Developing businesses of the future, better workplaces and better outcomes
There is no cure for birth and death save to enjoy the interval.
- George Santayana
The Chartered Institute of Management Accountants (CIMA) produce a range of 'Topic Gateways' which are intended as a refresher or introduction to topics of interest to their member
s and others involved in the practical application of finance within organisations.
This Topic Gateway explores a range of analysis tools include SWOT and PEST analysis, Porter’s Five Forces and Value Chain Analysis etc.
To download this Topic Gateway Click Here
If you want to have successful teams in your organisation, make sure you have successful leaders. What do I mean by this you ask? The way a team is led will have a major impact on the success or otherwise of the team.
What do I mean by this you ask? The way a team is led will have a major impact on the success or otherwise of the team.
In fact, when I asked team members from within a large financial institution what they wanted from a team leader they identified the following values they would like their leader to hold.
What do I mean by this you ask? The way a team is led will have a major impact on the success or otherwise of the team. In fact, when I asked team members from within a large financial institution what they wanted from a team leader they identified the following values they would like their leader to hold.
- A commitment to their staff as well as the task
- The willingness to support and serve the team
- Inspirational leadership, combined with energy, enthusiasm and appropriate expertise
- The guts to take responsibility rather than pass the buck
- The glue to make the team come together and operate as a team
- A willingness to have fun!
I’ll explain each of these in more detail. (more…)
Many leaders recognise the value of a SWOT analysis for their companies. Understanding a business' Strengths, Weaknesses, Opportunities and Threats gives leaders a new perspective on what the organisation does well, where its challenges lie and which avenues to pursue.
However, few people realise that a personal SWOT analysis can do the same for an individual in pursuit of his or her career goals.
The SWOT analysis was first devised as a business tool in the 1960s by business icons Edmund P. Learned, C. Roland Christensen, Kenneth Andrews and William D. Guth.
In 1982, Heinz Weihrich took it one step further, constructing a 2-by-2 matrix to plot out the answers to the four key questions for easy comparison. Strengths and Weaknesses were across the top, and Opportunities and Threats in the bottom row. This remains the most common and effective way to conduct the analysis.
It is vital that when recruiting new members of staff you follow an agreed process that meets all current legal requirements.
This example Recruitment & Selection Policy needs to be viewed alongside any current employment law and your own internal policies and procedures.
To download this resource: Click Here
Tony Robbins is a pioneer in the personal development space, but his book on finances is like a graduate course in college.
A novice in finance could read this book and walk away an expert.
Tony takes complicated financial strategies and distils them down to the average reader’s level.
Money is not everything in life, but it is important, especially in the business. There are many entrepreneurs who are great at making income but are clueless as to how to make their money work for them through investing.
You started your business to create freedom, Tony’s book can help you take that freedom to a level you didn’t think was possible through the right investment strategies.
Learning styles were developed by Peter Honey and Alan Mumford, based upon the work of Kolb, and they identified four distinct learning styles or preferences:
Activist, Theorist; Pragmatist and Reflector.
These are the learning approaches that individuals naturally prefer and they recommend that in order to maximise one's own personal learning each learner ought to understand their learning style and seek out opportunities to learn using that style
To understand your particular learning style Honey and Mumford have developed a Learning Style Questionnaire [see Team Leadership Activities] and with this information, you will be in a far better position to do three really useful things [quoting P. Honey]:
- "Become smarter at getting a better fit between learning opportunities and the way you learn best. This makes your learning easier, more effective and more enjoyable. It saves you tackling your learning on a hit-and-miss basis. Equipped with information about your learning preferences, you'll have many more hits and fewer misses."
- "Expand the 'bandwidth' of experiences from which you derive benefit. Becoming an all-around learner, increases your versatility and helps you learn from a wide variety of different experiences - some formal, some informal, some planned and some spontaneous."
- "Improve your learning skills and processes. Increased awareness of how you learn, opens up the whole process to self-scrutiny and improvement. Learning to learn is your most important capability since it provides the gateway to everything else you want to develop."
However, to be an effective learner you should also develop the ability to learn in other styles too. (more…)