In the final session of our week-long leadership session (in association with IBM), Adrian Fawcett, CEO of the General Healthcare Group, talks about why a healthcare business is particularly tricky to run during the recession. Formerly the CEO of Punch Taverns, Fawcett has seen revenue increase by 20% since he joined GHG, with company earnings increasing by over a third. Fawcett’s leadership pointers include:
- During a recession, leaders need to balance communicating the need for efficiency with the need for quality to their employees
- A capable team means there’s a wider debate on how to make things easier
- Most savings are made at the lowest levels – so give the people at those levels the opportunity to make important decisions
- Make sure your employees know where the organisation as a whole is going, so different departments can integrate
- Make sure you know your organisation’s financial parameters, so your decisions don’t expose your company to risk.
MT's Leadership Visions is a week of interviews with top business leaders, in association with IBM. In order to get your own copy of IBM's Global CEO Study, a wide-ranging survey of leadership opinions across the world, and to see interviews with Howard Tollit, Kantar's Eric Salama, restaurateur Mark Derry, Barbara Stocking and GHG's Adrian Fawcett, register online at leadership.managementtoday.com.
In today's bulletin:
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Insider trading rises as FSA bosses receive record bonus
MT Leadership Visions: Adrian Fawcett, CEO of General Healthcare Group
Enter Michael O'Leary's mind and win his new book
Tax freedom day - and start-ups suffer from ageism