Stock illustration: Rising cost of office buildings. Credit: nespix/Adobe Stock.

Organizations in almost every industry sector around the globe are changing how they operate in reaction to shifting capabilities, technologies, and customer and employee preferences. One way in which these changes are affecting business models and strategies is that many companies have realized they can function effectively in a virtual or semi-virtual environment. That discovery has put pressure on the C-suite, including CFOs, to reassess their real estate needs in the name of managing capital allocation and enabling a modern business model.

Although some companies continue to maintain or even expand their real estate footprint, other organizations have shifted from a "being in the office live" business model to a virtual environment that relies on Web-based tools for real-time communication and execution of day-to-day tasks. Even some companies that historically relied primarily on brick-and-mortar real estate for selling and marketing their services are now pivoting to conduct many core business activities online, within virtual marketplaces.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.