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The Role & Responsibilities of the Company Board

The Role & Responsibilities of the Company Board

by | Dec 29, 2021 | Board & Governance, Board of Directors, Business - General, BusinessFitness, Culture, Excellence, Growth, Leadership, NEDs, Non-Executive Directors, Profitability, Strategy, Success, Valuation

Many small and medium sized business owners believe that they don’t need a board for their company, but nothing could be further from the truth. In fact, SMEs benefit even more from the experience and skills of a proper board than large ones, and by understanding the...
Drive your Business by Looking Through the Windscreen Not the Rear-View Mirror

Drive your Business by Looking Through the Windscreen Not the Rear-View Mirror

by | Dec 22, 2021 | Board & Governance, Business - General, BusinessFitness, Excellence, Growth, NEDs, Non-Executive Directors, Profitability, Strategy, Valuation

One thing I’ve noticed with board meetings over some 30 years of attendance is that far too many of them spend almost all the time on past results. We drive a car by looking primarily through the windscreen at the road ahead, not the rear-view mirror, so why don’t we...
“In the end, all business operations can be reduced to three words: people, product and profits. Unless you’ve got a good team, you can’t do much with the other two.” – Lee Iacocca

“In the end, all business operations can be reduced to three words: people, product and profits. Unless you’ve got a good team, you can’t do much with the other two.” – Lee Iacocca

by | Dec 13, 2021 | Business - General, BusinessFitness, Culture, Customers, Excellence, HR & Personnel, Leadership, Motivation, Pandemic, COVID, Profitability, Success

Lee Iacocca, who led both Ford and Chrysler during his career, clearly understood business. As he said, although people, product and profits are the elements of business operations, you’ve got to have a good team for the other two to work properly. Too often, though,...
How to Fix the Costly Lack of Technology Understanding in Business

How to Fix the Costly Lack of Technology Understanding in Business

by | Dec 1, 2021 | Board & Governance, Board of Directors, Business - General, BusinessFitness, NEDs, Non-Executive Directors, Profitability, Strategy, Technology

I read an interesting report in ITWeb this week following a survey by Xero, the cloud-based accounting software company for SMEs, of 400 South African small business owners. It shows how a lack of technology understanding and skills is costing these businesses dearly...