Competencies vs. Confidence vs. Success

Confidence in what you are doing at all levels in the company is critical; especially for the high-risk businesses of construction contracting.

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Sustainable success comes when this confidence is kept in alignment with the competencies required to effectively serve the customer.

Leadership Tools: Competencies, Confidence, and Success.

COMPETENCIES

  • Know clearly what competencies are required to effectively serve the customer at an individual level and aggregated team level.    
  • Rigorously look at your workflows and where you can reorganize them to close some of the competency gaps at the team level through work reassignment.  
  • Relentlessly work on closing those competency gaps individually and as a team.  

CONFIDENCE & SUCCESS

  • Many times your competencies are actually much higher than your confidence and that will impede success because you are afraid to take risks that you are more than competent enough to take.
  • Success breeds confidence and that leads to more success - up to a point. All decisions carry risks and as long as you are 15% confident in an outcome that has a 15% chance of success all reasonable people will act appropriately. If however you are 30% confident in that decision you. This is when failure starts to creep in.  

"There's nothing like biting off more than you can chew, and then chewing it anyway. "

Mark Burnett

Remember Icarus and flying too close to the sun…


An outside perspective is a critical tool for helping you keep your team’s confidence and competencies in alignment.




Cash Flow and the 5Cs of Credit - Conditions
The 5th of the 5Cs of Credit are the conditions for the loan, which is primarily what the funds will be used for. These conditions are here to protect the contractor as much as they are there to protect the bank.
General Mattis - Operations Occur at the Speed of Trust
Retired General Jim Mattis uses the word trust 65+ times in Call Sign Chaos: Learning to Lead.  "Trusted personal relationships are the foundation for effective fighting teams, whether on the playing field, the boardroom, or the battlefield."
Lean Principle - People First (Then Process and Tools)
To optimize productivity, a contractor must focus on their people first, then processes and tools including technology as an integrated management system with a hierarchy. This is not a linear process: S.M.A.R.T. Experiments + Continuous Improvement.