‘People first’ responses to an externality
نویسندگان
چکیده
Abstract Professional service firms in the built environment are subject to externalities. Whether these forces related economic downturns, changes regulatory environment, natural disasters, trade wars, armed conflict, mass migration, hyperinflation, climate change, global pandemics, entropy, or even never foreseen, must adapt, reposition, and rebound from negative events. The ability adapt is best personified by people that make up a firm. When one firm’s major commission was completely altered overnight due passing of legislation changed mission mandate agency commissioned work, firm nimble enough pivot, judgments about what scope could still be accomplished within deadline, determine who assign necessary tasks get job accomplished. experience forced mentors step up, mentees out their comfort zones, team congeal under pressure, resulted an unmanageable deadline being met despite difficult odds myriad factors beyond control. Only mentorship, knowledge sharing, resilience, dedication allowed positive result for firm, client, user agency, those served institution. It also furthered standing perception as trusted advisor finds way. This case study mitigation exogenous shocks through ‘people first’ strategy will highlight potential A/E/C industry responses similar
منابع مشابه
Increased Compensation Costs : an Externality of Mandatory
A debate opposes many accounting, finance, and economics researchers on investors’ need for disclosure regulation. Indeed, Healy and Palepu (2001) note that extent theory on voluntary disclosure shows that, absent market imperfections or externalities, firm managers have incentives to optimally trade off the costs and benefits of voluntary disclosure and to provide the efficient level of inform...
متن کاملMeasuring and Managing the Externality of Managerial Responses to Online Customer Reviews
Managerial responses to online customer reviews not only affect customers who receive the responses but may also influence subsequent customers who observe the responses. This externality arises because of the public nature of online interactions. However, prior studies were mainly in offline settings where such externality rarely exists. In this study, we assess the magnitude of such externali...
متن کاملData Externality
In economics, an externality is an indirect effect of consumption or production activity on agents other than the originator of such activity. We observe that internet is enabling the design of information services that become smarter more they are used because of the data generated in the process. We give examples from web search to make the notion of data externality concrete and propose that...
متن کاملWhen Do We Feel Sorry for Others? : An Externality of Lake Use as an Example
The purpose of the study was to verify, through the use of an experimental method, the assumption that the ‘economic human’ pays more attention to the externality he/she causes as the strength of externality increases. We used a social-experiment design within an undergraduate classroom to test assumptions, using statistical method. A lakeside plant was used as an example. Our results confirmed...
متن کاملTransition from First Drug Use to Regular Injection among People Who Inject Drugs in Iran
Background: The study aimed to evaluate the interval between first drug use and regular injection and factors associated with transition from first injection into premature regular injection among people who inject drugs (PWIDs).Methods: In a multicenter cross-sectional study, we recruited 400 PWIDs using snowball sampling. Age of first drug use, age of initiation of regular injection, and demo...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: IOP conference series
سال: 2022
ISSN: ['1757-899X', '1757-8981']
DOI: https://doi.org/10.1088/1755-1315/1101/3/032006