Humility, empathy and authenticity key between RW defeat and AKD victory

Other /

The recently concluded Presidential elections in Sri Lanka provided us many lessons in leadership. The key differentiator, in my view, was that Ranil Wickremesinghe (RW) portrayed himself as a ‘master’ of people while Anura Kumara Dissanayake (AKD) projected himself as a ‘servant’ of the people, a servant on the lines of ‘servant leadership’ as propounded […]

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Congruence between compensation philosophy and generic strategy is key to staying competitive

Decision Making, Other /

“Notwithstanding the greatness of the organisation’s culture or the exciting variety in its benefits package, the probability of an employee performing per expectations at remuneration below market is extremely low. Performance-based compensation which pays for success is a way of avoiding increases in fixed pay which arise from factors which are unrelated to success. A

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Aligning a new political order to economic thinking; low on inequality but high on meritocracy

Leadership, Other /

“It is we, the voting citizens of our country, who despite experiencing the vicissitudes of such duplicitous behaviour, brainlessly and in a zombie-like fashion vote for these chameleons who take us for idiots.” Even as “Mondo” Duplantis, the Swedish pole vaulter, was thrilling global viewers with a world record breaking jump of 6.25 metres at the

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Quest for system change paralysed by our Metathesiophobia

Decision Making, Other /

“As we prepare to vote in the 9th Executive President of Sri Lanka, let us recognise some hard truths. Sri Lanka has very little to show after 76 years of independence. Selfish, sleazy, sly, corrupt and unaccountable leaders and their Governments have, through their policies, actions, and inactions, over the past several years, led the

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Succession planning: Neglected tool in managing HR risks

Decision Making, Leadership /

The process of ‘succession’ has been in play, and ‘succession planning’ has been in operation, in various forms, shapes and sizes since the days of yore. Commencing from the replacement of a chief of a hunter-gatherer clan of Homo Habilis about 1.5 million years ago, the process of succession, often natural and spontaneous and sometimes

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Is excessive board interference killing executive spirit?

Decision Making, Leadership /

“Whilst in law, and on paper, a board is superior in rank to management, it is important that a board must never make the management feel inferior. Directors and executives must cohabit on a platform of collaboration, trust, and respect. The board-management relationship must be positioned as a value creating partnership where the board is

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Taking the dread, apprehension and suspicion out of Performance Reviews

Other /

A pulse check of corporate Sri Lanka reveals that there are mixed feelings about the appropriateness and effectiveness of Performance Reviews (PRs). While there are some who swear on the positive role which PRs play through their focus on goal setting, performance monitoring and employee development under an overarching umbrella of performance management, there are

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Leadership development – not a waste of time, energy and money when done right

Leadership /

“Effective leaders are those who enable positive people performance through role modelling, inspiring a shared vision, facilitating an environment of open and frank discussion, licensing the challenge of the status quo, enabling empowerment and decision making, and celebrating success. You do not necessarily have to be a good manager to be a good leader or

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Corporate head office – creator or destroyer of value in a conglomerate

Decision Making, Leadership, Other /

The corporate centre of a conglomerate can be value accretive or value destructive to the conglomerate “The best parent companies are those which create more value than any other rival if they owned the same business. Such businesses are deemed to have parenting advantage. In the same way that business strategy gives rise to competitive

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Limiting Factor Analysis crucial in decision making amidst resource constraints

Decision Making, Finance, Leadership /

Policymakers must determine the level of full capacity national output in understanding the state of the economy and in making informed decisions regarding monetary and fiscal policies The Sunday Times of 28 April 2024 reported that plans are underway to lift the restrictions on the import of motor vehicles because a committee of Treasury Officials has

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