Management + NZBusiness March 2019

Inspiring Business leaders

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M2 | | MARCH 2019 THINKING AFRESH I was lucky enough over the summer break to stay in a bonafide tiny house in gorgeous Raglan, and having been an avid watcher of the many television and streaming programmes on tiny houses, it was fascinating to stay in one. It was small, but perfectly formed, with top of the range everything in just a few square metres. And it was as tidy as any house Marie Kondo (see Netflix) has had her hands on. Which got me wondering about how this trend to re-appraise the way we live and the footprint we leave, translates in a business sense. Maybe it is around business standing up and taking the lead around sustainability; around ensuring everyone has their fair share of the necessities of life and on giving back to the wider community – a community that provides the social licence to operate that no business can exist without. And that seemed to be much of the thinking that was coming out of the World Economic Forum's Annual Meeting in Davos in late January. The many media statements from the event seemed to be pointing that way – towards business taking a larger role in society, in leading the sustainability charge and in helping the most vulnerable in our global society. We have highlighted just a few of the many topics that came under discussion at the event on page 10. This issue we also delve into personal productivity, what makes one person more productive than another? And in a world where no-one ever seems to have enough time, how do you prioritise what's important? See page 6. I was also very taken with INSEAD Knowledge's article on the five key capabilities for effective leadership (page 4). As the authors point out: "It is important to dispel the common myth, which has crushed the soul of many an executive, that leaders should possess all of these [leadership] skills." Wise words. Have a good month. Annie Gray F R O M T H E E D I T O R 4 4 THE FIVE KEY CAPABILITIES OF EFFECTIVE LEADERSHIP Effective leaders know what their strong suit is and do not fall for the myth of the omniscient leader. They do not delude themselves into thinking that the success of the whole organisation solely rests on their shoulders, write Deborah Ancona and Henrik Bresman. 10 WHAT WORLD LEADERS ARE TALKING ABOUT With 3,000 global leaders from politics, government, civil society, academia, the arts and culture attending the World Economic Forum Annual Meeting in Davos late last month, what can New Zealand leaders learn from the discussions? 12 UNDERSTANDING THE COMPLEXITIES OF PAY STRUCTURES An important part of the conversation around pay structures is how to make them transparent within the organisation and to what extent that should be facilitated. By Christine Whelan. NZ Management magazine is published by Adrenalin Publishing Limited. Copyright: NZ Management is copyright and may not be reproduced in whole or in part without the written permission of the publisher. Neither editorial opinions expressed nor facts stated in advertisements are necessarily agreed to by the editor or publisher of NZ Management and, whilst all efforts are made to ensure accuracy, no responsibility will be taken by the publishers for inaccurate information, or for any consequences of reliance on this information. NZ Management is an 11 issue magazine. Subscription in New Zealand is $68 (incl GST). Please call us for overseas rates. Enquiries: Adrenalin Publishing Limited, 14C Vega Place, Mairangi Bay, PO Box 65 9092, Mairangi Bay, Auckland 0754, New Zealand. Phone: 09-478 4771. Institute of Management New Zealand enquiries to: or IMNZ - Box 6600, Auckland 1141 Vol 66 No 02 • ISSN 1174-5339 (Print), 1179-3910 (Online) EDITOR Annie Gray ADVERTISING MANAGER Leanne Moss ADVERTISING EXECUTIVE Rachel Witberg DESIGN & PRODUCTION COVER IMAGE Gettyimages PROOFREADER George Ward PUBLISHER Cathy Parker CONTRIBUTORS Deborah Ancona; Henrik Bresman; Kate Kearins; Jane McCarroll; Jackie O'Fee; Kirsten Patterson; Cathy Parker; Sarah Pearce. SUBSCRIPTIONS & CIRCULATION ENQUIRIES Follow us on

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