It used to be the case that if it “ain't broke, don’t fix it” made sense. But that no longer holds true in today’s world of continuous innovation and optimization, where individual improvements in the way we do things roll up to create a competitive advantage (and more time for us to spend on the things that matter to us).
I've spoken about cognitive entrenchment before – the notion that “if it ain’t broke, don’t fix it” and the preference for the familiar ways of doing things – in the context of sticking with analogue ways of doing things.
According to research by McKinsey, the companies that recovered best from the 2008 financial crisis were the ones that got out of the starting gates fastest and came out of survival mode sooner and more assertively. Not only did they recover faster, but this...
Poor Excel. When the history of twentieth and twenty-first-century technology is written, it will probably go down as the most maligned piece of software. The problem isn’t inherent to Excel itself though, quite the contrary.
Steven Jaffe founded Propdocs to create a better way for the commercial real estate industry to create, collaborate, negotiate and sign deals, and in this Q&A we dive deeper into his views on collaboration before, during and beyond the pandemic.
In part two of this Q&A, Steven Jaffe, founder of Propdocs, talks about his entrepreneurial journey. You can read part one here. Q: What has been your biggest challenge founding and launching Propdocs? Steven: On the surface, CRE is doing 'fine' without...
In part one of a two-part Q&A series, Steven Jaffe, CEO of Propdocs, talks about the benefits of bringing efficiency into the CRE industry.
When it comes to nurturing trust, it is clear that although trust between your team and trust with your negotiation counterparties are equally important, trust must start with you and your team.
Practically, trust implies that you do not have to ‘check’ work to ensure it was done properly. Of course, any work done by a person is open to human error, which is why proofreading contracts is so important.
Is it the case that too many cooks spoil the broth when it comes to CRE deals? Does an increased number of players involved in getting a deal across the line necessarily mean less efficiency, slower deal velocity, and time spent on closing an existing deal that could be used to work on lining up the next one?