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Prabhakar Jadhav, India
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Change Management in the Realty Industry
How would you initiate change [management] in the construction industry which generally does not have strategic plans, there are delays in every activity and cost overruns are a way of life.
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Joseph Cole, Canada
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Change Management in Real Estate Your question is very provocative Prabhakar, and as I respond more thoughts enter my mind. Allow me to suggest that changing the 'industry' is too broad a mandate. After all your question defaults to a common belief and cultural mindset... 'cost overruns are a way of life'.
The first question I have is ...Do you have a sponser who is willing to invest in making changes? Consider the Beckhard Change Equation as a starting point. Then find a champion, perhaps a government agent, or near-leading company wishing to be a champion, and build from there.
After all -- there is no greater inducement to change than competitors who see what is working for someone else, and they want to emulate it. Good luck.
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R Hallagan, United States
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Change Management in the Realty Industry It depends on what the change agenda is (I assume they have a plan for that).
If it is to eliminate the constant delays and cost overruns, then you need start at the end of a project with the end result you desire, and then work backwards without those things. You will need to think outside the box to get around obstacles without spending a lot of money.
It would be useful to start with recent projects as you can see how you will begin to see how the job would have had to be done differently.
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