by Simplar | Aug 26, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
The Las Vegas odds makers are not trying to pick winners. They are trying to predict outcomes. When they are confident, they know the most likely outcome of a sporting event, they set the line to give all bettors a 50/50 chance of winning. This is called balancing the...
by Simplar | Aug 19, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
Imagine setting your own line when you bet $100 that the Packers will beat the Saints on opening day. Imagine if you were in possession of a mathematical formula that handicaps risk more accurately than the Las Vegas odds makers. Imagine a formula that takes all the...
by Simplar | Aug 12, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
We all know that construction is a risky business. Every new project presents unique risks to our bottom line. The question, however, always remains, “How risky is this project?” In the past, we were left with our instincts to measure risk. Experienced...
by Simplar | Jul 29, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Current Events/Interests, Leadership, Leadership, Weekly Construction Message
When you think about it, in the modern industrial world it is absurd to be talking about customer service as if it’s a novel concept. Winning over new customers and converting them into repeat customers is the main focus of modern management theory. Service...
by Simplar | Jul 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
The Construction Customer Our research indicates that the majority of owners and designers engaged in construction projects come at the experience with a “commodity mind-set”. To them, the contractor merely performs a function that any contractor could perform so the...
by Simplar | Jul 7, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Current Events/Interests, Leadership, Leadership, Leadership, Leadership, Weekly Construction Message
How is it possible that construction concerns being run by professional managers in the 21st century often run out of cash and suddenly cease operations? Most modern industrial companies have heads-up enough to file a bankruptcy and ask the court to help them work out...
