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Creating Your Preferred Future: The Next Steps

Creating Your Preferred Future: The Next Steps. ACEC 2011 Spring Conference Washington, DC. Steven J. Isaacs, PE Division Manager FMI Corporation A/E Consulting Services Division. Uncertainty Process to deal with uncertainty Scenarios Key Drivers Current Direction and Impacts

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Creating Your Preferred Future: The Next Steps

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  1. Creating Your Preferred Future: The Next Steps ACEC 2011 Spring Conference Washington, DC Steven J. Isaacs, PE Division Manager FMI Corporation A/E Consulting Services Division

  2. Uncertainty Process to deal with uncertainty Scenarios Key Drivers Current Direction and Impacts How things are playing out What it means for creating preferred futures Agenda

  3. Uncertainty

  4. What’s going on?

  5. What do we do?

  6. Initiate a new kind of planning

  7. What matters to you?

  8. Why does scenario planning work?

  9. Examples of four AEC future scenarios

  10. Key Drivers from AEC Futures Study • Global Drivers • Degraded infrastructure worldwide • Competition for resources • Social Drivers • Aging population and firm leadership • Mobile, independent workforce • Economic Drivers • U.S. loses economic dominance to China • Volatile energy prices • Global cooperation to smooth economic fluctuations

  11. Key Drivers from AEC Futures Study (continued) • Technology Drivers • Advances in design and construction methods • Advances in operations and life cycle • Technology: faster cheaper better more • Political Drivers • Increased regulation of built and natural environments • Government control over resources • Sudden turmoil in the Middle East • Environmental Drivers • Worldwide sustainability movement • Tight regulation of natural environment

  12. How macro trends impact your firm locally Turmoil in Middle East increased price of project materials energy cost impacts on clients Advances in technology increased price of project materials energy cost impacts on clients Momentum of green building increased price of project materials energy cost impacts on clients MACRO trends produce micro trends

  13. Industry Trend Progress: faster movement • Price pressures and competition, including from non-U.S. firms • PPP • Merger & acquisition – industry consolidation • Pressure on small- and medium-sized firms • Green building • War for talent is flaring up again

  14. Industry Trends Progress: s-l-o-w-e-r movement • Recession has not fully played out • Government funding • States turning federal funding away • Enormous need for infrastructure goes unfunded.

  15. Setting Goals • Come out of process with a new kind of firm • Come out with a new set of leaders who understand strategic thinking • Come out with both a long-term view and a short term action plan • Come out with a way to grow, or not to grow

  16. Caveats • Groupthink • Treating plan as an abstract idea lacking passion • Exciting work -- boring work means you’re on wrong track • Ignoring return on investment • Don’t just grab numbers without understanding which matter

  17. What should be considered?

  18. A Collaborative Process

  19. Increasing Knowledge

  20. Tangible planning effort

  21. What should the planning process be open to?

  22. What is the result?

  23. How to get the AEC Futures Report To order a copy of the complete AEC Futures Report, including full descriptions of the four future scenarios, visit the FMI website: http://www.fminet.com/future-of-the-aec-industry.html

  24. Steven J. Isaacs, PE Division Manager A/E Consulting Services Division Phone: 925-934-7200 E: sisaacs@fminet.com Speaker

  25. About FMI Knowledge • Expertise • Relationships Founded in 1953 by Dr. Emol A. Fails, FMI provides management consulting and investment banking for the worldwide engineering, architecture and construction industry. FMI delivers innovative, customized solutions to contractors; construction materials producers; manufacturers and suppliers of building materials and construction equipment; facility owners, managers and developers; engineers and architects; surety companies; and industry trade associations. FMI’s experienced professionals assist businesses with strategic planning, leader and organizational development, business development, research, mergers and acquisitions, peer groups, private equity placement, project execution and training. Visit us at www.fminet.com

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