Recommendations are provided for both researchers and hotel managers concerning their future study of, or use of, strategic management accounting.

INVESTMENT IN DISASTER RESILIENCE IN THE BUILT ENVIRONMENT

"Guest Editorial ‘Investment in disaster resilience in the built environment’."International Journal of Strategic Property Management, 20(3), p. 221-223

GLASSHOUSE LOCATING BASED ON SWARA-COPRAS APPROACH

Glasshouse is a kind of greenhouse that is larger than prevalent greenhouses. Glasshouses may have wide various applications and totally, is more applicable than greenhouse. One important point about glasshouse that should be considered is selecting a good location. Besides, finding a suitable location for this purpose is so hard because establishing a glasshouse needs a large area. Financial justification which is a major issue in glasshouse Investments highlights the importance of its locating. This research is based on strategic property management perspectives and its results can be used to properly locate an economically justifiable glasshouse in both governmental and private levels. There are some other important criteria affects on this issue. This research aimed at presenting new hybrid framework for glasshouse locating based on two MCDM methods. SWARA and COPRAS are applied in this research for glasshouse locating. This methodology for the first time is applied in a research. SWARA is applied for evaluating criteria and COPRAS is applied for evaluating alternatives. For illustrating the research methodology, a case study in Tehran, Iran is presented in the research. This research can be useful as a framework for this aim and also has the advantage to apply in other research areas.

Buildings' impact on effective hospital services--the means of the property management role in Norwegian hospitals.

The purpose of this paper is to assess the status of the physical assets of Norwegian hospital facilities in terms of technical condition, building performance, usability and adaptability, thereby comprehending the main challenges for property management as part of facilities management (FM) within hospitals of the Norwegian Specialist Health-Care Services and permitting a discussion on a more strategic property management role. The research is based on an action research approach using data collection from surveys, schemes and questionnaires, literature studies, documentation analysis and workshops with an active research team involvement with stakeholders. In-depth interviews were undertaken with owner representatives, property management representatives and health-care deliverers, and a GAP analysis allowed a study of the quality of property management (as part of the FM). A severe technical backlog was documented together with a strong demand for structural upgrading, which was roughly estimated to be approximately 30-35 billion NOK in 2012 (3.75-4.4 billion euros). Improvements are necessary in all areas of FM delivery within limited economic frameworks, even though several examples of good property management (as part of FM delivery) were found. A gap exists between the general strategy concerning hospital assets and the property management role, particularly with regard to the translation of change in user needs into changed facilities. A need for an increasing professionalization of the role is pressing, turning attention from operational costs and control to potential added value. This requires a shift of focus from the property manager in order to implement visions and goals for the health-care sector, which involves several actions such as an improved communication between stakeholders and technically improved skills, thus ensuring the recruitment and capability of property management staff and improved measurement processes. This paper give two major recommendations: first, a stronger integration of the property management role as part of the FM delivery with the executive management of the Health Authorities and Regional and Local Health Trusts; and second, a nationally coordinated strategy for the development of property management in the Specialist Health-Care Services (called Strategic FM). The authors believe that developing a pool of competencies at the national level is necessary to develop the tools, methods and standardized measurements to enable a change in the use of the terms of added value and sustainability. Ultimately, this will enhance the assets of the healthl sector, and this paper suggests a model that allows for this development. This paper shows a model for property management as a strategic role in a holistic process involving all stakeholders from both the bottom up and the top down. The authors believe this process will engage the stakeholders in agreeing upon a clear vision and set of goals for the health-care service assets.

CAN WE BEAT THE “BUY-AND-HOLD” STRATEGY? ANALYSIS ON EUROPEAN AND AMERICAN SECURITIZED REAL ESTATE INDICES

The aim of this paper is to use the Shiryaev-Zhou index to examine the performances of securitized real estate indices of four countries: US, UK, Canada and Germany. The result reveals that the Shiryaev-Zhou index is a leading indicator and can act as a predictor on certain securitized real estate indices. Furthermore, our results show that the trading strategy we constructed according to the Shiryaev-Zhou index generally outperforms the “buy-and-hold” strategy under the assumption of no transaction costs. The stronger the predictive power of the Shiryaev-Zhou index is, the larger extent our trading strategy beats the “buy-and-hold” strategy. This is useful in strategic property management that property practitioners can follow our strategy to trade real estate stocks/funds in order to increase their profits.

CONTAGION ACROSS REAL ESTATE AND EQUITY MARKETS DURING EUROPEAN SOVEREIGN DEBT CRISIS

Standard methods of testing contagion may not work well if the data set is not normally distributed. To cope with this problem, Hatemi-J and Hacker (2005) proposed a new case-resampling bootstrap method to test contagion. In this paper, we extend this method to test the parameters in the Forbes-Rigobon multivariate (FRM) test. The new method has the advantage that the bivariate model is extended to a multivariate framework which jointly models and tests all combinations of contagious linkages. We apply our method to investigate contagion across equity and real estate markets of four countries: Greece, U.K., U.S. and Hong Kong, during the European sovereign debt crisis, and compare the result with that by performing the FRM test directly. Two important results are found. Firstly, both tests we use give similar p-values of the coefficients which indicate the significance of contagion. Secondly, for both tests, the contagion pattern in the equity and real estate markets are different. Our study has an implication to investors that they should regularly review their portfolio and be aware of contagion triggered by a crisis. This would help them reduce their loss and is useful in strategic property management.

STRATEGIES TO ADDRESS GAPS IN THE SUPPLY AND DEMAND OF SKILLS AND KNOWLEDGE IN BUILT ENVIRONMENT-RELATED DISCIPLINES

„Strategies to address gaps in the supply and demand of skills and knowledge in built environment-related disciplines" International Journal of Strategic Property Management, 17(2), p. 111-113

Patenting or not patenting? An empirical analysis of the strategic intellectual property management by Japanese firms

There are inventions that are: 1) products invention; 2) process invention; 3) process invention of products. For the products invention, it is possible to consider the presence or absence of direct infringement by making a comparison with the patented invention to obtain the allegedly infringing product and analysing them. On the other hand, such as the process invention of products, there is a problem that cannot be confirmed whether the infringement directly from the fact that its implementation act is done in the factory of the alleged infringer. Under such circumstances, if you want to exercise in the patent of the present invention provides a process invention of products, those difficulties in the litigation activity is accompanied by comparison with the products invention. In this paper, therefore we verify from statistical court data the reality of the exercise by the patent of the present invention provides a process invention of products. And, using the datasets from the Japan Patent Office’s, called ‘Survey of intellectual property activities’, we analyse the relationship between profitability and know-how or patent application, and consider the direction Japanese firms should aim for intellectual property management.

ANALYTICAL ASSESSMENT AND COMPARISON OF FACILITIES MANAGEMENT SERVICES FOR RESIDENTIAL ESTATES

Populous places are particularly in need of high-rise residential buildings, which are increasingly built as estates. The facilities in these estates entail proper management in order to serve the numerous residents there. Aimed at evaluating the facilities management (FM) services for three major kinds of residential estates (‘public’, ‘semi-public’ and ‘private’), a study was conducted based on a performance-importance-cost (PIC) evaluation model. The end-users’ perceived importance and performance levels and the cost data of the FM services for a public estate, a semi-public estate and a private estate were analyzed using the analytical hierarchy process (AHP), analysis of variance (ANOVA) and Fisher's least significant difference (LSD) procedure. The importance and performance levels of the services and their differences between the estates were revealed. The highest service performance and cost levels were found with the private estate, followed by the semi-public estate and the public estate, while the orders of their cost-effectiveness reversed. Rather than assessing merely the cost or performance of services, using the approach of this study to examine their cost-effectiveness can enable more holistic evaluations towards strategic property management.

Strategic Management Applications in Rejuvenation Efforts of South-Western Nigerian Hotels: Facilities Management Perspective

A survey was conducted of probabilistically determined fifty-seven hotels of various ‘stars’ in South-Western geo-political zone of Nigeria to investigate the responsiveness of the hotel organizations to strategic property management practices in particular level of use of facilities management, level of commitment to business development, use of information and communication technology and support services procurement methodology. Data were collected from hotel organizations through their general managers, staff and customers with the aid of questionnaires. A combination of stratified and cluster sampling techniques were used. Kothari’s formula was adopted to determine the appropriate sample size while descriptive statistics and balanced score card were used for data analysis. It was found that use of facilities management as a strategic management instrument is at low ebb (36%), the same is true of level of commitment to business development (46%), use of information and communication technology (39%) and support services outsourcing (46%). The use of balanced score card principle shows that the four variables all less than 50% may be balanced but in a negative sense suggesting non-responsiveness to the use of strategic management practices. This discovery also affirms that receptivity to FM is at low-ebb in the hotel sector of Nigeria’s economy and a pointer to ignorance of FM as instrument of strategic change. The study recommended that International Facilities Management Association (Nigeria Group), hotel organizations and Governments at all levels in Nigeria should be conscious of this development and put in place strategic actions to educate the gentries on the efficacy of FM in running hotel businesses. The hotel managements are also encouraged to be responsive to new ways of doing things especially when such a method would have a tremendous impact on the performance of the hotels.

MULTI‐FACETED NATURE OF MANAGING DISASTERS

„Multi‐faceted nature of managing disasters” International Journal of Strategic Property Management, 14(4), p. 283-286.

A cross‐cultural analysis of intellectual asset protection in SMEs

PurposeThis paper aims to examine the effect of national culture on the capacity of small and medium‐sized biotechnology enterprises to protect their intellectual assets by analysing the mediator role of environmental scanning behaviour. The extent to which environmental scanning behaviour helps firms to protect their intellectual assets is investigated, and the effects of national cultural values on environmental scanning behaviour are analysed.Design/methodology/approachThe hypotheses are tested with survey data from 123 biotechnology SMEs located in 14 countries.FindingsEnvironmental scanning appears to be an important step in the intellectual property strategy, as it enhances the firm's capacity to protect its intellectual assets. Nevertheless, the results show that firms located in cultures with high uncertainty avoidance, high power distance and low individualism do more scanning, whereas the capacity to protect intellectual assets is perceived as being more important in firms located in cultures with low uncertainty avoidance, low power distance and high individualism.Research limitations/implicationsCertain limitations should be noted. For instance, the research is based on cross‐sectional data, which provide limited insight into the temporal aspects of dynamic environments.Practical implicationsThe study has important implications for practitioners. It demonstrates that, in international working relationships, cultural values have a direct effect on environmental scanning behaviour, and hence an indirect effect on intellectual property (IP) protection capability. Given the strategic importance of scanning and IP for innovative firms, the results could help managers to make strategic decisions, specifically in R&D internationalization through decentralization or partnership.Originality/valueAlthough few studies have empirically analysed the role of environmental scanning in a particular domain, such as intellectual property strategic management, or adopted a comparative cross‐cultural design to do so, this paper investigates the role of environmental scanning in intellectual property strategy from a cross‐cultural perspective.