It’s the rare engineering or construction firm that doesn’t tout its leadership ability and resources to tackle ever-more-complex challenges and deliver the highest quality and value to customers.
However, new industry research from management consultant FMI suggests that the governing boards of many firms, particularly privately held enterprises, may lack the composition, culture and processes to accurately critique management performance. They also fail to strategically address current and emerging issues that could affect a company’s future growth, if not its survival.