Public trust has been an issue for businesses for years, as demonstrated by bad publicity about Coles and Woolworths treatment of suppliers, the inability of gas explorers to gain permission to frack for gas supplies in tight formations and the serious objections raised to coal seam gas exploration. It has received a much bigger focus for businesses generally since the Banking Royal Commission. Trust is inextricably linked to culture. Three key drivers of Trust are identified in this short article published in the August 2018 issue of Company Director, a monthly magazine of the Australian Institute of Company Directors, and has been reproduced with their permission.
TEDEX talks are compulsory listening if you want to know what the world’s top thought leaders are considering. Here is a summary from TED2018 generously provided by Dr Amantha Imber, Founder and CEO of Inventium http://inventium.com.au/, an innovation advisory firm of science geeks applying the latest and greatest findings from psychology, neuroscience and management science to help organisations gain a competitive edge through innovation.
“Would you like eternal life”.
If you can survive for another 30 years, MAYBE it is just possible !?!
This possibility has implications bigger than personal considerations. What will it do to business? Cemeteries and Funeral Parlours will die. Retirement villages could be retired. How will it impact your business? Forget trying to motivate Gen X and Gen Y? Eternal life could make the whole leadership equation more complicated. Worth adding to the agenda for your next strategic planning session.
“How Fear Outsmarted Nokia”.
How Fear Outsmarted Nokia was published in the March 2017 CPA Australia In the Black magazine. It starts with a warning for all of us ‘Everyone who works in an organisation for any length of time learns the importance of pleasing the boss. Yet that attitude can result in a fear of speaking up- and when that fear comes to dominate an organisation, it can be poisonous’.
Readiness is the new capability. It’s both a state of mind and a set of actions.
If you want to see a new approach to strategic planning inspired by Rahm Emanuel, the Mayor of Chicago and previously Chief of Staff to Barrack Obama, read the following article.
Music in the workplace
Do you play music in your workplace?
Do you wonder if it is good for productivity?
Did you realise different music can create different cerebral benefits?
Are you ready to be surprised?
Click here for a short article with the latest research.
Advisory board composition recommendations
“Establishing an advisory board or full board is cited by several ILF Scholar business owners as a positive turning point in the history of their business. If you are about to follow this course, you must read “The Sweet Spot”, which advises that the most effective boards comprise 40% to 60% non-executive (external) directors and a similar ratio of executive (employee) directors. Recommendation 2.4 of the ASX Corporate Governance Principles recommends the majority of the board of a listed entity should be independent directors. Tony Featherstone is the author of the article which was first published in Company Director, a monthly magazine of the Australian Institute of Company Directors, and has been reproduced with their permission.”
Adding a new business line – 10 tips for success
“10 Tips on Start-up Success” clearly and succinctly explains the must consider issues equally applicable for start- ups or for add ons to an existing enterprise. Written by David Walker and first published in “In the Black” in June 2016, it has been reproduced with permission from CPA Australia.
Big opportunities in Space for down to earth manufacturers
Satellites cost 11 times less to launch than 5 years ago and 100 times less to make, with another 90% reduction predicted in the next 5 years. This might be an opportunity of a life time for engineering businesses and one of the leaders in the field is Adelaide based. Learn more here. “Cheap Tech to the Skies”, written by Stephen Craft and first published in “In the Black” in June 2016, has been reproduced with permission from CPA Australia.
Big Data – big mystery demystified
Big Data is said to be the new big thing. “Kaggle’s self-analysis” helps unlock the big data black box. Written by Susan Muldowney and first published in “In the Black” in June 2016, it has been reproduced with permission from CPA Australia.
Thinking of Doing an MBA
Thinking about doing an MBA? The value of an MBA has been debated extensively in recent times. ‘In Search of Knowledge’ is an article which throws useful light on the subject, written by Domini Stuart and first published in the May 2015 edition of Company Director, the monthly member magazine of the Australian Institute of Company Directors, and is reproduced with their permission.
Developing CEO Successors
Developing CEO successors in-house produces better results for organisations. Read why in this article, ‘Actively Developing CEOs: Boards need to ensure it happens’, written by Geoff Campbell, Managing Principal, and Peter Boyden, Principal, The Adelante Group. This article was first published in the March 2015 issue of Governance Directions, the official journal of Governance Institute of Australia, and is reproduced with their permission.
China is Evolving
China is evolving from a low labour cost manufacturer to an economy driven by indigenous technological change. This provides new risks and opportunities for South Australian manufacturers. If you want to remain ahead of the competition, the following article reproduced with permission of Ashmore Investment Management of London, specialists in emerging markets, might be helpful. It explains how this innovation/transformation is developing, and gives insights into how the rest of the world, including we Australians might be affected. Click here for the article. Other insights into developing markets are available at the Ashmore website, http://www.ashmoregroup.com/
Innovation is acknowledged by most as essential to improved industry performance during a time of significant structural change. There are plenty of programs and high level ideas about how this should be achieved. ‘Innovation policy linked to productivity boost’ might sound high level for boffins, but this short article is very practical. It provides a user friendly six step checklist, and the insights could be very helpful to individual business leaders. Written by John Bell of ACIL Allen Consulting, an ATSE Fellow, and published in Issue No 183 of Focus, it has been reproduced here with permission of the Australian Academy of Technological Sciences and Engineering.
Get the Monkey Off Your Back
Leading people comes naturally to some, but even for them, continuous improvement is required. ‘Getting the Monkey off you Back’ is a check-list of practical tips to ensure that you are on top of your leadership challenges, written by John P Dawson, Principal of Dawson McDonald Consulting, and was first published in Volume 37, Issue No 3 of the Journal, it has been reproduced here with permission of the Australian and New Zealand Institute of Insurance and Finance.
High Performance through Coaching
Coaching is a widespread method used to achieve practical, on-the-job performance improvement. It can be very effective if implemented correctly but provides minimal outcomes if it is used inappropriately. ‘High Performance through Coaching’ is a quick guide to getting your coaching off to the right start. John P Dawson is the author, and the article, which was first published in the Journal of the Australian and New Zealand Institute of Insurance and Finance, has been reproduced with their permission.
Building Your Leadership Gene Pool
This is a must-read if your organisation has a board. ‘Developing the talent gene pool’ is an article that explains that boards should have a more active role in succession planning to ensure that inside talent is not overlooked. The benefits are better long term financial outcomes and longer CEO tenure, based on a Booze Allen report. Written by Andrew Olivier and Margaret Wright of the Working Journey, and published in the May 2014 edition of Company Director. Access to the article has been provided by the Australian Institute of Company Directors.
Error Culture in Teams: To Blame or to Innovate?
This article explains precisely and succinctly how to build cohesive teams that will share and learn from each member’s experience. This will allow them to openly discuss errors and question certain assumptions. It is titled ‘Error Culture in Teams’, by Drs Joyce Rupert, Karen Jehn and Astrid C Homan, and was recently published in InFinance, the magazine for members of the Financial Services Institute of Australasia (FINSIA). The article is copyrighted and is produced with FINSIA’s permission.
Leadership is an Art that Involves being, Thinking and Doing.
In this article, read about ‘How do you improve your leadership skills? What actually is leadership?’.
Maximizing Scholarship Experience through Workplace Connection
Investment in new learning provides opportunity for growth for the learner and the organisation. There are key factors that increase the likelihood of a successful outcome.
Tuning in to the Next Generation of Leaders (InFinance March 2011)
Following is an article by Dr Colin Pitt, recently published in InFinance, the magazine published for members of the Financial Services Institute of Australasia (FINSIA). It explains the outcomes of a survey about the capabilities of Generation Y that are important indicators of leadership potential and those they most lack. It also provides some suggestions about how today’s leaders can help overcome the shortcomings.
In Search of Davids who can Slay Goliaths (Fourth quarter 2010)
A position paper by Bill McVail, senior portfolio manager/global security analyst; Robb Parlanti, senior portfolio manager/global security analyst; Frank Sustersic, senior portfolio manager/global security analyst; Bob Turner, chairman and chief investment officer; and Mark Turner, president and senior portfolio manager.
Six Rules of Business of David Sokol, Warren Buffet’s go to Man.
Warren Buffet is known as the Oracle of Omaha. He is said to be the most successful investor of our times, and has created wealth not just by smart buying and selling of investments, but by turning around poorly performing companies in order to create wealth.
Talent Alone Does not Make a Leader
Following is an article by John Baldoni, recently published in Bloomberg Business week Online Insider Newsletter. It distinguishes between a technical wizard and a team leader, and lists characteristics of team leaders.