Patty McCord represents the shift that construction contractors must make in how they view HR’s role as it integrates with the company’s strategy and execution. She has been on the front-lines of a war for talent that really kicked off for technology companies in 1998 (https://dbmgt.co/2LbDaGj) but didn’t make it to the construction vocabulary until around 2016 (https://dbmgt.co/2I3a4Ht). > Quit focusing on “Employee Empowerment” and start removing roadblocks (real or perceived) that take power away from employees. https://dbmgt.co/2LpeARk > Forget about nice sounding values. Get down to the visibly demonstrated behaviors that will make your business successful. Write them down and continue to refine for clarity of thought (https://dbmgt.co/2uDxB98) and communication. At Netflix these were refined over a decade in a continuously updated “Culture Deck” https://dbmgt.co/2LpUd6z. > The behavior of identifying problems is plentiful and cheap. Focus on those who have a bias towards action (https://dbmgt.co/2Gmbfko), can prioritize and execute (https://dbmgt.co/2IhkDBM) > Be a business person first and understand how your specific set of skills fits into the whole business adding value to your customers. https://dbmgt.co/2HLKBOn
D. Brown Management’s Post
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There are many "Strategic Possibilities" developed from "Strategic Brainstorming" that must be explored to make choices that will best position a contractor to win over the long-term. These "Strategic Decisions" must be made and integrated at all levels. #strategy #dbmteam
Levels of Strategic Decisions (The Basics)
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The business of building is largely about aligning projects and people. The Talent Value Stream (TVS) ensures talent will never be a constraint to your growth. #businessplanning #talentvaluestream #dbmteam
Talent Value Stream (TVS): The Basics
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As a contractor navigates the different stages of growth, the complexity of their business model evolves, including their organizational structure, management systems, and people. Seeing this model visually helps identify bottlenecks and constraints. #businessmanagement #businessplanning #strategy #dbmteam
Contractors Business Model
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Every contractor will navigate very predictable stages of growth. Each of these represents about a tripling of headcount and requires different leadership focus, strategies, structures, and systems. Stress and failure points are also very predictable. #leadership #management #strategy #dbmteam
Stages of Contractor Growth and Growth Inflection Points
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Building projects requires technical expertise and resources. Building a construction business is about developing and aligning those capabilities with customers. Growth and time require different leadership focus, strategies, systems, and structure. #career #management #strategy #talent #dbmteam
The Business of Building
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Decision quality IS NOT linearly related to information quantity. In complex environments with elements of uncertainty, data quantity quickly reaches a point of diminishing returns but increases decision confidence which puts you into the danger zone. #businessmanagement #strategy #talent #dbmteam
Decision Quality and Information Quanity
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Defining what you want in quantifiable outcomes is extremely difficult. It's 10X harder to define those outcomes throughout the whole company from field to CEO. Defining the leading activities that create those outcomes is another 10X more difficult. #businessmanagement #metrics #dbmteam
Contractor Scoreboard - Disciplined Execution
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Outcomes are created through doing the right activities. Data is only a proxy for that activity and a metric is a synthesis of lots of data points. Metrics are valuable, but always have a skeptical view of proxies for performance - especially with growth. #businessmanagement #scoreboard #technology #dbmteam
Connecting Metrics to Activities and Outcomes
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There is a high correlation between contractors that have consistently GREAT safety records and consistently GREAT profitability, growth, morale and talent retention. #culture #safety #talent #dbmteam
Correlation Between Safety Culture and Profitability and Growth
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Powerful (Book): https://dbmgt.co/2LpeARk Forbes Article: https://dbmgt.co/2LmHGRB Harvard Business Review Article / Culture Deck: https://dbmgt.co/2LpUd6z Interview - Squawk Box: https://dbmgt.co/2uSVCIG Interview - ReCode: https://dbmgt.co/2Nv8Oem