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I was able to meet with a broad spectrum of CEOs who are building both competitive and compassionate organisations. Competitive organisations sustain success by doing what customers need and want in ways that competitors cannot readily copy. These wise executives are building a strong foundation of financial, strategic, and operational platforms onto which they create organisations that flourish to respond to changing business conditions. These leaders are committed to investing in talent by ensuring competent and committed employees, in leadership by preparing successors, and in organisation cultures by creating great places to work.
When this commitment to competitiveness comes with a sense of personal compassion, individuals who work in these organisations are much more productive and experience greater personal well-being. In some specific companies, the results are startling as these companies are growing both financial and social results. Most impressive is that these successful companies are turning customer expectations into employee commitments. They are discovering what targeted customers want and need; and they are making sure that employees throughout their organisation anticipate and meet those needs. Quiet acts of customer service become loud statements of sustained success.
Q: You met many of our business leaders in many settings. Your thoughts?
A: I was able to meet again with some remarkable individuals. Organisations don’t think; people do. The people I met in my visit to Sri Lanka were thoughtful. Some are writing books; others are discovering innovative solutions to problems; and most are committed to learning and improving. Those I met are gracious. An indicator of an effective leader is that someone leaves the leader’s presence feeling better about
themselves. I left my meetings with those I met feeling better not only about myself, but also about my hopes for the country.
A leader asked me, “How do you measure organisation effectiveness and progress?” Sometimes we can find analytical tools to track how we are doing through surveys, statistics, and facts. At other times, we can observe, sense, and feel that progress is being made. In Sri Lanka, I experience both. The econometric data validates the observational positive mood with those I met. Organisations like CIMA are making wise investments in the social and leadership infrastructure of the country, of companies, and of individuals.
Q: You had a meeting with Central Bank Governor Ajith Nivard Cabraal. Any outcomes?
A: It was a delight to meet with Governor Cabraal and share ideas about Sri Lanka’s economic development and also how other countries in the region are responding to some of the talent challenges within their countries. As we discussed, this is a time of great opportunity as Sri Lanka’s economy has been stabilised and has become more productive in recent years. Looking forward, we discussed future economic challenges and how to create opportunities for labour to become more productive and also the role the public service should play in that journey.
"Organisations don’t think; people do. The people I met in my visit to Sri Lanka were thoughtful. Some are writing books; others are discovering innovative solutions to problems; and most are committed to learning and improving. Those I met are gracious. An indicator of an effective leader is that someone leaves the leader’s presence feeling better about themselves. I left my meetings with those I met feeling better not only about myself, but also about my hopes for the country
Sri Lanka leaders need to prepare their country for the present as well as for the future generations; it must define its economic future and create human capital that can accomplish that future. Singapore has done this so well. There is so much to learn from them"
Q: For our labour to become more and more productive, we would need to improve the delivery of knowledge and also to successfully move our young people from education to employment. In your view, what talent interventions would work well and how can these interventions be scaled up for maximum impact?
A: Firstly, employment starts by being explicit about the types of employment opportunities that would be most beneficial for the country and generally should reflect the mood of the economy as shown in the table. With the stage(s) of economic development identified, government policy may then encourage both education and employment in those targeted industries.
Secondly, the talent interventions in my view would include:
a. Government subsidising (through direct grants, tax abatements, or investments) targeted industries to encourage their growth.
b. Government learning about key success factors in targeted industry groups through best practice studies or industry forums.
c. Sponsored education with student scholarship, faculty research grants, and degrees focused on targeted industries. Student scholarships may include education opportunities in the world’s top academic institutions to gain insight about the targeted area.
d. Government co-sponsored education to employment transitions, e.g., government paying a portion of one to three years of salary for targeted industries for qualified employees
e. Government and industry co sponsoring training initiatives where employees may attend consortia or focused events to acquire skills to participate in targeted industry
Q: The other challenge we have as a country is reforming the school-system and the higher education system to meet the needs of the economy. How should we address that?
A: As noted above, higher education becomes more effective when focused on targeted industries. Higher education success is often tied to investments in both physical facilities (campus, technology, infrastructure) and faculty resources. In many ways physical education investments are easier, requiring money and space. Acquiring faculty resources becomes more difficult, but higher qualified faculty are key to higher qualified students. Increasing faculty quality may come from alliances with top universities in other countries and/or from sponsoring faculty to gain credibility and reputation through research.
However, broader school system reform is more complex, difficult, and prolonged. It requires investing in education through