Real Estate Development and Construction is multi-disciplinary in nature. Therefore, its scope is very wide, and while the development and construction activities seem repetitive by nature, Megaprojects are a completely different class of projects in terms of their level of aspiration, impact, complexity and stakeholder management
" The intergration of the mega development as part of the city circular economy will add value and create alignment in priorities and incentives between shareholders."
Integration and Cohesion: this is –in my opinion- one of the most critical success factor for Mega Development, and it spans from the integration of the development in terms of planning and connectivity between all the asset classes, the integration with the transportation systems and the wider city systems all the way to integration and cohesion as leadership competency and team structure
The integration of the mega development as part of the city circular economy will definitely add value and create alignment in priorities and incentives between shareholders.
Integration and cohesion would influence collaborative environment that is proven to be very influential in driving success
With the cohesion and integration at the core of mega development strategy, this will not only mean connecting all involved parties, but also going to the heart of the organization and ????? how to perform processes and decision making differently to influence such integration and unity
Development companies that adopt a “one-unit” integrated mindset—unified by a shared development vision, clear project plan and robust business model—rather than working as separate departments, each one focusing on disconnected targets, will be most successful. While this seems simple enough in theory, it’s surprisingly difficult to get right.
