Dagmar Golub’s Post

Leaders are facing a stark reality: adapt or fall behind. Read new insights from Right Management in the latest report from Raconteur. 

There are so many ways a business leader can benefit from an advisor. Here are the highlights: 1. Increased Revenue Growth: Studies have shown that businesses that engage with growth advisors or consultants often experience higher revenue growth rates compared to those that do not. For example, a survey by the Association of Management Consulting Firms (AMCF) indicated that companies that utilize consulting services reported an average revenue growth of 15-20%. 2. Improved Decision-Making: Research by the Harvard Business Review found that organizations that work with external advisors benefit from enhanced decision-making. Leaders who seek outside expertise often report feeling more confident in their strategic choices. 3. Higher Success Rates for Strategic Initiatives: According to a study by the Project Management Institute (PMI), organizations that engage consultants for strategic initiatives have a higher success rate. Companies with external support reported success rates of over 70%, while those without such support often see rates below 50%. 4. Better Resource Allocation: A study by the International Journal of Business Management found that businesses working with growth advisors are more effective in resource allocation and can adapt to market changes more rapidly. This adaptability often leads to competitive advantages in their industries. Leadership Development: Research published in the Journal of Business Strategy indicates that leaders who engage with advisors are more likely to invest in their personal and professional development, leading to improved leadership capabilities and organizational performance. 5. Return on Investment (ROI): According to a report from McKinsey & Company, companies that invest in advisory services can see a significant ROI, with many reporting returns of 5-10 times their initial investment in consulting.

Empower Your Business for Resilience: Four Key Strategies to Navigate Turbulent Times and Flourish in the Future 1. Develop empathetic leaders. - Invest in nurturing empathetic leaders who understand the needs of their teams and can effectively navigate challenges with empathy and resilience. 2. Strengthen ties with stakeholders. - Build and fortify relationships with stakeholders, fostering trust and collaboration to weather storms and emerge stronger together. 3. Reevaluate advertising strategies. - Rethink and adapt advertising strategies to resonate with evolving consumer sentiments and behaviors, ensuring relevance and impact in dynamic market landscapes. 4. Implement crisis management plans. - Implement robust crisis management plans, equipped with agile responses and clear communication channels, to effectively address unforeseen challenges and safeguard business continuity. https://lnkd.in/gQ55Kh35 #Shivz #ShivzSolution #ResilientBusiness #NavigateChange #BusinessStrategy

Totally recommend an advisor for growth!

Financial Sustainability is not Easy and Requires Leadership 🚀 It is one of the hardest things to do, requires patience, needs continuous review of strategies but most importantly, financial sustainability requires leaders that can lead. Here are seven (7) leadership qualities required for organisational sustainability: 1.🔮 Visionary Thinking: To inspire employees, board members, clients/customers etc. with a clear vision for financial success! 🌟 #VisionaryLeadership #FinancialFuture 2. 📊 Strategic Planning: Master the art of 21st century strategic planning! 🚀 Gone are the days of bookshelf strategic plans. Strategic plans are short and to the point with SMART goals. Balance revenue generation, cost management, and investment strategies for sustainable growth. #StrategicLeadership #FinancialPlanning 3. 💼 Financial Acumen: All leaders MUST understand the numbers to use facts in decision making. 💰 Understand budgeting, forecasting, cash flow management, and risk assessment can help optimise resources. #FinancialAcumen #AnalyticalLeadership 4. 🔄 Adaptability: Stay agile in a fast-paced world! The strategic plan must be agile and adaptable. 💡 Embrace innovation and adjust strategies to navigate market changes and stakeholder expectations. #Adaptability #Innovation 5. 🔍 Transparency and Accountability: Build trust through transparency! 🤝 Prioritise open communication and accountability in financial reporting and decision-making processes with all stakeholders. #Trustworthiness #Accountability 6. 🤝 Collaboration and Team Building: Teamwork makes the financial dream work! 🌐 Foster collaboration and knowledge sharing across teams to maximise performance and resilience. #Teamwork #CollaborativeLeadership 7. 💪 Resilience and Problem-Solving: Face challenges head-on with resilience! 🛠️ Empower teams with a problem-solving mindset to overcome obstacles and drive financial sustainability. #Resilience #ProblemSolvingLeadership

Thriving Through Turbulence: Mastering Company Finances in Times of Crisis As the world faces many challenges, businesses must prioritise cost cautiousness and efficiency. Waiting for the next crisis to cut costs may bring short-term results, but it often leads to drastic measures that do not address the root causes of cost challenges. Unfortunately, this usually results in costs creeping back up. To overcome this challenge, leaders who respond decisively can use freed-up resources to support strategic priorities and grow leaner, faster, and stronger organisations. In these times, it's essential to look ahead and work proactively rather than reactively. As this article shares, leaders can build a sustainable future with far less negative impact on day-to-day operations by taking this approach. https://lnkd.in/gXfxwQzi #planning #financialmanagement #efficiency #futureneeds #businessoperations #sustainablebusiness #managementconsulting #financialservices #singaporebusiness

The CEO’s Journey Is a 3-Act Play LINK: https://lnkd.in/ef8NMPjB #ConsultingIssues #TheDailyConsultant #Strategy #Innovation #Leadership #Management #Business #Operations #Advisory #Finance #Project #Policy #Process #Technology

This insightful article explores how CEOs demonstrating compassion during crises can help stabilise share prices. This concept resonates strongly with leaders in the insurance sector, where empathy and decisive action play crucial roles in maintaining business continuity and strengthening stakeholder trust. By fostering a culture of compassion and proactive communication, executives can reinforce their organisation's resilience and enhance strategic value during turbulent times. A recommended read for anyone seeking to balance strategic leadership with a human touch in today's unpredictable environment.

The CEO’s Journey Is a 3-Act Play LINK: https://lnkd.in/ehYt6HEu #ConsultingIssues #TheDailyConsultant #Strategy #Innovation #Leadership #Management #Business #Operations #Advisory #Finance #Project #Policy #Process #Technology

It’s almost November, and that means a new topic for my “tip of the day!” November’s topic will be “Corporate Strategy,” which refers to a comprehensive plan that outlines how a company will achieve its #vision (i.e., it’s long-term #goals and #objectives). More specifically, a #strategy is a unique approach of how your company will secure its economic prosperity in using its #mission to achieve its #vision. Be careful not to confuse strategy with planning. Planning describes the activities you will perform within your strategy by working with people and processes you can control (i.e., internally focused), whereas strategy is about working with people and processes beyond your control (i.e., external). Strategy is never a “set it an forget it” concept. No battle plan survives contact with the enemy. Leaders should revisit their strategy at least quarterly, involving as much of the workforce as possible to ensure successful execution. Ultimately, Corporate Strategy serves as the formal, foundational blueprint for a company’s executive leadership and board of directors, encompassing elements such as vision and mission statements, growth strategies, competitive strategies, resource allocation, and risk management. In short, a company without a formal approach to strategy is destined to fail. Enjoy! #StimulatingStuff #DailyTips #CorporateStrategy