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Business Goals

Oct 02
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How To Get Comfortable Taking Risks

By Business, Business Goals, Career Development, Leadership

Australian Super recently recorded a significant write-down of $1.1 billion after investing in an overseas video training company. The CIO defended this loss by emphasising the risk/return ratio, noting that good returns often come with inherent risks. While this principle is a cornerstone of business, it’s easy to overlook in a more risk-averse environment.

This Forbes offers insights on embracing risk, suggesting techniques like fear testing (considering worst-case scenarios) and dream testing (envisioning best-case scenarios). Ultimately, the greatest rewards often require a strong appetite for risk.

READ MORE HERE

Jun 05
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Not For Profit Leader’s Report – Strategic Planning

By Business, Business Goals

Effective strategic planning remains a significant challenge for leaders in the not-for-profit sector, with ongoing economic, environmental, and political uncertainties constantly emerging. The recent NFP Leaders Report on Strategic Planning from HLB Mann Judd provides guidance on:

  • Strategic planning insights
  • The importance of accurate forecasting in your planning process
  • Understanding cyber risks and what you can do to protect your organisation
  • What technology is right for your organisation
  • Governance & risk management controls you should have in place

READ MORE HERE

Jan 23
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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.

Jan 23
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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.

Oct 26
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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

Apr 27
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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

Apr 04
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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

Oct 06
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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.

Read more here

Sep 30
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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

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