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The Stakeholder Management In Real Estate

Author

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  • Aldo Norsa
  • Giuseppe Pedeliento

Abstract

In this paper we would like to investigate which are the most relevant categories of stakeholders for the real estate business. In order to do so we initially define the cultural/managerial aspects of firms specialised in real estate. I.e. identify the nature of ìproject-based firmsî as opposed to industrial and manufacturing firms as well as merely service providing firms. Second, we go back the main contributions about stakeholders, stakeholder management and the emerging field of project stakeholder management. Third, we try to identify the critical issues involved in the relationship between ìproject-based firmsî and ìstakeholdersî, whose consensus has to be managed in order to achieve project satisfaction in spite of the damages caused during site works. The identification of the main project stakeholders and the relevance of each of these for the real estate companies is done analyzing a few interviews we have realized on the field.

Suggested Citation

  • Aldo Norsa & Giuseppe Pedeliento, 2010. "The Stakeholder Management In Real Estate," ERES eres2010_211, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2010_211
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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