Nov 3, 2021

The spend. Old companies, new initiatives, potential waste.

By Mary Trigiani • Issue #1039 • View online

Back to a look at the infrastructure spend: Americans must become obsessed with following the money, whether it’s company funds or taxpayer resources. This is a productive obsession because, in tandem with real management thinking, a watchful eye daylights alignment of priorities and honorable stewardship of other people’s money.

How to make big, old companies act fast

Prior to the spread of COVID, senior executives in large legacy companies would often say that their organizations were far too complex for everyone to be involved in strategic discussions and decisions. That has changed. The nature of the crisis has shown that what counts is alignment on the same strategic agenda coupled with the autonomy to act.

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Building Back Better Requires Smart Spending and Transformative Investments

The New Localism: Building Back Better, as we’ve said before, requires doing things differently. The process of actually doing so is complicated by several factors. The shift from austerity and scarcity to abundance and public largesse has been a rapid one, leaving little time for strategic design or local planning. The degrading of the public sector over many decades and the weakness of many nonprofit intermediaries and community networks means that the capacity to design and plan is minimal in the preponderance of communities. We have a delivery crisis in the making in other words.

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The US infrastructure bill is a huge opportunity. Let’s not waste it – TechCrunch

Yet while the sweeping package — which aims to boost the economy, reduce carbon emissions and narrow economic inequality — gets off the ground, we in the private sector know infrastructure on this level will need robust changes that incorporate emerging technologies during design and construction, or much of the construction will only hamper our major cities and hubs.

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By Mary Trigiani

The Newsbrief features items Mary clips from the news.

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