Steering Point Articles
What is the “Fresh Start Effect” and how can we use it to our Advantage?
“We compartmentalise time according to personal experiences, and each new personal experience in turn opens up a new mental accounting period. Studies show that it is at the start of these newly formed mental accounting periods that we are most likely to pursue our aspirations – and most likely to have success doing so.”
The Role of Financial Services in Combating the Climate Crisis
“Financial exposure to catastrophic climate events, potential overvaluation of companies in fossil fuel and resource-scarce industries, increased regulation to enforce Sustainable Development Goals, rising shareholder activism, and the rapid increase in consumer scrutiny on corporate behaviour are just some of the issues around which financial institutions need to be wary.”
Outgrowing Validation
“A man can be happy he got a good haircut, but if he makes his hair his defining characteristic then all it takes is nature’s vengeance in the form of male pattern baldness for him to come undone. Enjoy the haircut while you have it. But accept one day that it will go, and that that’s fine too.”
AI: The Changing Face of Project Management
“Key skills of project management such as scheduling, budgeting and monitoring of progress are more easily adopted by technology than positions that rely on creative thinking or interpersonal skills. As such, project managers will have to adapt.”
Chameleons, Leadership and Change
“Change can be a complicated process involving deeply rooted behaviours, internal politics, impending risks and numerous benefits. To navigate change effectively, it is critical that leadership teams are given training, regular individual performance feedback sessions and support.”
Financial Education: What do Employers Owe their Employees?
“Employers have an obligation to ensure their staff are financially literate. That means teaching them about key areas in which they can make improvements, such as budget and savings planning, financial goals, property advice, retirement projections, investment education and debt management – and tailoring that advice according to each individual’s circumstances. ”
Effectively Implementing Goals
“Every year, all over the world, people set themselves goals they have no chance of achieving. It’s a double negative – not only are they not fulfilling the goal, but they’re left feeling like failures because they fell short. To make effective goals, one must first self-evaluate and decide what you really want. You have to know where you’re going before figuring out how to get there.”
Beyond the Spotlight: Unravelling the Hidden Truths of Survivorship Bias
“Survivorship bias is a subtle yet pervasive cognitive oversight that significantly impacts our understanding of success and failure. Often going unnoticed, it affects various areas, from entrepreneurial ventures and the entertainment industry to our everyday decisions and scientific research methodologies.”
Resetting for 2024
“It’s interesting to note that one of the most debated chapters in executive education classes around the world is the concept of “what got you here, won’t get you there”. This simple but powerful idea suggests that while building the first curve of success, it’s important to start thinking about the second curve.”
Santa Claus: Lessons in Leadership
“It’s that time of year where history’s most famous CEO steps up to deliver on his annual project. Santa Claus is a cultural behemoth. Hardly a soul on Earth is unaware of his specific approach to leadership, replete with elves, reindeer, sleighs and coal. But is Santa a good leader? Where does he impress and where could he improve? In what areas can we learn from Santa and in what areas could he perhaps do with updating his approach?”
Assessing Your Year’s Progress
“As we reflect, we can’t help but be caught up in questions as to how our year has gone – have we achieved everything we set out to? Where did we shine? Where did we fall short? How can we know if we’re progressing?”
Mastering Change and Complexity: Strategic Leadership in an Uncertain Business World
“In the fast-paced, high-stakes world of contemporary business, understanding VUCA – Volatility, Uncertainty, Complexity, and Ambiguity – is crucial for any organisation aspiring to survive and thrive. This section delves into these elements, weaving together real-world examples and strategic insights.”