Contribution from Subject Matter Experts (SME), General Information - Miscellaneous, Leadership

The Six Fundamentals of Business

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When one explores the concept of business, one will find wide interpretations of what constitutes the fundamentals of business that apply universally. One can find hundreds (if not thousands) of interpretations of such principles – every commentator attempts to put a unique spin on this to justify their value and contribution. The reason they are incorrect or inappropriate is that one can find legitimate contexts where the proposed principle doesn’t apply, therefore that principle isn’t universal. There are six fundamentals that apply in all business situations, are they are: 1. The business exists to further the objectives of its owners. When one examines the mission statement of many of the world’s leading corporations, one will inevitably find references to the satisfaction of stakeholder objectives. These references not only acknowledge the owners of the corporation, but often, also identify other stakeholders such as employees, the community, the government, suppliers, and of…

Contribution from Subject Matter Experts (SME), General Information - Miscellaneous, Leadership

It’s Wells Fargo Again: A Pattern of filing false documents

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This is how Warren Buffett spelt out that trouble is not over at Wells Fargo, and that the cleanup operation has still far to go. This is related to the finding of another 1.4 million unwanted accounts opened under the name of unaware clients, as reported in yesterday’s New York Times (see note 1 for link). In my articles published on June 15th 2017 and October 26th 2016 (see links in note 2) I expressed that the Board had not understood the situation it is in if it went ahead to appoint Timothy J. Sloan, a 30-year Wells Fargo veteran and member of the senior management team when the original scandal erupted, as new CEO after the ousting of Jon Stumpf. I predicted that bad news would keep on coming and supported this statement on the obvious fact that a sick corporate culture cannot be cured from within. Facts are…

Contribution from Subject Matter Experts (SME), Leadership

Corporate Governance: The need for critical thinking on Boards

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I highly recommend reading a story titled ‘It is time to reform the make-up of corporate boards’ run by the Financial Times on January 3rd 2018. Over and above the structural changes that need to be made, it states the need for Board members to change their stance from one of justification of the status quo to one of hard-questioning how business is done. This is the criticial thinking that CEO Mentoring has been claiming of BoD for a long time.

Contribution from Subject Matter Experts (SME), Leadership, Minimising Risk, My Professional Growth, Top questions to ask

How to tell if you need a Mentor?

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People often assume that leaders automatically come up with the right answers because of the position they hold. The thought is that “they wouldn’t be leaders if they didn’t come up with the right solutions most of the time.” One would like to think so, but the reality is different. The leader of a business or organisation on Monday morning, may have ‘only’ been an executive last Friday. On Friday, they were good, perhaps very good, but not perfect. How did they become perfect over the two days between subordinate and boss roles? Leadership is as much about learning, evolution and personal growth as it is about the innate skills of leadership. The reality is, they didn’t. One of the ways that the gaps in skill, experience or world-view can be filled is by using a suitable mentor to assist the leader contemplate and make key decisions. A mentor should…

Contribution from Subject Matter Experts (SME), Fashion & Retail, General Information - Miscellaneous, My Professional Growth

Top 10 Tips for reducing discounts – Beat #BlackFriday!

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Black Friday started in the USA and now it has become normal among most UK retailers. When you have more items on sale rails than on the rest of the floor, there are a number of things you can do, however, rolling your eyes and blaming the increasingly unpredictable British weather shouldn’t be one of them. The only rolling going on should be you rolling up your sleeves and taking serious action. If you want to make more money from your stock, it’s time to start working in a different way. Please note that the comments below refer to a multilabel store however the logic applies to all mono brand stores. 1 KNOW YOUR NUMBERS In order to avoid discounting, you need to understand what you are selling each month: what are your best sellers and where are the problems in your shop? I spoke to a retailer recently who…

Contribution from Subject Matter Experts (SME), Human Capital, Leadership

Pitching to the Chairman

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If you’re trying to pitch an idea to the Chairman of the Board, here are a few tips that might help you: Pitch the concept efficiently and briefly: what does the Chairman need to know and understand to support the request? Pitch your message strategically: what are the medium to longer-term impacts and benefits for the organisation? Be professional, objective – and leave your ego at home Demonstrate the value to the business – specifically, how will it contribute to the organisation’s KPOs Briefly explain the operational requirements and impacts and its “do-ability” Understand stakeholder impacts (and what will be done about any negatives) Understand and explain any regulatory and compliance impacts (and what will be done about any negatives)     FREE E-BOOK ON HOW TO IMPROVE THE EFFECTIVENESS OF THE TOP MANAGEMENT  & BETTER UNDERSTAND COACHING / MENTORING – Click on the image.

Contribution from Subject Matter Experts (SME), Human Capital, Leadership

3 Places You Wouldn’t Think You’d Find a Mentor

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This article brings to the fore the huge complexities of managing a modern career. The massive amount of information, the speed imposed by technology, the need to get things done through others over whom we have little power, the push for innovation, the imperative to collaborate and set up partnerships,…exceed the bandwidth of any human mind…our traditional heuristics have become obsolete. We need help and Jud Linville (CEO of Citi Cards) is concluding that mentors can be the answer. But how do you find the right mentor? READ THE FULL ARTICLE in Fortune Insiders. CEO Mentoring does not only find the right suitable mentor but will also have available Subject Matter Experts (SME) to ensure the Mentor and the Client have the right expertise on board at any one time.   CLICK – Access your free mentoring session!

Contribution from Subject Matter Experts (SME)

Social Media Thought Leadership As A CEO 2/2

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Did you know that content shared by the owner of a business receives 8x MORE engagement than content shared by a business social media account? There has been a significant shift in the way a business communicates with their customers online. It’s time for you to change your mindset, and think about social media as part of your “customer experience” journey. What does the phrase “social media” mean to you? Does it mean a way to connect with friends and family, or is it just another phrased used to define the route to market a business online? Let’s take the first word; social. The meaning of this word is often forgotten when people talk about social media and the idea of delivering a social experience. Just like Scott Cook said; “A brand is no longer what we tell the customer it is. It is what customers tell each other it…