Value by design
Weβre thrilled to sponsor the AIA WiA Equity Series! Sarah and I enjoyed the "Value by Design" panel and reconnecting with clients and industry friends. Big thanks to Mariam Fallah, Akanksha Sharma, and Rhonda Lowe for organizing!
π€ The Expert Panelists:
Rena M. Klein FAIA, FAIA, Senior Partner, CVG,
Alec Luong, AIA RID CM, Principal β Architecture @ Project Luong,
Lorie Westrick, AIA, Retired, Former Principal @ RdlR Architects,
Qeturah Williams, AIA, NCARB, NOMA, Principal, Regional Operations Leader @ DLR Group,
Cynthia Harvey-Brown, Director of Marketing & Business Development @ Energy Architecture.
π Key Takeaways:
π‘ Path to Sustainable Financial Success in Architecture:
β Diversification β Firms with a diversified portfolio (projects, people, and market sectors) can sustain long-term success.
β Invest in People β Continuity in culture and leadership leads to greater financial freedom.
β Focus on Repeat Clients β Align core values with clients and identify the most profitable sectors.
β Stay Visible β Maintain a strong presence in the community and government sectors.
π₯ Building & Retaining a Diverse Workforce:
β Find talent where you can β Seek out teachable, passionate individuals.
β Diversity adds value β Firms with international and gender-diverse teams bring richer cultural perspectives that impact design and business success.
β People design for people β A diverse team allows firms to connect better with the communities they serve.
π Business Development & Marketing:
β BD is everyoneβs job β Represent the firm at all levels and always ask, βWhat else can I do for you?β
β Differentiate your firm β Build a strong brand and personal identity from the start.
β Architecture is about community β Firms centered on service and impact naturally attract the right clients.
π° Positioning for Financial Success:
β Understand the business of design β Learn what factors influence financial growth.
β Fill the gaps β Demonstrate value to the firm by identifying needs and stepping up.
β Rethink the business model β Adjust fee structures based on value proposition to ensure industry-wide prosperity.
β Advocate for architects β AIA can play a key role in helping architects engage with the public sector.
A highlight was discussing how firms can hedge against brain drainβpaid internships, and early talent identification is critical to ensuring the next generation of architects thrives.