Emerging Leadership Trends Flashcards
Intro
Our old “normal” has been disrupted, giving rise to new digital companies, strategies, and careers, creating a “new normal” that offers more opportunities for disruption.
What are the leadership trends? (7)
1 - New Knowledge and Skills Requirements
2 - Increased Expectations to Deliver Results Faster
3 - Planning for Economic Volatility/Instability
4 - Building Trust
5 -Increase Adaptivity (Both Personally and Professionally)
6 - Greater System Optimization
7 - Freedom to Work How and Where You Want
What is the 1st Trend (New Knowledge and Skills Requirements)?
The Covid-19 pandemic has necessitated businesses to adopt remote work, necessitating regular skill updates and knowledge acquisition for both leaders and employees to stay competitive and productive.
What is the 2nd Trend (Increased Expectations to Deliver Results Faster)?
Adapting To Rapid Change.
The pandemic has heightened business demands, necessitating efficient time, talent, and energy management. Companies must minimize wasted time, implement changes, maintain productivity, and set speed expectations for success.
What is the 3rd Trend (Planning for Economic Instability)?
Organizations need to anticipate and plan for economic instability caused by events like Covid-19.
Failure to predict and address it can disrupt progress and amplify underlying issues.
To prepare for economic instability;
- Assess its impact on your business.
- Determine necessary actions.
- Identify new opportunities.
- Take time to prepare for additional challenges.
What is the 4th Trend (Building Trust)?
Trust is essential for organizational success, especially during times of crisis.
Building trust within the workforce through;
- Clear values
- Transparent decision-making
(Crucial for maintaining employee engagement)
To demonstrate values and build trust, consider;
- How values influence actions.
- Power distribution within an org.
- How to build trust and explore - additional strategies.
What is the 5th Trend (Increase Adaptivity (Both Personally and Professionally)?
To thrive in rapidly changing circumstances, adapt to changes both at work and home. Many top performers have left orgs due to Covid-19 pressures.
To keep your team on board, focus on;
- Employee engagement
- Inspiration
Research shows that engaged employees are 45% more productive than satisfied ones, and inspired employees are 55% more productive.
Adobe launched a weekly video series called ‘Take Five’, to keep team members updated on public health and business updates, and implemented an extra day off each month to recharge. To increase adaptivity, leaders should identify challenges faced by their teams, work together to address them, and connect with their tribe.
What is the 6th Trend (Greater System Optimization)?
Companies are prioritizing workforce health and social justice, resulting in a 5% to 8% productivity growth in the last 12 months.
This trend - Boosting productivity in top companies.
To understand it - Consider how processes & systems are evolving and if your org is designed to thrive in the evolving ecosystem.
What is the 7th Trend (Freedom to Work How and Where You Want)?
Remote work has become a prominent trend, offering opportunities for accessing talent and engaging virtually.
Remote work, despite its benefits, requires orgs to balance flexibility with privacy concerns to maintain a healthy work-life balance, considering the trade-offs between access to talent and social bonds.
