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“Hinge Research Institute’s recent 2021 High Growth Study: AEC Edition revealed the key business strategies of highly successful architecture, engineering and construction (AEC) firms. Based on a survey of almost 300 AEC companies with combined revenues of $75 billion and more than 90,000 employees, the report provides insight into how these high-growth firms with compound annual growth rates of 20% or greater managed to succeed so well in a period marked by uncertainty, an economic slow-down, and political and social turmoil.
The common denominator of the fundamental strategies employed by high growth AEC firms is adaptability. Faced with unprecedented challenges, these firms were quick to adapt their approaches to growing their businesses, not waiting for “things to settle down.” By getting proactive, they were able to steal a march on their competitors and grow their businesses at a time when many were stagnant or, worse, failing.”
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