Introduction: IT Doesn’t Matter was an article written by: Nicholas G. Carr for the Harvard Business Review Magazine in 2003. The article outlines a situation, not quite as its title suggests, that IT is less relevant that it used to be in terms of a competitive advantage in Industry. This essay will consider what the point of view of Mr Carr is and whether it is a fair and accurate reflection of the reality on the ground. With the benefit of 9 years of hindsight, It’s more of a case of what lessons can be learned and what nuggets of wisdom can be extracted from the article and apply the lessons learned to my industry, Property Sales and rentals. The Article. IT Doesn’t Matter. 2003. Nicholas G. Carr. This article created a bit of …show more content…
Fair enough, what’s it got to do with you though? You are hardly a Google or a Microsoft. I work in the property Industry in Galway. I currently concentrate on Residential Rentals but have been involved in Property Sales for 10 years prior to that. In that time, the industry has gone from a wink and a nod with a paper file under your arm to a business that is essentially IT in all its administration. As I work through the article, it is surprisingly relevant to the experience I have had in the two companies I do work for since starting in my property career in 2000. I studied Estate Management (BSc Hons) in Birmingham from 1997 – 2000 and IT was being rolled out to beat the band. It was probably not long after than that when Carr started to notice the seismic shift in attitudes to IT at the time. The Y2K Millennium bug was making its debut alongside the dot com bubble and IT spend in US was accounting for up to 50% of capital expenditure (US Dept of Commerce’s Bureau of Economic Analysis). Carr was probably giving the environment around him a lot of thought. The Y2K and the dot com bubble came and went. Meanwhile, Birmingham University were buying PCs and wiring the halls of residences with phone/internet lines. At that time, internet access had to be booked at the library reception and only 10 PCs served the students. Nevertheless, we and the University management were aware of
The real estate business first came to light in a failed attempt in America in 1890, but came back when ‘Levittowns’ were being
In the United States, the lending industry’s lack of aggressive monitoring was a big part of the housing market crash of 2006. The Las Vegas housing market, once a booming industry in 2003 to 2005, is now one of the top 3 cities in foreclosure properties. I sat with Suzanne Pashnick to get her take on what happened, who is to be blamed and what can be done for the city to recover. Suzanne has been in the real estate field since 1995 and began her career in Michigan. In 2005, she moved to Las Vegas and continued her career in real estate and is currently an agent for CENTURY 21 MoneyWorld and remains licensed in Nevada.
After analysis of Mr. Alexander’s proposal, it is obvious why he should take advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliable. In a similar vein, Alexander’s “DIY” approach is not only exemplar of naiveté, but also suggestive of many implications that were overlooked in his proposal. And, even more discouraging, a best-case scenario analysis reveals that even without
This study suggests that property owners should review their authoritative positions in the rental business and should be more involved in the responsibility of
The purpose of this literature review is to explore the issues associated with the private rented sector (PRS), because as noted earlier, this is now becoming a very important tenure in the overall UK housing market. Approximately, 4.9 million households in the UK are in the PRS, which has more than doubled since 2001 (Paragon 2015).
There are many causes of housing impulsion: lax regulation, financial innovation gone awry, excessive debt, raw greed. The players also vary bankers, borrowers, politicians, developers and bureaucrats. Mr. Cinseors also is a part of that, despite qualms, he encouraged the unprepared to buy homes. He said I have been waiting for someone to put all the blame at my doorstep, but with a little worry too.
A lot of articles these days tell us all about the problems with our housing market, but none of them offer any solutions. It's about time the people of Australia knew what the government, real estate experts, and fellow Aussies think about our housing market. It’s about time we knew how to fix this problem, instead of repeatedly being told how bad it’s getting.
Property is booming in Bristol, but that doesn’t mean that it’s an easy market for an estate agent to move into new territory. An agent has to offer a more than the basic expertise of selling houses, sellers and buyers are faced with a huge choice on the high street, Goodman Lilly had to find a way to grabs customers attention, at the same time as maximising their window real estate.
Many would claim these estates provide an example of where ‘social housing… become the very ghettos of multiple social deprivation that they were supposed to replace…’ and that ‘there is real concern that the current social housing system is failing the very people it was designed to help’ (Greenhalgh & Moss 2009 p6). However, Hafod believes that by retaining only these geographical areas it allows them to support their vision of working closely with already recognised tenant groups and partners and also allows them to deliver generic development activities alongside key projects (Hafod HA 2013). It is contended that far too often housing providers have tended to be opportunity-led rather than strategic (Thomas 2015).
Let’s face it, the job market can fluctuate in a way that makes it hard for job security to feel possible nowadays. While most people end up working in a position they don’t like, there is an option that can open many doors — EXIT New Options Real Estate. As Leominster’s and Worcester’s leading real estate firm, EXIT New Options leaves open a wide door of possibilities for those interested in careers in real estate.
The purpose of this paper is to provide an analysis of the current issues and conflicts that Strident Property Services has encountered. The following sections will provide a brief description of the company, describe the objective and assess the current situation. Also, the group members will identify issues and conflicts to help determine the optimal solution for the company. Additionally, the paper will provide examples of how the company (1) deviated from its mission, (2) what motivational theories the leadership used to motivate the employees, (3) the leadership role using a leadership framework, (4) the value of reframing to foster improved relationships, and (5) determine the reasons why the company was incapable of producing desired results. After the evaluation, group members will share recommendations on how the company could have possibly increase the likelihood of success.
This essay presupposes that the subjects’ career path begins with a period spent studying towards the assessment of professional competence as set out by the RICS governing body; a logical step at the start of a career in commercial real estate. Whilst there is extensive research on problems of ethics in other countries such as that by Bowen (2007), the focus is on a potential career path based in the UK and as such these are not examined. Finally there is no analysis of illegal practices, such as bribery, since these are dealt with directly by industry law and are not viewed as ethical challenges. The central theme to this essay is the issue of human involvement in real estate, succinctly explained by Miller (1999:2006) who says, “anytime a person depends on another person to appraise, develop a market analysis, represent, negotiate on behalf of, perform certain duties that are prerequisite to a deal, all in anticipation of investing, buying, selling, developing, leasing, lending, or taking oneself or ones own firm any financial risks, there is the potential of violations of ethics in terms of expected behavior.”
Electricity, the telephone, the steam engine, the telegraph, the railroad and ..IT? In his HBR article, "IT Doesn't Matter," Nicholas Carr has stirred up quite a bit of controversy around IT's role as strategic business differentiator. He examines the evolution of IT and argues that it follows a pattern very similar to that of earlier technologies like railroads and electricity. At the beginning of their evolution, these technologies provided opportunities for competitive advantage. However, as they become more and more available as they become ubiquitous they transform into "commodity inputs," and lose their strategic differentiation capabilities. From a strategic viewpoint, they essentially become "invisible."
FT Press 2007. All Rights Reserved. Business and Competitive Analysis. By C. Fleisher & B. Bensoussan.