Author: Formium

  • Impactful women leaders

    Worldwide, at the lower levels of organisations over half of the staff members are female but if you look higher the number of women shrinks. Therefore, we’d like to share with you list of 5 impactful leaders who just happen to be female.

    Sheryl Sandberg – The COO of Facebook and founder of the Lean In Foundation. The non-profit organisation is part of a movement to develop a more equal world – as detailed in her book, Lean In ­– and supports women in the workplace and through empowerment groups.
    Ann Francke – Author of the FT Guide to Management and CEO of the Chartered Management Institute, a non-profit organisation aiming to create better led and managed organisations, through creating more qualified managers and establishing management as a true profession.
    Meg Whitman – Business executive, currently the President and CEO of Hewlett Packard Enterprise, and also the Chairwoman of HP Inc. A former manager at Disney and Hasbro, she is still best known for leading the online auction site, eBay.
    Tamara Box – The chair of the Financial Industry Group and the head of Structured Finance at Reed Smith, and worldwide acknowledged expert in strategic financial advice. Tamara is passionate about engaging millennials and women in the professional world. Also, she is one of our autumn interviewees.
    Carolyn McCall – The CEO of EasyJet is one of the business leaders who has been asked to join the United Kingdom’s Prime Minister’s Business Advisory Group – the body that advises the PM and the Government on business difficulties.

  • #Girlboss review

    #Girlboss review

    Sophia Amoruso is an interesting and inspiring millennial. She is the founder of one of the fastest-growing retailers on the planet, Nasty Gal and the author of #Girlboss, a book about her and the company’s story. The business began with selling off vintage clothing and accessories on eBay, currently she is the leader of internationally recognised brand and business.
    #Girlboss isn’t a typical self-help personal development handbook; it’s more like a good peptalk given by a person who transformed her hobby into an outstanding company and shares her real life experiences through the pages.

    “A #GIRLBOSS is someone who’s in charge of her own life. She gets what she wants because she works for it. As a #GIRLBOSS, you take control and accept responsibility.” – says Amoruso at the beginning of the publication.
    This book is far better as a story than as a business guide – which is probably why Netflix is turning it into a TV show.

    #Girlboss is a combination of a memoir, a manifesto and a business book. It won’t explain to the reader how to reach success but it can give a few ideas and it’s definitely a great reading experience. Amoruso’s book could inspire young people who are thinking about setting up a business.
    The book is available on amazon.co.uk and amazon.com.

  • Where does the courage come in?

    Where does the courage come in?

    I fairly recently went to an event on Women’s Leadership Careers organised by the Chartered Management Institute’s (CMI) Women in Management (WiM) Network. The keynoter was none other than CMI’s CEO Ann Francke, an remarkably dynamic and engaging speaker.

    Ann shared her wealth of knowledge and experience about progressing in the ranks of organisations as a female member of staff. Among the many things she referred to was the 3 C’s: Competence, Confidence and Connections – the important components in order to get noticed and to ensure your mark in your field. She recommends keeping a list of your competencies and your accomplishments. Have confidence in yourself – avoid the tiara syndrome, i.e. waiting for someone to notice you, and the sorry skirts, connoting apologising for yourself. And the ever important C – connections – reach out to people. Look for colleagues and managers who can guide you, advise you and “sponsor” you.

    As I was taking all this in, words of Sir Winston Churchill rang so true: “Courage is rightly esteemed the first of human qualities . . . because it is the quality which guarantees all others.” I add ‘courage’ as the 4th C to Ann’s list.

    Courage could be the stepping stone to acknowledging your competencies, to speak up to the person at the office, who you want to connect with. And the courage to leave when you know something is not working – it could be a job that does not nurture your capacities, a relationship that does not support you in achieving your targets. It takes courage to review a past project and to be honest with yourself about what went great and what could have been done better.

    It requires courage to lead a team, to disband a team and to implement change when it is needed. However, courage is not about being abrasive. It is very much about being gently assertive with yourself and taking that one extra step – making your competencies list or drawing on your confidence to connect with a colleague. After all, Churchill also purported that “courage is what it requires to stand up and speak; courage is also what it takes to sit down and listen.”

    Reetu Kansal

  • Celebrating women in leadership

    Celebrating women in leadership

    Against the backdrop of Theresa May taking office as the UK’s second ever female Prime Minister and Hillary Clinton potentially becoming the first female President, women at work are still paid significantly less than men and there are fewer of them the higher up the management ranks you look.

    Yet there are some shining examples of women at the helm of corporations, their own companies and communities.

    As an increasing number of female leaders find their way to the top of organisations and find their voice, one thing is clear: enabling women in leadership benefits all.

    It is not a binary or a win-lose issue. Female leaders do not succeed against their male counterparts, they succeed alongside them and with men. Women’s progression benefits all, including male employees as gender balanced organisations are more inclusive, better places to work as well as being more successful.  

    I also strongly feel that the way forward for women is not be more like men, but to add a different, complementary voice to the conversation. Where everyone is emboldened to be his or her authentic best self, the organisation truly benefits from culmination of all talents within. Over the coming weeks, we will showcase some exceptional female leaders on this blog. You can also access the Women in Leadership issue of People & Purpose the Positive Leadership Journal: http://peopleandpurposejournal.com/issues

  • The best LinkedIn Influencers

    The best LinkedIn Influencers

    LinkedIn is the most known professional social networking platform; it encourages the world’s leading thinkers and innovators to be Influencers. As “leaders in their industries and geographies”, they explore news and trending topics. We recommend to follow these 7:

    Ryan Holmes, CEO of Hootsuite
    Hootsuite is a social media management resource, and its CEO is an excellent Influencer to follow. He often publishes interesting and colourful pieces on leadership, management, success, career and other topics.

    Gretchen Rubin
    A best-selling author who also has a fantastic podcast on habits and happiness. In her various posts on LinkedIn, she gives tips, tricks and ideas to shape habits and ‘boost the happy factor’.

    Daniel Goleman
    Psychologist, prize-winning author and science journalist, he regularly posts insightful writings on the topics of emotional intelligence and leadership; on how to be a more effective leader and self-aware.

    Bernard Marr
    Best-selling author, keynote speaker and leading business and data expert, Marr publishes posts mostly on leadership and Big Data. He reflects on popular topics and connects them with his fields of expertise; who knew that Big Data and Valentine’s day can work together in a post.

    Jeff Haden
    Business and leadership ghost-writer, speaker, contributing editor at Inc. Magazine. He publishes pieces on hiring, success, leadership and various business topics.

    Liz Ryan, CEO of Human Workplace
    The founder and CEO of the publishing, career coaching and consulting firm has an engaging and inspiring writing style. Ryan writes about job hunting, toxic workplaces, careers and much more.

    Bruce Kasanoff
    The career coach and social media ghost-writer posts about how can people achieve success, how to be a great leader and bring out the strengths of our people, how to find talent and more. His articles are not only interesting but humorous too.

    Who influences you the most on LinkedIn?
    Tweet us at @FormiumLtd
  • The Financial Times Essential Guide to Negotiations

    The Financial Times Essential Guide to Negotiations

    This book provides what it promises on the cover – how to achieve win-win outcomes in each of your business deals.  A straightforward, practical guide that lists what is required to achieve success.

    Geof Cox’s book comes with a great, logical and easy-to-follow structure:

    1.Planning it

    2.Doing it

    3.Reviewing it

    The writer recognises and comments older models for the negotiation process by Chester Karras, Roger Fisher & William Ury, Neil Rackham and others.

    The recommended resources concentrate on prep work and communication skills as well as the effective use of set-piece negotiation models. Novices are warned about tricks and dubious tactics and for advanced negotiators, the author suggests strategies for complex situations, such as negotiating across cultures or with several stakeholders.

    In line with the style of the FT Essential Guides series, Cox uses practical case studies and instances, along with easily adaptable tables and diagrams all throughout his book.

    The task and results-orientated publication’s style is simple, clear and easily interpretable.  Reading Cox’s book itself is not a guarantee of success but following the steps, taking his advice and learning from others’ mistakes will definitely help you to accomplish negotiation success in the long run.

    The book is available on amazon.co.uk and amazon.com.

  • Doing good, doing business

    Doing good, doing business

    Social enterprise is a dynamic and also motivating way to do business, it’s an interesting and fast growing sector, a movement not only in the UK but around the globe.

    Social enterprises are businesses trading to address social problems, improve communities, people’s quality of life or the environment. It seems the same as charity work but it is different. These organisations make and do things to make profits like every other business, but they are reinvesting their profits to make even more good. They do this in various ways: reinvesting in community projects, providing services for people who otherwise might not get them, or creating jobs for people who would otherwise be left out from work. That’s what Unseen Tours did, does and will do.

    Unseen Tours is a prize-winning, not-for-profit social enterprise in London. Presently, they offer 6 alternative sightseeing tours through the capital’s most vibrant and exciting neighbourhoods- Brick Lane, Brixton, Camden, Covent Garden, London Bridge and Shoreditch-, led by homeless and  previously homeless guides.

    “We never wanted to be a charity, we wanted to make profit and reinvest that money, that’s why we are a social enterprise.”– says Faye Shields, the director.
    Everything started in 2010 as a project by Sock Mob Events, an informal volunteer network– so called simply because through regular weekly walks these people offered socks, food and friendship for men and women living on the streets of London.

    Their guides earn a living through the tours. They directly get  60% of the ticket sales. And what about the other 40%? It’s also reinvested, out of that 40% the guides also receive their travel and mobile top-ups every month and the remainder is used for essential operational costs. Any profit Unseen Tours makes is directly reinvested into the enterprise to engage more guides and widen the scope of the tours.

    People are needed to run an organisation. The team that works behind the scenes of the successful social enterprise is formed of volunteers. They fit volunteering around their full-time job responsibilities to help making Unseen Tour a success.

    The enterprise works like a real organisation; they have a director, the different tours have coordinators, they even have a person to manage their social media.
    Unseen Tours offers a one-of-a-kind experience of London and unique insight into the capital’s life whilst giving visibility and voice to people who often feel unseen and unheard.

    Unseen Tours is a social enterprise with great purpose– to change perceptions of the homeless and to provide an income to individuals who might otherwise be excluded from work. They are doing good but also business. With their business strategy, so far they have helped 20 homeless or formerly homeless people back on their feet.

    To find out more about Unseen Tours and to book a tour visit their website here. Take part and win prizes in their newest campaign, share your unseen story with #MyUnseenStory on Facebook, Twitter or Instagram.

  • Business approaches for tackling poverty

    Business approaches for tackling poverty

    The authors suggest that few of the most sustainable and scalable solutions to poverty and deprivation are those based on business – instead of charitable – methods. This chimes with Melinda Gates’ TED talk about adaptable strategies from Coca Cola that could make non-profit organisations more effective.

    The practical guide, Scaling Up includes a wide variety of case studies of both the families this kind of approach has helped, and the organisations and social entrepreneurs who have successfully applied it. The book comes across as an extremely well researched while written with the practitioner in mind. Examples from around the world including India, Latin America and Africa range from the more familiar cases of microfinance and housing to community savings and utilities.

    The authors recommend a range of strategic and market-driven approaches which can help people at the bottom of the economic pyramid, effectively challenging many assumption of the traditional charitable / donor-reliant approach to NGO-led development. The opportunity to achieve scale is explored both as the traditional scaling of the organisation itself, and as increasing its influence on the ecosystem.

    The contents are practical, addressing core management problems just like finance and marketing in a new context. The book is very well structured, the only tougher aspect to its presentation is the excessive amount usage of acronyms, which grates in spite of a glossary at the front of the book.

    Reading the book is more than likely to be of instant benefit to managers already working in social enterprises or the third sector, but Scaling Up is a remarkable read for any leader curious about the economics of social justice.

    The book is available on amazon.co.uk and amazon.com.

  • 5 of the Best … Good Cause Organisations

    5 of the Best … Good Cause Organisations

    Good cause businesses should have more attention. There are lots of them everywhere in the world that support wonderful causes. Here are 5 exceptional social enterprises that make a change around the world:

    This Foreigner Can
    A social enterprise with a purpose to improve the lives of migrants by supporting them to eventually become entrepreneurs.

     
    Paper & Cup
    This is a not-for-profit social enterprise in East London is managed by a local charity offering work experience and training program to former addicts and long-term unemployed.

    The Big Issue
    The Big Issue is one of the United Kingdom’s top social businesses and exists to offer homeless people the chance to make a legitimate income, thereby helping them to reintegrate into mainstream society. The Big Issue publication is also the world’s most widely circulated street magazine.

    Bike Station
    Scotland’s biggest, and one of its longest established, bicycle recycling charities. They sell and restore bikes and deliver trainings on cycling safety to individuals and groups.

     
    Future Clean
    An eco-hand car wash located in North London. A social enterprise that delivers training and job opportunities for local disabled men and women.

     
    What is your favourite good cause business? Let us know in the comments below or tweet us @FormiumLtd!

  • Big Data by Bernard Marr

    Big Data by Bernard Marr

    Big Data is an expression that we hear often but not everybody understands what it is and how to use it beneficially. Bernard Marr’s book is a guidebook for all businesses on harnessing the potential of data. He argues that data by itself is valueless, data only has value if it is converted to insight– what he terms Smart Big Data.
    Marr explains why “Big Data is the heart of the smart revolution” – and details how every facet of our life and world has become smart: health, parenting, homes, sport as well as love. Really successful companies realise who are their customers, what are they doing, what do they like, what are their needs now and in the future. Those businesses have that knowledge because they have collected their customers’ digital trace and know how to use that data.
    Marr’s award-winning book is a practical guide, loaded with tips for business owners, leaders, managers or anyone working within this field. It’s a reader-friendly book about what could have been a dry topic. For all those who aren’t convinced in the importance of Big Data, Marr makes a convincing case that it is a phenomenon and sensible use can lead to success.
    The book is available at amazon.co.uk and amazon.com.

    Agi Galgoczi

  • 5 of the Best … Quotes on strengths

    5 of the Best … Quotes on strengths

    Formium Development team believe in a strength-based leadership approach. Leaders should concentrate on developing strengths instead of fixing weaknesses. Practicing a positive approach will likely help you and your organisation to become a lot more authentic and also more effective. Read our most-liked quotes on strengths:

    1 2 3 4 What’s your favourite quote on strengths? Share with the online community in the comment section, or tweet us your favourite quote @FormiumLtd!

  • Ensure that people know what is expected of them

    Ensure that people know what is expected of them

    When I talk to managers and leaders, the theme of high performance is a frequent topic of conversation. We can all agree that being an excellent organisation and delivering exceptional products or services are very important, but does everyone we work with know what we actually mean by excellence in the day-to-day?

    6 methods to set obvious expectations for high performance
    Too often, managers seem to lead through mental telepathy. Without clearly communicated expectations– in terms of standards or the milestones against which we analyze our progress – team members may not know what to do and how to do it. This can result in uncertainty, undermining effective teamwork, initiative and productivity.
    Properly setting expectations for employees or team members is a critical dimension in quality workplaces, according to a large research of managers undertaken in the 1990s by The Gallup Organization. Underneath are a few ideas on setting clear expectations that will set standards for excellence and outcomes.
    1. Begin with creating a compelling goal. Describe and explain what you want the end result to look like. Not just what you want done, but the purpose and the results you want to achieve when the project is finished and the responsibility of everyone in its achievement. People want to know that their job, whether large or small, makes a difference.
    2. Talk about what you mean by “excellent performance”. This step is needed to make the vision ‘actionable’ and translate it into tangible performance measures. Set metrics where possible, paint a complete picture of the requirements you are expecting. Refer to your performance review form or competency framework for behavioural standards.
    3. Concentrate on the required outcomes, instead of on the exact steps you want your people to take. Think of this as coaching rather than controlling. Encouraging your people to design their own way of delivering positive outcomes allows each team member to use their strengths to their fullest potential.
    4. Provide regular feedback. The yearly appraisal or performance review is insufficient and often too late to let staff members know how and whether they are meeting your expectations. Give feedback  along the road: define the context, refer to the vision and give your reasons for the feedback. Next plan for a way forward, ask for more or less of what you observed. Take a coaching, rather than disciplinarian approach. The more two-way communication, the greater the clarity around the expectations.
    5. Give positive encouragement. Until you are particularly experienced at giving feedback, don’t use the ‘sandwich’ of positive– constructive– positive comments. As Ken Blanchard suggest in One Minute Manager, catch employees doing things right and you’ll get even more of it.
    6. Give people the flexibility to perform well. As soon as the expectations are clear get out of the way and let people to meet them. Having set clear standards, milestones or due dates, every member of your team will have the ability to track their own progress, check whether they are meeting the milestones and behavioural standards. This approach also allow individuals be accountable for delivering their own work, so that they can course correct where needed or stay on track to make their full contribution.

    To find out more about Positive Leadership view our webinar.