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Business Goals

Leaders Must React: A framework for responding to unforeseen events

By Business, Business Goals, Leadership, Operations, Personal

On average, dealing with unforeseen issues—takes up 36% of a CEO’s time. This is a significant portion, and not all of these issues necessarily require a leader’s immediate attention.

To assist CEOs in discerning which issues truly demand focus, Nohria, the former dean of Harvard Business School, has developed a framework that categorizes events into four types: normal noise, clarion calls, whisper warnings, and siren songs. The framework also provides guidance on how leaders should approach each category. READ MORE HERE.

When Your Boss Gives You a Totally Unrealistic Goal

By Business, Business Goals, Leadership, Personal

There are many reasons why bosses set unrealistic goals. They may have heady aspirations and subscribe to the popular notion of “big, hairy, audacious goals.” Alternatively, they may be removed from day-to-day operations and not realise the logistical or process-related difficulties of achieving it. Or they may recognise that the goal is unrealistic but face pressure from higher up the food chain or important clients.

In this article, the author outlines steps to try if your boss is expecting the seemingly impossible. READ MORE HERE.

Projections for Australia’s economic future​

By Business, Business Goals

Australia’s sixth Intergenerational Report (IGR 2023) focuses on the combined impact of five key forces: population aging, technological transformation, climate change, rising demand for care services, and geopolitical risks. 

IGRs provide long-term projections, emphasising the significance of demographics, participation, and productivity. The report predicts a slowdown in population growth, an aging population, and a decline in labor force participation. Labor productivity remains a critical driver of economic growth.

Read more here

10 Questions every board director needs to ask about ESG​ ​ ​ ​

By Board & Governance, Business, Business Goals

Companies are increasingly being judged on their ESG outcomes, not just their financial success. This means that of two similar companies, the one with a strong ESG record is likely to be preferred by many stakeholders.​

These 10 questions will help board directors to consider their responsibilities in relation to ESG at their organisation.

Read more here

How your NFP can successfully navigate 2023​

By Business, Business Goals, Leadership, Operations, People & Culture, Personal

Australian not-for-profits must continue to work hard to adapt to a post Covid world whilst facing a never-ending financial squeeze, rapid technological, environmental and workplace changes, and a more promising political situation.

In a recent poll, the issues of most concern to NFP leaders are:

  1. Funding pressures
  2. A difficult environment for fundraising and donations
  3. Rising costs, interest rates and inflation
  4. Growing demand for services
  5. Lack of volunteers
  6. Workforce issues, including recruitment challenges
  7. Cybersecurity
  8. Inadequate governance

Read more here

Global Indicator: ESG – Gallup

By Board & Governance, Business, Business Goals, People & Culture

ESG metrics redefine success in business, moving organisations beyond simply creating wealth toward making the world, the planet and its people better over the long term. Leaders should measure and include the employee voice in their ESG reporting because initiatives and external communications regarding environmental, social or governance efforts need to reflect what their employees are thinking and feeling.

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Growth in responsible investment driven by sustainability concerns

By Business, Business Goals, Operations, People & Culture

Climate change and sustainability-themed investments have grown in popularity as investors look to drive social impact.

The Responsible Investment Benchmark Report 2022 Australia reveals sustainability-themed investments as “the next big trend in Australian responsible investment practice”, with the approach more than doubling from $76 billion in 2020 to $161 billion in 2021.

Read more here

6 Principles of Business Growth.

By Business, Business Goals, Operations

Times are still uncertain in business, which makes having a well-prepared growth plan vital to your organisation’s success. 

By following these six core principles in your growth plan, you can deliver growth that is both sustainable and consistent. The growth process should: 

  1. Be universal. 
  2. Be scalable to achieve different levels of intensity and scope. 
  3. Be replicable to achieve consistent results in various markets, geographies, and customers. 
  4. Be gradual to avoid sudden changes. 
  5. Include optionality (1) to allow different ways of achieving growth. 
  6. Be flexible to adapt to different circumstances and needs. 

Following these principles to establish a strategic growth plan, can ensure that your organisation is here for years to come. 

Read more here