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Advice from Outside the Square

Recent Posts by teikoh

Make Your Indigenous Corporation Board “Smarter”

If all the Directors on your Board and all the other leaders in your Indigenous corporation are of a similar profile, it's time to expand your ideas about diversity. Diversity is not just about balancing the genders and the ages because if all your Directors share the same background - hard not to in an Indigenous context - you need more diversity for better all-round decision-making processes. Indigenous corporations have evolved from "associations" incorporated under the old Aboriginal Councils and Associations Act 1976. They now have their own Corporations Act (the Corporations (Aboriginal and Torres Strait Islander) Act 2006) which was intentionally drafted to mirror the mainstream Corporations Act 2001 along with the duties, responsibilities and penalties attached to mainstream corporate governance. Indigenous corporations have had to deal with more complex and non-local issues, particularly as many hold important assets as Native Title PBC's or as commercial arms of Native Title determinations and other royalty agreements. As a result, the perspectives that Directors need in decision-making have also evolved. While the need to remain connected to cultural imperatives and understand the stakeholders is still a key factor in all Boards' decisions, increasingly, Indigenous Boards need to understand the Law, Agreement-making, commercial opportunity, financial...
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Creating An “Advisory Board” For Your Small Business

In larger companies, establishing an Advisory Board is becoming more commonplace as these large businesses seek to add to the value and experience of their Board of Directors. This is a trend that can also be of great help to a small business, whether you are operating as a company or not. Most of my clients and readers run family-owned companies or husband and wife operations. Their Boards of Directors are usually the owners. While this provides control of ownership, it does not provide these businesses with fresh perspectives on strategy, reaction to economic trends, specific industry or geographic experience as well as on markets and legal and legislative circumstances. Knowing your business in and out is great - but think of the added value of a pool of new minds that have a different and fresh perspective on the wider business world. (more…)...
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How To Write Your Not-For-Profit Strategic Plan

There is broad agreement among not-for-profit leaders and experts that planning is a critical component of good management and governance. Planning helps ensure that an organisation remains relevant and responsive to the needs of its community, and contributes to organisational stability and growth. It provides a basis for monitoring progress, and for assessing results and impact. It facilitates new program development. It enables an organisation to look into the future in an orderly and systematic way. From a governance perspective, it enables the Board to set policies and goals to guide the organisation and provides a clear focus to the Executive Director and staff for program implementation and agency management. Most organisations understand the need for annual program objectives and a program-focused work plan. Funders require them, and they provide a basis for setting priorities, organizing work, and assessing progress. A growing number of community-based organisations go beyond funder requirements to develop annual objectives and operating plans which also include a systematic plan for resource development, organisational development, and in some cases Board development. Most groups find it practical to define objectives for a 12-month period, and to design strategies and programs to meet them. Longer-range planning – planning beyond the next...
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How To Get People Ready For Change

When I started consulting to businesses over 25 years ago, no matter how small a business, a restructure of the way a business conducted business took place about every 6 years on average. In a 2018 survey of Small and Medium Enterprises, a restructure every 3 years was more typical. In fact in some industries, some restructure process happens every year. Since these restructuring processes can incorporate anything from changes to business units to changes in procedures to specific performance improvement projects, they can affect every person in a business. This is incredibly challenging for employees in every sector. (more…)...
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