The breakdowns of key drivers outlined in Las Vegas today by the Executive Leaders Council are helping shape CoreNet Global's reseach agenda for the coming year.
For example, customer needs that have emerged in the current timeframe will likely shape CRE modelling for some time to come. These include efficiency and less waste while still promoting effectiveness, as well as flexibility options to make companies more adaptive to change and help with speed to market.
Interestingly, a redefinition of luxury is one of the more compelling changes linked to the area of internal customer needs. It's all about a demographically-driven shift to preferences for technology and sustainability away from traditional amenities, Google's David Radcliff offered.
INTERNAL INFLUENCES
Not rank-ordered
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Efficiency with effectiveness
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Well coordinated service delivery
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Workplace solutions
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Cost pressures with capital constraints
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Triple Bottom Line reporting
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Environmental and social sustainability
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Flexibility, speed to market and innovation
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Velocity of business cycles
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Evolving organizational structures and business models
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Procurement
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Risk management
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Best practices transfer
EXTERNAL INFLUENCES
Not rank-ordered
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Demographics
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Globalization of the economy
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Talent
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Informed consumerism and advocacy
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Wall Street
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Capital and credit markets
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Environmental and social sustainability
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Innovation and speed to market
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Government regulation
Leading technology drivers have become and will remain social media, broadband ubiquity, cloud computing and cognitive devices.
With projections, there are always uncertainties. From the standpoint of the visioning session's participants, the big ones to look out for are geo-politics, capital markets and risk management. There are many forces implied within each, and like everything outlined in this interactive session, the ability of the CRE executive to understand and grasp their convergence is critical.