Are YOU Ready? (How Leadership Will Change in the Next 5 Years)

In BUSINESS, LEADERSHIP

“Your behavior reflects your actual purposes.” ― Ronald A. HeifetzThe Practice of Adaptive Leadership: Tools and Tactics for Changing Your Organization and the World

Every day brings news of another innovation. Technology, social media, and industry updates remind us of the speed of change. Embracing new trends and incorporating new knowledge are part of any healthy organization’s strategy. Leaders have always been the “change agents” of a company, helping staff navigate and accept the adaptations that mean continuing success. The difference now? To stay the same–or make tiny changes–is to fall behind.

How you behave now can influence outcomes in 2024.

As a responsible leader, you’ve probably already wondered how leadership itself will change in the next 5 years. Four sources give their perspectives on what leaders will need:

Price Waterhouse Cooper: Authenticity

This is an essential skill for the future.  PwC states, “Leaders need to create clarity—articulating a vision and painting a picture of the future. With so many changing variables, they must lead with confidence and have the courage to take a stand.” Change always brings resistance and anxiety, based on fear. Advice: Learn how to deal with confusion and then provide sound reasoning and a sense of purpose.

Forbes Magazine: Customization

Leaders won’t be huddling in a corner office to determine the company’s next product or service. Instead, clients and customers will drive decisions. With technology tracking purchases and information, interactions will become personal. (We already see this with companies, such as Amazon, that “understand” our shopping habits.) According to Forbes: “Leaders in this new marketplace will be those able to set up and manage systems of tools with which customers can interact and create. Great marketers will be replaced by great marketplace managers.” Advice: Get your website and database updated and ready to personalize every customer experience. Educate yourself on the facets of customization.

Entrepreneur: Common Culture

Successful leaders know about being adaptable, and that bringing this quality to the company culture is vital. What is culture? There are long, complicated definitions, but simply put, it’s “the way we do things around here.” Here’s what Entrepreneur says: “Everyone knows about the [company] culture. Everyone subscribes to the culture. Everyone recognizes both its passion and its nuance. The result looks more like a symphony orchestra than an advancing army.” Advice: Hire for staff who agree with your mission and vision. Begin to shape a shared company culture today, not in five years. Not even in five weeks.

Fast Company: Globalization

Out goes bureaucracy, in comes connectivity. Instant worldwide communication and partnerships require fluid leadership. People can work from anywhere, using cloud technology. Video conferences from your iWatch? Of course! Partnerships and clients will be without boundaries. Advice: Check your level of micro-management; if it’s there, work on letting go. Get up to speed on connectivity options. Hire people who are trustworthy.

Leadership always comes with challenges. The future will bring more, at lightning speed. Begin to prepare now, and you will be in good stead for whatever comes next. Remember: What you’re doing today was once considered to be an “innovation.”

Note : This article was originally published on LinkedIn

Rhett Power

Rhett Power is Best-Selling Author, Executive Coach, Columnist at Forbes, Inc. & Success. Rhett Power co-founded Wild Creations in 2007 and quickly built the startup toy company into the 2010 Fastest Growing Business in South Carolina. Wild Creations was named a Blue Ribbon Top 75 US Company by the US Chamber of Commerce and named as one of Inc. Magazine’s 500 Fastest Growing US Companies two years in a row. He and his team have won over 40 national awards for their innovative toys. He served in the US Peace Corps and is a graduate of the University of South Carolina. He now has a rapidly growing coaching and consulting practice based in Washington DC.

 

You may also read!

Augmented Reality Defined with Opportunities

Several years ago, I started using an augmented reality (AR) app for my smartphone whenever I ventured into the

Read More...

Embracing the Power of Blockchain Technology

During the digital transformation, we have witnessed traditional forms of physical media fall out of favor as users abandoned

Read More...

Solve Problems and Innovate as an Anticipatory Leader™

Anticipatory Leaders™ understand that we are at a unique point in human history, filled with waves of disruption and

Read More...

Mobile Sliding Menu

1Abc Directory