Currently, many companies are going through a dramatic journey, as the market and its opportunities quickly change in character. It is all about being ready to meet disruption, especially before the competitors. As a leader, you should be able to foresee these drastic changes. But what does disruption exactly require from you as a leader?
Today, the walls of the corner office have fallen. Along with Millennials entering the labour market, technology has overtaken the exchange of knowledge and admiration has disappeared. This imposes new requirements to the manager including a significant change in leadership style.
Between now and 2050, the world’s population will increase from 7.2 billion today to 9.6 billion in 2050. This will require a 70% increase in food production, without additional land or natural resources to do so[Source: FAO, UN]. With finite resources, it will take innovation and use of new age technologies to meet the world’s food demand and serve the customers. This includes using new technologies.
Today, the most important and wanted employee group is the Millennials – also called generation Y. They are the best educated, most travelled, most digitized, most outgoing and the most ambitious generation ever. But also the hardest to attract and retain.
Today’s employees are busy and they know where they are heading. They have full speed on their ambitions, skills and self-confidence. It means that they can be difficult to lead – and as a manager, you must fight for their attention and convince them that the company’s strategic journey is important to them.
Disruption hits all industries, from free newspapers, car sharing and low-cost telecommunications. We all know examples from Airbnb and Apple, but disruption is not just something from Silicon Valley; it happens everywhere.
We keep chasing it. The success. Every day, every quarter and every year. We constantly want to see improvement and reach our goals. In business, success is essential. However, success has a downside. We become dazzled by it, and then we don’t understand the reason for the success. Therefore it is important to be more skeptical of the success than of the defeat.
In a time when work is borderless and demands on us keep increasing, stress lurks just around the corner. But the gradual transition between work and leisure also means that we need a clearer distinction between being busy and having stress.