Patrick and Tony at the Business Value Group International have published an Executive Level handbook with the title Business Worth Doing in response to the growing desire of executives to be more proficient at delivering sustained value creation in their businesses.
Studies reveal that only 12% of companies over $500 million in revenue deliver Sustained Value Creation. Businesses are also finding that up to 70% of employees are not actively engaged at work. Executives are facing real challenges for how to respond and run their businesses more effectively in today’s environment. There is a hunger for a new business systems approach, particularly in times of slow growth such as what is being experienced post the recent great recession of 2008.
In the handbook the authors present a value based stakeholder business system and explain the language and philosophy that is behind it. They briefly provide evidence that this system works in supporting the development of sustained value creating businesses. Within the book they provide encouragement on how to get it started as well as an outline methodology to follow. They are hoping that it provides enough support for leaders that want to re-commit to Business Worth Doing that delivers businesses that work for all.
Preface to Business Worth Doing
The world’s economies continue to struggle, with the exception of a few countries. The after-effects of the recent global recession of 2008 are still being felt. Concerns about the impact of greed, short- termism, and unsustainable business practices still persist. The stock markets have rebounded and corporate profits are high, but unemployment and the after effects of austerity lingers, with the middle class still appearing to be under threat in the western world. Terms such as income gap and restricted economic mobility are receiving increasing exposure. Productivity in traditional businesses may be leveraged to the max, and most easy cost reduction opportunities in old models are near exhaustion. With fast-moving and aggressive global competition, coupled with likely continued slow growth opportunities, executives face real challenges in choosing how to run their businesses. There’s a clear need, and maybe an appetite for a new business system approach. A system that helps leaders install a new way of building businesses that deliver long-term sustainable value and results that benefit all stakeholders. We present such a business system and explain the language and philosophy that is behind it. We briefly provide evidence that this system works. We also provide encouragement on how to get it started with an outline methodology to follow. We are hoping that it provides enough support for leaders that want to re-commit to Business Worth Doing that delivers businesses that works for all.
— Patrick Hehir and Tony Petrella