It would scarcely be new to predict the demise of the
ALMO sector. It would also be wrong. I would highlight five key messages for
ALMOs in planning their future:
(a) The inbuilt nature of ALMOs’ customer involvement and
focus is a key strength;
(b) Whatever the delivery model, the council remains the
single shareholder – a successful ALMO will stay close to its council’s agenda;
(c) The greater the diversification, the more that the
‘new’ risks need to be understood and managed;
(d) The greater the diversification, the more the ALMO
Board needs the skills to understand the business streams;
(e) Any institution that fails to challenge itself,
adapt, innovate and reinvent periodically, will eventually be condemned to
obsolescence.
Read more on the Campbell Tickell website.
