The four steps to developing your business strategy

This week, I had the privilege of spending some time with post-graduate business students from the local university. The topic for discussion was creating a business plan. The conversation gave me an opportunity to reflect on the matter and put some of my thoughts in writing. Following are the four ‘C’s to consider when developing…

Core competence – Individuals in the organisation

We’ve discussed the strengths/weaknesses theory previously, but how does it work best in an organisation? One’s management of one’s strengths and weaknesses is critical in managing one’s self and career. Most people don’t quite know what their weaknesses are, let alone their strengths. Identifying them through self-analysis and feedback-analysis is an important starting point. Doing…

Pursue your strengths and give back until it hurts

Following are my notes from a recent talk at the Perth Young Professional meeting on 23 April 2015. The world is changing at an accelerated pace. Five-year and three-year plans are no longer reliable. They are almost redundant. The taxi industry, for example, would never have predicted the transformation of its business model three to…

Strengths and Weaknesses

Something I’ve learnt in management over the years is how to deal with a person’s strengths and weaknesses. There is a tendency amongst many managers to focus on weaknesses of employees and constantly work to improve them. I believe addressing weaknesses is an individual pursuit and should not be a major focus of management. Of…