What are KSI's? Before I answer that question, what I really want to discuss is how you choose the right strategies when you are planning. You’ve probably taken some time off and wrote your Vision, Mission and Values Statement; you’ve probably brainstormed your Strengths, Weaknesses, Opportunities and Threats, and worked out your goals for the year. But now, how do you choose between all the ideas to find the most critical strategies? That’s where your KSI’s come in. "KSI" stands for Key Strategic Issues. They are “Key” because the particular issue is key to your strategic plan’s success. Your plan may have to deal with a lot of issues, but "Key" strategic issues are those that must be dealt with in order for the rest of the plan to be achievable. For example, if you plan to introduce new services, while you may have to contend with issues such as hiring new staff and finding physical office space, a "Key" issue may be obtaining funding. Without funding, you cannot do all those other things you need to do in order to introduce the new services. They are “Strategic” because they are big-picture issues that sit on top of a pyramid – fix this Key Strategic...Read more
One of the most important tools of managing the operations and growth of your Indigenous Organisation is its strategic plan. Indeed, if you’ve been following my blog posts, you’ll have seen that I have given you systems to prepare your business and strategic plan, along with implementable tools and procedures to move from a compelling vision to actions. Yet, I still get many questions about how you actually implement your plan successfully. People tell me that while they have followed my training and been able to create practical business plans, the difficulty is in keeping up momentum when they start to implement the plan. In order to keep up the momentum weeks into the implementation, you need to be able to “see” where you are up to and what you have achieved. That way, you are able to gauge your success, adjust accordingly, and quickly understand what is your next step. So what’s the secret? It’s really quite simple. Simple to understand, but hard to put into practice. I have dealt with this topic on my mainstream online training website for business owners. The principles apply to Indigenous organisations who want to implement their plans. Watch this video from my online training website Teik Oh Dot Com...Read more
"Leadership" is a key resource requirement in an Indigenous organistion. My readers will know that I have spent 30 years working for Indigenous organisations and through this experience, I have seen well-managed and governed organisations, as well as those that have not been successful. In my opinion, the difference is in the leadership that has been available to them. In my opinion, well-managed and well-governed organisations have strong and inspirational leaders that show the way. They inspire people to work hard and strive for best-practice. How do good leaders do that? In my experience, I have seen the 7 keys to good leadership. They are present in good leaders no matter what the background or history of those leaders. However, I also believe they are not born into a person but rather a person can learn to develop these 7 key characteristics of good leadership. Here are the 7 keys I believe you need to know and develop in order to be the leader of your organisation:-Read more
- The key to building trust
- The key to possessing emotional intelligence
- The key to being open to innovation
- The key to asking the right questions ...
Are you planning to start a new business, either as a commercial business as part of your Indigenous corporation or as a social enterprise, or even as your private Indigenous-owned small business? A for-profit commercial business, even a social enterprise where you reach out to external "customers" in an enterprise that generates benefit for your members, is quite different from a community-controlled organisation that provides services to members. There are significant considerations such as the appropriate and separate legal structure that you would need that would separate the risks of an enterprise from the assets of your organisation. Even if you want to start a private business for yourself or your family, structuring is an important consideration so that you protect your family from the risks of the business. You need to take the proper advice about how to manage these risks. This article is about the steps you should take to ensure that your idea for the enterprise or business is feasible, and how to set it up so that it has every chance of success. Take these 5 steps as you start your considerations and planning. First, make sure that you understand what it takes to be in business for yourself, and assess your own...Read more