Leadership and the makings of a leader
Being a leader is tough. Nobody knows the future. Everyone has an opinion, some a predictive model, and many just a level of optimism that they are right. What most don’t have is the burden of consequence. That burden is for the leader to bear alone. A “leadership” team will argue that they have shared blame for an adverse outcome. What sets the leadership team apart from the leader is unexpressed doubt. Doubt over whether the team is right or wrong and the knowledge that getting it wrong will have a material effect on the lives of employees, stakeholders, and shareholders. Please enjoy this business minute as I discuss the difference between being a leader and demonstrating leadership. As always, please let me have your comments.
The impact of change on the financial ratios.
For a transformation to be considered well-conceived, the executive and transformation leadership should be able to describe how the introduced changes will impact the financial ratios. How will the ratios move as result of the transformation? Without this understanding benefits realisation becomes more of an art than a science. As always, please let me have your questions or comments.