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Research Outline
Prepared for Carter B. | Delivered September 27, 2019
C-Suite Executives and Site Location
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Goals
To determine key motivations and barriers for C-suite executives in choosing a location to relocate or expand their company or business.
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Early Findings
Key factors
chief executives are considering when selecting sites were noted to include globalization,
shortage or availability of specialized labor, environmental regulations, and location proximity to customers and suppliers.
However,
it was also noted
that when determining a location, companies may consider up to 40 key factors
State incentives
and how these are deployed tends to be a key factor as well, and companies in various sectors may be drawn to tax incentives that reward companies that select sites that lead to job creation, employee training, or other community benefits.
It is also noted that there are often
industry specific criteria
when an executive and company select a site.
For example,
while a data center might be focused on the cost of electrical demands, and having multiple utility carriers to choose from, an auto part manufacturer might be more interested in proximity to OEM facilities. Many companies may choose based on
major shipping hubs and transportation
as well.
One source notes
the “3 Cs of successful site selection” which are company, culture, and community.
Specifically
Companies who link up their company culture with the “
soul of
a company’s surrounding community” will be more successful. For example, executives are more often choosing communities that align with their company purpose- such as
VF Corporation’s sustainability mission
being supported by Denver’s green-oriented culture. Selecting sites in places that match a company’s culture are often thought to be key to these companies prospering.
Similarly, it’s also noted that business executives may scope out
the political climate
of a location to see if it lines up with their values, and whether political decisions will help or hinder company operations.
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