New Zealand businesses are facing the toughest environment in more than a decade. Productivity growth has slowed to a crawl — just 0.2% a year over the past ten years compared with 1.4% in the two decades before that. At the same time, competition is sharper, costs are rising, and customers are more selective.
One of the biggest frustrations I hear from business owners and directors is this: ‘We’ve got a strategy, but nothing seems to change.’ That’s because strategy on paper doesn’t drive performance. Execution does. And for many SMBs, the real value of governance isn’t just agreeing the strategy ,it’s ensuring the whole business actually follows through.
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