Applying Six Thinking Hats for Property Development Investment

This presentation provides an analysis of a property development company considering a £140 million investment to renovate an old office block in London, utilizing the Six Thinking Hats technique to enhance decision-making. It examines the current economic climate, the impact of remote work, and potential challenges and opportunities. The analysis covers the perspectives offered by each hat: White Hat (facts about vacant office space), Black Hat (risks associated with economic downturn), and Green Hat (creative use of technology). The presentation also highlights the benefits and potential drawbacks of the Six Thinking Hats technique, concluding that the project's feasibility is questionable due to economic instability and the need to integrate digital strategies. It emphasizes the importance of evolving towards digital pathways and integrating operative vision for future success. Desklib offers similar resources for students.

PPT - English for Academic Purposes,
Research and Study Skills

INTRODUCTION
 The analysis skills in research plays crucial role in professional
development parameters diversely, where investments in new projects
demand appropriate usage of the best strategies and techniques.
Presentation will provide various aspects, where property development
company considers investment opportunities for construction of new
building.
 The six thinking hat tool, practically boosts productivity of creative
thinking by dividing various styles as per valid situation parameters.

Case:
 Investment of £140 million will take to buy and renovate an old storey office block in heart of London with
spectacular views of Tower of London and bridge.
 The case scenario further heads on profound focus on considering variety of factors such as state of economy, plan
for using space which will signify purpose strategically. Profits from resources, creation of job opportunities and
usage of contingency plan further has to be organized and reviewed by management stakeholders.
 Usage of 6 thinking hats technique will further enhance decisions overview significantly for using resources viably
towards attending functional working targets rapidly.

CONT…
Usage of 6 hat techniques between meeting with directors can be analysed as follows:
 White hat (Facts) : Looking at the problem, by analysing facts with white hat it can be understood that as per restrictions of
Covid-19 vacant office space has been seeing sharp reduction.
 There has been also specific decline among company employees, due to shift towards work from home facility which further
has been found to be critical factor. As per white hat, there is less scope for feasibility expansion on success parameters for
competent functional growth for success within project timely completion.

CONT…
 Black hat: Analysis by using black hat, further focuses on fact that there are various cautious parameters needed
to be kept in mind while further heeding with investment in such huge project.
 As economy is entering cyclic downturn, and huge challenges due to global shutdown the feasibility of project
success is very less. Due to less attractive specifics sage of appropriate new techniques can be further costly for
expanding investment of project within construction of building.

CONT…
 Green hat: The analysis by using green hat, further focuses on fact that there is creative usage of
new technology and exploring new opportunities within business grounds.
 It can be analysed that company should be further heading towards building digital software, with
advanced new technology for creating engagement among workforce for larger scale working
consistency.
 As per recent time parameters, it can be analysed that there are various new competitive expansion
opportunities, where the adoption of virtual technology further plays keen essential role.
Construction by adopting new digital platforms and usage of virtual technology will enhance
working efficacy significantly on wider horizons.

Benefits using the six thinking hat technique
 Beneifts of using six hat thinking technique can be understood to
be highly crucial for strengthening vital competent functional growth
variedly on strategic grounds rapidly.
 The analysis by using six hat technique has been fruitful, for strategic
competencies rise towards productive work efficacy aspects which further
plays keen role for gaining higher rapid growth .

Potential drawbacks
 The various drawbacks by using six hat thinking technique can be understood by analysing
problems and critical areas where the results are lacking efficiency.
 The six hat thinking technique has been lacking vision for potential effective consistency in
project, where the varied thinking ideologies may differ project to be further successful within
longer run. It makes project analysis to be complicated, and also challenging for further expansion
diversely towards strengthening wider practical goals in longer run.

CONCLUSION
 From the above analysed aspects in report, it can be concluded
that construction project feasibility holds less growth factor as within
recent horizons' economy stability is at risk.
Also physical stability, and lack of competent resources further needs
to be evolved towards digital pathways and integrate operative vision.

REFRENCFES
 Aithal, P. S. and Kumar, P. M., 2017. Ideal analysis for decision making in critical situations through six thinking hats
method. International Journal of Applied Engineering and Management Letters (IJAEML), 1(2), pp.1-9.
 De Bono, E., 2017. Six thinking hats. Penguin uk.
 Göçmen, Ö. and Coşkun, H., 2019. The effects of the six thinking hats and speed on creativity in brainstorming. Thinking
Skills and Creativity, 31, pp.284-295.
 Hu, Y and et.al., 2021. The shifting patterns based on six thinking hats and its relationship with design creativity. Thinking
Skills and Creativity, p.100946.
 Rathnayaka, B. M. T. N. and De Silva, G. I. F., 2021. Six Thinking Hats Method for Lateral Thinking in Software
Development Organizational Problem-Solving Process.