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Why you need to prioritise coaching | Issue #251

Six important reasons why you need to put coaching first in your business

Learning, developing, growing – there’s a reason these three words go together. You can’t have one without the other. They depend on each other. I’ve worked in businesses that place a high value on coaching and ones that don’t. And the ones that don’t are the businesses that stagnate. 

An organisation’s capacity to grow is defined by its openness to learning, which needs to be embedded from the top to the bottom. From the CEO to the most junior administrator, there needs to be a commitment to ongoing training and personal development. 

But why is coaching so crucial to business growth? What are its main advantages?

E257 | Driving A Healthier Growth Through Sustainability with Andrew Winston

This week we’re learning from Andrew Winston, one of the most widely read writers on sustainable business and a globally-recognised expert on megatrends and how to build companies that thrive by serving people and the planet. 

Andrew passionately believes that profits and sustainability are not mutually exclusive and that the majority of a company’s value lies in its intangible aspects, such as brand value and customer loyalty. 

In this episode, Andrew emphasises the need to think beyond traditional business models and consider the broader societal and environmental impacts of operations. He also discusses the B Corp certification and Benefit Corporations, encouraging small to medium-sized enterprises to explore these avenues for demonstrating their commitment to environmental and social responsibility. Andrew also addresses the perception of sustainability practices in Asian companies and dispels myths surrounding China’s efforts in renewable energy.

Download and listen to learn more.

All Else Equal: Making Better Decisions

Stanford GSB finance professor Jonathan Berk and Jules van Binsbergen of The Wharton School talk with prominent business leaders about common flaws in the decision-making process and what to do about them.

To Help Your Team Grow, Give Them Space to Struggle

We all know how important it is to delegate — both to help employees grow and to create a more collaborative, empowered, productive team. How can you get better at this key leadership skill?  First, shift from a doer to a leader mindset. Second, embrace the discomfort of the learning process. Third, identify low-stakes tasks that are less risky to delegate. Finally, be curious and facilitative instead of prescriptive.

Three Lessons From Chatting About Strategy With ChatGPT

The authors asked a realistic question of strategy to ChatGPT, followed by a lengthy back-and-forth to refine the initial responses. The intention was to understand how the tool can support ideation, experimentation, evaluation, and the building of stories — and where it falls down.

Is Your Employee Recognition Really Authentic?

“Employees perceive recognition to be authentic when it feels meaningful, heartfelt, and honest; when they see it tied to rewards, opportunities, or organizational priorities; and when they know it is earned, targeted, or selective.”

Net Positive by Paul Polman and Andrew Winston

The ex-Unilever CEO, who increased his shareholders’ returns by 300% while ensuring the company ranked #1 in the world for sustainability for eleven years running, has, for the first time, revealed how to do it. Teaming up with Andrew Winston, one of the world’s most authoritative voices on corporate sustainability, Paul Polman shows business leaders how to take on humanity’s greatest and most urgent challenges—climate change and inequality—and build a thriving business as a result. In this candid and straight-talking handbook, Polman and Winston reveal the secrets of Unilever’s success and pull back the curtain on some of the world’s most powerful c-suites. Net Positive boldly argues that the companies of the future will profit by fixing the world’s problems, not creating them.


Join Now: Scaling Up Master Business Course

The first European cohort of the highly acclaimed Scaling Up Master Business Course by Verne Harnish starts 5th September. 

Bring your team with you to this 3-months intensive program, and leave with the confidence and clarity to deliver rapid and sustainable growth. 

 You will have the dedicated and expert support of three highly experienced Scaling Up coaches, Dominic Monkhouse, Karol Popa and Philip Rose. 


Quote of the week

“Learn continually – there’s always ‘one more thing’ to learn.”

Steve Jobs

Dominic Monkhouse

Dominic offers business coaching and management development, strategy planning and organisational change, using tried and tested methods to launch your organisation onto an unparalleled growth trajectory. His programme is a function of his broad experience, his deep expertise and a proven process used by over 2,700 firms worldwide.

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Sign up today and get your copy of F**K PLAN B: How to scale your technology business faster and achieve Plan A, the book that will change your business and your life.

    Receive Dominic Monkhouse’s expertise in your inbox every week

    Sign up today and get your copy of F**K PLAN B: How to scale your technology business faster and achieve Plan A, the book that will change your business and your life.

        Discovery Call | Business Growth Strategy Session

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