Business stalwart Norman Aquilina has taken to social media to express his thoughts on how to measure the success of a business. At times, companies tend to turn to their financial statements for such answers, however, according to Mr Aquilina, one needs to shift perspective.
“Measuring company success is not simply about financials,” he asserts. “Indeed, success starts with having the right workforce, ensuring they are recognised, appreciated and rewarded when delivering the desired results,” Mr Aquilina writes.
The Group Chief Executive wrote these comments in relation to #CauseforApplause employee awards night which took place on Friday 9th September. During this event Farsons celebrated their employees and presented various awards and recognitions in different fields, such as wellness and quality, among others.
In his post, Mr Aquilina goes on to explain how, when a company has its priorities in order, financial success will follow. He emphasizes the importance of having a motivated and engaged workforce by saying that “the correct chronological order for strong financial results starts from a highly motivated workforce.”
“The financial results remain a consequence and that is what distinguishes a truly successful company from the many,” he concludes.
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.
The company, set to launch soon, will seek to provide clients with ‘customer-centric and innovative’ financial services.
The Malta Stock Exchange recently joined other exchanges for the inaugural Ring the Bell for Climate initiative.
Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.