Alignment and Ownership and Creating Value

As a construction company grows, it becomes increasingly important to align everyone on the team.

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This is especially true with the tightening labor market that will continue to worsen through 2030. 

Succession: Alignment Creates Vale. Quote: There are two rules. First, my stock will be acquired by the company. Second, company stock will be owned by employees. Peter Kiewit 1978

Alignment comes from being transparent with your guiding principles or values and living them every day with integrity, as described by Dr. Brené Brown.

Kiewit is a great example of how this alignment built a business that has been sustainably growing for over a century.  

In their book, there is a section about Peter Kiewit and how he sold his shares to the company using the same formula that applied to every other employee owner. Additionally, he set a couple of simple rules in place around how ownership was to be handled.

While their employee ownership plan and strategy is more complex in execution, there are these simple guiding rules and their value of “Stewardship” that form the foundation of this alignment.   


If you are interested in learning more about how some of these tactics could apply to your business, reach out to Sue Weiler-Doke for a conversation.

Lonnie Morelock can talk about how this aligned the field effectively.  


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....

Definition - Skill
The Ability to do something. Sometimes combined with performing to a certain level (standard / competency) and possibly the verification of that performance (certification).
Retirement Onboarding - Over Involvement
As construction business owners go through succession and their own retirement onboarding, it is important that they stay involved in the business and industry at some level.
Cash Flow Tip 17 - Cascading Reporting Systems
Developing rigorous weekly Operating Rhythms in your business will help everything run smoother just like they do at the project level.