BERLIN, GERMANY – JUNE 24: Queen Elizabeth II at the State Dinner on June 24, 2015 in Berlin … [+]
For over 70 years, Queen Elizabeth has been a leader in Britain and a member of the British royal family, one of the most successful brands in the world. During her record reign, she adhered to her long-standing traditions while carefully modernizing over the decades. Her queen kept her own emotions in check and spoke positively in her public appearances about her other leaders she met. To the royal family and the British public, she was the “face of the franchise”.
Considering the British royal family as a multi-million dollar, family-owned business that influences trade, travel and other aspects of the British economy, Queen Elizabeth really was a CEO like no other. There are many lessons business owners can learn from her life.
Recognizing the Importance of a Global Perspective
By 1952, Queen Elizabeth understood the importance and benefits of having a global perspective. She traveled the world on behalf of the Commonwealth of Nations during her 70 years, visiting countries in Europe, Africa, Asia, the Americas and the Pacific. She enjoyed experiencing different cultures, and her travels were often diplomatic efforts aimed at bridging disagreements and de-escalating tensions. Most of them were considered successful.
CNN reported that the monarch has traveled to 60% of the world’s 196 countries. Algeria, Australia, Bahrain, Belgium, Brazil, Canada, China, Ethiopia, Fiji, Finland, France, Germany, Iceland, India, Indonesia, Ireland, Italy, Japan, Jordan, Kenya, Mexico, Morocco, Nigeria, Russia, Saudi Arabia , South Korea, Scotland, Spain, Sudan, Sweden, Thailand, Tunisia, Turkey, Uganda, USA, Vatican City, Zambia. The Telegraph estimates that Elizabeth traveled 1,032,513 miles during her reign.
Stay positive in times of adversity
One of Queen Elizabeth’s most memorable quotes is relatively recent. In April 2020, at the height of her COVID pandemic, she addressed the country in her fifth special telecast during her 70-year reign.
“I know these are increasingly difficult times. A time of turmoil has come to life in our country: it has brought grief to some and economic hardship to many. , the chaos that has brought so much change to the daily lives of all of us…
We may still have to endure, but we must console ourselves that better days will return. we are with family again. See you again.
The then 93-year-old monarch acknowledged the hardships faced by the people, thanked frontline medical workers and expressed pride in the people’s “self-discipline” and “quiet and good-humored determination”, saying brighter days await. I emphasized that there is
“We have faced difficulties before, but this time it will be different…By using scientific advances and instinctive compassion to heal, we will succeed. It belongs to each and every one of us.There may still be things we have to endure, but we must take comfort in the fact that better days will return.We are together with our families again.See you soon. Let’s go.”
Great leaders try to motivate others. Queen Elizabeth did just that as a young woman during World War II, and much later in her life, during her COVID pandemic.
make a succession plan
After all, for the family business, the royal family, succession planning is already in place and has been for years. In fact, among the challenges of small business succession planning are the founders’ own shortcomings.
“Founders may be very good at one aspect of the business (creativity/product creation, etc.), but they may not be the best leaders of the business as a whole, but they can ‘give up’ leadership. You can’t,” said managing partner and co-founder Mary Kier. -Leader of the Global Consumer Practice at ZRG, a global talent advisory firm.
According to Kier, family-run businesses often worry that no one will manage the business the way current and previous generations do. They may also fear that non-family successors will be too lenient or insist on replacing traditional employees. wait until he is already past his prime to find a successor. In such cases, the leader may not keep up with current trends and the business begins to decline.
Therefore, Kier says companies need to start thinking about succession planning, not just for the CEO, but for every member of the executive leadership team. Also, sooner or later you need to start the next level of mentoring. In addition, the family business must be ready to move forward boldly, with new people at the helm. Ultimately, company leaders need to be open to hearing new ideas and concepts that drive their business forward, and don’t be surprised that the best ideas can come from non-traditional sources. .
“Be open to whatever is in front of you, and your business will not only survive, but thrive,” says Kier. “And always remember the ‘why’ behind the whole why the family business started in the first place. ”
Advance
Now the royal family must plot its way forward without Queen Elizabeth, who has been chief executive of the family business for over 70 years.
“The Queen was undoubtedly one of the greatest leaders in the world,” she said. Very softly put! She has led prime ministers and presidents.In many ways she was decades ahead of her time.”
Successionists in a thriving business need to plan for the inevitability that individuals will eventually have to be replaced if the company is to survive and thrive.
Of course, most small businesses don’t have the enormous financial resources of the British royal family and often have to secure capital, but there are still many business lessons to be learned from the late British monarch.
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