When construction executives speak of making an effective leadership and ownership transition, they often use the term passing the baton, conjuring an image of a tightly coordinated, intensely practiced transition happening smoothly and effortlessly at high speed. However, if most actual transitions looked like a relay race, the baton would spend more time on the track than in the hands of the…
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In engineering and construction (E&C), high-potential programs meant to attract, cultivate, and retain key employees have garnered increasing support over the past few years. The diminished labor pool, retiring baby boomers, and overall rise in project volume have come together to drive this trend.
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Take a moment to think about the best team that you have been part of. What made this such a great team? Over the past five years, FMI has spent considerable time studying the nuances of teams.
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Sound planning and preparation are key to a successful transfer of ownership and continuity for building product manufacturers.
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With nearly 50% of CEOs in engineering and construction looking to transition out of the business within the next five years, you’ll likely see a leadership transition at your organization. How you respond to the change matters.
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This is the last article of our four-part series examining the topic of CEO succession in the engineering and construction (E&C) industry and how to overcome the obstacles associated with new executive transitions. In the last article, we discussed how to facilitate the exiting CEO’s transition. Here, we explore how to determine if and when a successor will be ready to take over the helm of the […]
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This is the third article in our 4-part series examining the topic of CEO succession in the engineering and construction (E&C) industry and how to overcome the obstacles associated with new executive transitions
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This is the second article in our 4-part series examining the topic of CEO succession in the engineering and construction (E&C) industry and how to overcome the obstacles associated with new executive transitions (Read part one here). In the last article, we identified early warning signs of CEO derailment and how to make mid-course adjustments before it’s too late. Here, we explore why personal […]
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This is the first of a four-part series examining the topic of CEO succession, and how to beat the odds when it comes to succeeding in a new executive role. In this initial article, we explore warning signs of CEO derailment and how to course-correct to help CEOs transition with success.
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Any principal of a construction firm will tell you that cash is king. There is little room for error when it comes to feeding the cash cycle. Why not apply the same focus and fervor to collecting the monies that are owed to your company as you do to installing the building components for which you bill?
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