Abanti Shreya Saha Mustafa Sian Hossain Sabira Mehrin Saba Parashar Saha MD Junayed Hasan STRATAGEM CONSULTANCY TEAM NO. 15060
Feb 20, 2017
Abanti Shreya Saha
Mustafa Sian
Hossain
Sabira Mehrin Saba
Parashar Saha
MD Junayed Hasan
STRATAGEM CONSULTANCY
TEAM NO. 15060
Financial servicesAutomobile Manufacturing IT Industry
Available Vertical Markets
Financial services
Our Preference
For viewer’s ease, we have named the
hypothetical Bank ‘X Bank’
Major operations of X Bank
Based in US, prominence in Europe and Asia
Investment Banking
Commercial BankingRetail Banking
Major focus of X Bank
Because of economic downturn and government regulations in recent years, the CEO of Bank have decided to reduce a significant
amount of operating cost.
The Bank wants to reduce cost by cutting down jobs and rely on outsourcing, which is a strategy that
might backfire
X bank has
over 100
million
square
feet of
space of
which a large
amount is
unused.
Key IssueMismanagement of office floor space which
leads to-
The Key
Issue
Inefficient Utilization which results in
inefficient utilization of workplace space
Failure to generate revenue from those spaces to reduce excessive cost
The Prime Objectives
Reducing and utilizing the unused space
Ensuring Sustainability in the Long run
Short Term
Mid Term
Long Term
After 5 years and above3 – 5 yearsWithin 1 year
The Three Layer Strategy
Long TermMid TermShort Term
Lease/sublease those transferred empty spaces in the strong market in order to generate revenue.
Shift back office operations from strong markets to weak markets and thus leasable spaces in strong markets will be available
Introduce a Performance Dashboard in order to monitor whether the spaces are efficiently utilized
Create an internal server to establish effective communication among CRE officials
Decentralize the CRE division so that they can spread across the world and make sure their ideas are perfectly implemented.
Impact: Immediate utilization of unused space WITH MINIMAL COST
Long TermShort Term Mid Term
Use any additional unused spaces for motivating our employees. Herzberg motivation and hygiene factors will play key role here.
Achieve Energy Star Designation toensure that we have reduced our utility expenses by 50%.
Training Centers are to be set up to create more CRE specialists. This will utilize the additional unused space.
Competition is to be organized and the winners will be given scholarships on the training fees to be a CREM Specialist
Undertake various tenant retention tactics which will help to maintain a healthy port folio
Impact: Creating a VERSATILE and DETERMINED working environment by utilizing more space
Mid TermShort Term Long Term
There are various stages in the certification and thus the company should seek and go further up the ladder
The Company should seek to receive LEED certification if it wants to be sustainable. To attain the certificate in Leadership in Energy and Environmental Design (LEED), the company must fulfill certain requirements.
Effective Acquiring Strategies are needed as in the future the bank might need to cater more customers and thus they find efficient means of acquiring or leasing lands.
Impact: Achieving sustainability by going GREEN
Financial Feasibility
No further significant cost and look for source of income
Spend on better work environment and motivational factors
Renovation and acquiring
Better work environment and motivational factors
Source of additional income and cost reduction
Through CREM competition and LEED certification
Internal Cloud Server and Performance Dashboard
Details SHORT TERM MID TERM LONG TERM
Planning by CRE departmentLook for leasing and subleasing options in strong marketTransfer of back office employees from strong to weak marketDecentralization of CRE DepartmentIntroduce Performance DashboardCreate internal serverAchieve Energy Star DesignationEmployee RetentionTenant RetentionTraining centerCompetition and CERM specialistAchieve LEED certificateAcquiring Strategies
Implementation Timeline
Thank You