Publications
MEDIA RELEASE: Right Lane becomes first Australian management consulting firm to become foundation owned and controlled and appoints new CEO
Melbourne-based management consulting firm Right Lane Consulting has appointed Chiara Lawry as its new CEO, while at the same time becoming the first privately owned Australian management consulting firm, and possibly the first for-profit company in Australia, to restructure into a foundation owned and controlled company.
Remote yet accountable: How to create a culture of accountability while working remotely
We explore the necessary conditions for a culture of accountability and how to foster these conditions when working remotely by focusing on two factors: the right cadence and using the right digital tools.
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New year, new challenges: Ideas to inspire action
At Right Lane, most of our work centres on helping our clients develop and implement better strategies. Because it’s so central to our practice, we try to stay on top of every development in the academic literature and practitioner discourse. We reflect regularly on our project learnings, and we endeavour to harness our own ideas and advance knowledge in the field.
This collection ‘New year, new challenges. Ideas to inspire action’ includes some of our best thinking with regard to resource allocation, team effectiveness, strategy implementation, and getting full value from strategy workshop outcomes.
Cash crunch! Industry funds may need to raise fees or reduce costs
Account consolidation and legislative changes are placing pressure on funds’ fee models, putting their business models at risk.
At a system level, funds are experiencing an increasing gap between total expenses and total fees due to a decline in total member accounts. In the past five years, total expenses grew by 6% CAGR, while the total number of member accounts declined by 2% CAGR, total revenues declined by 1% CAGR. This issue is likely to be exacerbated by a fundamentally more expensive business model required to meet members, regulators and other stakeholders’ expectations and to compete with more aggressive rivals.
Inside Super 2 (UPDATE) – Direct-to-consumer: remaining relevant in the future of super distribution
In November we shared with you insights on remaining relevant in the new super distribution landscape. Our analysis showed that an increase in switching activity was largely benefiting two industry funds, who have seen record cash inflows mostly at the expense of the retail funds that came under intense scrutiny during the Royal Commission. Since then new APRA data shows that these two funds continue to win the vast majority of ‘switching FUM’ as demonstrated by net roll-ins excluding successor funds transfers (SFTs).
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Right Lane Review – Commit to taking action
In this edition of the Right Lane Review we are asking you to commit to taking action. Sometimes it feels like we expend all our energy in the thinking and planning, and that the doing falls flat. It takes real commitment to see things through and it is often what is lacking in organisations. This edition focuses on action – frameworks and tools to help you commit to your course of action and see it through to success.
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Strategy Execution: The great ‘business bake-off’
In our experience helping hundreds of organisations with strategy development and execution, we have found that those that adhere to six critical steps (Frame, Align, Cascade, Task, Oversee and Review) avoid the common strategy execution pitfalls. To truly excel at strategy execution however, organisations must go beyond this basic recipe and discover their own ‘Ex-FACTOR’.
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Helping hands promote successful change
The evidence shows that change management efforts frequently go awry. We’ve found that using a mnemonic, the HANDS of change – Hardwiring, Ability, Narrative, Desire and Support – can help our project teams to address what’s required for success. This article explores a case study to show how the helping HANDS of change function in practice.
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Three practices of agile resource allocators
Allocating resources in a more flexible way is a persistent challenge for clients. We consider three practices of agile resource allocators that enable organisations to allocate resources where they are needed, when they are needed.
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After the event: How to get full value from your strategy workshop outcomes
Hard though it is, choreographing a great strategy workshop, with meaningful, compelling outcomes is only half the battle. The other half is doing something with them – committing to a series of interrelated next steps and getting them done. While it’s not hard to justify the dollar investment in your strategy workshop, it is important to get full value from the workshop outcomes.
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Stakeholder engagement: Developing successful business cases for not for profit projects
In recent years, we’ve witnessed an elevation of expectations when it comes to developing business cases for government or not for profits. Business cases require evidence and a coalition of support. At Right Lane, we believe robust stakeholder engagement is the key to getting your project off the ground and for more fruitful collaboration once it is underway.
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