What had gone wrong? I believe the business had lost sight of the basics. There was a lack of effective leadership, little strategic direction and a dearth of reporting capabilities. Not only had business plateaued, the company had lost direction and stalled. It was missing clarity and a strategic plan.
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I have been consolidating my thinking this year – being forced to stay home tends to sharpen your focus on the important things, I’ve discovered – and have calibrated my internal compass. This has given me a clear direction for the next decade in terms of what I want to deliver to the world.
I guess you could call this my ‘how’ stage of thinking. I’ve always been very good at the ‘what’ – that is, working out what I want to achieve – but it was time I pushed myself into the ‘how’ – that is, how I will go about achieving those goals.
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We hear it all the time in business, especially in times of crisis: We all need to step up. Well, if ever there was a time to do that, now is it. The COVID-19 crisis will only exacerbate the frustrations I was already seeing at levels below the CFO in many organisations. Group finance managers in larger multinational organisations have long been telling me about the challenges…
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I have talked a lot about strategy, including having a 10-year plan and clarity about what is important. But I was challenged on this at a women’s networking function I hosted recently. The question was: isn’t a linear 10-year plan too rigid, going against all my ideas about allowing for new thinking and looking out for opportunities?
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Two of the situations I regularly find myself in thanks to my various roles are committee meetings and networking events. Both scenarios have taught me a lot about getting the best out of the people around you, and out of yourself, whether you are ‘in the chair’ or ‘out of your chair’ at the time. Let me explain …
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Do you ever get the feeling the word value is used so liberally these days that it has lost its value? We’re constantly being told what ‘value for money’ we’re getting when we make purchases; that a service provided is ‘good value’; or that we need to ‘value add’ in our own workplaces.
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