Agility and the re-start of succession planning
The M&A holy trinity: acquisition, consolidation, integration may continue into 2020. Firms getting their plans in place before the downturn inevitably kicks in. In 2020, two themes to watch out for are cultural agility and the return of succession planning.
Agile leadership, adaptive performance and proactively thinking about technological disruption, change and innovation have all entered the executive and management consultancy lexicon in real estate. Look out for the firms that relish change and can articulate what is changing, why and what they are doing about it.
Post integration, we expect to see increased activity involving the upgrading of teams through targeted and critical hiring plans. Importantly, we believe succession planning, a big theme of 2018, will re-surge in 2020 as firms prioritise next-generation leadership. Firms that embed agility and do not shy away from the big leadership questions will be better positioned to be winners. In a year of continued M&A activity, it is the cultural issues, mainly revolving around coping with change, that will most clearly separate the winners from the losers. Recruitment strategies.