by Adam L Stanley | Jul 2, 2015 | Technology
Real Estate Technology: Riding a wave of change
Kodak missed a tipping point and went bankrupt. Blockbuster Video fought the wrong enemy and went bankrupt. Taxi drivers, hotels, travel agencies, and so many other industries are now fighting less against themselves than against new entrants that actually seek to solve a problem, to fill a need, to change old norms. Perhaps more so than most of these industries, the commercial real estate industry has been slow to both recognize and embrace change. I am convinced messenger service companies remain in business solely because the CRE industry continues to mistrust the transmittal of critical documents to anyone or anything not human!
But that is changing, and it is changing fast. The next big thing for our industry, if we are not careful, will happen without the industry’s current players. And the industry is finally waking up. The influx of tech-dependent Millennials into the workforce, combined with increasing pressure to streamline communication and access to information, has made inroads into the business practices of even old-school brokers and traditional owners and investors. They have begun to recognize the importance of innovation beyond just the in-house research listings database and better presentation tools to both new business development and current client service.
As a result, attention (and, therefore, funds) devoted to technology for commercial real estate have skyrocketed. Company-sponsored competitions between internal groups complement existing IT resources in the quest for innovative ideas, while former real estate professionals, now tech innovators, are filling known informational and service gaps with external all-in-one marketing, database or analytics platforms, digital mapping and other architectural applications, and automated building management systems. Beyond that, we are finding more players from outside of the industry finding ways their tools and technology solutions can meet our needs. And much of the activity is being driven by incubators and accelerators like 1871 in Chicago, MetaProp in New York, and new players like Motives in Dallas.
I use this space to talk about leadership and trends in technology. I will talk more specifically about real estate technology over the next few months and will likely have guest bloggers from a few startups as well.
Thanks for continuing to connect with me.
Other related blog posts:
Thinking Like Our Ancestors
Excerpt: At the end of the day, perhaps disruption is a lot more simple than we make it seem at these mega conferences like OpenWorld. Perhaps disruption is simply a relentless focus on consumers: your clients, employees and investors. Dream every night of how you can better meet their needs and there is no way you can NOT disrupt your industry. Perhaps the only way you will get left behind is if you leave your consumers behind. Perhaps disruption is simply about a return to the past.
Facebook, Snapchat, and the new new thing
Excerpt: The bottom line is I don’t necessarily believe the Facebook is in its final days. I do believe, however, the company must drastically rethink their strategy and consider alternatives for growth in the United States. If they truly believe that growth in other markets will counter dramatic drops in USA, I believe that is misguided. Other markets will eventually follow the same path of the United States. Younger users will leave; older users will join the platform at a much lower level of engagement; upstarts will create the next next big thing and advertisers will be tempted away.
Innovations Changing Our Industry
Excerpt: In the interview, I discuss the rapid pace of technological changes in commercial real estate; the use of virtual reality for viewing property; DTZ’s use of analytics to help clients make smarter decisions; as well as the future potential for drones and the Internet of Things.
Be Well. Lead On.
Adam
Adam L. Stanley Connections Blog
Technology. Leadership. Food. Life.
AdamLStanley.com
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by Adam L Stanley | Mar 3, 2014 | Leadership, Quotes and Inspiration, Relationships, Teamwork
A New Beginning
Every day is a new beginning. All of life provides opportunities for new beginnings. Whatever has gone wrong, or right, in your life, you can begin again.
Jonathan L. Huie
New beginnings can be nerve wrecking. You spend years building a team, finding the people you can trust to get things done and do so in a values based manner. You drive strategy and create value for shareholders. And you check off so many boxes, proudly getting to a point where you can finally rest and look at the great things you and the team created …. and then you move on to the next challenge.
YIKES!! So much for resting.
“Success is simple. Do what’s right, the right way, at the right time” Arnold H. Glasgow
If I’m honest with myself, I will admit that I will likely never get to truly resting until retirement (target TBD). The fact is, I love gnarly, complex, global challenges and am thankful I have found that in my new role.
Leaders at All Levels
I am incredibly excited about this new adventure and will enjoy getting to meet the new teams around the world. One concept I have constantly addressed that I expect will be highly relevant here is the fact that everyone in today’s technology organizations must be leaders. From time to time, everyone will be called on to make decisions, act independently, and respond to crises without time to go up the chain for days.
You can’t always wait for the guys at the top. Every manager at every level in the organization has an opportunity, big or small, to do something. Every manager’s got some sphere of autonomy. Don’t pass the buck up the line.
Bob Anderson
I blogged about this a while back with “Leaders at All Levels”
Chicago
I LOVE Chicago, the place I have called home for so many years. And I love having the opportunity to give back to the community in which I love. Living in London over the past two years was an amazing adventure, the opportunity to more deeply explore another great city, and to work with colleagues in other European cities. While my prior role required that I moved to London for a while, I am confident that the relationships I built in Chicago will continue to grow. And, of course, I hope to see many of my friends from London throughout the year. Visit!!
As Marilyn Monroe said, “A career is wonderful, but you can’t curl up with it on a cold night.” So I expect my friends to trek on over to see me from time to time, share a lager or a cup of coffee, and warm my heart with their presence!
Let’s Go
Two great quotes come to mind as I contemplate the week ahead and my new adventure:
“If your work is becoming uninteresting, so are you. Work is an inanimate thing and can be made lively and interesting only by injecting yourself into it. Your job is only as big as you are.” George C. Hubbs
“You can’t build a reputation on what you’re going to do.” Henry Ford
I’ve enjoyed my time to reflect on the good and bad aspects of my prior leadership role, and the opportunity to give back via non-profit and civic consulting. But it’s time to go back to corporate, tackle this new and exciting challenge, and meet a new batch of great people with whom I hope to build something great.
Adam Stanley
Adam L. Stanley Connections Blog
Technology. Leadership. Food. Life.
AdamLStanley.com
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This blog is a revision of a prior post.
by Adam L Stanley | Dec 18, 2013 | Life
When you carry out acts of kindness you get a wonderful feeling inside. It is as though something inside your body responds and says, yes, this is how I ought to feel.
Harold Kushner
Life is an echo. Karma is a …
Christmas is often the best time to see the true character of people. You see the good and the bad. You see those who find great joy in giving to family, to friends, and to those in need. You see those that seem to take joy mostly in receiving from family and friends. You see those that love unconditionally and show that love through physical and verbal manifestations of caring. And you see those that truly don’t seem to have an ounce of caring inside. Yes, the negative of Christmas is that sometimes it brings out the very worst in people or at least makes the bad that’s already inside much clearer. It highlights the negative like the bright lights on Michigan Ave in Chicago highlight the stores or the shiny garland and ornaments highlight Christmas trees.
Today, my soapbox message is a simple one and it is a message that has been delivered through centuries and ages. From spiritual leaders and deities, to actors, comedians, and politicians; and everyone in between. It is this: Doing good feels good. Loving feels good. Giving feels good. Supporting feels good. Commiserating feels good. Forgiving feels good. And, even better, in addition to feeling good you have the additional benefit that people return all of the above right back to you. Yes, absolutely true and proven time and time again is the Golden Rule that one does unto others as he or she wants done unto him; Do good. Feel good. Receive good.
This is the time to forgive. This is the time to perform a random act of kindness. This is the time to love. This is the time to understand and ask questions. To listen. It is not the time to hold grudges or seek revenge. It is not the time to be angry or jealous. It is not the time to fight over material things or hurt feelings.
I’m posting on #karma today on my facebook page, LinkedIn, Instagram, and twitter. If you follow me on all, you will see several thought provoking images. Confucius, Jesus Christ, Buddha and several other great thinkers and spiritual leaders all seemed to believe that what goes around comes around and it is better to do good thing to do ill.
Thanks for reading another soapbox rant. Smile. What are your thoughts on karma or The Golden Rule? Have you experienced personally or through someone else the results of bad Karma? Seen someone blessed beyond imagining after doing good and giving sacrificially? Share below please. As always, I would love to hear your thoughts.
Be well. Lead On.
Adam
Related Posts:
Who Am I?
Expectations of Leaders at all Levels
Khalil Gibran on Leadership
Lessons from Henry V
Adam Stanley
Adam L. Stanley Connections Blog
Technology. Leadership. Food. Life.
AdamLStanley.com
Follow me on Twitter | Connect with me on Linked In | “Like me on Facebook
by Adam L Stanley | May 28, 2013 | Life, Relationships
My soapbox: Aim for life connections
I met someone this afternoon with whom I truly felt an immediate connection. It was scheduled to be a “career conversation” but instead was an open introduction, over tea, and very casual. The conversation reminded me of a question someone asked me recently: “How can I get better at networking like you?” Those who truly know me realize just how much this question disturbs me. But to many, this would be considered flattery. I do not consider it so at all.
The fact is, I am not a networker. In fact, I detest networking.
Networking is to me a very clinical term, and reminds me of the technology of networking. I know that like various applications in a bank, I am connected to various people. Some linkages were planned and chosen carefully, others stepped in to a role that was by default in my network. Within a network, we depend on each other to work and do our part, and if one portion of the network is significantly damaged, the rest of the network is damaged. I know that to some extent, my success depends on others in the network being able to carry something from me and me in exchange carrying something back. Networking is a fact of corporate (and community) life. However …
I am not a circuit or a router. I am a human being.
When I am in my final minutes of life, perhaps I will think to myself, “If only I had made that one additional link that would have opened up my network to another dimension!” Of course not! I like people. (Of all types! Really! Click here for a blog I wrote on the topic, noting that yes, I even love jerks and *€$holes. I just don’t necessarily want to work with them.) In any corporate network, there must be someone that is necessary but not wanted. God, I never want to be that person.
I prefer to make life connections.
Life connections are not always about business. Some examples:
– Getting to know all of the bartenders at the Artesian Bar at the Langham Hotel in London. Learning how each came from their home countries of Italy, Russia, and elsewhere, to London and why they are so passionate about cocktails. Enjoying a laugh or two whilst enjoying a cocktail or three. Side bonus: I have been introduced to a popular chef/mixologist in my hometown of Chicago for when I return. Plus, the Artesian has become a great place I can bring clients, colleagues, and other connections.
– Building a relationship of trust with my vendor partners and colleagues whereby they share personal details of their lives with me and allow me into their world. Sharing a good meal and a great bottle of wine with no talk of contracts or issues. Side bonus: we find connections we did not know existed and ways in which we can help each other out in so many more ways that traditional sourcing relationships. And, as we move to different roles in different organizations, we can call on each other for advice and support.
– Introducing two people, not because I think they can help each other, but because I just think they are both just really really cool people. Watching them get to know each other and become friends. Side bonus: people have done the same to me, bringing some of the most wonderful people I currently know into my life.
– Having a cocktail party at my house with a mixture of people I have met through work, the neighborhood coffee shop, and other connection points. Looking around and seeing there are people from five different countries with incomes and careers as diverse as chalk and cheese. Witnessing how they all learn from each other: new recipes, fashion styles, tax policy changes, technologies, dating schemes, relationship tips…. Side bonus: Learning myself about all of the above!
Many people will classify the above as examples of networking, and perhaps they are. And, to be clear, I’m not necessarily against networking entirely. I just think it is critical people start with the right perspective. And be honest! If you really just want to meet me for what I can do for you, or who I can introduce, just come out and say it. At least you will save some time! But, I encourage you to take some time to get to know yourself better, enjoy meeting people just because, and see the amazing things that will come out of your connections forged by respect, trust, and integrity. It is amazing how much more one can get from a relationship when he leads from the heart and the mind.
Enough! Off the soapbox, here is some reading …
For those of you who REALLY want to get good at Networking, especially the shy ones, here is a decent CIO magazine article on the topic.
For those of you who like me want to learn how to be a better person and know that success that comes from good just feels better inside, there are a couple of good links for you. Yes, they are a bit kooky. And there will be some who succeed despite being downright bad people (I can name a few.) But, I choose to succeed, or fail, with my values intact. Here are a few links for you:
24 ways to be a better person
How to be a good person in 5 steps
And for those few out there (certainly not a regular reader of my rants) that are downright sinister and yet deep down feel they want to be good, there is even some help for you. I found this one both intriguing and humorous.
Thanks for reading another soapbox rant. I would love to hear what you think about networking and making life connections.
As always, I would love to hear your thoughts.
Be well. Lead On.
Adam
Related Posts:
Who Am I?
Expectations of Leaders at all Levels
Khalil Gibran on Leadership
Lessons from Henry V
Adam Stanley
Adam L. Stanley Connections Blog
Technology. Leadership. Food. Life.
AdamLStanley.com
Follow me on Twitter | Connect with me on Linked In | “Like” me on Facebook
by Adam L Stanley | Jan 28, 2013 | Leadership, Teamwork
Talent Matters.
How many of you have been in a conversation about forming a committee to work on ways to identify and develop strong talent? Have you been a part of such committees? I have had so many invites and questions about these activities over my career, it kind of becomes a bit annoying. It’s clearly not because I do not find the goal relevant. In fact, I think talent should be on the agenda and objectives of every leader at every level, every day, and in every organisation. That is the only way to be successful. Committees organized formally to focus on talent, regardless of intent, simply do not work without concerted action and interest from leaders with a true desire to manage and grow talent. And, worse, the experience for those on such committees can be downright disheartening if they feel they are part of an academic exercise that in the end does not matter. Talent matters!
I want each of my leaders to feel excited thinking about what they are doing for their teams. What opportunities are we finding for them to stretch and be rewarded? To train them and coach them. To sell them for career enhancing roles with peers and other teams (or even other firms) even if it means losing a critical resource in our world. Talent matters!
I view every top performer in my team as a future CIO, CTO, or executive. I LOVE being able to share stories of individuals who worked with me at some point and rose through the ranks to take on major leadership roles around the world. Love it! And I firmly believe that the only reason I have been successful (or recovered quickly from failures) is because I try desperately to hire strong, develop well, and appreciate greatly. Talent matters!!
Anyone that knows me recognises that I tend to hate governance and I disdain committees. I frown on talking and planning talent development “initiatives” unless I see the signs of true interest and passion. Because a committee or initiative without passion is …. sadly, like many many many leadership teams in the corporate world … just bureaucracy.
Just my soapbox for the week. Thanks for listening. And, one more time, as I hope you’ll agree … Talent Matters!!
Be Well. Lead On.
Adam
Adam L. Stanley Connections Blog
Technology. Leadership. Food. Life.
AdamLStanley.com
Follow me on Twitter | Connect with me on Linked In | “Like†me on Facebook
Kodak missed a tipping point and went bankrupt. Blockbuster Video fought the wrong enemy and went bankrupt. Taxi drivers, hotels, travel agencies, and so many other industries are now fighting less against themselves than against new entrants that actually seek to solve a problem, to fill a need, to change old norms. Perhaps more so than most of these industries, the commercial real estate industry has been slow to both recognize and embrace change. I am convinced messenger service companies remain in business solely because the CRE industry continues to mistrust the transmittal of critical documents to anyone or anything not human!
