How the Best Leadership Teams Navigate Uncertain Times

I came across an article discussing leadership. Here are a few snippets that you might find interesting:

Whether it’s inflation, rising interest rates, supply-chain disruptions, geopolitical tensions — there is a lot happening in the global economy. And on top of those forces, consumer expectations are increasing, competition is intense and investors are raising the bar. There’s never been a more challenging time to be a CEO or member of senior management.

Given the complexities, it is no surprise that some companies are performing exceptionally well, a lot are doing just ok and there are others struggling to keep up. Based on my latest discussions with more than 100 clients across industries, what I’ve seen is that the outperforming companies have leadership teams with the following seven factors in common:

• They create a “company-first” culture.

Senior leadership teams are typically made up of individuals who are highly skilled in their domain — but what’s different at high-performing companies is these leaders embrace a company-first culture. This means doing what’s right for the business and your people, instead of driving individual agendas or objectives. One CEO of a high-performing industrial company shared that being part of his leadership team is like being on a sports team: “The team comes first, not the star individual.”

• They think and act across the enterprise.

High-performing teams recognize that their role extends beyond the individual unit they manage, and they operate across silos. One CEO of a leading digital bank shared with me that his team’s enterprise-focused mindset drove a reimagined customer experience resulting in industry-leading efficiency ratios. They achieved this by sharing data across the enterprise and committing to one set of data governance rules.

• They maintain a relentless focus on reinventing the business.?

Too often CEOs and senior leadership focus the majority of their time on running the business, while the portfolio and business-model reinvention takes a back seat. Strong companies are putting the bold reimagining of their business at the top of the agenda.

Bold actions include running the business with unparalleled discipline, managing costs, simplifying wherever you can, and pulling on every lever to win. Taking bold action also involves reshaping portfolios while reinventing the back, middle and front offices—with a sense of urgency.

Want to know more? Head on over to the full article here for more ideas and perspectives. Afterwards, why not drop me an email to share your thoughts at [email protected]; or call me on 0467 749 378.

Thanks,

Robert