An assumption that was made by a raft of executives in the wake of lockdown was that interims couldn’t be effective away from the office, leading to a significant number of assignments ending prematurely or never getting off the blocks. Eight months on, as we contend with local and national lockdowns, businesses are grappling with the reality that a number of staff will be operating remotely for some time and companies cannot afford to tread water forever. With the relaxing of the restrictions looking unlikely until 2021, we must all learn to deliver our objectives under the current conditions.
How has the DNA of our organisations been altered in recent months? And how will it evolve to support a super-resilient business model that can thrive in times of uncertainty? During our virtual event our panel members discussed practical actions that organisations can take now.
As we speak to executives in businesses that are now restarting, an area of concern that comes up frequently is information security as a result of remote working. With the majority of workers continuing to work from home on laptops and computers there are worries over increased vulnerability to cybersecurity attacks or a significant data breach. So what three questions should you be asking your CISO that you probably aren’t? And what answers should you be expecting to hear back?
Up to 40% of business leaders onboarded into new roles will leave the organisation within 18 months. Successfully managing career transitions is an area that warrants investment. At our event in partnership with the Harvard Business Review and Sova Assessment, Michael Watkins, author of Master Your Next Move: The Essential Companion to The First 90 Days, explained the eight common transition challenges leaders face, how to set up leaders for success during onboarding and how to successfully manage your own career transitions.
Today’s forces of disruption are having a marked effect on the way businesses approach change and transformation. Is the greater demand for growth the reason why private equity-backed businesses are getting more from commercial executive interims and leaving the larger public corporates trailing in their wake?
Employee engagement is out, and employee experience has emerged as its successor. Tailored, highly personal, and focused on the individual rather than the collective, a focus on employee experience aims to use a multitude of feedback tools, apps and self-service technologies to improve the employee experience.
Organisations in the UK have work to do if they want to keep up with digital-native competitors. That’s according to early results from the National Digital Benchmark survey, created alongside Management Consultancy PA Consulting Group and award-winning speaker and author Professor Venkat Venkatraman. The interim results from the survey, which several hundred senior executives have responded to so far, suggest that digital transformation is slow within UK organisations, however awareness of a need to evolve and embrace digital is increasing.
Business leaders are under the spotlight from customers and boards to innovate, to adapt to the new norm and equip their organisation with the tools, skills, capabilities and products to survive in a world where competitors can emerge from unlikely places. One of the more significant shifts that we have seen is organisations becoming more open-minded about where their next leader is coming from, no doubt in an effort to remain relevant and ahead of the curve in a rapidly evolving business world.