Having the right ratio of internal promotions and external recruits at different levels of the company is critical for growth and succession. Use these target ratios, rationale, and qualifiers to evaluate your Talent Value Stream (TVS).
Taking an objective look at your current-state organizational structure and the people in each role forms the foundation for your recruiting, development, and business planning.
Planning for a 50% organizational structure is valuable both for contingency planning and for highlighting growth opportunities. Constraints breed creativity, and there is no greater constraint than talent.
Capital is one of the three primary growth constraints for construction contractors. Use this simple formula to determine how much of your pre-tax net profits need to be retained in the company to support growth and to establish your safe growth limits.
Construction contracting is a risky business that should yield appropriate returns. We did this fun comparison looking at different types of contractor's financial benchmark returns and debt leverage against some selected other companies for 2023.
Contracting is a capital-intensive and risky business. Understanding the key categories of capital at risk, along with their different risk factors, enables construction owners and leaders to make better decisions.
Expanding on locus of control, including how it drives decision making at all levels and answering three questions: Decisions from the top, how to improve locus of control, and how it impacts technology selection & use.