Monthly Archives: October 2011
Posted on October 18, 2011 by FMI CorporationLeading in a Global Market By Kim Morton The idea of globalization is not new. The world has been called anything from “flat” to “spiky” and many A/E/C firms have had an international scope for decades. Most leaders today are aware of the term globalization, but have not figured out an effective way to compete with international A/E/C firms competing for bids within the U.S. While global expansion is not ideal for many firms regardless of their size or location, organizations must understand how the factors associated with globalization will affect business. Traditional approaches to leadership development and long-term strategic planning are no longer effective in the constantly changing A/E/C industry, making it vital for leaders to be aware of the implications of their new environment.
This post was posted in Center for Strategic Leadership and was tagged with construction industry blog, A/E/C blog, FMI Corporation, leadership in A/E/C industry, Global leadership, strategic planning
Posted on October 4, 2011 by FMI CorporationDirect Labor Tracking By Ethan Cowles One of the biggest items that affect actual margins on projects is direct labor. Slight improvements in direct labor can improve net profitability by 50% to 100%! Slight declines in labor can eliminate profits altogether. Because of the risks and rewards inherent in direct labor, field managers need to be constantly aware of its status in order to manage upside opportunities and/or to minimize downside losses.