5 research outputs found

    Real Estate Management and Value Adding in Corporate Institutions in Ghana

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    Real estate is a delicate item for most corporations as it account for about 35% of the total asset on their balance sheet. This notwithstanding, very little attention is paid to it by most corporations. Top management view real estate and facilities services as a cost centre, despite the immense ways it adds value to corporations. Corporate real estate management contributions are often submerged in that of the entire corporations’ and it is often very difficult to quantify its total added value.  This paper adopts the value adding model by Lindholm et al. (2006) to ascertain its value adding strategies in the Ghanaian context. The paper also identifies new value adding strategies of corporate real estate in view of the dynamic business world.  Using convenience sampling, two corporations were selected for the study. The value adding model fits the study corporations, but for a few peculiarities. From the study cost reduction and increasing value of asset were the key strategies. Site selection, workplace design and the provision of the needed facilities are the major factors that influence marketing and sales, employee satisfaction and productivity. Increasing innovations was the least value adding strategy. Space rationalization and the use of a sound data base as value adding   strategies were peculiar findings not indicated by the model. The neglect of the real estate department in strategic corporate planning is a drawback to its value adding strategies. The study suggests that real estate must not be treated as a residual function. Real estate value adding strategies must also be linked to corporate strategy. Keywords - Corporate Real Estate Management, Value Adding, Strategy, Ghana

    "When someone becomes old then every part of the body too becomes old": Experiences of living with dementia in Kintampo, rural Ghana.

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    Studies have suggested that in African countries, symptoms of cognitive decline are commonly seen as part of "normal ageing" or attributed to supernatural causes. The impact of folk beliefs about causality upon help-seeking is unclear. Likewise, there is a lack of evidence relating to how families cope with living with an older resident with dementia. Our study's aim was to explore the sociocultural beliefs, understandings, perceptions and behaviours relating to living with dementia in Kintampo, Ghana. We conducted in-depth interviews with a total of 28 people, using a series of case studies among 10 older people living with dementia and their families. Results revealed that symptoms of cognitive impairment were generally linked to inexorable bodily decline understood to be characteristic of "normal" ageing. Stigma was therefore perceived to be non-existent. Whilst managing the costs of care was often a challenge, care-giving was largely accepted as a filial duty, commonly shared among female residents of large compound households. Families experimented with biomedical and traditional medicine for chronic conditions they perceived to be treatable. Our findings suggest that whilst families offer a holistic approach to the needs of older people living with chronic conditions including dementia, health and social policies offer inadequate scaffolding to support this work. In the future, it will be important to develop policy frameworks that acknowledge the continued social and economic potential of older people and strengthen the existing approach of families, optimising the management of non-communicable diseases within primary care
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