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The MicroVention Worldwide Innovation Center in Aliso Viejo, CA.
Conference call: Lawrence Armstrong CEO of Ware Malcomb (Hot Firm #8 for 2018), a 440-person international design firm based in Irvine, California.
By LIISA ANDREASSEN Correspondent
“S uccession planning has been an important part of our culture for more than 30 years,” Armstrong says. “It takes a lot of hard work and planning to identify the next leadership team. The succession plan needs consistent consultation with trusted advisors such as lawyers, accountants, and insurance agents.” A CONVERSATION WITH LAWRENCE ARMSTRONG. The Zweig Letter: What’s your policy on shar- ing the firm’s financials with your staff? Week- ly, monthly, quarterly, annually? And how far down into the org chart is financial information shared? Lawrence Armstrong: Our policy is to remain transparent with our staff since they are the back- bone of our success. We are proud to be a fiscal- ly conservative company. We strive to adopt best
practices for conservative business operations for the health of the company, our clients, and staff. This mindset also provides resiliency during eco- nomic downturns. “We are proud of the success of our business and don’t shy away from talking about it. It’s important to all of our leaders to share information about the health of the company with our dedicated staff.” On a biannual basis, we share revenue goals and progress with the entire company. Leadership meetings are held three times a year with leaders from our 22 offices across North
Lawrence Armstrong, CEO, Ware Malcomb
THE ZWEIG LETTER Ju
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