– The purpose of this paper is to examine innovation in the context of property and asset management (PAM) and define a clear interpretation of the term that can be applied generally. Second to propose an organisational framework in which stakeholders in PAM can behave more innovatively.
– The paper takes the form of a literature review and application of third party research.
– There is a clear need for stakeholders to behave innovatively. Innovation is primarily cultural and is disruptive by design which is uncomfortable for a mature industry like PAM.
– This is an examination of existing literature and research. It sets up a need for empirical research on the behaviour of PAM stakeholders.
– PAM stakeholders need to change their culture to enable innovation to flourish.
– There is little published research on PAM.
