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IoD Midlands Spring

Institute of Directors, business magazine, director development, business news

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Keep up to date at www.iod.com/westmids and at www.iod.com/east-midlands<br />

Welcome<br />

Covid has been wake-up call to<br />

look after the things that matter<br />

Gary Headland<br />

Chair, <strong>IoD</strong> East <strong>Midlands</strong><br />

I hope you are all safe, and well.<br />

My introduction for this issue of our <strong>IoD</strong><br />

regional magazine focuses on two<br />

important issues which are high priorities<br />

for me in my own business, both of which<br />

relate to safety.<br />

Our People<br />

First is the safety of our people: I am<br />

really concerned about the impact the<br />

past 12-18 months has had on them.<br />

My primary role is a people business.<br />

With around 1,200 staff, we deliver<br />

education to approximately 18,000 students<br />

each year, based in three countries on three<br />

continents. Combined, that is a lot of<br />

people, all of whom have felt the impact of<br />

Covid (and to a lesser extent, Brexit) in a<br />

range of different ways. Our operating<br />

model has been turned upside down and<br />

while aspects of our culture have<br />

strengthened during the crisis, many of<br />

our customs and working practices,<br />

systems and routines have effectively<br />

become void.<br />

My concern about people relates to<br />

assumptions I hear being made across<br />

many businesses about what ‘the right<br />

thing to do is’, with very bold statements<br />

about what people want or how people<br />

have fared: “People are happier working<br />

from home”; “people are more productive<br />

working remotely”. With some fairly<br />

gentle scratching of the surface, many (but<br />

by no means all) people really mean when<br />

they ask what the right thing to do is, is<br />

‘what the business needs’ – ie, a financially<br />

driven decision – but they are rationalising<br />

their thinking as a result of a data bias,<br />

more on which below.<br />

The current financial year for my own<br />

business has been very hard but I am<br />

resisting the urge to make urgent<br />

operational decisions that involve people<br />

until we have a better understanding<br />

about the genuine impact the past 12-18<br />

months has had on the health, wellbeing<br />

and productivity of our workforce.<br />

As a young military officer in the early<br />

‘90s, the OODA loop (Source: USAF Col<br />

John Boyd; see above) formed part of my<br />

leadership training and it has stayed with<br />

me throughout my professional working<br />

life.<br />

In my experience, crisis management<br />

can sometimes cause us to take shortcuts.<br />

This can mean that we observe and then<br />

use our knowledge, experience and<br />

intuition to decide without proper<br />

orientation (analysis). Those preferring a<br />

dynamic, seat-of-their-pants approach<br />

might think we can’t afford ‘paralysis by<br />

analysis’: we need to make decisions now.<br />

To a point I agree but equally I have<br />

never felt that expediency is an excuse for<br />

poor judgement.<br />

The danger with our knowledge,<br />

experience and intuition is the risk of data<br />

biases: eg, confirmation bias, framing bias,<br />

over-confidence bias, availability bias and<br />

short-termism.<br />

Human beings are not predictable in<br />

the way that machines and systems are.<br />

In the rush to make decisions, I feel<br />

strongly that we as company directors<br />

need to make the OODA loop work as fast<br />

as possible, not to move rashly from<br />

‘observe’ to ‘decide’.<br />

Our Information and Systems<br />

My second concern is the safety of our<br />

information and systems.<br />

Unfortunately, I have first-hand<br />

experience of a major cyber attack in the<br />

past six months. The attack was made<br />

with military precision in terms of<br />

reconnaissance, intelligence and<br />

execution. The disruption was immense<br />

and cost of recovery significant, despite<br />

having excellent insurance in place.<br />

These despicable attackers are highly<br />

organised and capable and could not give<br />

a fig about our worthy purpose and civic<br />

contribution. Many other education<br />

establishments and businesses have been<br />

attacked very recently. It is on the rise!<br />

We felt that we were well prepared, we<br />

had a cyber security mindset,<br />

accreditation, as well as two recent audit<br />

inspections providing a clean bill of health<br />

– yet even so, we were a victim.<br />

Our attack took place close to midnight<br />

“The attack was made with military<br />

precision in terms of<br />

reconnaisance, intelligence and<br />

execution... the disruption was<br />

immense and costly...”<br />

04<br />

www.iod.com/emidlandsevents

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