What business tools or techniques do we use on rural estates? Does it all boil down to annual budgeting, assessing performance against projections, capital project planning, the occasional tax review? Or is there more to it than that? Strategic environmental analysis perhaps? Simple SWOT analyses? Sophisticated investment appraisal using DCF? Stakeholder analysis? Cost benefit analysis? Multi-criteria decision analysis?
Over the next few months I will be researching this question for the Royal Institution of Chartered Surveyors/Royal Agricultural University 100 Club Fellowship. Please help me by nominating your preferred strategic management tools for the rural estate. A survey will also be launched soon. The results are due to be presented at this year’s RICS Rural Conference, Land – delivering on all fronts on 18 June 2015.
So please do help us to get off to a good start by sharing your experience of planning, marketing and decision-making techniques and tools on the rural estate through the comments box below – or if you would rather do so privately please use the ‘contact’ tab to send me a message. I look forward to hearing from you.