Insights, Articles and Blogs
Blog 6 of 6: Operational Process and Measurement
In the realm of business operations, efficiency and effectiveness are not merely goals; they are imperatives for sustained success. Establishing robust operational processes and precise measurement systems is crucial. Here’s how organisations can streamline their operations and enhance their decision-making capabilities.
Blog 5 of 6: Market Focus and Branding
Too many New Zealand businesses are too humble and try to grow in secret. We need to defeat the ‘tall poppy’ syndrome of NZ business. In the competitive landscape of modern business, must be bold and have a clear market focus and a strong branding strategy is essential. Companies must not only understand their addressable market and competitors but also truly know and connect with their target audience. Here’s how businesses can refine their market focus and elevate their branding to stand out and succeed.
Blog 4 of 6: Communication and Collaboration
We discovered that businesses often struggle with a lack of clear vision, strategy, and goals. This absence of clarity hampers their ability to effectively execute strategies and prioritise efforts. Consequently, this results in misalignment, leading to the inefficient allocation of scarce resources to areas that do not add value. Here are six themes that business leaders have identified to help mitigate these issues:
Blog 3 of 6: Human Resource and Capacity Management
42% of businesses indicated that they lacked adequate staff capability and expertise in essential roles. They found it challenging to recruit and retain qualified staff and were unable to identify crucial training and growth opportunities. This shortfall in capacity presents challenges in managing workloads and obstructs the scaling efforts of businesses. Here are five concepts that help mitigate these challenges and allow business to sustainably grow and succeed:
Blog 2 of 6: Strategy Execution and Alignment
We discovered that businesses often struggle with a lack of clear vision, strategy, and goals. This absence of clarity hampers their ability to effectively execute strategies and prioritise efforts. Consequently, this results in misalignment, leading to the inefficient allocation of scarce resources to areas that do not add value. Here are six themes that business leaders have identified to help mitigate these issues:
Blog 1 of 6: Leadership and Accountability
Commonly, business leaders struggle with undefined roles and responsibilities, resulting in a lack of accountability. This often leads to inconsistent decision-making and unclear direction. Additionally, leadership development and succession planning tend to be neglected in favor of daily operational tasks. From our research here are 6 key themes the business leaders have identified to help address these.
Unveiling Key Challenges Facing New Zealand's Medium-Sized Businesses
We have recently unveiled some insightful analysis from a comprehensive study of 75 medium-sized businesses (MSBs) in New Zealand. These businesses, defined by their staff numbers ranging from 20 to 150+ employees and annual revenues of $5m to $30m, play a pivotal role in the nation's economy. This blog is the first in a series of blogs we will release on our findings.
Market Update: May 2024
We are constantly asked what we are seeing across the many businesses and many industries that we are supporting with Strategic Advice. We work closely alongside 10 strategic partners and also seek their insights. This is at the Board and Executive level for Strategy, Strategy Implementation and Executive Leader Development.
This video gives a snapshot of our and our partners, insights as of May 2024.
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Thought to Action: Signals of Strategy Implementation
At a presentation for the Canterbury Institute of Directors, I delved into the intriguing world surrounding "The Signals of Strategy Implementation." It was a deep dive into the visible and hidden hurdles that can stymie an organisation's strategic ambitions. The crux of the discussion? How Boards of Directors can spot these obstacles early and navigate around them, ensuring the company's strategic objectives are met whilst enabling the CEO & Management team to take action.
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Deciphering the Strategy Maze: 8 insights for Medium-Sized Businesses.
In the ever-evolving landscape of medium-sized businesses, crafting a coherent and effective strategy can be a perplexing challenge. It often pays to back a central idea instead of spreading yourself too thin across various concepts.
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Navigating Mega-Trends: Small Businesses in a Dynamic World
Small businesses form the backbone of economies worldwide, serving as catalysts for innovation, job creation, and community development. However, in today's rapidly evolving landscape, small businesses face a host of mega-trends that can either propel them to success or present significant challenges
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Middle Managers are the Linchpins of Strategy Implementation
Creating strategic plans to win in your market is actually the easy bit! What we hear all too often, is that mid-level managers are left in the dark about the plan. This article will discuss how middle managers serve to play a critical role in medium-sized business success by communicating vision, values and strategy to their team members and ensuring that they are successfully implemented.
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Understanding your Leadership Legacy- 4 things to consider
No one sets out to be someone's bad leadership reference point, it just happens. So, how are you going to ensure you don't end up being a poor leadership story that is told through those below you? .
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Busting 8 Business Leadership and Management Myths
Are you flexing your business leadership style to suit the situation? There are so many articles that try to position leadership versus management, it’s a leader versus a boss etc. However these ‘either or’ are traps for leaders which in all likelihood leave leaders bewildered and feeling that they are letting the side down. The truth is that leaders need to be able to draw on a spectrum of approaches and management styles to suit any given situation.
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Passing the torch: Our take on effective Board succession planning.
In today's rapidly changing business landscape, effective board succession planning is more crucial than ever. It involves identifying, developing, and transitioning capable leaders to ensure continuity, innovation, and sustained success.
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Navigating succession. (not the TV series…) our take on what good looks like.
Succession planning is an essential part of any business’s effective governance. It’s a process that helps ensure the continuity of leadership and the stability of an organisation, no matter what challenges it might face.
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The importance of having a leadership philosophy
A leadership philosophy is a set of core values, beliefs, and principles that guide and inform how you lead. It’s the foundation from which you make decisions, take actions, and develop your own unique style of leadership. How do you create one?
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Thriving in Challenging Business Environments
In the face of a challenging business environment, many business owners feel a sense of uncertainty. It’s difficult for business leaders to make decisions that will ensure future profits and growth and retention of market share. Here are some tips on how you can stay competitive and thrive in a challenging market.
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We are Disrupting the Market....Not Really!
Disruptive strategy, first introduced at Harvard Business School in the 1990s, is a concept that has had a significant impact on the business world. The idea behind disruptive strategy is that companies can achieve success by targeting and serving overlooked or underserved segments of the market, rather than competing directly with established players.
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What is succession planning?
Succession planning is a crucial strategy for businesses and organisations to ensure future stability and continued success. Good succession planning can help protect your organisation against the risks of turnover, ensuring that it has access to the right talent, with the right skills at the right time.
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