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Why top performing project managers produce top level profits

By Doug Foster | May 4, 2015 | 0 Comments

New projects are exciting and new business is necessary for survival. If you don’t take the time to scope the project and price it right, you’ll lose more than profit. Can your firm afford to lose its good reputation, be known for providing poor service and, thus, create low staff morale? A lesson I learned…

How to turn on a dime, seize market opportunities and maximize profits

By Doug Foster | April 24, 2015 | 0 Comments

California’s historic drought is all over the news. You can’t escape it. And, for those people and businesses affected, it’s a tragedy. Like any natural disaster, there are industries, such as engineering and energy in this case, that can benefit from them. How can your firm make a much-needed difference and grow profits?  When working…

It takes a village– how to develop your own personal community of advisors

By Doug Foster | April 17, 2015 | 0 Comments

It can be lonely at the top but it doesn’t have to be. Just as your employees rely on each other for collaboration, brainstorming, feedback, etc., you too, as the leader, need this support. But it doesn’t always come naturally when you’re the CEO. For example, since employees won’t necessarily feel comfortable providing you honest feedback,…

Secrets of 7 successful companies that do some things badly

By Doug Foster | April 9, 2015 | 0 Comments

Is being bad part of your strategy? It seems counter-productive, doesn’t it? But it’s not. Successful companies know this secret and practice it so that they can be the best at their priorities. The concept of focusing on a single business model is not new. In 1995, Treacy and Wiersema wrote “The Discipline of Market Leaders.” They…

Lessons on CEO burnout, how to spot it, how to resolve it

By Doug Foster | March 27, 2015 | 0 Comments

Part of being an effective leader is to constantly evaluate yourself. It can be difficult to objectively determine how you’re doing– to see yourself as others see you. The problem of leadership burnout is that no one is going to tell you. No one is going to come into your office and tell you that you’re…

Feel like it’s all on your CEO shoulders? It does not have to be.

By Doug Foster | March 11, 2015 | 0 Comments

Have you considered that trusted advisers might be key to your successful career? You probably have. In fact, a survey published in Harvard Business Review in 2013, reported that nearly all CEOs say they saw value in having an adviser. But, did you do it? Probably not. Nearly 2/3 of the CEOs reported they had…

The life or death of an exit strategy

By Doug Foster | February 27, 2015 | 0 Comments

Over my 35 year career, I learned there is one challenge firm owners face that is most prevalent, that negatively impacts their wealth and the stability of the firm. The challenge is created by being too caught up in the day to day business. Thus, there is little thought given to exit strategies– until it…

CEOs’ top role: Get the most out of your employees

By Doug Foster | February 19, 2015 | 0 Comments

When talking strategic direction, we often talk in terms of the role of the CEO and what he or she must do to encourage greater productivity and alignment. We don’t focus as much on the role of the employees, although we all know we’d be nowhere without them. We understand leadership starts at the top and an effective leader encourages employees to act…

If you’re not leading with these, your company is jeopardizing success

By Doug Foster | February 16, 2015 | 0 Comments

As a leader, your job is to look at the big picture and, naturally, much of your attention is on essential items like growing revenue and controlling expenses. Typically, there’s less time spent strategizing on how to lead than the leading itself. But, what if you could lead your firm in a more enlightened way,…

Strategic Execution– What 4 things must you do to “make it so”?

By Doug Foster | February 7, 2015 | 0 Comments
what 4 things do you do to make it so

The planning process is essential to establishing broad goals, but it doesn’t just start or stop there. Next, you must execute consistently on clearly identified steps that build to the ultimate goals identified in your strategic plan. In the case study below, you’ll see innovative actions that ultimately led to the firm’s success. They include: hiring…