Successful Businesses need 5 T's. Which one will give you the most leverage...
12 April 2016 07:30 - 09:30
Fraser Suites Perth
You’ve had all the easy wins. You followed established wisdom and hired competent people and then spent time and money on developing them to improve performance and productivity. It’s how companies have outperformed each other for decades.
Only now it isn’t working.
With the arrival of the 21st Century, we’ve seen the law of diminishing returns kick in in relation to competencies. Organisations are skilled at analysing and improving performance in the areas of the 4 Ts: Transactions, Technology, Techniques, and Timing. Unfortunately, most organisations are now at the stage where trying to develop these areas more just won’t affect anything.
The easy wins have been won. If you want to succeed now, you need to shift the focus to people and talent—not talent in the narrow sense of identifying high-performers, but in the broad sense of bringing out the best in all employees. This is the key area for organisational performance in the coming decade (I’d like to say decades, but predicting the future is notoriously difficult).
People-oriented training and development (as opposed to competency oriented) is often given little attention as many managers may think that “it’s not rocket science” and therefore doesn’t require much effort; only that’s the thing, you’re dealing with people, it’s not rocket science, it’s much harder!
If you want your team, business unit, and organisation to grow in these changing times, then you have to focus on people. You need people that are engaged, motivated, flexible, creative, innovate, and results-focussed. There is only so much you can improve in these areas through training; the real improvement comes through relating, through conversations.
Most managers haven’t been trained for relating. They are technical people with enviable competencies. The issue is that Australia is falling massively behind our OECD peers in terms of building a talent mindset. Australians take a dim view of their managers, and this both reflects and partly explains our falling labour productivity.
There is a solution though. While it can be difficult to analyse and understand, there are simple tasks that you can do to create change and set you and your team up for success. If you want to find out how, then you want to come along to our breakfast event. You will walk away with some practical tips that you can put in to action immediately, and some priceless insights and shifts in thinking that will set you up for the future—you’ll also walk away having had a far tastier breakfast than the cornflakes you would’ve had at home!
Got questions? Ask away—I’d love to hear from you.