Category, Leadership

People, Planet, Profit - Why The Bottom Line Matters

For many businesses the bottom line focuses on their financial success. However, in 1994, John Elkington came up with the Triple Bottom Line of People, Planet, Profit, ‘a sustainability framework that examples a company’s social, environment, and economic impact’. Adopting this framework allows businesses to create long-term value by understanding their effect on their people and the planet. Focusing on the ‘three P’s’ and building a sustainable organisation, business leaders are able to meet their objectives with their future needs in mind.

Chairman's Network - Changing Face of the Workplace

At the 7^th September Chairman’s Network event members and guests discussed the effects of the coronavirus pandemic on business facing the challenges of digitalisation, retaining talent, and the future role of the workplace.

The Challenges and Opportunities of Family Businesses

In the UK, more than 80% of private-sector businesses are family-run with their own unique set of advantages and challenges: stability, commitment, and a long-term outlook on the one side, vs the family dynamic - potential disagreement and divorce, unstructured governance, and often a lack of succession plans on the other.

How can business leaders plan in the face of rapid change and unpredictable risk?

Strategic planning assumes a future that validates the plan. But when there is so much uncertainty, the default response is not to plan at all. But as the Cheshire Cat said to Alice, if you don't know where you are going, it doesn't matter which way you turn. We believe a good plan today is better than a perfect plan tomorrow, and the way to good is through more effective risk management.

Communication Matters – build a sense of purpose to inspire deep commitment

The most effective way for leaders who think strategically about how to connect team mates to one another, is to do so through a shared purpose.

Organisations that have a culture built on a genuine sense of purpose will inspire deeper commitment and make people feel they are part of something bigger than themselves. Having purpose paves the way to making an emotional connection with each employee at a personal level, giving meaning to every task they undertake, building a ‘commitment culture’, the beating heart of an engaged workforce.