Forever Forward - Facilities Management, Asset Operations, Maintenance and Beyond!

Having found the "true" purpose of doing what i do, i find it often disturbing when i hear #FacilityManagement leaders or professionals get into this People Vs Process Dilemma. This is a False Dichotomy. 

People who follow the processes are usually not the ones who have designed it or had any kind of say in designing the same. As the industry starts to thrive on digital transformation this False Dichotomy is set to only get bigger and needs a change in status quo and a perspective shift.

How can we bring that change? I cover all this and more in the episode. 

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Resistance to change is the opposition to altered circumstances or modification of the status quo. FM leaders driving an inclusive transformation have to overcome a lot of forces which tend to create an inertia (if not oppose) along the entire Digital Transformation journey.

Once FM companies and teams can achieve critical momentum, have a significant part of the organisation aligned, they would be closed to achieving the escape velocity. Once they cross it there is no going back to the "Business as usual" scenario.

How many Facility Management companies globally have achieved the escape velocity?

Facility Management sector has seen a host of changes over the last 18-24 months, surprisingly enough leading Facility Management companies and leaders are still waiting for a Red Carpet Invitation to initiate transformation, from digital to one that spans across the entire business!

Why is that so?

In this episode i connect the dots, draw inspiration from numerous conversations i have with FM leaders and try to find the common reasons why leading FM companies and the leaders running those organisations fail to make faster decisions.

In the previous episode, i spoke about the ways in which emerging FM companies can outdo incumbent players. This episode is all about helping the incumbent companies and their leaders to do some soul searching!

Average life span of S&P 500 companies has gone down to almost 17 years and in the last 15 years, 52% of the S&P 500 companies have vanished!

We are going to the same in the Facility Management landscape, some of the Top companies will not retain their spots in next 3-5 years. How can emerging companies aim to take that spot? 

Ideally they should have started yesterday, but there is still some time to get things right. In this podcast i talk about 4 key action items that should be on the top of the mind for every FM #CXO.

Leave your comments or thoughts on this episode. Will help in delivering better and genuine content around topics that matter most for FM companies but gets seldom spoken about. 

P.S: You might want to explore another episode which talks about how FM companies can set up differentiated Value Proposition Canvas. Click here to head to the episode.

There is no denying that the movement on Net Zero Buildings and Net Zero Carbon as a whole is almost irreversible. In this episode we explore the connect between Net Zero Buildings and the O&M WorkForce connect, especially from the Facilities Management perspective.

Do #FacilityManagement companies need to up the ante on investments and intent on innovation, use of technology? 200% Yes.

But the real question is HOW? Can they think outside the box or perhaps get rid of the box itself?

Intersection of external triggering points such as Climate Change, Sustainability and the overall cost reduction pressure looming around Real Estate, means that Facilities Management companies need to look at how they can really become 'data driven". Air Handling Units are the best place to get started!

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Lot of FM companies are rather late to start on their Innovation journey, not only they need to catch up fast but also avoid some of the common mistakes that others have made along the way.

How can they de-risk their innovation strategy?