A recent McKinsey article suggests that over the past twenty years, academic insight and real-world experience have demonstrated that when companies channel their competitive and collaborative instincts, embrace diversity, and recognize the needs and emotions of their team members, they can reap dividends in performance.
According to the Harvard Business Review, change management has been a recognized discipline for over half a century. Yet, despite the unbelievable investment companies have made in tools and training, most studies show that 60-70% of organizational change projects fail —and this failure rate has gone unchanged for decades. The saying failure is not an option as you can see is not working here.
If you’re a regular reader, you know that I like to help empower the commercial real estate community with all things technology —I love to share what I’m learning, what I’m using, and what I’m hearing. Almost to a fault.
This excerpt from a recent NewCo article really struck a chord with me. It said — “A job is just the beginning. To win talent, companies must compete on purpose, authenticity, and with a message that resonates. Millennials are now the largest force in the global economy, and they have a markedly different view of work: purpose and “making a difference in the world” are central in their work-related decisions.”
The unbelievable speed at which technology is infiltrating our daily lives has created an era where customers are empowered. They can browse and purchase what they want, where they want, whenever they want. We are so much more demanding now that we have a voice that can travel through social media and make an impact on product and services. In fact, today’s consumers expect companies to quickly innovate in accordance with their changing preferences, as a new study by Salesforce suggests that 70% of consumers agree that technology has made it easier than ever to take their business elsewhere.
A recent TechCrunch article suggests that if businesses don’t pay attention to the growing AI trend, they’ll find themselves playing catch-up for years. I couldn’t agree more! We are at a “tipping point” —as Malcolm Gladwell wrote so elegantly in his bestselling book. A timely and great read for where we stand in the evolution of our industry.
In 2006, Google hired Stacy Sullivan as Chief Culture Officer, and the C-Suite was changed forever. Okay … that might be a bit dramatic, but bringing someone into the C-Suite whose sole duty was to keep a watchful eye on culture was revolutionary at the time. They were disruptors. They knew that not only was technology changing at the speed of light, but people were to.
Doesn’t it seem like we’re always talking about Millennials? If you had any doubt —we should be. They’re impacting everything from the workplace to grocery shopping … I’ve even made a proclamation not to use the “M” word any more because, frankly, I’m sick and tired of hearing the word. That’s how important they are.
In any company, the C-Suite often has high hopes for data and analytics integration —as it’s just good strategy and can have a positive impact on revenues, margins and efficiency. But, a recent McKinsey Global survey suggests that the involvement and buy-in by senior executive leadership is more crucial to the success of these programs than one might think.
You know marketing is a key driver of success for your business in commercial real estate, but do you know how to measure it?If you haven’t figured out how to quantify your marketing efforts, you are at a massive disadvantage.
The emergence of Pokemon Go has drawn a lot of attention to the potential of augmented reality and other technologies that seem to blend the real and virtual worlds. These ideas have been floating around for a while, but it looks like practical uses are being found that will have an impact on all of us, beyond gaming. And they take the market by storm. I was out to dinner with my daughters and when we left the restaurant they started chasing the Pokémon and it ended up that there were over 50 kids running around in virtual world. (Some not even looking for cars when crossing the street!)