Alignment and Ownership and Creating Value

As a construction company grows, it becomes increasingly important to align everyone on the team.

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This is especially true with the tightening labor market that will continue to worsen through 2030. 

Succession: Alignment Creates Vale. Quote: There are two rules. First, my stock will be acquired by the company. Second, company stock will be owned by employees. Peter Kiewit 1978

Alignment comes from being transparent with your guiding principles or values and living them every day with integrity, as described by Dr. Brené Brown.

Kiewit is a great example of how this alignment built a business that has been sustainably growing for over a century.  

In their book, there is a section about Peter Kiewit and how he sold his shares to the company using the same formula that applied to every other employee owner. Additionally, he set a couple of simple rules in place around how ownership was to be handled.

While their employee ownership plan and strategy is more complex in execution, there are these simple guiding rules and their value of “Stewardship” that form the foundation of this alignment.   


If you are interested in learning more about how some of these tactics could apply to your business, reach out to Sue Weiler-Doke for a conversation.

Lonnie Morelock can talk about how this aligned the field effectively.  


Succession
Continue building value in your business, yourself and your key team members with a good succession strategy....

Succession
Continue building value in your business, yourself and your key team members with a good succession strategy....

Succession Process and Architectural Design Phases
As contractors prepare for succession, they should use the same lessons they have learned in developing and then building projects.
Problem-Resolution Cost Pyramid - Earlier is Always Better
An easy way to visualize the cost of problem resolution at different stages of construction is with this pyramid. The cost of the problem is the cost of the problem (1X). Finding it ahead of time minimizes the costs and maximizes customer satisfaction.
Knowledge Management Pyramid
Knowledge Management is a complex topic and the contractors who learn to manage it the best will have an edge in the market. There are several models that can help you visualize the differences between different types of “knowledge” in your organization.