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| Bullying behaviour likely to increase in current economic climate
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 Many organisations are reporting increased signs of stress, anxiety and depression in the current economic climate. There are concerns that these pressures are likely to increase the likelihood of inappropriate behaviour such as workplace bullying taking place unless organisations take some preventative steps.
Workplace bullying is often devastating for the targets, leading to significant emotional pain and upheaval. Organisations invariably suffer from such outcomes as reduced efficiency, increased absenteeism and poor team morale, increased Workers Compensation premiums, loss of reputation and public face, and sometimes civil and legal action.
Regulatory agencies are also becoming increasingly demanding, expecting that organisations anticipate and address potential hazards to fulfil their duty of care in providing a safe and healthy workplace. |
| Carbon pollution reduction – The people dimension
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 Despite delays to the launch of the Government’s Carbon Pollution Reduction legislation, most organisations now see the introduction of a price for carbon use as inevitable and are factoring in the impact in the not too distant future.
Many businesses have now commenced the task of managing and reducing their use of carbon in energy, transport and raw materials, etc. For some, emissions trading and carbon offsets also need to be understood. No organisation will be immune from the impact of the change, either through direct cost impacts, or indirectly through their supply chains. |
| Increased stress levels interfere with executive decision making and management health
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 A recent article in AFR Boss magazine (Mahler A, AFRBOSS July 2009 Vol 10) highlighted some of the effects on management and executives of the recent economic situation. Alison Mahler wrote that conditions such as anxiety and depression brought on by enduring stressful conditions can significantly cloud executive and management decision making, not only at a strategic and high level, but if left unchecked, also at a basic day to day level. Beyond Blue have also suggested that untreated depression can cost organisations nearly $10,000 per employee per year.
We all know that high levels of pressure and stress come with the territory in certain executive management roles hence the benefits and salary which accompanies these positions. Stress may not always be bad - think of expressions such as motivation and SMART goal setting, which are used for the good aspects of certain levels of stress. |
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Learn how to make the competition irrelevant with the Blue Ocean Strategy |
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Join internationally acclaimed business thinker Professor W. Chan Kim for an exclusive 1 day seminar.
The challenge is not to emulate what other companies have done, but to understand the thinking process that allowed these companies to create a new market.
In today’s over crowded industries, most companies fight long and hard for competitive advantage, battle for market share and struggle for differentiation. They do this only to find themselves fighting their rivals head-on in a bloody “red ocean” over a shrinking pool of profit. These red ocean strategies are less and less likely to create profitable growth in the future.
Blue Ocean Strategy argues that tomorrow’s leading companies will succeed not by battling competitors, but by creating “blue oceans” of uncontested market space ripe for growth. Such strategic moves – termed “value innovation” – create powerful leaps in value for both the firm and its buyers, rendering rivals obsolete and unleashing new demand.
Drake has partnered with UCSI to bring Professor W. Chan Kim, one of the world’s most influential business thinkers and co-funder of Blue Ocean Strategy, to speak for the first time in front of an Australian audience.
Internationally acclaimed for his contribution to global business strategies and advisory roles for a number of multinational corporations in Europe, the US, Asia Pacific and also the European Union, Professor Kim has been recognised with the Nobel Colloquia Prize for Leadership on Business and Economic Thinking 2008 and is a winner of the Eldridge Haynes Prize, awarded by the Academy of International Business and the Eldridge Haynes Memorial Trust of Business International, for the best original paper in the field of international business.
During the exclusive one day seminar “Infinite new possibilities for your business in today’s turbulent times”, you will learn from Professor Kim how companies globally are reinventing themselves by repeatedly creating new market space and how leading companies and leaders are effectively driving the execution of their blue ocean strategy initiatives.
For more information about the seminar and a registration form, please click here.
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Want to know what skills lie behind an effective leader?
Listen to our monthly podcasts.
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After the overwhelming success of the “Leadership in time of crisis” seminars delivered by Dr John Demartini, a human behavioural specialist, business consultant and best selling author, Drake has partnered with Dr Demartini and the Demartini Institute to provide monthly podcasts on various aspects of leadership.
- What is at the core of effective leadership?
- What makes people who follow leaders feel inspired and inclined to do so?
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| Drake Business Review is back!
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Renowned for its cutting edge Human Capital Management advice, the Drake Business Review was a leading HR journal that was highly sought after by business leaders during the ‘80s and ‘90s.
We are pleased to announce that the Drake Business Review magazine is back in production and the first issue is due for release in the coming weeks. We are scheduled to issue three copies per year.
To secure your copy, please email us. |
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