You’re struggling to make decisions in Corporate Real Estate. What are some ways to improve your skills?

1 Learn from experts

One of the best ways to sharpen your decision-making skills is to learn from the experts in the field. You can seek mentorship, coaching, or feedback from senior or experienced CRE professionals who can share their insights, perspectives, and best practices with you. You can also network with peers and industry associations to exchange ideas, challenges, and solutions. Additionally, you can enroll in courses, webinars, podcasts, or publications that offer relevant and updated knowledge and skills in CRE.

2 Use data and tools

Another way to improve your decision-making skills is to use data and tools that can help you analyze, evaluate, and communicate your options and outcomes. You can leverage data sources such as market reports, surveys, benchmarks, or case studies that provide reliable and timely information on the trends, opportunities, and challenges in the CRE industry. You can also use tools such as spreadsheets, dashboards, models, or software that can help you perform calculations, simulations, scenarios, or visualizations that can support your decision-making process.

3 Apply frameworks and methods

A third way to improve your decision-making skills is to apply frameworks and methods that can help you structure, simplify, and clarify your decision problem. You can use frameworks such as SWOT, PESTLE, or VRIO that can help you assess the strengths, weaknesses, opportunities, and threats of your decision situation, as well as the political, economic, social, technological, legal, and environmental factors that affect it. You can also use methods such as SMART, RACI, or DECIDE that can help you set specific, measurable, achievable, relevant, and time-bound goals, assign roles and responsibilities, and follow a clear and logical decision-making process.

4 Involve stakeholders

A fourth way to improve your decision-making skills is to involve stakeholders who can provide input, feedback, or support for your decision. You can identify and engage the relevant stakeholders such as business leaders, employees, customers, suppliers, or regulators who have an interest or influence on your decision outcome. You can also solicit their opinions, preferences, expectations, or concerns through surveys, interviews, focus groups, or workshops. By involving stakeholders, you can gain a better understanding of their needs and perspectives, as well as build trust and buy-in for your decision.

5 Review and reflect

A fifth way to improve your decision-making skills is to review and reflect on your decision performance and results. You can monitor and measure the impact of your decision on the key performance indicators (KPIs) such as cost, revenue, quality, or satisfaction. You can also compare the actual results with the expected results and identify any gaps, deviations, or errors. By reviewing and reflecting, you can learn from your successes and failures, as well as identify areas for improvement and action.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?