AI Board of Directors Approves Strategic Priorities for 2022

The Appraisal Institute Board of Directors at its Nov. 11-12 meeting in Chicago approved the Strategic Plan strategies that will guide the organization’s efforts in 2022, and beyond.

The Board approved the overall Strategic Plan at its August 2021 meeting, and the strategic planning process included input from AI professionals who responded to surveys regarding membership needs. As previously announced, the Strategic Plan includes four Goals:

• The Appraisal Institute will protect and improve the value of affiliation.
• The Appraisal Institute will provide leadership toward a unified and inclusive profession with diverse perspectives.
• Appraisal Institute professionals will be consistently sought out by users of valuation services.
• The Appraisal Institute will improve the diversity of its affiliated professionals.

In 2022, the organization will pursue those goals with a focus on the following Board-approved strategies:

• Modernize AI’s education delivery system and products.
• Modernize technology, such as social media and communication methods, and the AI website.
• Develop a plan to recruit and retain AI professionals.
• Implement the Practical Applications of Real Estate Appraisal (PAREA).
• Develop a diversity, equity and inclusion (DE&I) action plan.

These strategies will positively impact the following Board-defined objectives in the coming year and beyond by increasing:

• The value proposition of affiliation;
• AI professionals' retention rates;
• The breadth and diversity of individuals new to affiliation;
• Diversity among AI leadership;
• Opportunities for AI professionals to identify and gain knowledge to enhance their professional services;
• Efforts to eliminate irrelevant and inappropriate barriers to entry into the profession;
• Opportunities to obtain relevant experience in the profession; and
• Positive perception of the organization among key growth areas.

Objectives have a three- to five-year timeframe and will be reviewed periodically by the Board of Directors.