Georgia Construction Today - First Quarter 2009 - (Page 8)

feature Leading in CU TTI NG CO STS OP PO R TU NIT Y RECESSION INN OV ATI ON Tough Economic Times “Georgia Branch, AGC is no different from other business owners who are tightening the belt and looking for ways to streamline operations during these uncertain and difﬁcult economic times. While the natural instinct is to run for cover and slash costs, all of us still have customers, or in our case, members, who want and expect us to meet their needs and deliver services. “Those of us who have lived through other recessions and have seen demand for construction services shrink in years past know these are challenges we survived. Good times will come again and there are lessons learned we can all draw on to help with today’s difﬁculties and prepare our respective organizations for a better future. I am pleased to share some of these leadership insights and best business practices with you in the following article.” – Mike Dunham, Executive Vice President, Georgia Branch, AGC For most of us, shrinking markets, tight credit, increased competition, fear of the unknown, unprecedented change, and customers going out of business or cutting back spending spells trouble. However, entrepreneurs know turbulent times present opportunities. Finding and capitalizing on these opportunities is going to be the difference for companies who survive in the next year or two. The 2009 industry outlook for construction cited in a recent issue of AGC of America’s Constructor magazine (http://constructoragc.construction.com) predicting steady declines in construction starts is coming to fruition. Some recovery with the government stimulus package is creating 8 pockets of opportunity. With a construction industry in Georgia made up primarily of small businesses employing fewer than 20 workers, it will be their entrepreneurial spirit and mindset plus an optimistic attitude that will help them as well as larger companies ride out the storm. Under increasing pressure to deliver results as markets and budgets shrink, it is imperative for business owners and managers to exercise their leadership now more than ever. Shooting from the hip or waiting to put out the next ﬁre will not serve you, your employees or clients well. Instead, the goal is to keep employees motivated and productive while you implement the necessary organizational Georgia CONSTRUCTION TODAY FIRST QUARTER 2009 http://constructoragc.construction.com

Table of Contents Feed for the Digital Edition of Georgia Construction Today - First Quarter 2009

Georgia Construction Today - First Quarter 2009 Contents Message from the President Leading in Tough Economic Times Breaking the Cycle of Workforce Insanity Chapter’s Workers’ Compensation Program Delivers Greater Value with Multi-State Coverage Am I Getting Enough from My Insurance Broker? Change Has Arrived: Georgia’s New Lien Law Index to Advertisers

Georgia Construction Today - First Quarter 2009

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