Engineering and construction organizations that invest in developing future leaders and building their businesses with multiple paths to owner liquidity are positioning themselves for long-term success
Handing over an organization’s reins to the next generation and transitioning ownership are never easy processes. For optimal results, the ownership transfer and management succession approach starts with identifying, selecting and developing key associates; ensuring that leadership roles are occupied by skilled, engaged individuals; and then cultivating them for success in their new roles.
This all takes place within the broader context of preparing the organization for future ongoing success, with the understanding that it takes time, attention and resources. For an industry sector that faced severe headwinds and significant talent loss during the 2008 Great Recession, the path to OTMS success has become somewhat rocky and unpredictable.