Strategy and Implementation for the Workplace of the Future: The Raffles Quay Asset Management Commercial Real Estate Story
Strategy and Implementation for the Workplace of the Future: The Raffles Quay Asset Management Commercial Real Estate Story
By:
Robin Speculand
, Tamas Makany
, Jovina Ang
Discipline:
Strategy execution
Description
This case study is set in June 2022, two and a half years since Raffles Quay Asset Management (RQAM) had rolled out its new vision in preparation for positioning itself for the workplace of the future. RQAM had been established in 2001 to manage and market the commercial properties developed by Asia’s leading developers.
The new vision provided the ‘north star’ for the whole organisation and transformed how RQAM managed tenant relationships. It also revolutionised RQAM’s approach to commercial real estate management. The new vision leveraged technology opportunities and addressed the needs of RQAM’s various stakeholders from its tenants to the community.
The RQAM leaders crafted a strategy to deliver the vision within five years. To support the implementation of the vision, the leaders drove significant interventions, of which, one intervention was to align employees across the whole organisation with the ‘strategy on a page’.
The case provides a learning opportunity for students to understand RQAM’s position, evaluate the visioning and implementation process, that includes digital, and discuss the interventions that were executed.
Inspection copies and teaching notes are available for university faculty. To receive an inspection copy and teaching note, please email cmpshop [at] smu.edu.sg with your registered faculty email ID and a link to your contact information on the faculty directory at your university as verification. An inspection copy and teaching note will then be sent to your faculty email account.
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· Teaching Note (SMU-22-0020TN)
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Industry
Real estate industryTemporal Coverage
2022Year Completed
2022Education Level
ExecutivePostgraduate
Data Source
Field ResearchGeographic Coverage
SingaporePublished Date
Price
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