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Insights Into Excellence |
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Forsyth Consulting Group is a strategic development consultancy. The purpose of this publication is to share and integrate the insights into sustaining excellence that we discover through our work. |
| Insights (June:03) |
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Sustainable Excellence: Corporate Purpose - Leading Players Medtronic was founded in 1949 with two employees working out of a garage and earned $8 in its first month as a medical equipment technology company. In 2003 its annual revenue reached US$7.665 billion with 29,000 employees. Its Mission Statement, based around Earl Bakken's original philosophy (of alleviating pain, restoring health and extending life) has remained unchanged since 1960, when Medtronic was manufacturing the world's first implantable pacemakers. Having always led the way in medical technology research in its field, the history of this company shows how a combination of purpose, profit, philanthropy and humanity creates sustainable growth. Explore more: http://www.medtronic.com/newsroom/glance.html
- overview Play
of the Day: Local League - Bendigo Bank Bendigo Bank was formed in the Victorian goldfields in 1858 as a building society, using community savings to provide this tent-land goldfields town with its first buildings. Now with assets and deposits of more than $10 billion, its community banking initiative has become a core part of its banking business, returning to where it all began 145 years ago. Last week Bendigo Bank opened its 100th community bank branch in five years and the community banking business topped $3 billion. Providing services to rural communities is apparently far from sub-economic. 30,000 customers are now shareholders in their own local bank. The secret - "We believe in feeding into communities, rather than feeding off communities" - by using an integrated sustainability approach (that we just can't do justice to here). Someone had to do it. Read more at: http://www.bendigobank.com.au/public/ - look at the Shareholders section and Chairman's address http://www.communitybank.com.au/ - check out the Sustainability section for the rationale
Reflections in Excellence The latest article is now available on-line. To go to our Reflections site just click Here.
To go to this particular article just click Here. To get links to our future articles as they are published, just join the FCG Leaders in Excellence Network. Join now . Forsyth Announcements Dr Rick Ladyshewsky is presenting a paper co-written with William Varey at the Sydney University, School of Psychology, first Evidenced Based Coaching Conference next week. This research paper looks at 43 case studies and applies them to a coaching model designed to work in organisations to develop managerial competency. The TO-COACH Model that came out of this research now forms a part of FCG's Leadership Excellence Program. If you are comfortable reading things that use terminology such as 'metacognition' and the like, a pdf copy of the abstract and details of the conference are both available at http://www.psych.usyd.edu.au/psychcoach/ConfAgnda.pdf
Book of the Month
What We Learned in the Rainforest: Business Lessons From Nature Tachi Kiuchi (the Chairman of Mitsubishi Electric America) and Bill Shireman (a leading environmental advocate) have got together and analyzed innovation, growth, profit and sustainability in 20 of the world's top companies. They use the metaphor of an experience in the Costa Rican Rainforest to illustrate seven principles about sustainable business systems. They look at feedback loops, dynamic equilibrium, interdependence and then learn that 'control and harvest' is not as efficient as when we 'co-generate and enhance'. Effort -v- Easy; you choose. Read more here Satire (just for a laugh) Motivation: Click Mediocrity: Click
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Thank you for taking the time to read this edition. We hope it has been informative and worthwhile. If you know of someone who may be interested in these issues, please send this e-mail on - and perhaps recommend they join the Leaders in Excellence Network using the members form at our website www.fcg.com.au. If you have something of interest to contribute, please emailus@fcg.com.au and share your knowledge. To unsubscribe at anytime just send an e-mail to unsubscribe@fcg.com.au. Forsyth Consulting Group makes no comment and expresses no opinion in relation to any of the policies, operations, securities or future prospects of the organisations mentioned in this publication. The specific examples identified do not provide an indication of the total activities of the organisations profiled and may not be current. Any content in this publication and its use is made subject to the legal notices set out in the Forsyth Consulting Group website (www.fcg.com.au/notes.shtml) For further information on any of the items mentioned, or our contact details, just emailus@fcg.com.au.
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