Understanding assets (or portfolios) as a system that relates to and interacts with the environment, at Lejarraga & Delapoza we believe that knowing how to understand and choose the changes properly in the variables that affect the profitability they provide is crucial
- Induced changes.
- Changes in the environment
- Changes generated by the response system
Induced changes are those resulting from actions such as:
Voluntary adaptation, management results, risk control, flexibility, required profitability, equity, values, control decisions, environment relationship policies, improvements, internal requirements, adaptation to the digital and Online world and service improvements, among others.
Background changes are not directly controlled, such as
Economy, social changes, pandemic, wars, government changes, shortage of materials, fashion, online boom, trends, black swans.
Finally, the system response change (for one asset or a portfolio) are those that result of the first two commented. They feed back the performance (good or improvable) or, simply, cancel them.
A good consultant, manager, adviser, architect or engineer must take into account this set of controlled, uncontrolled and iterative variables.
It may seem obvious, but it is becoming increasingly clear that knowing how to make the best decisions in Real Estate depends on the capabilities of the teams, open-mindedness, experience and understanding of the fast-paced changing world in which we are embedded.
The fourth industrial revolution has arrived, and it is time to know how to handle the boat and guide sails, understanding the winds and tides of the sector and the world in general.
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