NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
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Transcript of NewcastleGateshead Initiative Business Leaders' Briefing 21 April 2016
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WELCOMEBusiness Leaders’
Briefing
21 April
2016
@NGinitiative
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SARAH STEWARTChief Executive,
NewcastleGateshead
Initiative
@NGinitiative
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@NGinitiative
JULIE MILNEChief Curator of Art Galleries,
Tyne & Wear Archives
& Museums
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SARAH STEWARTChief Executive,
NewcastleGateshead
Initiative
@NGinitiative
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Welcome to new partners
@NGinitiative
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Agenda
• Skill shortages and hard-to-recruit talent
- Therese Liddle, Chief Executive, NRG.
• Entrepreneurial leadership
- Michele Rusk, Enterprise Fellow, Newcastle Business School.
- Joanne James, Head of Corporate & Executive Development.
• Non-executive directors are not just for PLCs
- Peter Neal, Head of Strategic Talent, UNW.
- Jude Browne, Non-Executive Director.
@NGinitiative
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The
NewcastleGateshead
Initiative mission
@NGinitiative
To inspire
people to visit,
and to live, learn,
work and invest in
and around
NewcastleGateshead
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@NGinitiative
THERESE LIDDLEChief Executive,
NRG
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@NGinitiative
MICHELE RUSKand
JOANNE JAMESNewcastle
Business
School
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Entrepreneurial LeadershipNewcastle Business School Northumbria University
Joanne James - Head of Corporate & Executive Development
Michele Rusk - Enterprise Fellow
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Economic ContextStrategy for the North East
• 100k jobs by 2024
• High skilled and higher paid private sector jobs
• 60% of jobs created in next 10 years: 6k per annum(More and Better Jobs A Strategic Economic Plan for the North East, 2014)
Targeting
New Economy
– Design, Digital, Media, Telecoms, Software, Heritage, & Culture(North East Independent Economic Review Report, 2013.)
Santander Enterprise Index
Places North East 12th out of 12 UK regions in the 2014.
- Citing lack of Entrepreneurial Aspiration
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AspirationNew Economy
Entrepreneurial Leadership
For
Game Changing Innovations
Built on Traditional Strengths
Our Job
Pilot, test, accelerate and disseminate new approaches
stimulating
Innovative Business Development
Digital Led, Invention Led & Design Led Businesses
Fit for Tomorrow
.
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Spirit of Our Time
.
All Leaders Have to be Entrepreneurial
It’s an uncertain, risky, resource-constrained world
Today we are facing
• rapidly shifting economic forces
• prolific technology
• demographic fluctuation and social change
Complex Problems need Innovative Multifaceted Solutions
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What’s the Difference
Energetic Passion for
Vision, Change, Creation
It’s a different way of
LEADING, MANAGING and even THINKING
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Entrepreneurial Leadership
Essential ingredients include:
seeing things differently
taking calculated risks
formulating future focused innovation teams
creative resourcefulness
building solid business propositions
The vision to recognise opportunity where others
see
chaos, contradiction, and confusion.
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Creativity
Innovation
Leadership
Entrepreneurship
Labels
‘Design is theAnimating Principle of all Creative Processes’ Vasari
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Thinking
Vision
Ambition
Leadership
Direction
Empowerment
Doing
Creativity
Strategic Design
Innovation
Entrepreneurial Development
Co
mm
un
ity
Cu
lture
Zeitgeist
Communications
Divergence
Convergence
Synthesis
Effectuating
Entrepreneurial Leadership
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Where Entrepreneurial leadership is Practiced
New Business Start ups
Civic Society
Big Business
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Challenge
Who are the
Entrepreneurial Leaders
To Lead us
To Tomorrow ?
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Making sense of our role
• What does entrepreneurial leadership mean to you?
• Revisit the labels: Which words apply to you?
• What is the relevance of entrepreneurial mind-set in my
organisation?
• How ready are we to take on the challenge?
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Change begins with you
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Leadership starts on the inside
Self efficacy
Self esteem
Self concept
Self awareness
Values, motives, beliefs,
personal mental models.
How do I see my role as
a leader? Purpose.
How confident do I feel in my own
skin? Imposter syndrome
The belief that I can succeed
in this role in this context
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Creating a culture for change
What do you want to create?
• Thinking differently
• Taking risks
• Language and labels
• Assumptions
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Business Focussed, research informed
We have a pivotal role in partnering with you to face the challenges
of the future
We can help with
Creative young minds: on a placement, business clinic.
Forums for sharing challenges ideas and best practice
Facilitated session
Executive coaching
Bespoke work force development
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Joanne James
Head of Corporate and Executive Development
Newcastle Business School
Northumbria University
0191 227 3054
Expertise on your Doorstep
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@NGinitiative
PETER NEALand
JUDE BROWNEUNW
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“Non-Executive Directors
are not just for PLCs”
NGI Presentation – 21st April 2016
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Peter Neal
18 years introducing people to people and helping create value
and wealth. Leading UNW Strategic Talent advisory service.
http://www.lnkdin.me/p/peterneal
Introduction
Jude Browne
A high growth business expert, working with organisations of all
shapes and sizes, helping them meet the challenges of their
ambitions to grow.
https://uk.linkedin.com/in/judebrowne
Objectives for today’s presentation
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• About UNW and UNW Strategic Talent
• What is a NED?
• Business boosting benefits for NEDs for SMEs
• Boardroom Reflections – Jude Browne
• When and how to appoint a NED
• The Experience Bank
Agenda
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UNW LLP & UNW Strategic Talent
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UNW LLP & UNW Strategic Talent
Audit &
AssuranceTaxation
Corporate
Finance
Accounting
Services
Strategic
Talent
UNW Strategic Talent
UNW LLP
Building backable boards Financial recruitment specialists
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Good governance and the role of NEDs in SMEs
The essence of
good governance
Boardroom behaviours
Clear line of sight
Good
interpersonal
skills
Definition
of a good
NED
Sound
judgement
Influence
Integrity
Strategic
Helicopter
view
Commercially
aware
Conviction
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Business boosting benefits of NEDs for SMEs
Challenging the MD
& Exec Team
“You don’t know what
you don’t know”(Alastair Waite)
Providing knowledge,
insight & experience
Raising standards
of governance
Advising on
strategy
Acting as a
sounding board
Mentoring
Challenging
business plans Access to
finance
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JUDE BROWNE
Boardroom Reflections
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When & how to appoint an NED
When?
• New markets or products…
• Contacts in key markets…
• Expanding employee base…
• Access to funding…
• Pension / Savings plans…
• Consultants / Mentors…
How?
• Timing & role criteria
• Existing strengths & weakness
Person specification
& briefing document
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When & how to appoint an NED
Candidate Sourcing &
Selection
• Agencies / Contacts /
Advertising
• Shortlist interview
• Due diligence (by candidate)
Terms of Engagement
• Remuneration
• Contract
Preferred candidate
Negotiation
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• Several years in development
• Stakeholder support
• Purpose
• Not for profit enterprise
• Funding & host
• Impact report
• Research opportunities
• Summer 2016...
THE EXPERIENCE BANK
THE EXPERIENCE BANK
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More detailed discussions
Thank you to Jude Browne
UNW Strategic Talent
“Building Backable Boards”
Thank you
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SARAH STEWARTChief Executive,
NewcastleGateshead
Initiative
@NGinitiative
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Panel discussion / Q&A
@NGinitiative
• Therese Liddle
Chief Executive, NRG.
• Michele Rusk
Enterprise Fellow, Newcastle Business School.
• Joanne James
Head of Corporate and Executive Development, Newcastle Business School.
• Peter Neal
Head of Strategic Talent, UNW.
• Jude Browne
Non-Executive Director.
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Thank you
@NGinitiative
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Partner meetings 2016
@NGinitiative
Partner Update Meetings
Thursday 9 June, 08:30-10:30, Newcastle Racecourse
Thursday 3 November, 08:30-10:30, University of Sunderland
Business Leaders’ Briefing
Thursday 6 October, 08:30-10:30, Centre for Life
Annual General Meeting
Thursday 1 December, 16:00-19:00, venue TBC
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THANK YOU
@NGinitiative