Strategic property management Essay Example | Topics and Well Written Essays - 3000 words

Strategic property management - Essay Example (LISC, 2007). It is very essential for any organization to build and improve their performances by using strategic property management. It is strongly recommended that, in providing efficient manpower, goods, materials and property, the local authorities' needs to make sure the fiscal use of capital. But there is a huge amount of costs to deal with these for why these costs receive an enormous deal of consideration, though property has received comparatively less attention. The 3 'Es' in the management of property asset There are two key factors regarding the term strategic property management. "These are: - 1. The efficient and effective management and use of the council's capital assets; And 2. Effective management and budgetary control over council" (Doncaster Metropolitan Borough Council, 2008). Like other organizations, the management of property resources need to apply and maintain the 3'E's, economy, efficiency and effectiveness in a best way in their decision making policies. Figure : The 3 'E's in the management of property asset Example ECONOMY EFFECTIVENESS EFFICIENCY Source: 212278_3 es-background material.pdf Now it is needed to explain the 3 'E's in the management of property asset. At first, the management focuses on emphasizing starting a given job and spending the money to provide the salary cost. Their task is always to get the maximum output by providing the minimum input that refers the optimum uses of resources. This stage is called the economy stage though here efficiency is equally needed to do so. Then at the next stage, activities and other works by the employees are done and the management evaluate the retainable efficiency, whether it is ok or not. Then in the next stage the authority puts emphasis on the... Now it is needed to explain the 3 ‘E’s in the management of property asset. At first, the management focuses on emphasizing starting a given job and spending the money to provide the salary cost. Their task is always to get the maximum output by providing the minimum input that refers the optimum uses of resources. This stage is called the economy stage though here efficiency is equally needed to do so. Then at the next stage, activities and other works by the employees are done and the management evaluate the retainable efficiency, whether it is ok or not. Then in the next stage the authority puts emphasis on the output of the first two stages. This refers the job output done from the previous two stages. Here both efficiency and effectiveness are considered as the measurement of this process. In this stage, the organization gets the first touch of their achievement. Then at the final stage the whole process is done and again the process started. The Audit Commission ha s encouraged the proper utilization of community money by ensuring the proper stewardship of public finances and helps those responsible for public services to achieve economy, efficiency and effectiveness. For example: (a) The quality of the services that the organization offers can be reduced if the wrong types of property are selected. That indicates that the right thing should be at right place and in a right way. (b) There should not be any type of unplanned building that makes the cost increased. Otherwise it would be termed as wastage for the company.

Compare and contrast of azerbaijan's economic and political structure Essay

Compare and contrast of azerbaijan's economic and political structure in 1969 with the present day. The role of Haydar Aliev - Essay Example The main conditions, especially in terms of finances, needed for the future independence of Azerbaijan started to develop. The economic institutions needed for independence were reformed and made stronger. Focus was given on social, cultural, and economic institutions. Because of these facts, the foreign media during that time observed that Ukraine and Azerbaijan, two republics that aided in the formation of the Soviet Union, were ready to become economically independent. This discusses the development of Azerbaijan’s economic and political structure since1969. Particular emphasis is given on the role of Haydar Aliyev in the transformation of post-1969 Azerbaijan. Despite the differences between the Western European and the Soviet territories, the principles of the historical development were quite similar or common of decolonisation somewhere else. They involved various aspects, among them growing troubles for Russia, rather than benefits; strategic weaknesses during the Cold War; the shrinking possibility of the cultural integration of the people; and the development of educated national leaders, capable and eager to take on a bigger position in the country’s leadership. In the 1960s, when indications of an institutional problem in the Soviet colonies started to arise, these aspects were more obvious in the borders or fringes than in the centre. The oil and gas sector of Azerbaijan weakened in importance to the Soviet economy, in part because of the shift of attention to other provinces or territories, and in part because of the exhaustion of the readily available onshore oil grounds. The weakening of the petroleum industry resulted, in consequence, in decrease in the flow of investment to Azerbaijan from the Russian and Soviet centre, Moscow. During the 1960s, the country was the poorest of the entire Soviet empire in terms of economic performance and development, yet its population kept on increasing. The fast increasing population of