The Effect of HK-Beam Management and Proper Environmental Conservation in Real Estates - Case Study Example

THE EFFECT OF GOOD MANAGEMENTAND PROPER ENVIRONMENTAL CONSERVATION By [Your Name] Presented to the In Partial Fulfillment of the Requirements for the [Your college] [Date] The effect of HK-BEAM management and proper environmental conservation in real estates Introductio The HK-BEAM in an organization that sets building and environmental standards in Hong Kong city. It encourages environmental conservation and maintenance of the green nature in the city especially when coming up with real estate structure, the HK-BEAM controls and instructs on the kind of building which is supposed to be raised thus attaining the best standard buildings within the city.HK-BEAM Management is very vital in building company or any organization that wants to engage in any construction; it is not easy to run building a companies in Hong Kong without proper management skills from HK-BEAM. It may be in terms office building management, firm management and even estates owned by individuals or companies. Many leaders fail to administer proper building management standards in an organization and thus they end up coming up with poor structures and improper layout of vegetation and buildings. The management fail to attend their building and management expenses in time and thus leave the expenses to accumulate to an extend of being unable to meet these amount during the payment hence making the company be unable to run by itself and thus borrow money over and over and finally the company may end up running bankrupt . This paper is going to expand more on the impact or the effect of HK-BEAM management and proper environmental conservation in a real estate. Good management in an organization is very vital. It boosts smooth movement of activities and thus gains the expected goal as far as the management is concerned, for instance in Hong Kong the HK-BEAM offers standards that buildings should follow when any construction is taking place especially in real estates. There should be skilled labor employed to run all the activities taking place in the company as far as building an conservation is concerned. This is to avoid loss or unsatisfying results that may occur due to lack of skills. This may be the management lacking proper skills to run the organization or the company in terms of handling building and contractors bills and some other very important factors in the organization. In this business of running modern housing business real estate needs special standards to be set in terms of environmental conservation and building standards just like the HK-BEAM standards in Hong Kong city where by all this factors are observed. It first of all needs a proper examination; this is to know the amount of money currently running the business in terms of how bills are paid, like for instance water bills, electricity bills, salary the insurance bills and many more other expenses. Before any other amendment takes place, we should be able to know the cash flow that is in terms of the kind of activities that that are expected to take place in the real estate to generate profit (Tony Wild . 2007). We will be able to know also, whether the amount of money generated as a profit is it, the exact amount of money that the company is truly making or the company should be able to make more of this amount of money annually. Another thing that is vital is that we should be able to know whether there is any form of corruption that is taking place in the company that may tend to bring down the profit of the company as far as the investment in terms building is concerned. In this case the corruption may be in terms of submitting the company’s bills, that is maybe the company management is overdoing the payment of bill thus for an individual benefits and yet still the results received in the standard that is expected of the buildings in the real estate is not achieved. After conducting this auditing and check on the movement of the figures in the company. Then new step should be taken to and check know whether it is possible to employ another new management team in the company so as to enhance sustainable production or if not the whole management to be touched in this issue it should be known if there are some individuals who may be suspected of corruption that is bringing the company’s progress to a standstill position and thus they get discontinued and replace their position with perfect and faithful workers so as to improve the quality of production thus attract more people to the investment. After the auditing a lot of changes are expected to take place, apart from the management being audited and finally the top management have been maintained or replaced, there should be a concern about the bills and also modernization. That is to know whether there are some changes that should take place when paying the bills, that maybe in terms of delay or the mode used to pay the bill is not the best. Suggestion about engaging into new and modern technology is also an aspect here, may be the kind of technology running the organization is an old model style that keeps on delaying the profits that are supposed to be made by the company for instance the standards which are used in building or making up the estate set up. This should be immediately be looked into and the firm management to look into how the machines should be allocated in the firm. For instance in a real estate kind of business we have the CC TV cameras checking on the security matters, and in some cases maybe this is the major cause that is affecting new tenants from renting the houses in this premises because they may be fearing for their security for their security matters. Therefore, the company realizing this it is supposed to put the installation of the CC TV cameras in order to boost the estate’s security, and then the management should put into consideration and start planning on the financial allocation that is supposed to be engaged for that new project. The HK-BEAM shows the consideration of such kind of important factors that should be put forward as far as the welfare of the estate is concerned. In the HK-BEAM standard, there is flexibility in receiving new technology and enhancing the modern technology. A real estate is a collection of modern houses that needs good tactics to run the business since it involves good hygiene set up and proper layout that may tend to attract more customers and maintain the present customers in the premises( Minnie Lush .2003). The compound should be kept clean and tidy, well arranged in terms of plantation and good maintenance of vegetation. The presence of some other more important things in the this kind of business should be ever present, that is if there is a failure of such kind of things in the estate, the business maybe at a danger of losing its customers, this important factors include water, electricity and security (Gaylon E. Greer, ‎Phillip T. Kolbe .2003). In case of water failure, there should be a back up to support the presence of water in the estate; this is in terms of storing a huge amount of water in tanks just to cater for emergency cases alongside the piped water. Apart from the stored tank water, also the management can have another means of having a back up source of water, that is done by digging bore holes. In all this, cases there are expenses incurred by the firm. In the case of settling water bill, it is very important for the management to ensure that the supply of water is not cut from the estate because of paying delays or completely failing to pay. In some cases the other water supplying companies are very strict and if you fail to pay the water bill in time the charges go up and you are fined for the delay for instance; Water bill illustration (a) Last payment date Last payment Deposite held Dispute amount Installation amount 01/3/2014 $ 20.0 $ 0.00 $14.00 $0.00 This section of water bill show shows that the company has got outstanding charges of $ 14.0 accruing from the previous month. The company is therefore held accountable for delaying the payment thus violating the rule of the water company; this is shown in the illustration below; Water bill illustration (b) Date Outstanding amount Fine chargers in percent Total Final date of payment 2/3/2014 $ 14.0 $ 10% $ 1.4 24/4/2014 Therefore, the company should make sure that it pays its bills in time so that to avoid some other unnecessary bills which may be incurred and thus save on finance an boost the income profit. This will enable the company to have sustainability in its production in terms of services offered. Another vital thing that the company or the management of the estate is supposed to handle keenly is the supply of electricity within the estate without failure. This should be done in a manner that backups are set in order to make sure there is a full supply of electricity in the firm, this supply set can be in terms of generator or setting up energy solar panels which helps to run the estate with power in case of power failure. This is very important because there will be full power supply in the estate. Full bills regarding electricity bills should be settled. This is to avoid the power lighting companies from disconnecting power from the estate because of poor payments that are made to cater for the power bills. The power failure may cause the estate to be run at a higher cost in case the management may tend to use the power generators to run the power in the company. This is because it is very expensive running the company or the estate energy by using fuel in running the generators. Generators are supposed to be used only when there is an emergency in power failure. In some cases where by the management fails to submit the payments in time and thus make the payments to accumulate, they may be forced also to face hardship in completing the full amount to the power company thus they will be forced to pay more than they were supposed because of the delay. Below is an illustration showing how the electricity bills are settled Power bills incurred by the company illustration (c) Account number 83327-5432 Total amount due $ 50,ooo Auto on pay 26-8-14 Business postal number an the website Energy charges On-peak @ $ 90.0 91,00 units $ 81,1000 Off-peak @ $ 80 .0 20,000 units 1,600000 Demand charges On –peak @$ 77.0 200 KVA 15400 Off-peak @ 69.0 150 KVA Fuel clause Odd cents brought forward Odd cents carried forward TOTAL $ Pay bill NO Payment from 2-4-14 to 26-8-14 The amount of money paid due to late payment is 5% Deposited held reputable These chart shows the way the bills are being paid by a company, the power company has also indicated that for any payment delay there is some charges that someone is supposed to pay and that one goes for five percent. Is a clear indication of how the delay in payment may cause the expenses in the company to go up and therefore it is the responsibility of the management of the company to take a responsibility to pay for the bills in good time. Security is another aspect which is supposed to be looked into, people or tenants who are renting houses in the estate should be sure of their security; this is done by the management employing the security measures which make sure that the company is running safe. The management should engage a trusted security company to be keeping guard in the estate thus, they will be keeping checking on the people coming in the estate and people leaving. This includes also the checking of things that are carried in and bout of the estate, this is done just to make sure there is a proper security measure in the company. This will enhance stable sustainability of improved financial and management status. The technological security status is also part of the very important thing, the introduction of CC TV cameras improves the security very much and there is too much of assurance in terms of security as far as the stay of the tenants is concerned. This is also a kind of expense experience by the firm, and therefore there is an allocation of some amount of money that caters for that, the management should ensure that the security company that they have entrusted their facility on is reliable in terms of all security facilities. The charges also should be affordable so as to avoid the firm from incurring more expenses. The management should also pay the security dues in time so that to avoid any security interference which may occur because of late submission of the payment. Below is a chat showing the illustration about the rates; Security chat illustration (e) Security post per unit Monthly subscription Total $ Gate security Compound and building guards CC TV camera controllers $ 800 $ 700 $ 1000 800 700 1000 Total $ 2500 2500 For any delay that may occur in payment the security has delay charges that may be reflected due to delay in submit ion of the of the payment. Therefore, the management should ensure that it submits the payment in good time. There should be a skilled vegetation layout, this can only be achieved by employing skilled labor as far as creating a good and capture ring environment is concerned. Many companies fail to reach their targets or goals since because they don’t concentrate on skills that are employed while building up a dream foundation (Reed F. Noss .2000). This is because the management may have not taken a enough time to concentrate on the choice of labor that the they wanted to employ thus ending up bringing results which are not up to standard. When choosing the way to put the layout standard there should be consideration of making the environment look suitable for the peaceful settlement to take place in the estate. There should be proper conservation of trees and vegetation of all kind within the compound of the estate. Cutting of trees within the compound should be avoided completely, and if done it should be done with a replacement and that should be when it is truly necessary. This should be done because the vegetation help to bring a good picture in the compound and as well scientifically vegetation help to keep the environment fresh. Apart from maintaining, the vegetation there should not be any pollution allowed within the compound that is in terms of air, water or even sound pollution. The environment should remain cool at all cost. Heavy machinery making noise should be prohibited completely. This is to enhance a conducive residential area. In this kind of an environment someone can settle and be able to concentrate in his or her own things. Unlike in a compound or environment where by there is noise and no control about it, many tenants who may want to rent a house within a real estate they usually major on cool environment and therefore there should be a control in the environment condition The management should make sure that there that there is a good network between the workers, this is always done in order to have good picture of the full company as it is running. There should be a proper connection between the lowered management of the company and the top management In the company. That is the junior or the subordinate staff should be able to relate well with the top management, this is done by the way the work is running in the organization. Most of the time the work that is performed on the ground in an organization is being handled by the junior and the subordinate staff who practically handle the work. The top management has just a role to make a follow up and see whether the work done is done up to the standard. In addition, if the manager is not well skilled he may end up a proving work that is not up to standard. Some of the top managers fail to make a right follow up through the work done by the junior staff; this is because you find that most of them are not well conversant with the job that is going on. The junior staff if they happen to realize that mistake from the top management they may end up taking advantage and thus produce work that is not up to standard. Therefore, before choosing the office that is going to run the management of the real estate and the rest of the business that is held under the same docket, it is very important to keenly choose the workers who are employed. Another thing to consider when choosing the top management workers, you should make sure that this management being given the office is socially upright in the manner that the hospitality and the handle of customers within an organization is of high level. This kind of business where by you are handling customers from different kind of background is always very sensitive in the sense that there are other competitors in the market who are offering the same kind of business as you do and therefore the social nature is a very important factor to consider when choosing the top management workers. They should be people who are able to relate well, with the rest of the staff members and be able to relate with the customers, this, is always done in order to maintain good customer relation. They should also be able to maintain good public relation, that is the top management and the junior workers should have a good relationship between themselves, this is always very important because for the perfect job to be archived as it was planned it depends on the relationship between the worker. If the relationship is ill there is a tendency of not getting the exact results that was expected. For instance if the environmental designer is under instruction from the top management and this overall or top management are not well skilled about the layout designing and it gets to happen that the relationship between the top management and the designer is bad, there is a tendency of getting the results which are not up to standard. Therefore, the relationship between the lower and the top management staff is very important. The layout of a company in terms of environmental structure is a very important aspect. The nature takes a very important role in attracting and bringing people on a common ground, for a real estate business, it will look beautiful or ugly depending on the kind of layout that is given by the responsible management (Gaylon Greer, ‎Phillip Kolbe, 2003). The skills used in arranging and choosing the right vegetation to be grown around the estate depends on the skills and experience the designer has in bringing out the expected picture. Some designers may choose to use only three kind of vegetation to bring out the alleged layout and some do prefer to do a mixture of various vegetation in order to be able to bring out the beauty that is expected. many designer usually consider the kind of nature that is found around and the kind of buildings or business which is being set in that area. There are some other more major things to consider when coming up with such kind of business, the Hong Kong city under the management and building standards set by HK-BEAM, they have put sanitation of the city as one of the most important factor, and that is through ensure ring that water is fully supplied without a failure and if there is a failure there should be a back. That is according to HK-BEAM building and conservation standards are concerned ; the kind of customers you are expecting to be using the premises is one of the major considerations. This will enable you to able to determine the likes of the frequent customers, this will influence the kind of design that the management will require to be done in that area. That is in terms of housing, nature and the furniture,, the buildings or structures being raised should done in the right design of real estate, this is vital because it helps the owner and the management to know the kind clients or customer they are handling and more especially how they perfectly fit into the system that is being raised. The furniture also should be another major consideration that is the designing of the furniture should be of modern level and made to fit. Therefore, this is the work of the top management to choose the right workers who has the experience about the work that is expected to be laid down in terms environmental and the furniture design. For the organization to archive the goal that is set ahead of them, the management should be able to allocate good time span for the work to be done( Ann. 2009). Time is a very important factor to consider when handling such kind of matters this because without time limit, the project may tend to lose the direction of the dream that the owner may be tending to archive. Failure to take time as an important factor when handling this matter, it may tend to be very expensive and as well interfere with the target. The target should be set with regard of time. Many companies miss the target because they fail to allocate time into their new projects that they are raising up. The management should be able to manage the speed of their workers and know after how long they are expecting to reach the targeted results. By doing this the aimed target of sustainability in the can be easily achieved Conclusion For any organization to make it in terms of sustainability, there, and gain profits there should be a proper way of running its employees in terms of the position that they are holding. There should be a good care of the environment. The management should ensure that the auditing exercise is done occasionally to avoid any individual mistake that may take place due to unfaithfulness and corruption by the organization considering all this factors there is a high tendency of reaching the target of the firm as it had been put. Reference List Ann. 2009. Is Going Global an Economic Imperative for U.S Companies. IT Business Edge All, Asish Ghosh.2003.natural recourse and conservation of environment Reed F. Noss .2000. Ecological integrity Professor Domènec Melé .2011. placing the ethics at the core of goo management Tony Wild . 2007. Practice in inventory management Minnie Lush .2003. California real estate Gaylon E. Greer, ‎Phillip T. Kolbe .2003. Analysis for real estate decision REAL ESTATE INVESTMENT POSTER Read More