Monthly Archives: March 2013
Posted on March 28, 2013 by FMI CorporationFrom the World of Sports to the Business World: Leveraging Strengths through Coaching By Tim Tokarczyk What do Michael Jordan, Bart Starr and Kareem Abdul-Jabbar have in common? Certainly, they are all successful, championship-winning athletes. They all share a common drive to excel in their respective sport. In addition, they have benefitted from having terrific coaches to help them along the way. Michael Jordan had Phil Jackson and together they won 6 titles with the Chicago Bulls. Bart Starr had Vince Lombard, and they won 3 titles in Green Bay together. Kareem Abdul-Jabbar had John Wooden in his college days at UCLA and they had 3 championship wins. The world of sports has long embraced the role great coaches play in increasing performance. The world of business has slowly moved in that same direction, especially in recent years. Executive coaching seeks to achieve many of the same results — to increase performance, help individuals more effectively leverage their strengths and shore up areas where they might be weaker. Executive coaching is not about applause, motivational speeches or most of those clichés that come to mind when thinking about athletic coaches, but it does achieve similar results. Just like Jordan, Starr and Abdul-Jabbar could not have reached their peak levels of performance alone; we cannot achieve our full potential of leadership without some guidance and feedback.
This post was posted in Consulting, Center for Strategic Leadership and was tagged with A/E/C blog, FMI Corporation, leadership in A/E/C industry, Executive coaching, coaching in business, Business coaches, Personal development
Posted on March 21, 2013 by FMI CorporationSocial Media Isn’t New: Even Cavemen Did It By Cynthia Paul Your web page just received its 5000th “Like” and your team is sharing high-fives around the office. You are well on your way to having a thriving social media strategy. Or, are you? Social media is changing the relationships companies have with their customers, vendors, suppliers and yes, even their employees. Organizations have long controlled the messages that went out into the marketplace about their company, products and services. Except for a few unfortunate incidents where a business finds itself on the front page of a newspaper, the company was the one who determined what the market knew. Social media has changed that. The power of communications has move into communities and out of the hands of corporate marketing.
Posted on March 14, 2013 by FMI CorporationBeyond Vertical Integration: The Re-engineering of the Design and Construction Industry By Sabine Hoover FMI is proud to present its latest research on vertical integration, which is a follow-up article to our previous publication, “The Consilience of Design and Construction.” In this article, we look at some of the current trends that drive today’s convergence of design and construction disciplines, including 1) digital ubiquity, 2) a continuing squeeze for capital, and 3) a shift to systems thinking. The article also highlights two FMI case studies on Fluor and Kiewit.
This post was posted in Consulting, Research and was tagged with A/E/C blog, FMI Corporation, A/E/C industry trends, A/E/C industry consolidation, A/E/C industry consilience, vertical integration design and construction industry, convergence of design and construction, master builders
Posted on March 8, 2013 by FMI CorporationAre You Ready To Transfer Ownership of Your Company? By Landon Funsten According to “FMI’s Ownership Transfer and Management Succession Survey,” only 47% of respondents believe they have capable, strong managers who could run the company in their absence. Furthermore, only 44% said they have a formal plan in place to transition themselves out of managing the business, and just 64% have a formal plan in place to ensure continuity of operations in event of their death.
This post was posted in Consulting, Investment Banking and was tagged with A/E/C blog, FMI Corporation, Ownership Transfer, Management Succession, FMI's Ownership Transfer and Management Succession 2013 Survey, Construction transition and succession plans