Over the past month, we have witnessed several major construction entities enter into some form of External Administration by the appointment of either Receivers and Managers or Voluntary Administrators, or in extreme cases, Liquidators. These appointments have resulted in the temporary halt to multi-million dollar projects, including the $2 billion redevelopment of Sydney Central Park, thereby impacting on the financial viability of a number [ More ]
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Interestingly it is now readily accepted that we are all human and as a result of this we will inevitably make mistakes, it is human nature. This is fortunate because in the past there were many organisations that would not tolerate failure and as a result both the stress levels and the departures of staff were significant. In a recent training session I attended it was promoted that a successful organisation is one that, among other things, had a culture that accepts mistakes. Whilst tru[...]Read more
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