As a leader, it is up to you to ensure that your businesses is open for change and puts innovation at the forefront. How comfortable is your business with updating what you do and how you do it? If you are aiming to meet evolving strategic goals, then you're heading in the right direction.
The creator of the Business Model Canvas, Alexander Osterwalder, shares how to create an ecosystem for innovation:
In addition to elevating their leadership, leaders must update systems, processes and cultural beliefs that underpin their organizations. As your business evolves and disruption, leaders need to elevate the quality of their leadership. The challenges businesses face are adaptive: leaders need to change themselves and their organizations. We are facing problems that we can’t solve with our current thinking.
Anders Indset is one of the world’s leading business philosophers offering a new perspective on the “art of thinking.“ He bridges the philosophy of the past with the technology and science of tomorrow, he shows how leaders can cope with the 21st century.
Business leaders must become more effective at leveraging digital tools. The lines between the physical, digital and biological worlds are becoming more blurred. Many businesses have started using some form of robotic process automation (RPA), or artificial intelligence.
Digital transformation is a trillion-dollar industry, but 70% of all digital transformations fail. The most successful organizations will break the code on implementing these tools effectively and efficiently.
Rana El Kalouiby is a computer scientist on a mission to humanize technology with emotion AI. She is CEO and co-founder of Affectiva, an MIT Media Lab spin-off. Named on Fortune’s 40 Under 40 and Forbes America’s Top 50 Women in Tech.
Rana leads the world's largest emotion data database. So far, they've collected 12 billion emotion data points from 2.9 million face videos from volunteers in 75 countries.
Business leaders must continue to monitor trends and seek ways to use them to their advantage. The question for businesses and their leaders is how to monitor these trends and create an advantage.
An important tool is the strategic planning process, which looks different now than it did in the past. This process provides structure as you consider current and potential disruptions. It allows leaders to clearly envision the future and develop a business strategy that will turn disruption into business advantage.
As the pace of change accelerates, people are often overloaded with work. The people who make change possible hit a point of diminishing performance that impacts their ability to deliver. Employers must provide work environments that maximize employee performance.
One important factor is creating an environment that ensures employees connect the work they do to their values. Even better, when possible, create opportunities for employees who don’t routinely interact with clients/customers to interact and see their impact. Employees also need to own their personal resilience. They can build resilience by ensuring they are taking care of their physical health, engaging in a mindfulness practice that allows them to observe and manage their thinking and building healthy connections inside and outside of work.
Interested in reading more about leadership trends? We interviewed one of the world's most sought-after thought leaders in digital society: Check out the full interview here.
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Text: Sonal Mishra, Rosanna Bueler Mount, Cecilie Reppen,
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