It's been a long, trying few years for Architecture and Engineering firms. Few industries felt the economic downturn as deeply as A/E - and few continue to wrestle as vigorously with its aftermath. However, just as character is forged in adversity, business efficiency is honed in difficult times and that's certainly been the case in the A/E world. The battering A/E firms took through the later 2000s has challenged organizations to find better, more efficient ways to operate.
This next decade will likely bring about a sharp divergence of paths for A/E firms. One path will be forged by firms that rise to this challenge. They are the firms that scrutinize profitability down to the project level, diversify portfolios so they can follow the ebbs and flows of the markets, and leverage technology for close monitoring of upcoming opportunities or potential problems. On the other path will be the firms that remain rooted in the old ways of doing business, trusting that the strategies that led to their success in the past will continue to lead to success in the future. This divergence is likely to separate tomorrow's leaders from the firms that must scramble to figure out how to make their business work.
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