Following up on our recent article asking how our Australasian companies stack up against Global Best People Practice, we are delighted to share with you that in one of the most critical areas that impact on people, we have a world leader!
We recently attended a fantastic session hosted by the Human Resource Institute of New Zealand (HRINZ) that told the story of Refining NZ, who have recently been awarded an Asia Pacific top 20 spot in the 2011 Aon Hewitt ‘Top companies for Leadership’ study. Having fought it out with 500 of the world’s best companies to even get the opportunity, the proudly Kiwi company sits amongst some of the icons and gurus of the Leadership space, such as IBM & GE.
So what do top companies like Refining NZ do differently to become the cream of the crop in an area that the majority keep searching for the key to? Well, the survey identified 5 key things that made the top stand out:
- Building a Leadership brand to attract and retain top talent – too often we see organisations who haven’t given enough thought to ‘who do we want our leaders to be and what do we want them to do?’
- An unrelenting focus on talent assessment – there is much talk about talent management systems, but again in our experience, there is often too much focus on the process rather than what it is trying to achieve – who are our leaders of the future?
- Customised learning opportunities for leaders – we at Leadership by Design would wholeheartedly agree that leadership development happens one person at a time. Many of our articles have reflected this belief and much of the current research shows that leaders having a focused development plan is the No 1 tool to support their growth
- Taking top talent out of their comfort zone – I heard a great quote the other day – “The best things happen at the exit ramp of your comfort zone.” Any leadership development initiative worth its salt should encourage this
- Focus on a variety of thought and thinking – challenging people to think and then think differently is at the heart of change. The latest neuroscience findings are increasingly playing a part in understanding what makes great leaders ‘tick’
BUT the one main differentiator that underpinned the success of all of the top companies was ’an almost maniacal approach to execution’ of strategy.
Getting the strategy right is a great start but too many companies we meet start with a hiss and a roar but for a whole raft of reasons, seem to lose the momentum over a 2-3 year period. Leadership development cannot be a one – off; as was clearly demonstrated by the survey, getting clear about who and how you want your leaders to be and then finding the ‘right’ opportunities and development for them needs to become how your organisation ‘is’ rather than implementing one-off development opportunities
Excellence is worth reflecting upon and we intend to do another article on our perception of the senior leadership capabilities being demonstrated at Refining NZ.
If your Leadership team needs help in working more effectively together to deliver on stakeholder expectations, we are happy to offer you a free no obligation white board and coffee session to help you get clearer on your thinking.You set the agenda (and supply the coffee) and we’ll bring some good collegial discussion and an idea or two contact us here