At EIM, we are extremely grateful for your support and your trust you have given to all our team this 2018.
We have experienced a successful twelve months this year. We see the executive interim business landscape continue to gather increased demand from the Listed ASX and SMALL to MEDIUM sized organisations as they look to both transform and/or integrate their operations for future growth.
Further, our Australasian regional economic partnerships through Asia ensures our market remains a strong supplier of experienced interim executives to support growing APAC client needs. This demand mirrors the growth we experience as a business globally – particularly in the EU and North America whereby EIM will continue to support border engagements effectively and efficiently.
On a personal and localised front, EIM is well positioned for growth over the next decade ahead. Like our client partners, we always look to the future to ensure we’re ready to continue to remain current and to ensure we provide exceptional services to you. With a change ownership recently to Dave Storey who now leads our Australasian business operations, we continue to transform the business with processes, practices and in-time growth in personnel across our offices to ensure we deliver the executive leadership talent that meet your business critical needs.
Wishing you, your colleagues, family, and friends a safe and relaxing break over summer. We look forward to seeing you in the new year.
Dave, Garry, Chris, Alan, Debra, and the EIM Team.
The size of a company’s research and development (R&D) wallet is not as important as how that money and other resources are used to create products and services that connect with customers. In addition, there is no long-term correlation between the amount of money a company spends on its innovation efforts and its overall financial performance.
These findings were recently reaffirmed in Strategy+Business’s (S+B) analysis of the 1,000 publicly held companies that spend the most on R&D. S+B’s coparison of a subset of companies dubbed “high-leverage innovators” across lists in 2007, 2012 and 2017 found only two companies qualified in all three years: Stanley Black & Decker and Apple.
Their analysis also revealed that both the high-leverage innovators and the larger universe of companies that report relative high performance have six key characteristics:
Says S+B: “The first five are widely understood, though executed to varying degrees. The sixth is something that only the best innovators accomplish.”
Those looking to improve the efficiencies of their R&D investment may like to examine the strategies of those that consistently perform at the top of their game. Read the S+B article here.
Transitioning to the 4th Industrial Revolution is creating dissonance. Or, as Tim O’Reilly founder, chairman, and CEO of O’Reilly Media said in an interview: “We have to think things that are unthinkable. We have to actually understand that perhaps the current structure of our entire economy – the current structure of our companies – is being challenged. We have to think new things.”
Basically, managers need to think and act differently when working with Artificial Intelligence and algorithms to power organisations into the future. Yet the role and purpose of a “manager” have not kept pace with what is needed. Management today is still associated with the five basic functions of planning, organising, staffing, directing, and controlling which were outlined by management theorist Henri Fayol almost 100 years ago.
Harvard Business Review believes the job of a manager must be permanently recast from:
To the CEO, O’Reilly offers two profound pieces of advice: “The first is to remember that your goal is to create value – not just for yourself but for your customers, for society, and for your employees. The second lesson is that you win by doing more – not by doing the same thing more cheaply.”
We run companies or parts of companies, manage important projects and fill temporary gaps by providing experienced leaders.
To contact us about your needs for an interim executive anywhere in the world, email Dave Storey, Chris Callinan, Garry Ringwood or Robert Ward on firstname.lastname@example.org or Alan Locke email@example.com
EIM has completed more than 7000 interim management assignments in its 25 year history.
We provide local and multi-national companies with high quality solutions to a range of international and local business management issues. Our global reach is supported by offices in twelve countries in addition to Australia.