Make worthwhile and lasting change in your business that inspires people, delivers results and improves systems.
All tagged Strategy Execution
THE GUIDE | The key building blocks to guide the process of strategy to execution. Answering strategic questions will form the basis of the key components to the Company Strategy building block. Constantly monitoring the industry, market and economic trends is critical for setting and achieving your strategic objectives.
Jo Hands is talking about simplicity. It's a theme for 2021... Companies want to drive simplicity, and many CEOs we are talking to consider this to be a key area of focus. As companies grow, shrink and change, they find themselves more complex. But where does it come from? Ultimately complexity is driven by core business functions: process, policy, systems, operating models, and is fuelled further by unclear decision-making.
Jo Hands explains why you need to measure what matters. So much data, so many reports means we’re not sure what we should measure; inactivity of red metrics… Metrics not measured against targets. Targets are soft. There are all issues that we hear from our clients.
Jo Hands talks about the importance of simplification and where to start when trying to simplify in your own business. Companies create complexity as they grow, and action is required to change. You don't want to shave around edges, so instead create a set of criteria - and be very clear on what must change. Then build a program of work around this.
Jo Hands is talking perspective. She explains “There are things in life that result in an increase in perspective. It's normally something unpleasant. So it takes some unpleasant to happen to you or someone you love to create perspective. The perspective needs to be strong enough to drive a change in behaviour. The perspective needs to be consistent / enduring enough to make long term sustainable change.”
Jo Hands explains how to effectively navigate change. When it comes down to it, change isn't easy. Most people resist it. Most people find a way or an excuse not to change. It's human nature. But change is inevitable and for high performing companies a must. So as a leader you need to determine, how to navigate change?
Jo Hands writes about Covid19 - and whether it will make or break you… We have had a year of ambiguity and we will never go back to ‘normal’ for some industries and companies this has meant growth / opportunities and for others it has been meant something quite different.
The Guide to Getting Your Business Ready for Sale | To maximise the value of your business on exit it’s imperative that you commence strategic planning work at least 18 months to 2 years out from sale. Key elements that need to be considered in your strategic plan include...
Change is not easy. There are so many leadership books around change. Leading people through change, the change curve etc stories to tell people, videos to get people engaged and management courses on how to navigate it but change is a strange thing….
From a recent poll on LinkedIn, 50% of people responded that resetting strategic priorities was a key focus area for 2021. It makes sense, 2020 was a very different year to what people had planned. Companies pivoted, reacted, and made decisions that were focused on survival. Survival mode was the ultimate focus; do we have enough cash in the bank?
Charlie Nelson, Director at foreseechange, writes about managing uncertainty - unpacking three key strategies. A recent survey by Whiteark found that people in business were more concerned about uncertainty than any other issue. This is understandable given the shocks of the past year, including extensive, tragic bushfires, the COVID-19 pandemic...
Browse and download the Whiteark guide to Zero Based Budgeting (ZBB). This is a method of budgeting where all expenses are justified at the beginning of each new budget cycle and all assumptions documented. We explore the benefits and challenges of ZBB and the 7 steps required to build your own.
We know it’s cliché, but “what gets measured, gets managed”. A transformation program is undertaken to enhance an organisations performance and boost its health; it is fundamental to the success of your transformation that you measure your progress along the way.
When leading people through change, the most effective leaders devote substantial effort in engaging everyone involved in the change, and understand that people need time to adapt to the change. There are six key competencies required…
According to McKinsey, organisations that have focused on innovation during the recovery of a crisis came back 30% stronger than companies who did not. Concentrating on the long term and planning for growth rather than survival will help gain a competitive advantage during the recovery.
Getting your transformation right is more important than ever. We are approaching the pointy end of 2020 and it’s time to think strategically and anticipate, and prepare what your business will look when the new normal emerges.
According to Gartner, five areas of digital commerce are being transformed due to the effect of Covid-19 on customer behaviours and businesses accelerating their adoption of online and digital alternatives.
To maximise the value of your business on exit it’s imperative that you commence strategic planning work at least 18 months to 2 years out from sale. Key elements that need to be considered in your strategic plan include: Key businesses drivers, competitive environment, potential buyers, global mergers & acquisition.
It’s not complicated, confusing or easy to manipulate, it doesn’t lie and shows the real health of a business. Even non-accountants understand cash as they all have to manage their personal cashflow – to ensure there is more inflows than outflows and …
COVID-19 has caused disruption for all businesses across Australia, whether it be positive or negative. One of the impacts that has been positive is that it has sparked digital acceleration for many companies and industries. Companies have been forced to scramble, improvise, and …
