Due to the crisis brought by this pandemic, many businesses need to change their processes, culture and various aspects of their business model...FAST. This is all related to change management. But if your required changes are not well managed and for example, you try to sell people on decisions that were made without their input …
Your first enemy is YOU!
As a Business Leader you need to be confident, even fiercely determined, but arrogance will bring you down. The ideal leader respects and listens to colleagues, communicates honestly, adjusts opinions when confronted with new evidence and makes decisions that strengthen the organisation rather than his or her own position. But is this happening? Is the …
My Budget Proposals
In a little more than a week, Government will be revealing its fiscal policy and public budget related measures for 2021. Needless to say that in the present circumstances this Budget assumes an importance much higher than usual. I humbly, put forward the following proposals, based on what I see and face daily with various …
Corporate Governance
You heard me say that businesses in Malta need to get serious on Corporate Governance. With the advent of this crisis this need has now been amplified. As you know, the new business environment is characterised by an increasingly complex set of pressures and demands from various stakeholder groups and radical uncertainty about the future. …
Lead with Empathy
Simply defined, empathy is our desire and willingness to see as others see and to feel as they feel. Empathetic leaders feel genuine concern for others and are intrinsically motivated to help them thrive. While empathy is important at all times, in turbulent times like these – when fear runs high and uncertainty abounds – …
Be Professional!
Please allow me to vent my frustration. My focus is yet again Family Businesses. Many family businesses take on the distinctive identity, focus and idiosyncrasies of the family leaders who run them. It is true that these norms can be motivating and can create a sense of common purpose. But this also comes with a …
Cash Culture
When the COVID-19 crisis hit home, the preliminary response of CEOs and CFOs was all about survival. The liquidity crisis triggered by the sharp disruption in economic activities prompted organisations to rush towards the preservation of cash and liquidity to keep operations going. This is understandable and also the right thing to do. However, one …
The real first step in Change Management? Change the mindset
You may have read various article about change management. One of the most famous research articles is the one published by Kotter in 1995 with the title " Leading Change: Why Transformation Efforts Fail". You can read it by clicking here. However, experience has shown me, that there is an initial step which is normally forgotten …
Continue reading The real first step in Change Management? Change the mindset
Servant Leadership
In many ways, there is only one question any manager need ask: How do I make my team members’ lives easier—physically, cognitively and emotionally? Research shows that a “servant leader” mentality and disposition enhances both team performance and satisfaction. This is even more important as businesses try to survive during the present crisis. Moreover, studies …
Strategic Planning for Family Businesses
Someone recently contacted me and told me to write on the importance of Strategic Planning for Family Businesses. I thank him as he inspired me to do so. Strategic planning for family-owned businesses differs from planning for other types of companies largely because the family firm must incorporate family issues into its thinking. Family concerns …
A Business Blog for SMEs & Family Businesses 