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Construction criticised for overconfidence

A specialist management body has criticised construction sector managers for being complacent about their ability to cope with change.

Following a survey of 130 directors and managers in medium-to-large construction companies, the Chartered Management Institute said the construction sector appeared overconfident of its ability to cope with change.

It said the survey’s results showed construction sector managers gave a low value to nurturing talent, managing regulation, innovating, and keeping abreast of technology.

The Institute's marketing and corporate affairs director Jo Causon said: “Rather than simply focusing on ‘what should be done today’ the inability to plan properly might lead to questions of a more critical nature: ‘what opportunities have I missed?’ or worse, ‘how did the organisation not see that coming?’”

Although the survey found individuals in the construction sector were upbeat, with 92 per cent saying they could not wait to get up in the morning and 83 per cent claiming it was easy to ‘keep positive’.