Sue Covelli-Buntley of UpSpiral Leadership interview Rosie Corvo. She is the UpSpiral Leadership team's general manager. But before that, Rosie has had an amazing career in finance for 30 years. She has served as the Head of Risk UKRB for Barclays Bank. Then she moved on to become the Chief Administrative Officer and Chief Marketing Officer at Early Warning Services. While there, she had a pivotal role in launching the fintech brand Zelle.

[00:38] Introducing Rosie Corvo

[02:29] Components of Strategic Planning

[07:21] Adapting to Rapid Fire Change

[14:28] Human Capital Investment Strategies

[23:46] Pause and Rise Above

[28:52] This Simple Leadership Exercise will Change your Business

[33:08] The Lightning Round

According to Rosie, strategic planning has three phases. You begin the process by thinking about the future of the business. How do you add value for your stakeholders? How do you stay relevant in the future? Once you’ve answered those questions, move on to capacity assessment. Evaluate whether the available resources are enough to fulfill your set goals. Finally, the last step is prioritization. With the finite resources, focus on specific tasks that will serve the growth of the business.

A strong strategic plan not only considers the business, but also the people. With the advent of digitization, globalization, ESG, and COVID-19, the environment is nothing like before.

Change is happening at a rapid fire pace, it’s crucial to equip employees with skills that can keep them and the business moving forward. It’s equally important to reduce turnover rate to avoid knowledge gaps within the organization.

Studies have shown that effective leadership training decreases turnover rate by almost 77%. People yearn for purposeful work. Knowing these facts, seize the opportunity to develop more leaders. Provide coaching or group coaching not just for executives, but for everyone. Coaching small teams can help deepen bonds and facilitate transfer of wisdom from different departments.

Another way is to create an unconventional learning structure. For example, you can do something as simple as pairing leadership development with an initiative. Form a small cohort of emerging leaders and ask them to list areas of improvement for the company. A simple project like that can benefit the business greatly by instilling a sense of camaraderie, confidence, and purpose.

For more information on becoming an excellent leader, visit the Upspiral Leadership Website, and remember to tune in to our next episode.