Business - Vida Healthcare

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BUSINESS SKILLS FOR THE

POST OF CHIEF EXECUTIVE

PEOPLE

Leadership

Establishes vision and sets direction. Demonstrates personal character, builds organisational capability and mobilises individual commitment

OPERATIONS

Organisation and Planning

Through applying systematic methods and working to clear logical plans, is able to organise, prioritise and successfully complete workloads and goals/objectives within set/agreed timescales

Analytical Skills

Can reason with complex information, a critical thinker who will probe and question the options. Thinks logically and objectively and has the ability to evaluate alternatives effectively.

Problem Solving and Decision Making

The ability to identify and analyse problems effectively to generate options and implement effective solutions – draw accurate conclusions reacting sensibly and taking appropriate actions

BUSINESS

Organisational Awareness

Demonstrates an awareness and understanding of what is going on within the organisation and uses industry and market knowledge to support the business

Commercial/Financial Awareness

Has a concern for the bottom line with the ability to understand & produce financial effectiveness which will enhance the overall profitability of the business

Change Management

Has the ability to drive through change and adapt to new situations. Gains commitment and understanding to changes incorporating them positively within the work environment. Demonstrates adaptability and flexibility as the requirements of a situation necessitate.

INTERPERSONAL

Communication

Selects the most appropriate medium with which to communicate. Communication is clear, timely unambiguous and to the point. Has the versatility to adapt communication style to suit audience.

Persuading & Influencing

The ability to achieve win/win scenario, gaining compliance and co-operation using a range of strategies to agree favourable and mutually acceptable outcomes

Networking & Relationship Building

Able to establish and maintain working relationships at all levels. Builds networks both internal and external in order to benefit the business.

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People - Leadership

Establishes vision and sets direction. Demonstrates personal character, builds organisational capability and mobilises individual commitment.

Level 3 - Expert

Identifies ways to shape business thinking and achieve real transformation

Creates and conceptualises the vision

Is perceived throughout the business as a role model

Role models behaviours, values and attitudes - has self-mastery

Understands the capabilities and skills needed to deliver future business needs

Creates an environment that stimulates creativity and innovation

Creates change agents, individuals who embrace, adapt to and create change

Has high self awareness

Is aware of emotional intelligence & demonstrates individual consideration

Level 2 - Professional

Focus is on the future as well as the present

Conveys a compelling vision that generates energy and commitment to goals

Is principled (committed, courageous, demanding of self & others, confident, has a strong set of values)

Lives the company mission, vision and goals

Lives the company Values

Inspires the trust of others

Encourages and acknowledges the appropriate behaviours in others

Achieves unity

Is adept at drawing on experience outside their own sector and taking a broader view than the norm

Provides motivational leadership to the team

Level 1 – Competent

Works to unite others towards a common goal

Communicates the vision to others

Has and creates a positive self-image

Adapts leadership style to team and individual

Creates an environment where people are empowered

Actively champions and sponsors own area of business

Leverages diversity

Shares power and authority

Leads by example

Demonstrates accountability

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Negative Indicators

Fails to lead

Fails to inspire others

Fails to unite others toward a common goal

Does not understand the need for a clear people strategy

Takes no action to make people feel recognised or valued

Has a single leadership style for all occasions

 Demonstrates a reluctance to put own head on the block or express own/own area’s interests

Remains distant

 Works from a “knowledge is power” base

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Operations - Organisation and Planning

Through applying systematic methods and working to clear and logical plans, is able to organise, prioritise and successfully complete workloads and goals/objectives within set/agreed timescales

Level 3 - Expert

Consistently achieves objectives and deadlines with high quality results

Continually reviews and re-plans to ensure any change is effectively dealt with

Builds in contingencies or other preventative actions in relation to identified risks

Sets priorities which take into account short & long term business needs

Considers medium and longer term resource requirements

Confidently manages ambiguity & open-ended plans

Adopts a proactive rather than reactive style

Predicts/identifies future opportunities and plans to meet these

Takes into consideration the likely impact on other internal customers

Is viewed by the business as a role model in both time and self management

Level 2 - Professional

Works out resource & time requirements to ensure plans are realistic

Consults others in the planning process to get best workable plan

Draws up clear milestones & measures in order to monitor achievement against plans

Effectively uses all available planning tools

Any plan reflects clear objectives and outcomes

 Able to both say and accept “No”

Organises own and others work to achieve maximum output

Considers and evaluates a range of options before choosing appropriate course of action

Anticipates possible problems/risks and communicates this appropriately

Encourages team members to effectively manage “time and self”

Ability to develop and use accurate time plans to achieve goals and objectives

Level 1 - Competent

Makes best use of available resources

Endeavours to prioritise key tasks & gets important work done first

Plans how to deal with peaks & troughs in own work load

Does not forget or ignore the less important or less urgent tasks

Demonstrates a structured, methodical approach to work

 Respects other people’s time

Understands and applies basic time management techniques

Recognises where help is needed, and seeks help where appropriate

Is organised and tidy

Arrives on time for meetings

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Negative Indicators

Misuse of time and resource

Expects others to respond to their last minute requests

Consistently fails to achieve deadlines

Does not plan or prioritise

Does not delegate

Does not set or monitor standards or targets

Is consistently late for meetings

Draws up unrealistic time plans

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Operations - Analytical Skills

Can reason with complex information, a critical thinker who will probe and question the options.

Thinks logically and objectively and has the ability to evaluate alternatives effectively.

Level 3 - Expert

Can reason with complex information

Can evaluate both verbal and numerical alternatives effectively

A critical thinker who will probe and question the options

Understands numerical data, identifies trends and anomalies and draws appropriate conclusions

Balances accuracy/quality, with achieving results and meeting targets

In complex situations identifies & focuses only on the critical criteria

Level 2 - Professional

Analyses logical and obvious relationships between several consequences of action

Considers a range of complex and inter-related variables

Understands both explicit and implicit interdependencies upon which success is reliant and takes these into account

Recognises interdependencies between data in separate sources

Discovers the general pattern, issues and themes and underlying disparate data

Takes responsibility for decisions where appropriate and refers to others where necessary

Understands the wider implications behind a situation or set of facts

Maintains an overview of complicated situations rather than get bogged down

Level 1 - Competent

Analyses and makes sense of a considerable amount of information

 Able to ‘see the wood for the trees’ and think logically

When faced with a complex issue ensures that fully understands it before progressing

Analyses straightforward problems logically

Identifies consequences of actions and can determine priorities

Makes sound judgements based on experience and knowledge

Identifies critical components of a problem

Evaluates alternatives and draws logical conclusions

Identifies key trends/themes in data or situations

Negative Indicators

Demonstrates little ability for logical reasoning. Responds to immediate needs or requests without consideration of longer-term plans.

Approaches problems in a muddled and illogical way

Is daunted by volume of information

Jumps to conclusions without seeing the key points

 Can’t ‘see the wood for the trees’

 Evaluates subjectively & allows own emotions to ‘get in the way’

Only sees immediate problems

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Operations - Problem Solving & Decision Making

The ability to identify and analyse problems effectively to generate options and implement, effective solutions – drawing accurate conclusions reacting sensibly and taking appropriate actions.

Level 3 - Expert

Willing to make firm and speedy decisions and commit to definite courses of action, on the basis of limited information if necessary

Measures the effectiveness of the techniques used and the impact on the business

Consistently achieves high quality results from using problem solving techniques

Encourages others to apply creativity and innovation methods in solving problems

Has confidence in own judgement, produces well-founded decisions

Level 2 - Professional

Actively uses the tools and techniques of problem solving

Is capable of facilitating problem solving techniques, i.e. six thinking hats, lateral thinking

Makes rational, realistic and sound decisions based on consideration of all the facts and alternatives available

Can facilitate the team to reach consensus

Uses creativity tools to aid problem solving

Level 1 - Competent

Involves appropriate people to identify issues and generate solutions

Identifies solutions to problems

Challenged assumptions, asks questions in order to explore and clarify

Breaks problems into constituent parts and differentiates key elements from the irrelevant or trivia

Effective use of logic

Considers consequences of decisions/actions

Considers other peoples views and ideas

Involves the team in decisions that affect them

Negative Indicators

Makes a decision before obtaining sufficient facts. Makes decisions based on time available rather than on quality of the result

 Allocates tasks on the basis of liking for the individual rather than on the basis of that person’s skills

Fails to recognise and to utilise fully the team resources that are available

Assigns resources to tackling the wrong problem

Shows lack of awareness of or sensitivity to environmental factors which are likely to have an impact upon the business

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Business - Organisational Awareness

Demonstrates an awareness and understanding of what is going on within the organisation and uses industry and market knowledge to support the business.

Level 3 - Expert

Demonstrates a good knowledge & understanding of the market place/issues related to the business

Works to understand and analyse the market place and competitor activity, taking note of developments which impact the business

Identifies areas for gaining significant and sustainable competitive advantage over competitors

Keeps abreast of political, economic, technological and environmental factors which impact on the organisation and its customers

 Understands the organisation’s long-term goals and strategies

Identifies market opportunities & develops a strategy to support business growth

Updates others with industry information which is relevant to their role by sharing knowledge

Develops networks within relevant industry sectors to keep up to date with leading edge initiatives

Level 2 - Professional

 Understands the organisation’s market and competitors

Demonstrates an understanding of the division/department and its relationships with other areas

Knows who to go to for certain types of information within Vida Healthcare

Understands the division’s objectives and how the division is performing against them

 Interprets figures, trends and business information relative to the division’s activities

Understands how the division fits into the business and prioritises relative to business needs

Maintains an awareness of the internal and external factors, which may impact their division.

Makes adjustments to the operation as required

 Has a sound knowledge of the Company’s products and services

Is aware of industry/organisational constraints and how this impacts own business area

Level 1 - Competent

 Understands the organisation’s short-term goals

 Understands the organisation’s customers, systems and processes

Understands the formal structures and processes of the business

Understands where and how their team fits into the business and prioritises accordingly

Understands the key links and interdependencies throughout the business and uses this understanding to identify and assess opportunities to improve standards and/or performance

Passes on information to others who may have an interest in improving/updating their business knowledge

 Shows an understanding of the company’s products and services

Shows an interest in reading Company/Industry information

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Negative Indicators

Neither commits to nor communicates the change agenda

 Does not communicate downwards the organisation’s short-term goals

Works in a vacuum

Makes little effort to find out about anything beyond own job

Does not know what is going on in the business or what the main competitors are offering

 Doesn’t know what other departments do

Never seeks out industry information

Does not communicate relevant industry information to other stakeholders

Does not understand the main products and services offered by Vida Healthcare

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Business - Commercial/Financial Awareness

Has a concern for the bottom line with the ability to understand & produce financial effectiveness which will enhance the overall profitability of the business.

Level 3 - Expert

Secures optimal return on investment to achieve strategic plan/business case

Focuses on main levers for improving profitability

Consistently exceeds expected return on investment

Ability to implement effective decisions relating to the Capex process

Consistently considers longer term market influences when creating strategic budgets

Demonstrates cross functional awareness of the implications on the rest of the business in striving for financial measures

Demonstrates a Company financial awareness

Act upon financial trends to deliver business growth and maximise revenues

Ensures that new investments are accompanied by a NPV (Net Present Value) calculation

Level 2 - Professional

Involves relevant parties in preparing and setting budgets

Applies financial principles relating to estimating, phasing and monitoring budgets

Demonstrates full understanding of committed, actual and accrued spend

Has a sound working knowledge of Vida Healthcare accounting & budgeting principles & aligns budgets to company goals

Able to produce, analyse and use accurate forecasting information

Employs sound business planning before committing capital, including ROI metrics

Weighs up cost vs. quality implications both from a short term & long term perspective

Understands that negotiation of good Payment terms on quotations is essential

Understands that credit worthiness on new customers is essential

Level 1 - Competent

Demonstrates the ability to forecast and control a budget

Able to use and produce accurate budgeting documentation

Applies structured approach to budget preparation

Ability to establish actual vs. budget spend and take remedial action where necessary

Ensures signed quotes are received prior to commencement of work

Demonstrates the ability to produce a sound business case for all capital expenditure

Controls costs in own area

Looks for & implements cost savings and/or productivity improvements

Understands the importance of revenue recognition & that revenues must be taken when work is completed

Reviews operating statements monthly and discusses anomalies with product line accountant

Understands key financial indicators such as revenues per FTE, margins, profitability

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Negative Indicators

Budget preparation is unstructured, not thought through or aligned to company goals

Ignores or fails to see budget overspend

 Doesn’t consult with product line accountants regarding discrepancies

 Doesn’t produce a business case for capital expenditure

 Doesn’t review budget to establish actual vs. budget spend

Lack of understanding of operating statements

Starts work without the existence of a signed quote

Recognises revenues when work has not been started and milestones have not been reached

 Doesn’t understand the importance of key financial indicators i.e. Revenues per FTE, Margins,

Profitability

 Doesn’t understand the importance of monthly forecasting i.e. revenues and costs

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Business - Change Management

Has the ability to drive through change and adapt to new situations. Gains commitment and understanding to changes incorporating them positively within the work environment.

Demonstrates adaptability and flexibility as the requirements of a situation necessitate.

Level 3 - Expert

Adapts the strategy as required by the business

Sees flexibility as a lever for generating competitive advantage

Helps others to understand and embrace change

Shows a range of styles with which to overcome objections and obstacles

Communicates and sells changes making clear the benefits to the business and the individual

Makes sure that changes are paced and achievable and that momentum is sustained

Level 2 - Professional

Proactively seeks to change tack to create a positive impact

Alters own behaviours to achieve desired outcome

Whilst maintaining the same overall strategy and plan can adapt the method/process in order to achieve the end result

Adjusts the style of operation to the needs of the situation

 Explains the ‘why’ as well as the ‘what’ to others

Involves staff in changes that affect them

Recognises impact of change initiatives on workload and takes appropriate action

Level 1 - Competent

Is aware that different circumstances call for different behaviours

Keeps working effectively if targets/goals/resources alter

Responds positively when asked to change plans/goals

Is very open minded about change

Alters normal approach/procedures to fit a specific situation to get a job done and/or meet company goals

Seeks out information to understand the need for change

Negative Indicators

Resists or reacts negatively to change

Uses the same approach regardless of circumstances

Deliberately puts obstacles in the way of any change initiative

Work performance/output is unduly negatively affected by change

Wants to adhere to original plans, targets etc even when the reason for change is explained

Prefers to work on similar tasks or projects in the same way

Is not willing to explore new ways of working

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Interpersonal - Communication

Selects the most appropriate medium with which to communicate. Communication is clear, timely, unambiguous and to the point. Has the versatility to adapt communication style to suit audience.

Level 3 - Expert

Conveys high impact messages to influence actions and behaviours

Uses advanced techniques in business report writing

Understands alignment of message and communications link with overall business strategy

Recognised by the business as being a consistently articulate and effective communicator

Adapts social style to that of the individuals they are communicating with

Able to persuade and influence through effective communication techniques

Captivates and engages the audience throughout

Handles difficult questions or situations arising from the communication

Level 2 - Professional

Conveys complex information in an easily understandable way

Endeavours to establish appropriate social style and is prepared to adapt style to suit audience

Ability to discuss/produce effective communication medium to inform complex issues

Through thorough planning, is able to pre-empt and prepare for audience reaction and questions

Ability to build rapport to influence message, acceptance and understanding

Uses appropriate body language, eye contact and behaviours - speed, pauses, pitch, emphasis, volume, dialect, vocabulary etc

Level 1 - Competent

Conveys basic information

Able to communicate using a method appropriate for specific recipient understanding

Recognises correct method of communication to suit message impact

Selects the most appropriate time for effective communication

Awareness of and use of appropriate lines of communication

Communication is clear and concise

Understands the importance of appropriate body language, eye contact & behaviours in verbal communication

Ability to produce legible written work taking into account semantics, grammar, spelling, vocabulary, punctuation, structure, fonts, layout and style

Takes into account sensitivities and uses appropriate terms and language

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Negative Indicators

Communications lack clarity through brevity or being over-long

Uses vocabulary or abbreviations with which the audience is unfamiliar

Rambling or off-topic communications causes confusion

Fails to identify correct target audience

Timing of communication is inappropriate – too early, too late, or unintentional

Fails to identify the most appropriate method of communication

Written communication is illegible or littered with mistakes

Does not take surroundings into account when communicating – fails to recognise personal space, other people listening, formality of situations etc

A technophobe who fails to utilise technology for communication – even the telephone is scary

Inappropriate use of humour

Causes offence through lack of sensitivity

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Interpersonal - Persuading & Influencing

The ability to achieve a win/win scenario, gaining compliance and co-operation using a range of strategies to agree favourable and mutually acceptable outcomes

Level 3 - Expert

Consistently demonstrates the use of advanced negotiation techniques in high impact issues

Is recognised by the business as a top influencer

Applies influencing techniques with natural ability

Leads the way in complex negotiations

Gains willing acceptance of ideas and messages

Understands the needs of all parties when negotiating

Effectively counters the arguments of others

Level 2 - Professional

Effectively uses a variety of complex structured negotiation techniques and methods

Creates a credible impact on others

Delivers win/win solutions

Is able to identify and realise opportunities

Actively seeks opportunities that will benefit both parties

Follow structured process to influence others

Provides suggestions that facilitate the negotiation process

Knows who the decision makers/influencers are

Level 1 - Competent

Is able to influence others

Speaks up & argues the case

Listens and questions effectively to understand the issues, or viewpoints

Uses facts and benefits to influence others views and opinions

Accepts when others will not be influenced

Adopts a win/win approach

Stays clear, calm & coherent despite pressure

Understands business goals and objectives when negotiating

Negative Indicators

When negotiating or influencing there is always a winner and a loser

Fails to see the bigger picture

Bullies, blusters, blackmails and threatens

Obsequious

Fails to make their needs understood

Has an inability to influence others

Dismisses the views and opinions of others

Uses position to force through negotiations

 ‘Why?…because I’m telling you to’

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Interpersonal - Networking & Relationship Building

Able to establish and maintain working relationships at all levels. Builds networks both internal and external in order to benefit the business.

Level 3 - Expert

A knowledge of current issues affecting the industry

Developed contacts in the media or government that can benefit the company and industry

Developed business relationships at a senior level across the business community

Established international business relationships

A member of industry working parties or contributing to industry projects

Level 2 - Professional

A knowledge of current issues affecting the company

Developed working relationships with individuals from a wide range of organisations within the domestic industry

Beneficial contacts in the local community

Contributes to projects spanning several departments or multiple sites

Develops external relationships whilst attending scientific or industry related meetings

Level 1 - Competent

Has an understanding of the operations of departments or sections with which they regularly interact

Sufficient knowledge of current issues of immediate colleagues

Actively involved in several co-operative projects

Has developed inter site relationships

Works at various levels with different teams

Has made useful across the organisation introductions recently

Duplication of effort does not exist or has been addressed

Makes the effort to meet face to face

Has a knowledge of current issues affecting own department

Attends scientific or industry related meetings

Negative Indicators

Insular, reticent about meeting new people

Avoids or wastes opportunities to network

Hides behind emails rarely talking to people outside of immediate requirements

Focus is exclusively on own job role – fails to see bigger picture

Focus is only on own section/department/site

Duplicates effort or fails to learn from developments in others areas of the organisation

Avoids working with people on joint projects

Antagonises people hindering positive networking

Fails to take account or ignores the needs of others

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