Home

1 (800) 363-1207

Executive Management and Leadership

Australian health foundation, VicHealth, recently published a report stating that the Australian economy is losing $730 million per year due to overworked and overstressed employees. The report found that 13.2% of men and 17.2% of women were depressed as a result of job strain, directly impacting employee productivity and ROI, and costing employers an average of 8,000AUD per person, per year.



According to Russell Reynolds in a recent article in the FT, ‘Little Change For Board Gender Imbalance’, European organisations are making slow progress in adding women to their boards, ‘Women account for 11.7 per cent of board seats at the top 300 European companies, up from 8.5 per cent in 2008...But only seven women hold chief executive or executive chairwoman positions and one in five companies still has an all-male board.’



Profit and Loss (P & L) responsibility is one of the most important responsibilities of any executive position. Having P & L responsibility involves monitoring the net income after expenses for a department or entire organization, with direct influence on how company resources are allocated. Those with P & L responsibility often give final approval for new projects and are required to find ways to cut budget expenditure and ensure every program is generating a positive ROI.

The global economic crisis has led to customers downgrading their purchases in terms of both quantity and quality, and are asking harder questions about how your product or service is truly differentiated from others. In ordinary business situations, and especially during economic downturns, the power of a brand can truly never be underestimated in answering this basic consumer need.
brand

Many senior executives aspire to becoming a CEO - the ultimate goal of a successful career. So what does it take to be a CEO? To gain an idea we asked Jim Morris, a Manufacturing CEO and member of BlueSteps, to comment on what he thought it takes to lead from the top position:

Have you ever thought about what makes a great leader? There have been a number of books written on the subject but many go too deep and fail to communicate the key principles needed for successful leadership. Motivating people and getting them excited about their contributions to company success is vital to successful leadership. When executives work together with no agenda other than creating greater company value, there are no limits to accomplishment. It is a Leader’s responsibility to create that atmosphere and grow it within the workforce.
 
Interpersonal relationships are the greatest challenge for leaders in business, especially for those in senior executive management positions. As a leader you must prepare to operate across many racial, social and generational lines, and accommodate multiple working styles. Each situation, team and organization requires a specific approach. Gain a competitive edge in leadership positions by following the 6 critical steps outlined below by Adriana Prates, president and founder of AESC firm, Dasein.
 

Trust and Communication – The Keys to Successful Teams

Today, with business competition, customer expectations, new technology, and many other developments, it is more critical than ever to build teamwork in your organization. The many challenges that your organization faces, the more critical it becomes that teamwork is effective. The key elements to successful teamwork are trust, communication and effective leadership; a focus on common goals with a collective responsibility for success (or failure). However, without trust and communication the team will have difficulty functioning effectively.

 

Having survived four major recessions in my international career including the regional crisis in Asia during the SARS epidemic, the currency collapse in Argentina, significant subsidy reductions in the Indian Ocean Islands and now the latest recession gripping the US in 2008-2009 there remains one common thread across them all – the critical need to ensure corporate alignment from top to bottom through these economic tough times.

Communication Strategies

As companies head into recessionary periods the same type of corporate behavior typically takes place:
Looking over the landscape of opportunity now, as compared to ten years ago, we begin to realize the level of evolution that has occurred within the technology that manages our day to day life.

Looking back ten years, concepts such as Wikipedia, Google Maps, or iPods did not exist, but now they are all common words we speak or refer to daily.