Z-Corp completes 3rd module of ELDP

MUSCAT: On August 7, the Zubair Corporation (Z-Corp) conducted the closing ceremony of another successfully completed module of its Executive Leadership Development Programme (ELDP).

The module focused on ‘ Balanced Scorecard and Setting KPIs’, the third out of eight modules of the ELDP, a programme that is one of its kind in Oman, and was certified by the European Institute For Strategy Execution.

The ELDP is an initiative aimed at developing the future layer of management for the Z-Corp Group. It consists of eight modules, delivered over a period of 2 years, covering a broad aspect of leadership subjects including, strategy, innovation, leadership, risk management and corporate social responsibility.

The ELDP was designed inhouse by the Zubair Corporate HR and delivered in partnership with ShiftIN Partners; an internationally recognised consulting and training firm specialised in Strategy Execution and Innovation, with a strong focus on capability building.

The ceremony started with a welcome and congratulatory message from C. S. Badrinath, the Group CEO, who expressed his pleasure on the progress of the ELDP programme and applauded the participants on successfully completing three modules to date, into the programme.

Following this, a keynote presented by Professor German Alfonso, who spoke to the talents via web conference from Sao Paulo – Brazil. The expert, who has worked closely with Kaplan & Norton for over 10 years across the world, highlighted the importance of ‘having the right KPIs’ in order to drive the high-performance organisation.

“Having the right KPIs is important, but also it is important the process how you achieve buyin from the organisation,” said Alfonso, who has advised global renowned organisation such as the European Development Bank and Harvard University on how to execute their strategies.

During this module, the participants learned about the principles of the Balanced Scorecard and the strategy execution practice. They acquired the understanding on how to build and implement individual KPIs. The module walked them through the principle of the BSC, from how to define key performance indicators, to the importance of linking individual performance with organisational performance. After the successful completion of the 3 days training course, the participants had to develop and submit a balanced scorecard for their individual departments. The talents declared during the ceremony that they have already put in practice such performance framework.

After the key note, Carlos Guevara, the partner at ShiftIN Partners, the consulting firm selected by Z-Corp to project manages the ELDP. Guevara gave the audience a brief overview of the module as well as a presentation over the ‘State of Strategy Execution (SOSE)’ Middle East Edition.

“This is the first research of its kind to focus only on GCC countries,” said Guevara who also highlighted that one of the main conclusions of the research is that strategies fail to deliver result, not because of lack of planning, but due to poor execution.

At the end of the ceremony, all talents received their certificates from the hands of Badrinath and Mohamed Al Hasani – chief communications officer of the group. “Performance management is important in our organization and I’m very proud to see the progress made by the Zubair Team throughout this module,” said Badrinath.

The ceremony finished with a group picture of all the participants together with the management team.