Transitioning to the C-suite is as much a personal journey as it is professional. Remember, the path to the C-suite isn’t just about climbing up — but about growing into the leader your organization needs most.
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Many organizations struggle to build and sustain a strong leadership pipeline, often promoting individuals based on past performance rather than preparing them for future leadership demands. Effective transitions require more than skill development; leaders must shift how they spend their time and how they think about their roles. By setting clear expectations, offering growth opportunities and […]
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Earlier this year, FMI and Construction Financial Management Association (CFMA) partnered together to survey construction owners and executives on their ownership transfer and management succession plans. The results presented are based on almost 300 responses.
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Transitioning to an employee stock ownership plan (ESOP) means a period of big change for a company. It’s also the best time to rethink the company board. In this paper we provide best practices that company leaders can take to build an effective ESOP board and ensure a successful transition.
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The way companies transition leadership at the executive level remains a critical indicator of future success and business stability.
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The talent cliff if looming, with 93% of construction industry respondents saying they're having trouble finding qualified talent. Discover more insights into the state of E&C industry talent.
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Handing over an organization’s reins to the next generation and transitioning ownership are never easy processes. For optimal results, the ownership transfer and management succession (OTMS) approach starts with identifying, selecting and developing key associates; ensuring that leadership roles are occupied by skilled, engaged individuals; and then cultivating them for success in their new […]
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The built environment offers tangible payoffs for those who do the work: world-class projects and feats of engineering. Success within the space is tied to a sense of shared ownership with employees feeling they have buy-in and a say in the decision-making process. ESOPs are a great means to an end, because there is a profound shared goal at work on both ends of the employer-employee equation: to […]
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Here are 10 questions all E&C firms should be asking themselves as they either reinvent existing ownership transfer and management succession plans or develop brand-new ones.
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In mid-2020, FMI partnered with the Construction Financial Management Association (CFMA) to survey construction executives on their ownership transfer and management succession (OTMS) plans. The results presented are based on almost 250 responses.
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