Insights

Finding clarity amongst the chaos

These are extraordinary, unsettling and uncertain times. Everything is an unknown unknown and every business and political leader now finds themselves in unchartered territory with COVID-19. While leadership is a lonely and unforgiving place, people in leadership roles have the ability to make choices and take action in the midst of this global crisis. The […]

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Posted by Jaimie Ratten

Purpose and profit

There has been five-fold increase in the public conversation about corporate purpose over the past two decades. Larry Fink, CEO of BlackRock, the world’s largest investor with $9 trillion in assets under management stated in his annual letter to shareholders that ‘purpose is not the sole pursuit of profits but the animating force for achieving […]

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Posted by Jaimie Ratten

Westpac should have used a better belief system

Here’s the thing with shared beliefs and values. They have to be shared. The most popular management tool on the planet is mission, vision, values, yet 66%1 of employees today are totally disengaged. The result is companies continually failing to live up to their own standards. See Westpac’s standards: https://www.westpac.com.au/about-westpac/westpac-group/company-overview/our-strategy-vision/ The five core failings of […]

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Posted by Jaimie Ratten

Vision really does matter to performance

Research by Management Professor Mark Lipton found that, “Publicly owned firms that use a vision to guide their growth have significantly higher market-cap growth, top-line and bottom-line growth in comparison to their competitors who aren’t driven by the vision process1”. According to McKinsey & Company, the first thing an organisation should do to achieve top-quartile […]

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Jaimie Ratten
Posted by Jaimie Ratten

Vision process make you uncomfortable? You’re not alone.

The role of a leader is to articulate a compelling vision and then keep everyone in the organisation pointed in the same direction, and moving forward, as efficiently as possible. However, one study found that 94% of CEOs report, “…a great deal of discomfort working with the vision process”. Developing a company’s vision is a […]

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Jaimie Ratten
Posted by Jaimie Ratten

Large-cap companies are dropping like flies

As Mission Statements were being nailed to boardroom walls at an ever-increasing rate, the average tenure of large-cap companies has been rapidly declining around the world. In Australia, almost 40 per cent of the companies on the ASX 200 have disappeared since 2007. Similar levels of decline have also occurred on the S&P 500, with […]

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Jaimie Ratten
Posted by Jaimie Ratten