Making Decisions Effectively

Contractors must invest in accelerating the development of leadership talent and a big part of leadership is about making the right decisions in difficult situations.

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The impact of the critical talent shortage in construction will continue to get worse.

Reading List: Learn How to Make Decisions Effectively. Book: Principles by Ray Dalio.

Principles by Ray Dalio is not only a great book but more importantly is the example of how it was created, how it is used, how it is refined (PDCA - Plan > Do > Check > Adjust) weekly and how it is formatted.

Every leader of a construction company should consider not only which of these principles apply to their business but more importantly how to start codifying then training others on their own decision making processes.  

What would it be worth for your company if you could accelerate the development of your leadership talent?

If you are nearing retirement age what would it be worth to the industry if you could unlock the decades of experience in your head?  

We provide a full range of management advisory, coaching and training services to contractors.  More than half of our time is directly spend on talent including preparing for succession at all levels. 

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CFMA: Effective Interviewing Processes
As part of the talent diagnostics luncheon, 83% of the group identified a lack of qualified candidates. Only 35% self-rated their interviewing process as “Very Effective,” while many cited lack of time to effectively manage the process.
Lean Principle - 3 Enemies of Lean
Profitable growth comes from operating within a target capacity and capability range - and continually increasing those ranges. Operating with consistent overload, consistent under capacity, or with consistently high variability is not sustainable.
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The ability to identify potential changes early is a skill that can be tested, trained, and managed just like a craft skill.