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Adapt and lead: Thriving in SA’s business landscape
Embrace adaptability and foster creative leadership to thrive in South Africa’s challenging business landscape, pleads Keith Stevens and Andy Sutcliffe. By staying agile in rapidly changing markets and empowering employees at all levels, businesses can seize opportunities and drive innovation.
In an emerging market such as South Africa, the challenges faced by businesses often seem insurmountable. Restrictive labour laws, access to reliable energy (or lack thereof in many cases), intense competition, high unemployment and a complex customer landscape work together to create an environment fraught with obstacles for businesses whether large or small.
With decades under our belts of working with world class companies both here and globally, we have seen many come and go – and the one thing that is common with those that make it, is that they have adaptable business models, driven by agile and creative leadership from the top down.
This ability to be nimble, to change and to adapt is never more so vital in this country as we face unique and complicated business challenges. Those companies that continue to operate the same way that they did a decade or even a year ago, will find it hard to continue to be successful in the future.
As such, we believe that there are two things that businesses in South Africa need to do in order to be successful – now and into the future:
1. Build and grow an agile growth strategy
Businesses today are operating within a rapidly changing and increasing digital world – things are shifting at a rapid pace and they need to be shifting with it. A solid business strategy with clear objectives and road map to get there is imperative – but this needs to be agile and adapt over time.
It is always important to identify the strategic intent – or true north – and the possible solutions to getting there. An agile approach does this, but also continuously monitors, tests and learns.
It’s important to review quarterly and have honest conversations about what is working and what is not, fine tuning constantly.
A year ago who would have thought that we would need to be operating under the cloud of perpetual level 6 load shedding or competing with ideas and plans created by AI? Successful businesses have their macro-growth plans in clear sight, but allow the flexibility to change and incorporate new thinking and ways of operating as they go along. Those that are afraid to adapt and change will soon be obsolete.
2. Develop a creative leadership style
Hand in hand with being agile, is developing a creative leadership style. In the face of a complex business landscape, an innovative approach needs to be taken to develop solutions – successful leaders are those which work in a way which mixes big picture thinking and operational reality.
As well as this, “leadership” needs to be made a deliverable throughout the company, not just the preserve only of the CEO or exco-level management. Successful businesses are those that empower a workforce and allow everyone to lead.
Learning strong leadership and management skills need to be part of everyone’s skill set, whatever their job description, and throughout all parts of the business. It allows a workforce to become a part of the company’s successes or failures, and it allows innovation and creativity to thrive – when employees from a diverse workforce are empowered to share ideas, it can only ever help to build and grow a business.
Likewise successful business are those which invest in and build strong cultures – by keeping and engaging happy employees, the expensive churn rate is kept low.
Operating and growing a business in a market like South Africa is not for the fainthearted – but it also is a country which offers incredible potential. For leaders that are brave enough be agile and adaptable, and who build a thoughtful and creative workforce, the opportunities are there for the picking.
Keith Stevens and Andy Sutcliffe, both highly accomplished CEOs with a combined experience of over 60 years, have joined forces to create Fractional CEO. This innovative solution provides companies with access to their extensive expertise on-demand, offering practical and operational solutions that go beyond traditional consultancy and bridging the gap between needing a CEO and budget limitations.
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