Leveraging Geographic Expansion for Leadership Development

Geographic expansion is impacting all contractors whether it is major customers pulling them into new markets, new competition coming into their “hometown” or as a proactive strategic growth move by the contractor.

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Given the talent shortage that will be 3X worse by 2020 contractors must look at ways to accelerate their leadership development.

Geographic Expansion Leadership Development. How can you leverage geographic expansion for leadership development?

If managed right geographic expansion can be a great tool for developing leadership.  The organizational structure has to be setup correctly with the right levels of training, coaching, mentoring and management in place.  This is a tricky balance to strike with some of the tactics being counter intuitive. 

Don’t underestimate either the value or the challenges of geographic expansion. 

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Project Income Projections
For a contractor to be effectively involved in the early stages of a project beyond understanding the whole project development budget, they must also understand the financing and cash flow of the project.
Change Management Dashboards
Summarize your detailed change tracking logs with concise dashboards that give you critical information in a format that allows you to see the big picture while still having enough information to be actionable.
Setting the Conditions for Success
The contractors that will continue to grow profitably in the future are those that master talent development. Leaders must (1) setup the conditions for success with their team and (2) lead by example when it comes to their own development.