Succession - There is No One Best Way

When it comes to relatively simple and repetitive tasks like bending conduit or framing a wall, there is a “One Best Way” as described by Frederick Winslow Taylor, who is known as the father of Scientific Management.

D. Brown Management Profile Picture
Share

W. Edwards Deming continued building on this with the PDCA cycle that has become a foundational part of the lean principles. 

Succession: V.U.C.A. Environments. Volatile, Uncertain, Complex, and Ambiguous.

However, as systems become more complex (or V.U.C.A.), such as operating a company or succession planning, there is not a single “One Best Way” that will work in all situations.  

As contractors that focus relentlessly on building efficiently, it is our tendency to want to quickly figure out that “One Best Way,” making us susceptible to advice that leans in that direction.  

As you are selecting your third-party advisors, make sure to run quickly from those that insist that there is “One Best Way.”

Your focus needs to be on learning the multiple paths, understanding the pros and cons, then deciding on the path you are going to take up the mountain. 


Succession - There is No One Best Way
Continue building value in your business, yourself and your key team members with a good succession strategy....

Succession - There is No One Best Way
Continue building value in your business, yourself and your key team members with a good succession strategy....

Construction Benchmarks, Trends, Forecasts, and Predictions
Two of the most highly leveraged choices that leaders of contractors make are about market strategy and major resource allocations. Robust information systems about the external market are a critical part of this decision-making process.
Production Tracking - Doing the Math as a Habit
Today contractors have amazing tools for tracking field production such as Rhumbix. We spend a lot of time developing very tightly integrated systems with our clients focused on production feedback.
Bruce Lee - "Be Like Water"
Be like water - an amazingly simple and powerful piece of wisdom from Bruce Lee. As the construction industry continues to get more complicated sometimes it is important to back up and look at simplicity.