Construction Business Management
July 21st, 2008 by David MahlerEffective Enterprise Risk Management is not rocket science. In fact, most risk controls turn out to be very simple policies or procedures that will prevent adverse shocks to a business. Oftentimes, though, it’s hard to cut right to the core of a problem and separate the effects from the root cause. In Construction Positions and Responsibilities, one of our advisers discusses drilling down to determine the root cause for the difficulty a client was experiencing trying to grow its business.
Tags: Risk management
July 27th, 2008 at 11:03 pm
It really is amazing to me how complex simple matters can become. The main reason why the construction industry has such a high failure rate is because work moves so fast and the market is so competitive, that there is no time to work on company improvements, right? Wrong! Contractors choose not to make the time. With the high construction failure rate, it is clearly better for a contractor to take time to improve now. I think the “there’s always tomorrow” attitude leads to the end of tomorrows for many companies. But I don’t call it procrastination. I call it lack of discipline. For most contractors, it simply isn’t enjoyable to take on the work of improving their company when it takes away time from building great projects. That feeling of pride and accomplishment that comes with overcoming the challenges of building a job just gets in your blood. Improving the company simply doesn’t compare. It just takes discipline.