Corporate Real Estate Black Swan Strategy: Beyond Probabilty and Resilience

Higgins, David and Perera, T (2016) Corporate Real Estate Black Swan Strategy: Beyond Probabilty and Resilience. Coroporate Real Estate Journal, 5 (3). pp. 226-247. ISSN 2043-9148

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Abstract

Corporate organisations operate in a dynamic competitive global environment where real estate decisions form an important part of a successful business operation. Fundamental considerations cover the drivers of possible disruption from core economic activity, structural change and unexpected (black swan) events. With documented increases in the frequency and magnitude of unforeseen, rare and extreme black swan events, this research examines an antifragility corporate real estate strategy that looks beyond likelihood and resilience to opportunities to manage and embrace key adverse known unknown random black swan events. Suggested strategies including modular locational operation units, knowledge sharing and real estate partnerships can form part of an antifragility real estate framework and assist global organisations to succeed where competitors fail in a world affected by increasingly large, highly improbable and unpredictable events.

Item Type: Article
Subjects: K900 Others in Architecture, Building and Planning
Divisions: Faculty of Computing, Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment > Resilient Environments
UoA Collections > UoA16: Architecture, Built Environment and Planning
Depositing User: $ Ian McDonald
Date Deposited: 09 Dec 2016 11:44
Last Modified: 11 Oct 2017 11:01
URI: http://www.open-access.bcu.ac.uk/id/eprint/3675

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