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....

Incentive Compensation for Contractors - Audience Question: Higher Base Compensation?
There is absolutely no perfect ratio between base vs. incentive compensation. Here are the variables and some rules of thumb.
General Mattis and Making Speed Part of Your Culture
The concepts of speed, harmony, commander’s intent, and leadership form the bedrock of General Mattis’s philosophy. Make speed your competitive advantage in your career, on your project, and as a contractor.
Impacted Productivity - Fighting Back
Fighting back effectively against labor productivity impacts will have a significant financial and customer satisfaction. There are four interrelated aspects to effectively fighting back.