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Having just completed a Strategic Foresight exercise for the Royal Institution of Chartered Surveyors (RICS) entitled "Just Imagine!", I am convinced that the RICS stands at a crossroads; a turning-point that is only encountered once every few decades. Arguably, the next five to ten years will be a time of massive transition for everyone, everywhere. For the RICS, the big question is: will it be a period of dithering about direction – some progress here, some retreat there – or will it be a period where, emboldened by a ‘new mindset’, the Institution venturesomely sets out on a fresh path towards a spectacular new future? What is needed, to my mind, is nothing short of a “Grand Transformation”.