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Architect’s Guide to Market Opportunities: Capitalizing on Industry Trends
According to a 2023 Architectural Services Industry Report by Benchmark International, the global architectural services market is set to grow steadily at a “4.8% compound annual growth rate (CAGR) through 2030″. “The architectural services industry comprises various companies that design and plan buildings and structures spanning residential, institutional, leisure, commercial, and industrial spaces. Key areas…
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Sustainability; A social goal for long-term coexistence on Earth
Designing for thriving communities: Sustainability in the built environment is the practice of designing, constructing, and operating buildings and urban spaces in a manner that meets current needs without compromising the ability of future generations to meet their own needs. This holistic approach focuses on environmental, economic, and social dimensions to create resilient, equitable, and…
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Navigating Change; Monitoring and Evaluation
Monitoring and evaluation are crucial for the successful transition of a boutique architecture firm to a new business model. This involves tracking performance, gathering feedback, and making iterative adjustments to ensure the business model remains effective and aligned with strategic goals. Continuous monitoring and evaluation are essential for sustaining the benefits of the change and…
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Navigating Change; Implementation Planning
Designing a new business model is only part of the process. Implementing it effectively is crucial for realizing the intended benefits. This involves developing a detailed action plan, managing change, and addressing potential risks. Successful implementation requires careful planning, resource allocation, and continuous stakeholder engagement.
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Navigating Change; Designing Your New Business Model
Part 4 of 6 – recommended pre-requisite posts Part 1; Evolving Your Boutique Architecture Practice Part 2; Assessing the Current Status Part 3: Setting Strategic Goals With strategic goals in place, the next step is to design a new business model that aligns with these goals. This involves rethinking the value proposition, revenue streams, cost…
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Navigating Change; Setting Your Strategic Goals
Using the SMART criteria (Specific, Measurable, Achievable, Relevant, Time-bound) is effective and widely used for goal setting. However there are several other, innovative approaches gaining traction such as; PACT, OKRs, FAST, HARD, V2MOM, and BHAGs. These alternatives provide diverse methodologies to enhance agility, engagement, and visionary leadership.
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Business Strategy Emerging Trends 2024
Beyond Mission, Vision, Goals! While the core principles of building a strong business – vision, mission, goals, culture, and values – remain crucial, the approach needs a refresh. What is your company’s Purpose? The traditional mission statement, which articulates a company’s primary objectives and activities, is being augmented or even replaced by a broader concept: purpose. Purpose goes…
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Navigating Change; Assessing the Current Status
Having a clear understanding of the current status of a business involves a thorough analysis of the existing business model, operational processes, resources, and market positioning. This assessment guide will serve as a baseline from which to plan and implement changes.
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A Viable CSR Business Strategy; Pro-bono in Architecture
What Does Your CSR Look Like? Is pro-bono work a feasible and beneficial component of your firm’s CSR strategy? Can it support sustainable design and construction? Architecture is fundamentally about social responsibility and accountability. The enduring nature of buildings and their far-reaching impact on humanity and the environment demand a holistic consideration of all aspects, even…
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7 Key Trends in Sustainable Architecture
Build Your Competitive Edge in 2024. “In the lineup of climate villains, architecture towers above many” – New York Times In a world where buildings consume nearly 40% of global energy and produce approximately one-third of greenhouse gas emissions, it’s clear that architects hold the key to unlocking a more sustainable future. This is according to…