FMI Corporation
From Wikipedia, the free encyclopedia
| FMI Corporation | |
|---|---|
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| Type | Private |
| Founded | 1953 |
| Headquarters | Raleigh, North Carolina |
| Key people | Hank M. Harris, President & Managing Director |
| Industry | Management consulting |
| Products | Management consulting services, Investment banking services and Research Services |
| Employees | 160 |
| Website | www.fminet.com |
FMI Corporation (formerly Fails Management Institute) is a provider of Management Consulting and investment banking services to the worldwide construction industry.
FMI was founded in 1953 by Dr. Emol A. Fails, and aims to deliver customized solutions that create value through enhanced performance of companies, teams and individuals by mitigating risk. Its 160 professionals are located in four offices throughout the United States.
FMI is headquartered in Raleigh, North Carolina.
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[edit] Markets Served
FMI is completely focused on the building, construction and other related industries. Clients include:
- Contractors
- Construction Materials
- Owners
- Building Products
- Architects & Engineers
- Surety Companies
- Trade Associations
- Environmental Firms
- Government Agencies
- Residential Building Industry
- Telecom
- Utility Companies
[edit] Discipline Services
- Management Consulting
- Strategy
- Business Development
- Project Management
- Project Execution
- Investment Banking
- Mergers and acquisitions
- Ownership Transfer/Management Succession
- Financial Advisory
- Research
[edit] FMI Quarterly
The FMI Quarterly is a resource for business management solutions for the construction industry. Published every quarter, the 120-plus page publication presents eight to 12 in-depth feature articles on a variety of business management topics.
[edit] U.S. Markets and Construction Overview
Published since 1977, the U.S. Markets Construction Overview provides all sectors of the construction industry with an overall picture of factors influencing construction spending in the various sectors for the upcoming 18 months. It provides a solid foundation for initial market planning and market-segment analysis.
[edit] Acquisition of AMI
On February 22, 2008 FMI Corporation announced it would integrate Advanced Management Institute (AMI), a Napa, Calif.-based firm offering leadership development, training and consulting services to architecture and engineering, into its organization. This new capability will allow FMI and AMI to offer more comprehensive products and services to the A/E/C industry.
Serving the design industry for 19 years, AMI has offered research and informational products and helped firms and individuals develop their leadership, management and business skills that are consistent with what FMI has been providing to the broader construction industry since 1953. AMI has a robust network of faculty and consultants that provide the highest levels of executive and management development, transition and succession consulting and, project leader training and development.
[edit] Conferences & Events
Every year FMI holds various conferences and events specifically designed for the construction industry. Some include:
- Acquisitions in the Construction Industry
- Leadership Institute
- Senior Sales Summit
[edit] Emol A. Fails, PhD, Founder
Dr. Fails, affectionately referred to as "Doc," began his formal education at Southwestern College in Weatherford, Oklahoma. He counted as one of his finest experiences teaching grades 1-8 in a one-room school near Wantanga, Oklahoma. He was once the principal of a rural school in Willow, Oklahoma.
He served in the U.S. Navy from 1942-1946, during which time he moved to Raleigh and set up a school of diesel engineering on the campus of North Carolina State University for the Navy. Dr. Fails was a professor of economics for NC State University and received his M.A. and then Ph.D. from George Peabody College for Teachers in Nashville, Tennessee. Always interested in adult education, his doctoral thesis explored the contributions that could be made to adult education on a community level. Throughout the 1960s, he wrote numerous articles and conducted a WUNC-TV program, giving lectures on the field of management.
The 1960s marked the true evolution of Dr. Fails' legacy. By 1968 he had built FMI, a consulting entity that would serve the construction industry on an international basis. During the 1970s, FMI grew in two different, yet complementary, directions. The educational component brought a variety of programs, seminars, and workshops to tens of thousands of contractor participants each year, while the consulting component enabled the consultants working with Dr. Fails to provide individualized services to a select number of clients each year on an in-depth basis. Dr. Fails' personal focus in corporate consulting included business continuity, management succession, planning, marketing, and selling. He also developed costing and pricing systems that continue to help make contractors more profitable.
Dr. Fails was the recipient of the Distinguished Service Award from the National Heating and Air Conditioning Association, the Merit Award for Marketing Integrity from the Air Conditioning Contractors of America (ACCA), and the Spirit of Independence Award, also from ACCA. In March 1981, Dr. Fails was honored at a retirement dinner in Washington, D.C., where he received an award of special merit from the National Associated General Contractors for his years of contribution to the construction industry. He served on the Boards of Directors of Christians in Action, Wake Technical Community College, and FMI.
[edit] External links
- FMI Homepage
- Market research and industry news
- Google Finance - FMI Corporation profile
- AMI Homepage
[edit] References
