By Ian Neal, TEC Chair – In my last blog post I talked about the ‘Playing to Win’ framework as an aid to culture. Today I’m focusing on how to decide on two of the big questions in that five stage process ‘Where to Play’ and ‘How to Win’. […] more
By Phil Kerrigan, TEC Chair – The cost to businesses for such a high failure rate is enormous and at times fatal. I believe ‘leadership’ is a problem. In Peter Drucker’s seminal work Management, he said that management consisted of 4 elements – Planning, Organising, Control and Leadership. ‘Leadership’ is not an end unto itself. […] more
By Ian Neal, TEC Chair – Every business leader wants to lead a winning organisation, so how come so many fail? A great line is “Culture eats strategy for breakfast”. The point being that a poor culture will kill stone dead the very best strategy. A Bain and Company survey has shown that 68% of leaders believe their culture is a source of competitive advantage, 81% believe that an organization that lacks a high performance culture is doomed to mediocrity – yet fewer than 10% actually succeed in building a winning culture. […] more
By Peter Finlayson, Alumni TEC Chair
This month, I had the pleasure of attending an AICD event discussing the (hopefully) impending changes to the insolvency laws by the introduction of so=called “safe harbour defences”. One of the speakers was Adrian Loader of Allegro Funds who, apart from what follows, reminded us of the lack of experience generally in management and on Boards in dealing with insolvency as we have not had a serious recession in Australia since the early 90’s. So it seemed to me that it was time for another wake-up call for TEC members. Continue reading
By: TEC CEO mentor and executive coach Jerry Kleeman
For business leaders, the end of the calendar year is always a time that comes with a mix of relief at reaching the holiday season and excitement for the next 12 months. While this is when many traditional company functions slow down, it’s also when you need to be setting goals that can help to drive your organisation forward. Continue reading
As we see the dawn of a new focus on innovation in our government, it’s the perfect time to look to enterprise to see what innovation looks like in action and how we can drive our businesses to take advantage of the new world which has arrived almost unannounced. Continue reading
For any business leader, it is important to remember that creativity isn’t an endless resource. Over time, a team can burnout and the ideas that used to spark so easily can dry up.
Many CEOs and business leaders can become fixated on concrete measures of business performance. Cash flow, share value and number of employees can all hint at the success of an organisation and are incredibly easy to access.
Success means something different for every business leader. While these successes might not mean anything to others, on a personal level the feeling of accomplishment is undeniable. Continue reading
Every leader will know how important their own skill set is in helping the business grow. Ultimately, a leader needs to have the knowledge, insights and critical thinking abilities to support their broader strategy.
There is a common misconception that business awards are only for large companies with massive pulling power. However, award ceremonies are calendar fixtures in every industry and those that don’t put themselves or their employees forward stand to miss out on a number of advantages.