When faced with many unknowns, it is important to plan and prepare for multiple scenarios while holding off on being decisive until the last responsible moment.
“Deciding with Speed and Conviction” is one of the four specific behaviors demonstrated by high performing CEOs, based on studies of over 17,000 assessments of C-Level executives.
“Good CEOs realize that a wrong decision may be better than no decision at all.” - HBR What Sets Successful CEOs Apart
The second specific behavior is “Engaging for Impact.”
There will be many challenges and opportunities facing contractors in the next few weeks, months, and years. Ensure that your team thrives in this environment.
- Start with the basics. We are all in this together.
- Learn from history. "Fortune favors the prepared mind." - Louis Pasteur
- Preserve your capital.
- Assess your backlog and market strategy.
- Prioritize your people.
- Focus on the now AND the future.
