This month the theme for a group of emerging Irish born leaders that I chair in Melbourne is leadership.
I saw some recent research that suggested that four out of five executives were dissatisfied with the the leadership in their organisation and I often hear that most people leave an organisation due to the performance of their immediate supervisor. There have been many books and articles written on the subject of leadership over the years and everyone I meet has an opinion on leadership. They also are quick to tell you about the terrible bosses that have worked for.
If its so important, why do we have so many who are not up to the task ?
Often I suspect that poor leadership is a result that many are promoted to a leadership position due to the fact that they are good at their current job. The article below is one worth reading to stimulate discussion as we need to keep having robust discussion on this topic particularly as our next generation of leaders are faced with a fast moving world where change is constant.
Why do successful people use a mentor? Because it works. Family business should consider engaging professional mentor for the next generation working in the business. They sometimes only know one way and that is what they learn from their parents. Mentors bring a different perspective through their wide experience and knowledge. READ THIS POST
Often families in business have grown well past their original capacity to manage key areas of the business that are key drivers and enablers for the business to be successful into the future. Business founders need to accept that they don't have a mortgage on important compliance and essential people dynamics. READ THIS POST
Andrew and Denise Harte arrived as back packers in 2011 looking for work and started by taking anything they could get. Then from their one bedroom flat they started a business which now is heading towards many $ million turnover with 150 employees. Belief in themselves and a never give up attitude, typical of many family business founders. READ THIS POST
When your family business becomes a large small business it is essential that you recognise as a founder that you no longer have the ability to stick your nose into everything. You have to change your business model and let go and delegate. READ THIS POST
Is opening the family board or establishing an advisory panel to non-family members going to improve your performance? Yes – definitely! In any family enterprise, commercial, manufacturing or agribusiness, you should take the position that you are custodians for future generations. Good governance, policies and planning is about building wealth in the long term. READ THIS POST