How Construction Business Directors need to pivot in 2023 and beyond
How Construction Business Directors need to pivot in 2023 and beyond
Lauren Sandstrom
As we move into 2023, the construction industry is facing a number of challenges and changes that will require business directors to adapt and evolve their approach. Here are a few key areas where directors need to change in 2023:
- Embracing technology: Technology is rapidly transforming the construction industry, and business directors who can effectively utilise new tools and systems will have a significant advantage. This includes everything from project management software to drones and 3D printing. In order to stay competitive, construction business directors will need to embrace technology and invest in the tools and training that will enable their teams to work more efficiently and effectively.
- Focusing on sustainability: Sustainability is becoming an increasingly important concern for construction projects, with more and more clients demanding environmentally-friendly solutions. Business directors who can demonstrate a commitment to sustainability will be better positioned to win new business and build a positive reputation in the industry. This may involve implementing sustainable construction practices, such as using eco-friendly materials or adopting energy-efficient building techniques.
- Prioritising safety: Safety should always be a top priority in the construction industry, and business directors who are able to manage safety risks effectively will be well-positioned to succeed. This may involve implementing robust safety protocols, investing in safety training, and regularly conducting safety audits to identify and mitigate potential hazards.
- Managing talent: As the construction industry continues to grow, attracting and retaining top talent will become increasingly important. Business directors who can create a positive work environment and offer competitive benefits and career development opportunities will be better able to attract and retain top talent.
- Adapting to changing regulations: Construction business directors must stay up-to-date on changes to local, state, and federal regulations that could impact their operations. This may include changes to building codes, safety regulations, and environmental laws. Business directors who can quickly adapt to these changes will be better positioned to succeed in an increasingly complex regulatory landscape.
In conclusion, construction business directors who are able to embrace technology, focus on sustainability, prioritise safety, manage talent, and adapt to changing regulations will be well-positioned to succeed in 2023 and beyond.
