PwC Cork hosts its inaugural Business Leaders' Conference this afternoon at Fota Island Hotel.
The event addressed the need for clear and decisive leadership to help business adapt to the ‘new normal’. Key points noted from today's event were:
Addressing the conference, Ger O'Mahoney, Advisory Partner, PwC Cork said:
"In organisations today we often see stressed customers and stressed balance sheets. In this fifth year of crisis, the need for resilient leadership has never been greater. Resilient leaders are not just communicating a vision for survival or adaptation. Instead, they realise that truly resilient organisations need something else: the agility to create and seize opportunities and to transform themselves in response to shifts in their environments and in consumer behaviour."
"The early adaptors are the winners. This requires in particular staying very close to customers and having a culture of open communications so that the right decisions can be made on time. It also requires having the right people in the right jobs with the right skills. Such leadership will ensure an organisation remains resilient, having the capacity to survive and ultimately delivering growth."
Guest speaker, Bob Savage, Managing Director, EMC Ireland said:
“Unforgiving markets are the reality for leaders seeking to build the successful companies of the future. I have found that opportunities are available to those companies which can meet the challenges of improved focus, reduced costs and enhanced efficiency whilst aggressively listening to and providing for the needs of the new customer. The winners of the future will be those organisations, large or small, which demonstrate a clear direction and drive rapid creativity, not as the exclusive role of senior management but as the focus of an environment of performance which embraces every member of an aligned and passionate team."
Ger O'Mahoney continued:
"One of the best tools business leaders can use to address the challenges they face – and to become more resilient - is effective risk management. The most important areas where greater value can be derived from risk management include more accurate assessment of organisation culture, defining the organisation’s appetite for risk, reporting of risk information to the Board and better management of emerging risks."
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