Last week I described how in 2001 Joe Hagan, the Chief Executive Officer of National Equity Fund (NEF) led a highly strategic workplace redesign and relocation project that had a major impact on the company’s culture and economic survival (see “The Workplace IS Strategic: Take it from a CEO“).
Now, in 2014, NEF is getting ready to move once again. Why? The office still looks very much like it did in 2001, and the staff still likes working there. The company continues to be an industry leader; it’s not in need of a dramatic turnaround.
But – and this is both obvious and critical – much has changed over the last decade. The last five years have been a very tough time in the financial services sector. The “Great Depression” and the housing debacle have put incredible economic pressure on NEF and its competitors (to say nothing of publicly funded housing).