We began our 2010 Newsletter on Fresh Business Thinking with an article by Brian Chernett, founder of The Academy for Chief Executives on the need to build a strong team for 2010
“2010 will be another a challenging year to be a Leader”, he told us and “the leaders that survive the year will be more aware of the market, will motivate their team to be creative and innovative and will build flexibility into the team to take advantage of opportunities that will present themselves.
Leaders need to focus on the present and the future and use the past to learn lessons for current and future performance. Business efforts will need to be concentrated on earning real money now, in the shape of cash profits, and on finding the areas where it will earn money in the future.
Brian suggests that you concentrate your business efforts “on what the market demands and scale down areas where demand is poor or declining.” He cites Jim Collins, in his classic book Good to Great, who talks about ‘Hedgehog’ companies – those that “know one thing but know it very well”. 2010, Brian contends, will be a year for the hedgehogs.
Do you have the right team to take the business forward to where you want it to be? Jim Collins talks about who is ‘on the bus’. [Read more}
Brian Chernett is founder of The Academy for Chief Executives (ACE) – Find out more at www.chiefexecutive.com
The Academy community provides a great place to build your leadership skills and learn more about motivating and developing your people, and how to focus the top team for the good of your company. As the leading providers of experiential learning, the purpose of the Academy is to inspire leaders to achieve their dreams by sharing and learning from real life experiences.