Health Facility Construction in a VUCA World…Why the 1970’s and early 1980’s offer insights into how to cope and thrive?
VUCA…Volatility, Uncertainty, Complexity, and Ambiguity. In hindsight, the period from approximately 1985 to 2020 was remarkably stable using nearly any economic, market, or geopolitical measure. COVID19 and the subsequent lockdown, supply chain challenges, geopolitical conflicts, political instability, cascading inflation, potential recession, etc. have ushered in a VUCA period that perhaps will look more like the economy, markets, and geopolitical landscape from the early 1970’s to early 1980’s where high inflation, high interest rates, recession, geopolitical conflict, yielded slow economic growth and turmoil. What’s a healthcare facility owner/operator, designer, vendor, or constructor to do? VUCA…Vision, Understanding, Clarity & Agility are the tools to cope and adapt in this environment. With all that said, there is significant opportunity and growth available in all of the stakeholders in the healthcare facility markets – for innovative and transformative leaders and companies. Are you one of them?
Core Competencies: Strategic Planning; Design; Construction Management; A-E Selection Process; Equipment Planning; Equipment Acquisition
AIA Course Number: 2023.05.014
AIA CEU = 1 LU/HSW