Change Management in the Realty Industry

      
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		            		Prabhakar Jadhav, India
			            
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
Consultant, Canada
												
				                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
Management Consultant, United States
												
				                Change Management in the Realty Industry

													It depends on what the change agenda is (I assume they have a plan for that).
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