Eric Widmondt is the second generation leader of Woodmont Properties. The northeast based development company was built by his father, and now Eric is the CEO and principal leading the organization. Although Woodmont is located primarily in New Jersey and Pennsylvania, they have also branched out to Georgia and Colorado. Servicing the community to cultivate properties where people live, work and play, Woodmont develops the highest end industrial buildings, retail spaces, apartments and housing to provide something which cannot be found elsewhere.
Looking towards his father, Eric learned how to be self-aware, driven, and selfless. Eric is a leader who believes perseverance is one of the best qualities you can have. The key to Woodmont’s success is at the core of their culture and doing things, the “Woodmont Way” – learn from your mistakes to do better and always do the right thing. As the organization grows, Eric has found his role also evolves. Eric wants to build an organization with a successful legacy and continues to empower the managers and colleagues to give them the freedom to drive their own divisions and business. Looking back from when he started working for Woodmont 20 years ago, Eric is now able to be more of a mentor and coach, as opposed to someone driving the day to day operations. He sets the direction and has become a visionary for the organization.
One of the biggest challenges Woodmont leadership faces is for all of their colleagues, in all positions and locations, to feel engrained in their organization’s culture. Eric believes it is important for every colleague to understand they are part of the mission. Woodmont ensures all colleagues have their voice heard. Throughout the year, the Woodmont staff participates in “Start, Stop, Keep”. Each colleague is able to submit an idea for the three categories: what new things they should implement as a company, what is not working and they should stop doing, and what processes they should continue to keep building upon.
Not only does this process aid in colleague investment of the company mission and goals, but the start, stop, keep model is also something Eric uses in his everyday life. Eric is a measured results oriented individual. Every year he sets personal, professional and family goals he monitors on a weekly basis. He evaluates what he is doing right, what he should stop doing, and what new things he can do to allow him to achieve his goals.
Eric believes it is critical for everyone to realize we can improve ourselves daily. Every challenge or setback is actually a learning experience. Woodmont also has a process to reward those who bring up challenges they faced or situations which did not go “the right way”. Woodmont prides itself on the culture of all hands on deck when an issue occurs. Through their collaborative efforts, they are able to figure out the best solution so colleagues can learn from one another and are able to use those solutions to help the organization down the road.
To learn more about Eric’s work and Woodmont Properties, visit their websites: www.woodmontproperties.com.