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Leaders constantly seek new ways to challenge the status quo. Amongst many strategies, one is particularly compelling: forcing functions.
A forcing function is an element introduced into a system to cause a specific action or outcome. In other words, it’s a deliberate constraint or challenge to stimulate progress or ensure an intended result. It’s like placing an obstacle on a running track; it compels runners to jump higher or rethink their approach.
So, what makes this strategy intriguing for multifamily leaders?
The multifamily industry is complex, from human-centric leadership dynamics to the introduction of technology and the subsequent integration discussions. Introducing forcing functions can be a transformative tool to elevate these aspects.
When a team faces a constraint, say a limited budget or a tight deadline, it often results in a burst of creativity. Necessity, as they say, is the mother of invention. This could translate to breakthroughs in marketing techniques, community engagement strategies, or even property management systems in the multifamily space.
By deliberately introducing a controlled challenge, leaders can also test the resilience and preparedness of their systems. For instance, simulating a high-demand scenario can help identify bottlenecks and inefficiencies in operational workflows like unit turn times.
Another advantage of forcing functions is that they can act as training wheels, helping team members cultivate skills they might not have tapped into. Facing constraints can bring latent negotiation skills, analytical prowess, or strategic planning talents to the forefront.
Lastly, with a clear forcing function, everyone in the organization has a shared goal or challenge. This aligns strategies across departments and fosters a collective sense of purpose and drive.
For multifamily leaders and professionals, the key lies in identifying the right forcing functions for their unique scenarios. It’s not about adding unnecessary hurdles but discerning which strategic obstacles can drive genuine growth. While it’s tempting to introduce multiple forcing functions, ensuring they don’t overwhelm or stifle productivity is crucial.