Tool 1.14 Capability review process for the next generation
The content in tool 1.14 is adapted from Pinion Advisory templates.
The purpose of this process is to review the skills, knowledge and capability of the next generation looking to step up their management skills. If developed with a supportive mentor (parent, employer or manager), then this process will define the actions needed to boost the next generation’s management ability and ensure a smooth transition between generations.
Score each item out of five; with five as the highest and one the lowest. Identify where they need to be in one-, three- and five-years’ time. There are seven sections:
- Operations/enterprise
- Financial
- Business management
- People management
- Compliance
- Environment
- Personal attributes and people skills
A few examples have been provided in the template below, and you can download a copy so you can add items relevant to your business.
Use this review to develop an agreed action plan. Consider the mentoring or training that you will undertake.
Review this annually to celebrate success and improvement and develop a new or revised action plan.
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Score out of 5 (1 = low 5 = high) |
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Where I will be in: |
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Capability |
Now |
1 year |
3 years |
5 years |
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1. Operations/enterprise |
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Record keeping (chemicals, livestock movements) |
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Develop the production plans for all enterprises |
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2. Financial |
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Budgeting including managing actual versus budget |
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Understand financial reports |
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3. Business management |
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Develop five-year plans/strategic plans |
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Business cases; assess opportunities both internally and externally for the business and present them appropriately |
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4. People management |
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Communicate regularly and effectively in the team |
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Understand payroll, FairWork and the Pastoral Award |
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5. Compliance |
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Maintain a safe working environment |
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Identify and manage risks; risk register |
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6. Environment |
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Manage pests (invasive weeds and animals) |
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Manage chemical applications and hazards |
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7. Personal attributes |
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Reaction to stress |
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Time management and planning |
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