FEATURE


BUSINESS BANKING & FINANCE


10. EFFECTIVE LEADERSHIP Are you aware of the current leadership challenges within your organisation around honing effectiveness, team development, guiding change and managing shareholders’ expectations? Can every member of the management team identify the key drivers for business growth and have you eliminated the pinch points within your organisation?


YES/NO


11. STRATEGIC BUSINESS PLANNING Do you and your team have clarity of current market dynamics, competitor activity, organisational strengths and weaknesses, as well as strategic options with a detailed roadmap for change? Is your planning process as agile as it could be? Can you create a strategy to ensure that time and effort is only expended on driving the business forward?


YES/NO


12. OPTIMISED SHAREHOLDER VALUE Have you allowed the competitive landscape, not the shareholders’ requirements, to shape the business strategy? Does shareholder value take second place to staying afloat in the current market? These are not mutually exclusive! Business survival may be a challenge but the dynamic environment also means that new opportunities have appeared.


YES/NO


HOW DID YOU SCORE? It’s now time to prioritise your actions. Can you improve your business performance? Are you the best custodian, or is another path appropriate?


GET IT DONE! 55% of businesses can identify three or more factors that cause concern. You are not alone if your business needs action. Act now, act effectively.


50 business network November 2020


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