If only strategic planning was as simple as it sounds. Leaders in the construction industry benefit from the action of strategic planning in addition to a mindset of strategic planning. Together, these components set the stage for sustainable organizational health. A strategic plan cannot happen in a vacuum; rather, it’s an integral part of a construction company that understands the need for driven growth.
How does a business leader in commercial and industrial construction implement inspiration in the team? There are thousands of books on leadership theory and organizational culture, but if a leader does not understand how to practically implement those theories, they will not benefit the team. There are several ways to cultivate an inspired team. Following are five ideas for construction executives to implement with field-based, office-based and remote-based teams.
Although most construction contractors have a formal business plan, few have a succession plan—which is equally important. While a business plan focuses on the current direction of the company, a succession plan focuses on the future of the business and transition of ownership.
“You can’t offer a job from the past. Nobody will come. You have to offer a job of the future.”
This was the salient advice futurist Nancy Giordano, keynote speaker at Associated Builders and Contractors’ (ABC) Diversity & Inclusion Summit, shared with an audience of industry leaders eager to stay ahead of near-desperate workforce shortages.
All contractors have experienced bumps in the road — from surprises to delays to the wrong interpretation of plans. These can add up to a lot of headaches and put a dent in your profit margin. Once a bid is won, why not avoid costly mistakes and errors by taking a more proactive approach? You can then build on this process and apply lessons learned. Let’s review how you can use best practices to keep clients happy — from start to finish. Continue »
In the construction industry, it’s not uncommon for team members to go from working on the crew to being in charge of the crew. The transition to supervising people the employee used to work alongside, or having a fellow coworker promoted to management, can be awkward. But it doesn’t have to be.
How to Make the Best Decisions for New Company Leadership Construction Contractors Need to Evaluate Values to Select the Best New Leaders
Business leaders have always been scrutinized for their decision making. In 1914, Henry Ford was both denounced as a fool and praised for doubling wages of factory employees from $2.34 to $5 per day. In 1987, Merck & Company decided to give away a cure for river blindness for free, an unfathomable choice for most pharmaceuticals, because they recognized the cost of the drug would be too high for impoverished international markets.
Almost every AEC firm has difficulty holding employees accountable. This issue goes so deep that many business owners will shy away from putting any policies in place—for fear they won’t be able to get employees to follow them. This practice often has the negative consequence of inconsistent quality control, compromised employee safety and reduced project profitability.
Most of people are creatures of habit. They do not always appreciate changes in their daily routine, working practices or working environment. They may become unhappy about any loss of freedom to do certain things, such as changes in shift patterns, hours of work, or in their standard of living and buying power.
Everyone starts with the best intentions: eat well, exercise, perform well at work, and get along with coworkers. Unfortunately, those good intentions don’t always translate into actual results.
Image this scenario: It is time for the big announcement. Employees have filled the staff canteen. The CEO approaches and delivers a rousing speech about a proposed change, building up to a conclusion and asking for everyone’s support.
The construction industry has a well-earned reputation for being wasteful and producing unpredictable outcomes for its clients. The culprit is variation. To paraphrase a popular construction industry phrase: Change is the only constant. One solution to this inclination is lean.