CoreNet Global yesterday announced the finalists of its annual H. Bruce Russell Global Innovator's Award recognizing some of the world's most respected companies.
One of CoreNet Global's main focuses is to promote industry learning and best practices sharing among its 7,500 members. The Global Innovator's Award has resulted in powerful, shared learning that demonstrates the best of what CoreNet Global can offer its members, and the most innovative practices in corporate real estate. The award was renamed this year in honor of the founder of CoreNet Global Learning, H. Bruce Russell.
Of the 43 entries, 10 finalists have been selected to present their innovations before a panel of senior corporate real estate professionals and leading academics at Harvard University, August 3 and 4. CoreNet Global will announce the winners at its Las Vegas Global Summit, October 23-26, and a number of finalists are expected to present their innovations in Global Summit workshops, allowing attendees to have a more detailed look at the wide range of innovative practices emerging from the program.
"For the eighth consecutive year, CoreNet Global is able to showcase solutions, best practices and innovations in corporate real estate and workplace management through the H. Bruce Russell Global Innovators Award. This year is no exception, these companies demonstrate the best of the best," said Richard Kadzis, CoreNet Global's director of media relations and senior contributing editor to Leader magazine.
CoreNet Global's Global Innovator's Award 2005 Finalists are (listed in alphabetical order per category):
Category 1 Innovations by Corporate Real Estate End Users
Cisco Systems Cisco Connected Workplace
Cisco built a work environment based not on titles, but rather on the needs of employees (both as groups and as individuals), by giving all employees a broad choice of workspaces, services and technology tools to do their jobs through a "connected workplace" driven by wireless and IP Communications. By leveraging technology and changes in how work is done, results included reduced costs, improved satisfaction and improved productivity.
Harvard University Best Value Procurement system
A decentralized structure created problems for managing the school's large capital program. The problems often centered on uneven vendor performance. Through its Performance Information Procurement System (PIPS), the university fostered a 'win-win' environment based on performance and competition among vendors. PIPS also features an information-rich, free market system for bidding along with vendor quality control, a contractor performance database and reduced risk of cost overruns.
Key Corp./Johnson Controls Corporate Campus Green Certification pilot program
KeyCorp's 750,000-square-foot Tiedeman, OH, office campus is officially certified by the USGBC and met new LEED-EB pilot program criteria. Results include: reduced cost streams associated with building operations; reduced environmental impacts; healthier and more productive employee workspaces; the commitment to maintain and improve their improved building performance over time; an established best practice of "green" principles leveraged by many of the KeyBank retail banking branches in the US.
Royal Bank of Scotland 'Innovation Is Our Currency' embedded culture
RBS, a GIA finalist last year, continues its journey toward embedding a culture of innovation against a fast-growth scenario where profits rose 15% last year. The initiative is comprehensive, spanning 8 key areas of work and focus: Front of House; Supplier Engagement; Workplace; Academic Partnership; Innovation Culture; Process Improvement; Sustainability; and Technology. The initiative is carried out by the RBS Group Workplace Operations unit.
Sprint Enterprise Location Optimization (ELO) program
Sprint Enterprise Property Solutions (EPS) introduced ELO as an integrated location strategy and portfolio rationalization tool. It links all asset classes