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Decision making during uncertain times

Making right and quick decisions is a challenging task, even during normal circumstances. Making bold decisions during an unprecedented crisis is one of the hardest things for a leader to face. Postponing decisions until leaders have all the information they need is an approach that makes sense during business as usual – however in the current economic climate, decision making is defined by uncertainty and urgency and waiting to make a decision is simply not an option. The balcony perspective Any military officer would know the importance of maintaining the capacity for reflection, especially in the “fog of war”. Similarly, great athletes would simultaneously observe and play the game to win

Leading remote teams during a crisis

The unprecedented events rapidly unfolding over the last few weeks have impacted everyone on both, personal and professional levels. The human impact of the current crisis is tragic, and business leaders have a responsibility to protect their employees, address the risks and mitigate the outbreak in every possible way they can. Business as usual doesn’t exist anymore as many businesses have now changed their well-established business plans and strategies in response to the crisis and asked their workforce to work from home, to follow official advise on social distancing and self-isolation to protect others and help to slow down the spreading of the virus. The increasing uncertainty and anxie

Leading during difficult times

The global economy could be heading towards another recession as a result of the coronavirus. The panic over the spread of the virus has caused the FTSE100 to suffer its worst day in more than 30 years last week, with over half a trillion pounds knocked off its value over the last month as a result of the changing economic climate. The coronavirus has now reached the highest levels of the government, sporting and entertainment world, with some countries shutting their borders and taking extreme measures to prevent the spread of the illness. As a result, businesses are seeing their workforce working from home, events being cancelled and supply chains being under extreme pressures to meet the

Bringing gender balance into the workplace

Diverse teams are more productive, more innovative and more engaged. They also improve company culture and boost financial performance. According to LinkedIn, 78 percent of talent professionals see diversity as a top hiring priority and gender diversity in particular is a number one issue. The latest Women in the Workplace report shows some positive progress in this area as female representation is on the rise, however only one in five executives in the C-suite is a woman today and they remain underrepresented at all levels. The broken rug Over the last years, there has been an increasing number of companies that see value in having more female leaders on their boards, proving that they can

Preparing for a leadership transition

Despite training and experience, 74 percent of new leaders feel unprepared for their new role, and in the first 18 months almost half of them don’t fulfil expectations. According to a McKinsey study, leaders rank organisational politics as the main challenge – 68 percent state issues related to culture, politics and people as the main reason, and 67 percent of leaders wish they had moved faster to change the culture. With the speed and magnitude of organisational change, senior executive transitions are becoming increasingly common. CEO turnover rates are on the rise, and as 69 percent of new CEOs reshuffle their management teams in the first two years, transitions affect people at all level

 

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