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....

Contractor Business Model: Evolution with Stages of Growth
As a contractor navigates the different stages of growth, the complexity of their business model evolves, including their organizational structure, management systems, and people. Seeing this model visually helps identify bottlenecks and constraints.
Feeling Safe and Being Safe
These are not the same. Both must be managed. Know which of your actions contribute to each and to what degree. Know that your actions may be interpreted dramatically differently by different people.
Trends in Project Delivery and Technology
There are two major interrelated trends in the construction industry that are changing the way projects are delivered.