RICS is a global professional body representing 140,000 members in 146 countries working across the built and natural environments. A key challenge for the organisation is to anticipate and respond to sectoral change so that it can provide leadership that is focused and market relevant.
We were asked to help them identify what, from an external perspective, were likely to be the main areas of strategic opportunity and risk for the profession over the next 5 years. We were also asked to help them think through how these change drivers should inform their vison, strategy and business plan.
There were three components to this work:
- An external report which documented sectoral change based on extensive dialogue with industry leaders across the C-suite.
- Facilitation of internal and external workshops and strategy sessions with RICS stakeholders to test thinking and build consensus around the research we undertook.
- A presentation to their governing Council, based on this research, which set out a number of observations and recommendations to enable the organisation to develop its strategy to be resilient enough to deal with the change we documented.
For example, it was clear from our research that the speed of technological change across the built and natural environments was going to require a more tailored approach to continuous professional development with stage gates at different career points. We helped RICS think through the operational implications of this finding so that it could develop its training model.
The Report was published at the beginning of 2020 and the recommendations we put to their Council were used to inform their current 5-year plan.
https://www.rics.org/globalassets/rics-website/media/news/news--opinion/rics-future-report-2.pdf