Following a recent brand refresh, engineering firm Syska Hennessy Group has officially launched its 10-year strategic plan called Elevate 2035. The plan focuses on investment in people and leadership, clients and markets, profitable growth, and a reaffirmed commitment to management ownership, while establishing ambitious objectives for innovation and geographic expansion.
Syska’s board of directors released the new strategy following extensive data collection, through internal surveys, focus groups, one-on-one interviews, and discussions of findings, all of which were led by consultant PSMJ. As part of this process, the board explored a range of strategic options, including potential capitalization structures and external partnership models. After thorough evaluation, it determined that the existing structure of ownership by management best positions Syska to achieve its goals.
“Our work with PSMJ allowed us to look at our business with fresh eyes and ask the right questions about where we want to go,” says Cyrus Izzo, Syska’s president and CEO. “What emerged was a sharper strategic focus and an unambiguous commitment to remaining an independent management owned company that paves the path forward on our own terms.”
He adds that Syska intends to measure its progress toward the goals of Elevate 2035 and report the data to internal and external stakeholders at regular intervals.