Monthly Archives: January 2016
Posted on January 28, 2016 by FMI CorporationBusiness strategy is a key determiner of how you will invest the limited amount of time, talent and treasure available to align your company with market opportunities. There are countless books and articles written on the topic of “strategy,” and a simple “business strategy” search of Amazon’s book offerings yields a staggering array of results. With all of these resources and clever ways to learn about strategy, why do so many firms in the construction industry struggle with this concept? The problem is that few books or other resources specifically address the complexities of the construction market – a high-risk venture where risk is concentrated in specific markets and occurs over tight timeframes.
This post was posted in Center for Strategic Leadership and was tagged with Strategy, FMI Corporation, construction industry future, strategic thinking, construction profitability, FMI's Mergers & Acquisitions Advisor 2014 Q1, NRCI 2014 Q2, construction strategy
Posted on January 21, 2016 by FMI CorporationWhile you had your nose in the numbers, your competitors were coming up with new ideas, creating targeted plans, and infusing fact-based market research into their annual business planning meetings. They’ve adjusted productivity practices, entered adjacent markets, and are meeting and exceeding their clients’ expectations – all while remaining laser-focused on developing their own talent (and poaching yours). The bad news is that your competitor’s market share is increasing while yours seems to have stagnated or even reduced. The good news is that there’s still time to get back into the groove and climb back up to the top. By developing leaders who can think strategically about the present and the future, companies can decrease the likelihood of being taken by surprise by industry disruptions and competitors.
Posted on January 14, 2016 by FMI CorporationWith the Federal Reserve Board raising fund rates, fuel at historic lows, and consumer confidence up, the U.S. economy is on track to continue creating jobs and improve wages in the year ahead. This is good news for a construction market that’s been waiting patiently for the industry to “catch up” to the national economic recovery. According to FMI’s Fourth Quarter 2015 Construction Outlook, raising interest rates has historically signaled a need to tame inflation, but the current rate of inflation is near zero. Nonetheless, the Fed feels the economy is strong enough now that reducing the money supply will help add confidence for savers and reduce the potential for future jumps in inflation.