How did that happen? The challenges faced by the founders of this fledgling company in a very competitive and tough cyclical industry is a case study for any business oriented aspiring student. We were the last presenter right before lunch and I was like, man, what can we do? [2] He noted that on the application to West Point three of ten background questions related to Scouting: "Were you a Scout? Russ: Ok. That is such a cool story. The book is not only autobiographical, but also contains "Higg-isms," or lessons learned by Bill during his tenure at Mustang Engineering. following three men on a mission to create an engineering firm in a struggling Houston economy in mid 1987. We wanted to do CAD, and 4 weeks into Mustang we did our first CAD drive. And we didn’t like, the price was going between $35 a barrel and $5 a barrel, and it was going up and down. There's a problem loading this menu right now. I mean, right from the get go do you still remember the first job you won? A true culture code champion, Bill is now sharing his secrets. Mustang qualified for two straight years as one of the “Inc. And so I told Paul and Felix, I said, here it comes, we’re going to hit that and then we’ll see what everybody experiences. Bill: It can’t, no business as usual. The best organizations are built around tight-knit, teaming cultures that lift people up and foster continuous improvement. He credits the lessons he learned in his involvement with Scouting for the ability to get his company going. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. And so we had a lot of what we call servant leadership; building people up and then letting them take care of the client. For too many leaders, culture simply isn’t part of the equation when it comes to their bottom line. Bill: Oh yeah. "Distinguished Eagle Scout Award Profile: William G. Higgs", "Mustang Engineering names new president", "Steve Knowles named president of Mustang Engineering", "Mustang Engineering Co-founders to Receive ECC Achievement Award", https://en.wikipedia.org/w/index.php?title=William_G._Higgs&oldid=951327317, People associated with the Boy Scouts of America, Articles with dead external links from October 2010, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 April 2020, at 16:48. All entrepreneurs and business leaders face similar frustrations; I ... All entrepreneurs and business leaders face similar frustrations; I found the topics in this book to be extremely helpful. It was their money; they’re took the loan. Every episode provides clarity, motivation and action steps for you to make your culture count. A co-founder of Mustang Engineering Inc., Bill Higgs and his partners were given the industry title of “Kings of Culture” worldwide in recognition of the win-win business culture they were able to create. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. This organization changed countless lives - employees (Mustangers! Russ: Ok. Really impressive. Unable to add item to List. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Bill: It was fun because you’re in real time, solving problems for the client. METRO the bus company (. And then they brought in like-minded people, and that culture that we ended up developing with those people was just a game changer for us. Russ: Ok. He was honorably discharged from the Army in 1979 as a Captain. Ian Marchant (Chairman), Robin Watson (Chief Executive) Products: Oil and gas engineering, production support, gas turbine maintenance: Revenue: US$9,890.4 million (2019) Operating income. It’s like, you can grip hands and really work it. In 1996, Mustang established an Employee Stock Ownership Plan (ESOP), sold to the Wood Group in 2000 and turned management over to the 2. generation leadership in 2006. ), clients, 3rd parties, families, the ... https://www.africanadvice.com/1337702/Foundries/Boksburg/Mustang_Precision_Castings_(PTY)_Ltd/. Russ: Ok. https://www.amazon.com/Mustang-Story-Zero-1-Billion/dp/1495198758. Reviewed in the United States on March 29, 2017. William "Bill" Garland Higgs (born c. 1952) is an American businessman and co-founder of Mustang Engineering. History. Russ: Did they know they were taking a risk? Upon graduation he served five years in the Army as a combat engineer and Ranger. Sold by HappyShopping ッ and ships from Amazon Fulfillment. The discussion on how to manage people and establish a process was insightful as a model for building any sized organization. Read this book if you want to be inspired and hear a detailed account of a real organization with real people facing real challenges who enjoyed the ideal work environment for decades... Great Book for any and all Entreuprenuers and Business Students, Reviewed in the United States on May 21, 2017. What’s the key to sales? https://www.youtube.com/watch?v=AaA4-xbNH1k. These items are shipped from and sold by different sellers. Russ: All right. Russ: He said, you go buy Snickers as you should right before lunch. Bill Higgs’ assessment takes company culture from an abstract suggestion to a quantitative practice that has real-world implications for your company’s bottom line. 500 Fastest Growing Companies in America,” and was the top-ranked engineering firm on ... https://www.bizjournals.com/houston/blog/drilling-down/2015/02/major-energy-engineering-firm-names-female-ceo.html. So we started, we looked at 107 companies and got down to them, but culture was important to them, and so it worked real well for us. Today Mustang has more than 1800 employees and is the largest engineering firm in Houston. Russ: Well, that’s good). MUSTANG THE STORY follows three men on a mission to create an engineering firm in a struggling Houston economy in mid 1987. I gave her a big Snickers bar and I pulled out a little one for her baby. And we blinked and we were at 250 people (, Russ: Wow.). The company would design and build offshore process platforms. He used skills he learned in Scouting such as carving and using rope in and outside the Army.[1]. William "Bill" Garland Higgs (born c. 1952) is an American businessman and co-founder of Mustang Engineering. So, we didn’t know it starting that we wanted this culture. Russ: Well, that brings up another thing I discovered in the research on it. Bill: We had looked at it in ’95, decided not to do it, but we started an ESOT; Employee Stock Ownership plan. Today Mustang has more than 1800 employees and is the largest engineering firm in Houston. Houston-based Wood Group Mustang engineering firm abruptly announced Michele McNichol as its new CEO. [3] The company also works in pipeline, automation, and nonenergy process markets. Bill Higgs is the author of, Mustang the Story, following three men on a mission to create an engineering firm in a struggling Houston economy in mid 1987. Contact Now! MUSTANG THE STORY follows three men on a mission to create an engineering firm in a struggling Houston economy in mid 1987. Bill: No. Bill: Well, what we had seen with other companies, we watched a lot of companies start, and when you’d get to 120 people there was a glass ceiling, and people would bounce between 120 and 80. This is evident from his West Point and U.S. Army Ranger School background. Bill: Oh, it was fantastic. Russ: Fantastic. He has a bachelors degree in Mechanical Engineering degree from Michigan State University and has also studied automotive design. “Business as usual” simply didn’t exist, but the principals at Mustang somehow found work, and they found enough of it to grow their company. It was a little bit crazy but, big industry downturn, it was, stay alive until ’85. In ’87 we decided, let’s go out and do it. Find out how your company culture rates. © HighDrive 2018-2019 | All Rights Reserved. [1][7] In 2016, Higgs published a book called Mustang the Story that detailed the founding and ultimate success of Mustang Engineering. The most fascinating thing for me is that Bill Higgs took a high performing military unit culture model and applied it to an engineering start-up. Russ: Ok. Now also, in doing research for you, which was fun, I also kind of came across this project that was really outside of the normal offshore platform (. He was also a semi-finalist for a Rhodes Scholarship. It doesn’t work. [1], Higgs got involved in Scouting as a nine-year-old Cub Scout in Cleveland, Ohio. Higgs' Mustang The Story captures the principles of building a high performing organization where the culture can be described as energized, positive, fun, unique, and caring. Feel their passion to succeed, learn from their mistakes, and discover what it truly means to be a MUSTANGER. Feel their passion to succeed, learn from their mistakes, and discover what it truly means to be a MUSTANGER. In 2008, Mustang delivered $1 billion in revenues and Bill, along with partner Paul Redmon, retired as co-CEO. I mean, we were talking about (. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Need some “can do” inspiration? So, like the designers, like piping designer I was talking to today, he would do the electrical drawing and a structural guy would check it. Ok, so we’re talking a lot about how in the world you got started in these tough times, but man, did you guys start stair stepping up, right? Russ: All right. So, Snickers did it. Resources: www.CultureCodeChampionsPodcast.com. Russ: Ok.). After Airborne and Atomic Demolitions courses, he commanded a Combat Engineering Company in the 1st Cavalry Division Airmobile. Please try again. McNichol, who had served as ... http://mustangthestory.com/about-the-book/. William (Bill) Higgs is a distinguished 1974 Graduate (top 5% academically) of the United States Military Academy at West Point, an honor graduate of the Army Ranger School, and King of the Pits during the Vietnam era. Authored by Mustang Engineering co-founder Bill Higgs, the story will appeal to business professionals in any company, as well as college students, military leaders, scouting and church organizations, or anyone seeking to build a business designed for success.
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