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