The opposite of micromanagement is a leadership approach in which trusted workers are given training, expectations and the authority to find solutions and make decisions on their own, says John Baldoni in this blog post and video. That gives bosses the space to focus on big-picture thinking and also helps get the best out of their newly empowered employees. "Let the direct reports share what they've experienced and how they would do things differently, if at all, the next time," Baldoni says.
Expect only a 2% increase in the annual real growth rate for the nonresidential sector through 2024, according to a report by Morningstar. That is significantly lower than what others in the industry are predicting. However, the report predicts a 5% annual increase in road and bridge construction over the next decade, as well as growth in manufacturing, health care and water supply projects.
Prehype founding partner Henrik Werdelin argues that if you discover "an idea makes perfect sense, someone's already done it." To that end, seek out imperfect ideas that address customer pain points rather than organizational problems.
Take advantage of your emotions when making a decision, says John Baldoni in this video and blog post. Try writing down the possible decisions on small pieces of paper, selecting one from a bowl and measuring your reaction, knowing that you can always go another direction.
Executive presence is the "right stuff of leadership," because it embodies the key leadership traits of "conviction, authority and power" and their application in leaders' daily lives, says John Baldoni. "Presence gives the leader the wherewithal -- authority and resilience -- to battle the odds and endure through being, doing, and reflecting," he explains.
Remembering to breathe and take a break for physical activity can help you avoid letting negative emotions get the better of you during a conversation, advises John Stoker. Consider what could be the logical reason behind someone else's behavior and your own part in the situation while staying on the lookout for projective listening.
Smart leaders build teams with people who have different styles and approaches than their own, but how do they find these people? Be on the lookout for curious, capable candidates who are capable of cooperating with people who see things differently, says John Baldoni in this blog post and video.
Nonresidential construction grew 7.1% last year, buoyed by lodging and office projects, while multifamily homes increased residential construction by 3.5%. However, Ken Simonson, Kermit Baker and Alex Carrick, the chief economists at the Associated General Contractors of America, the American Institute of Architects and CMD Group, respectively, warn that despite those gains the overall market is a bit "spotty," as indicated by a predicted drop in civil engineering projects and others over the next several years.
Four Republican presidential candidates were part of the first debate Wednesday evening. Several of them addressed the labor shortage in the construction industry and alluded to their plans to give preference to American workers but to allow immigration to fill in the slack.
The Federal Reserve raised its benchmark interest rate to a range between 0.75% and 1%, its second rate hike in three months but only the third increase since the global financial crisis. Fed Chair Janet Yellen said the central bank will take a cautious approach to further rate increases because it isn't as optimistic about the growth ahead for the economy as some business executives and stock market investors.
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