Posts Tagged ‘ABS’

Book Review: Option B

Sunday, January 13, 2019

How do you rebuild your life after the loss of you husband and the father of you two young children? Business leader Sheryl Sandberg has no choice but to adjust to her option B life.

Sandberg, with the insights of her co-author psychologist Adam Grant, lays out the raw emotion of the loss she experienced, and the pathway she chose to move forward, pursuing her option B life, now that her option A had been taken away from her forever.  Their book is Option B: Facing Adversity, Building Resilience, and Finding Joy (2017 and published by WH Allen)

Whilst Sandberg draws from your own deeply personal experience, the book introduces a range of other issues in life that can cause us to have to look at an option B for our life. It addresses subjects like the role of friends and family, our own self-confidence, getting back into the workplace, and helping kids through the journey as well.

Using solid well researched principles, the authors give the reader tools rather than a prescriptive approach to handle whatever life has thrown at you. This acknowledges that each situation is deeply personal and there is no “one-size-fits-all” approach.

The book is well written, organised well and flows easily. It was very easy to read and challenged me in not only thinking about how to handle the difficult moments in life, but how to help other people handle theirs. I highly recommend this book, which although is not a standard management text, certainly is very important in slef0leadersherip. I believe it is important that everyone read this book.

Reviewed by Dr Warrick Long, Lecturer at Avondale Business School

Book Review: Turn the Ship Around

Monday, January 7, 2019

Control, competence and Clarity is the three-pronged approach former submarine commander David Marquet used to transform the US Nuclear Submarine Santa Fe into the most successful submarine in the US Navy. He tells this story in his 2012 book “Turn the Ship Around: A Trues Story of Turning Followers into Leaders”, published by Portfolio Penguin.

Marquet believed that every follower can be a leader, and that through them becoming leaders in their own right, the organisation would thrive and grow. His approach proved right and transformed the Santa Fe into a highly efficient and effective network of people. Divesting control, developing competence and providing clarity are the key components of this strategy.

Detailing how he implemented this when he took over command of the Santa Fe, Marquet provides a look into the inner workings of life on a submarine. The book is a great read with examples and stories that make the practical application of his ideas easy to see and readily apply into other workplace contexts.

What I particularly appreciated was the stories of things that did not work, and how these “failings” were part of the learning process.

The book is well written, organized well and flows easily. This book is now one of my favorites and I would recommend it to any leader looking to take their leadership to the next level.

Reviewed by Dr Warrick Long, Lecturer at Avondale Business School

Book Review: Leadership in Action

Monday, January 7, 2019

Rising over 40 years from the rank private to two-star General in the Australian army, John Cantwell has spent a lifetime leading Australian men and women in challenging and sometimes deadly circumstances. Using practical examples of what did and didn’t work during this time, John Cantwell lays out his thoughts on leadership in an excellent book “Leadership in Action – Lessons for the real world from a real leader”, published in 2015 by Melbourne University Press.

Believing that anyone can learned the skills of leadership, Cantwell puts together a simple to read but highly effective book on the essential elements of leadership, within an Australian context.

The book is a great resource for new and aspiring leaders who want to find the key areas for their development, or to lay out a strategy for their leadership. It is also a very timely reminder to established leaders of what their leadership can be if they are prepared to continue learning.

The organisation of this book is very logical and straightforward. In fact, you don’t need to read cover to cover, but can pick out key areas that you may particularly want to focus on. The whole spectrum of leadership is covered, but in bite-sized chunks that are quick to read and easily transferable to the workplace. This is a very well written book that should appeal to all leaders, new and established and a highly recommended read.

Reviewed by Dr Warrick Long, Lecturer at Avondale Business School

ABS Congratulates 2 New Staff PhD Graduates

Tuesday, December 18, 2018

It was once again a beautiful day at Avondale for graduation 2018, and this year was very special as the ABS was proud to support the graduation of two staff members, Dr Peter Williams and Dr Warrick Long. Both started their PhD journeys together when they joined the ABS team and four (long) years later have completed the journey together, although their topics were very different.

Dr Peter Williams’ research was “School Leadership Succession in a Faith-Based Education System: Perceptions of Different Hierarchical Levels”  and he was supervised by Dr Peter Morey and Dr Peter Beamish, both on campus lecturers from the Faculty of Education, Business and Arts here at Avondale College of Higher Education.

Dr Warrick Longs topic was “Australian University Accounting Academics: The Lived Experience” and he was supervised by Professor Tony Williams, Associate Professor Maria Northcote and Associate Professor Lisa Barnes. His research involved using surveys and interviews of current Accounting Academics to gain insights into the challenges ahead.

Both Peter and Warrick were supported by family on the day, and enjoyed the ceremony after so many years of hard work. On behalf of the ABS team, CONGRATULATIONS. We are so very proud of you both.

Book Review: The Truth About Leadership

Tuesday, December 18, 2018

While the content of leadership may change over time, the fundamental principles, or truths of leadership, do not, well known leadership authors James Kouzes and Barry Posner have written their list of the 10 truths about leadership in their classic book ‘The Truth About Leadership’, published by The Leadership Challenge in 2018.

Kouzes and Posner are amongst the most prolific and well-known leadership authors of the last 30 years. They have written many of the books that now form part of the essential reading for all leaders. Drawing from their extensive consulting engagements, and over one million responses worldwide to their research, their material is based on relevant and up to date examples.

Some of the 10 truths include:

  • Credibility is the foundation of leadership
  • Focusing on the future sets leaders apart
  • You can’t do it alone
  • Trust rules

This is a very orderly and logical book, meaning you can pick and choose areas of most interest if don’t want to read cover to cover. It is also well written and easy to read. The use of current examples makes it easy to relate to and apply to your own setting.

This book should be read by anyone aspiring to or currently in leadership, and is a fantastic book. While it is a few years old, it is a great reminder of the essentials of leadership which never grow old. Very highly recommended.

Reviewed by Dr Warrick Long, Lecturer at Avondale Business School

ABS Develops Avondale College Leaders

Tuesday, December 18, 2018

Recognizing the need to invest in developing its leaders, Avondale College commissioned its Avondale Business School to develop and implement a program for middle and aspiring leaders. The Avondale College LEAD program was crafted and delivered by ABS monthly throughout the second half of 2018. Word of the program spread to other entities, who sponsored their own staff to also attend. The success of the program is such that it is being expanded for 2019 with any Avondale Staff invited to attend, and a range of new topics being developed, including dealing with conflict and toxic people, leading teams, and leading change. Participants from this year enjoyed the program and the following comment typifies their responses “I have very much enjoyed the sessions I have attended – love your presentation style and have appreciated learning some new concepts and skills”. Avondale Business School can also help you develop your leaders, and to find out how, contact Warrick Long at Warrick.long@avondale.edu.au or 02 4980 2168.

ABS 2018 Graduates

Tuesday, December 18, 2018

December 9 was the culmination of many years hard work for the graduating Avondale Business School graduations of 2018. Of the 13 graduates, 12 attended the ceremony at the Lake Macquarie campus, including two graduates from our partnering entity Universal Institute of Technology (UIT) in Melbourne. The Accounting, Human Resources and Marketing majors enjoyed a celebratory day receiving their Bachelor of Business Degree certificates and congratulations. Around 50% of the graduates already have employment confirmed, and a number of others are in the application and interview process. ABS congratulates all the 2018 graduates, and wishes them well for the future.

We Need To Talk About CFOs

Wednesday, December 12, 2018

Apparently few others really understand what the Chief Financial Officer (CFO) thinks is important. The most recent survey by McKinsey and Company on CFO’s reveals a range of issues relating to CFOs (read it here). While the whole article deals with a number of observations from the survey relating to the CFO and their roles, one in particular highlights how important it is for the key leaders of the organisation and the CFO to have a conversation to be on the same page.

The following table lists the top 10 activities the CFO believes they have engaged in which adds financial value to the organisation. Next to that is the ranking given to the same activity by other leaders in organisations:

Activity

CFO Ranking

Other Leaders Ranking

Performance management (e.g., metrics, value management, incentives/targets)

1

8

Strategic leadership

1

4

Traditional finance roles (e.g., accounting, controlling, planning and analysis)

3

1

Organisational transformation (enterprise-wide or within finance organisation)

3

7

Finance capabilities (e.g., finance-organisation talent pipeline)

5

9

Speciality finance roles (e.g., treasury, audit, investor relations)

5

3

Cost and productivity management across organisation

7

2

Support for digital capabilities and advanced analytics

8

10

M&A (including post-merger integration)

9

5

Capital allocation (e.g., capital-expenditure allocation)

10

6

Pricing of products and/or services

10

11

 

It is interesting that so much of what the CFOs think is important other leaders place less importance on. The risk with this is that the CFOs will be spending time on activities important to them, but not necessarily important to the rest of the business, potentially causing tension and issues between the leadership team and business units. It is important that leaders within an organisation have the conversation to ensure everyone agrees with what is important, and remain focused on those.

And Avondale Business School (ABS) can help you achieve this, and indeed with any aspect of your business. Simply contact us a ABS@avondale.edu.au or call on 02 49802168.

Money Just Isn’t Enough

Thursday, December 6, 2018

“Just pay more to get the best”, has been a mantra in organisations for many years. However in more recent times the research is indicating that there are more important things to employees than money. In a recent article for McKinsey & Company, Jeffrey Pfeffer (read it here) notes two issues that contribute to employee engagement – job control and social support.

Job control refers to the amount of discretion employees have to determine what they do and how they do it. Studies have found that this has a major impact on employees’ physical health. The article notes a number of studies to support this, including one that found people who had a higher level of influence and task control in a reorganization process had lower levels of illness symptoms for 11 out of 12 health indicators, were absent less frequently, and experienced less depression. Pfeffer also reports that chaotic workplace environments also adversely affects people’s motivation, leaning and emotional state.

Social support in organisations also impact on employee health and well-being. Workplaces frequently create environments that are disincentives to developing social support, due to pitting people against one another in competitive assessments and promotional criteria. Whereas organisations that encourage people to care for one another enjoy higher employee wellbeing and satisfaction. And it can be as simple as fixing the language of the workplace through less titles and being more community focused.

Perhaps the best way to sum this article up is to allow Pfeffer himself to conclude:

“Giving people more control over their work life and providing them with social support fosters higher levels of physical and mental health. A culture of social support also reinforces for employees that they are valued, and thus helps in a company’s efforts to attract and retain people. Job control, meanwhile, has a positive impact on individual performance and is one of the most important predictors of job satisfaction and work motivation, frequently ranking as more important even than pay. Management practices that strengthen job control and social support are often overlooked but relatively straightforward—and they provide a payoff to employees and employers alike.”

The Avondale Business School can help your organisation develop employee well-being. To find out how, simply contact Warrick Long at Warrick.long@avondale.edu.au or 02 49802168.

When Being on the Same Page Is Bad For the Organization

Wednesday, November 28, 2018

“All our employees are on the same page!” “We are united as a team!’ “As an organization we move forward as one!” Really? Are you sure everyone in your organization is on the same page, united as a team, and moving forward as one? It is more likely your employees hold different values and perspectives, are too reluctant to speak up against the prevailing view, and as a consequence are less committed to their tasks than you would like. These are the conclusions I drew from reading an excellent article from Maud Lindley, Jeffrey Schwartz and Malcolm Thompson entitles ‘When Cultural Value Leads to Groupthink, the Company Loses’ (read it here), found in a recent online edition of strategy+business.

Drawing on some recent Australian experience with values and perspectives in the public and corporate arena, the authors note that even company values like “courage” and “excellence” can negatively impact on people in their organization. So the key is to develop a workplace based on authenticity, which is described as creating “a context for dialogue in which the organization’s leaders and employees can talk openly and genuinely about the values of the enterprise, and why they agree or disagree with those values”. Without having such safe places for such discussions, hidden conflicts develop that can diminish people’s commitment and increase their cynicism. And it’s not about changing people’s minds, or getting them to al think the same way, it is about ensuring employees “feel that they can contribute freely and bring their whole selves to work”.

If you goal in the organization is to avoid conflict, then the authors note this to be a bad decision. They draw on the work of Patrick Lencioni who advocates conflict, and to avoid it is to put temporary comfort and the avoidance of discomfort ahead of the ultimate goal of the organization. Bringing painful issues to light and dealing with them constructively is the best course of action.

The article describes three capabilities effective leaders have that can help manage diverse perspective:

  1. Mental Agility – being able to recognize the existence of different perspectives and the reasons different people might hold them. These sorts of leaders consistently invite others to voice opinions, perspectives, or expertise that might challenge their own views.
  2. Cognitive Humility – that is, where leaders recognize their own unconscious associations and correct the errors of judgment that result. It involves bring a third-person perspective to their own experience.
  3. The Ability To Foster Psychological Safety – which involves creating contexts where everyone feel valued and heard – where people feel safe to contribute perspectives even if they differ dramatically from the organization’s prevailing values.

Thankfully the authors recognize that not every conversation will lead to a solution, and people may not necessarily understand another’s perspective any better, but it does mean people will “recognizer the workplace as a place with a true commitment to its employees: a place where people respect one another, even in disagreement, and are able to bring themselves openly to work. If you would like to see your leadership and organization become such a place, contact the Avondale Business School on abs@avondale.edu.au or 02 49802168 to find out how.