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
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....

Business Operating Layer
Execution is the discipline of getting things done and is especially critical for contractors because we work in a highly competitive business with relatively low margins compared to the risks taken.
Learn from the Wisdom in the Lessons of History
“Fortune favors the prepared mind.” - Louis Pasteur ---------- How much time do you and your team spend exploring the broader context of our world?
Allocation of Management Resources
Most new initiatives that contractors try often fall short of expectations due to poor management time allocation during start-up. We work with a lot of contractors and rarely see truly bad ideas or teams that truly can’t execute.