Weighing the Pros and Cons of Spec Buildings

From Austin Consulting

When looking to expand or relocate into a new territory, many growing companies start a property search with hopes that an available building suitable for their needs is on the market. Existing buildings are attractive because the overall cost of the project will typically be cheaper and the company will be quicker to market, saving the company two key resources: time and money.

Built to thrive: What makes a long-surviving organization successful?

One of my favorite sources of thought and contemplation of business is the McKinsey Quarterly.  In case you are not familiar, McKinsey & Company is one of the leading management consulting firms in the world and a top source of global CEO recruits. Many top authors and analysts also have gone through McKinsey’s organization. The Quarterly is a publication of some of their most esteemed thinkers’ works.

Building and Maintaining Company Reputation: Integrity, Honor, Values

Benjamin Franklin is quoted as saying, “It takes many good deeds to build a good reputation, and only one bad one to lose it.” And reputation in business is not immune to this wisdom. What gets lost sometimes in the day-to-day, give-and-take of work is the loss of focus that the one bad deed that Mr. Franklin was referring to might have just taken place.

Client Communications: Building Presence of Mind

Below is an email exchange (redacted version) between one of our team members and a prospective client, as a follow up to a recent sales presentation:

From: Bob

To: Project sales team

Subject: Our presentation follow up

Key Considerations for Revamping Your Supply Chain

From Austin Consulting

Ensuring that your supply chain is as efficient as it can be is not top of mind for everyone these days – but maybe it should be. Often times, we are accustomed to sit back and rely on “that’s the way we’ve always done it,” but that isn’t always the best way. Sometimes changing the way things are done is the best way to find new efficiencies and cost savings.

A True Austinite: In Memorium of Floyd “Brownie” Higgs

As each of us goes through our careers, we encounter individuals who, by the sheer force of their spirit, make our profession and our work lives better. If we’re lucky and end up in the right places, we may encounter more than one or two of these special individuals.

How Early, Clear Communication of Strategy Streamlines Projects

Sometimes, things seem to be more complicated than they really should be. Right? Whether it is home, work, church groups, etc., things just seem to get more complicated than necessary. 

Why is that?

Three Common Delays During the Site Certification Process

From Austin Consulting

Site certification is becoming an increasingly popular topic of interest for local and regional economic development organizations (EDO’s) as it enables communities to market sites within their territories as being “shovel-ready”, “pad-ready” or “certified”. In order to obtain one of these designations, communities typically employ a third party site selection consulting firm and undergo an extensive due diligence process to ensure that risk is minimized for prospective clients. Site selectors conducting the due diligence work typically promote that a site can be certified within a 90-day timeframe, which appears doable for local EDO’s. This timeframe does not, however, include setbacks that can occur during this process, ultimately delaying that timeframe. Up-front planning and proactive management allow for an efficient certification process, enabling EDO’s to market their sites to prospective clients more quickly.

Continuous Improvement: What We Can Learn From Project Personalities

It is interesting how each project develops its own personality.

Some projects have a very positive personality. Communications are great. The project chemistry is great. Everyone on the project seems to click. Other projects are sleepers. They just seem to get done without anyone who is not involved noticing. Then, other projects have more challenges to them. They demand the attention and focus of management and other resources beyond the normal project team.

The Benefits of Unplugging

Quitting something “cold turkey” is very difficult to do, unless the thing you are quitting is no longer available. There are 168 hours in a week. If we get an average of 7 hours of sleep per night, that leaves 119 waking hours. So, if we are working 40 hours per week, it is one-third of our waking hours.