Innovation in Construction with Mace
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In the vibrant metropolis of London, where innovation is the lifeblood of success, start-up entrepreneurs in the construction industry are embarking on a journey to transform the skyline. One standout narrative that illuminates the path of these pioneers is the remarkable story of Mace , an international construction and consultancy company that is redefining the rules of the game. In this article, we'll delve into the streets of innovation with Mace, all while recognising the remarkable 11-year tenure of Matt Gough as the former Director of Innovation at Mace .
A Glimpse into Mace's Innovator-in-Chief: Matt Gough
Our narrative commences with a visionary leader who stood at the forefront of innovation in the construction world – Matt Gough , the former Director of Innovation at Mace . Mace, a global construction and consultancy powerhouse with its roots deeply embedded in London, has been setting the stage ablaze under Matt's guidance. Matt's own journey is a testament to the growth spirit that fuels the construction industry in London.
Matt's career embarked on an unconventional route for someone in the construction sector. A year as a scaffolder after finishing school was just the beginning, driven by the need to earn a living. However, fate took an interesting turn. During his university days, where he pursued computer science and coding, Matt acquired skills that would prove invaluable in his future ventures. After several years as an entrepreneur, he found his way back to construction in 2011 when he joined Mace .
The Digital Revolution in Construction
Over the eight years that Matt has been with Mace , he's witnessed a significant transformation within the construction industry. Technology and digitisation have made their presence felt, opening doors to new possibilities. Start-ups have emerged, eager to partner with established giants like Mace .
However, Matt points out a crucial distinction. While technology has improved the way things are built, it hasn't fundamentally altered what we build. The crux of the matter, as Matt puts it, is that technology allows us to build things better but doesn't inherently inspire us to build better things. This observation forms the core of Mace's innovative approach, emphasising the need for both efficiency and quality in construction.
The Diverse State of Innovation in Construction
London's construction landscape is diverse, with a range of projects that differ in scale, scope, and purpose. Matt acknowledges this diversity and believes that recognising it is the key to fostering innovation. Rather than seeking a one-size-fits-all approach, Mace looks to innovate at various scales, tailored to the specific challenges presented by different types of projects. This approach provides the industry with more confidence and the ability to move forward swiftly.
Construction start-ups in London are making significant progress, and LOYALS Accountants & Business Consultants play a crucial role in shaping the business strategies for entrepreneurs and those seeking to scale. Having us by your side provides you with the essential financial expertise and guidance necessary to excel in this fiercely competitive landscape. We are here to assist you in crafting an exceptional portfolio, commencing with logo design , progressing through the development of a highly optimised website , and effectively conveying your brand's essence, values, projects, and more through our corporate filmmaking services .
The Pervading Challenges in the Construction Industry
Innovation in construction faces formidable challenges, and Matt Gough doesn't shy away from addressing them. He cites a 2019 academic paper that dissected the reasons behind the construction industry's struggles in consistently innovating. The paper identifies three core challenges:
These challenges underscore the complexity of the construction industry and the need for innovative solutions.
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Cultivating an Innovative Culture
For London entrepreneurs in construction, fostering a culture of innovation is paramount. Matt Gough underscores that innovation isn't limited to technological advancements; it extends to the innovative solutions that emerge on project sites. Three fundamental elements make up the bedrock of an innovative culture:
Mace's commitment to innovation is evident in its vision for the industry, which includes reducing its carbon footprint , improving safety, and embracing digital transformation. As an industry, construction is evolving, and technological change is shaping the way cities are planned and buildings are constructed.
The Mace Difference: An Entrepreneurial Approach
What sets Mace apart from the crowd is its entrepreneurial spirit. The company's journey is one of organic growth, eschewing the traditional path of acquisitions. Mace has thrived through the decades by focusing on long-term, valued relationships with its clients. In a sector often dominated by mergers and takeovers, Mace's approach emphasises stability through organic growth.
Central to Mace's success is its unwavering commitment to core values, including safety, client focus, and always doing the right thing . The company recognises that its people are its greatest asset, and it attracts the best talent, cultivating a culture of excellence and innovation.
Addressing Construction Productivity Challenges in London
London's construction landscape faces its share of productivity challenges. Mace's research highlights the stark contrast between productivity growth in manufacturing and the stagnation in construction. The industry grapples with lengthy bidding processes, ineffective procurement practices, and inefficient supply chains. The importance of collaboration with clients in project design cannot be overstated, as it helps prevent costly mistakes and delays.
Rising companies can consult our experts to enhance their performance and fuel their growth. With a range of operational and design services, LOYALS offers invaluable guidance to construction start-ups grappling with productivity challenges.
Supply Chain Integration: The Heart of Mace's Success
Mace's supply chain strategy is a linchpin of its success. The company values long-term relationships with its suppliers, ensuring that they are paid promptly. By focusing on creating stability within its supply chain, Mace builds strong partnerships with its suppliers, fostering an environment of trust and reliability. Additionally, Mace invests in supplier development, providing tailored training programs.
Inspiring the Next Generation of London Entrepreneurs
Mace's story is a testament to the spirit of innovation that defines London's construction landscape.
In the ever-changing world of construction, London's entrepreneurs have a unique opportunity to revolutionise the industry. By adopting an entrepreneurial approach, fostering a culture of innovation, and harnessing the invaluable services of our experts , they can follow in the footsteps of Mace and make their mark on the construction landscape. London's future as a hub of innovative construction is bright, with companies like Mace leading the way.
This article, brought to you by Kris Nick , the founder of LOYALS Accountants & Business Consultants , celebrates the entrepreneurial spirit of London's construction industry and the pioneering innovation of Mace, with a focus on the vital role of LOYALS in nurturing the success of construction start-ups.
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