Managing Partner at Thinking Dimensions Scott Newton spoke with David Lancefield, an expert in Strategy and Leadership about decision-making by the top teams:
★ As a Board or Exco member you should anticipate moves your colleagues, build from their strengths, listen attentively and don’t be afraid to ask questions.
★ Boards have asked better questions about resilience, risks and mental health than before the pandemic.
★ Every mid-size company needs an ecosystem strategy – working out their position and how they add value.
★ Get out to your customers and understand the problems they’re having so you can then work out which products, services or experiences to develop.
★ Develop your view on new value creation – e.g. based on ideas, IP.
★ Upskilling should focusing on nurturing your growth mindset, and ability to experiment, looking at new business models. Be less zombie!
★The best Asian companies have two defining characteristics: speed and helping their employees to act like entrepreneurs.
There's more in the full interview - link below (with notes and timings).