It is irrefutable that the \u00a0business community faces unique and difficult challenges, as globalisation and technological advancement continue to surge forward. \u00a0The neo-liberal economic Well of everlasting growth and prosperity, dug by Thatcher and Reagan in the 80s, while perhaps not having run completely dry, is certainly showing itself to be not quite as ‘everlasting’ as they had hoped. \u00a0Environmental sustainability is making an essential, and long overdue, impact on the way we conceive of and develop\u00a0our economic\u00a0interests. \u00a0 The future is dark if we don’t shape our business practices in a way that accords with these challenges. \u00a0Whether in a small business or multi-national, the obvious staring point is making sure we have good leaders.<\/p>\n
Inspirational leaders need time, and trust. \u00a0A business leader needs a sense of security in their decisions\u00a0before they can do work that inspires others. \u00a0And this is best achieved through remuneration packages that reward long term vision\u00a0rather than short term goals. \u00a0 Further, an element of risk taking needs to be encouraged, without the leader necessarily bearing the consequences of failure personally. \u00a0Failure is often, although not always, as stepping stone in the journey to success.<\/p>\n
An essential element of this is that leaders should be provided with enough time to achieve goals. \u00a0 Too often, organisations underestimate the length of time it takes for a particular vision to disseminate through an organization from the top, and then begin to get the desired results. \u00a0Head Coach of NRL club Newcastle Rick Stone, having recently lost his job at the club for the second time<\/a>, \u00a0was this time given less than one whole season before being axed. \u00a0 The new coach has been told to make the finals next year, and win a premiership within 3… or else. \u00a0For an organisation that are not only failing on the scoreboard, but would appear to be suffering a fundamental cultural crises, these are brave words. \u00a0 \u00a0Saying that you want something really badly<\/em>, doesn’t increase the chances of that thing actually happening. \u00a0Whereas focus on broader, longer term growth objectives are surely better, even if a little more difficult to articulate.<\/p>\n
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