MANAGING in the

NEW WORLD

Leadership

Ten new companies have been added as lighthouses to the list after the meeting in Dalian in China, for the Annual Meeting of the New Champions. This project is jointly run by the World Economic Forum (WEF) and McKinsey, which of course is a global management consulting leader. The organizations identified as lighthouses are those that are driving the ongoing Fourth Industrial Revolution (4IR). These companies often have common work areas such as the collaboration between UPS and Fast Radius, already functional. The new lot in addition to those identified earlier, together are driving the paradigm shift in marketing. They need to ensure that they do not get sucked in to what is called the “Pilot Purgatory”, which is a situation of a pilot study from where 4IR firms cannot scale up.

Source:https://www.mckinsey.com/business-functions/operations/our-insights/operations-blog/lighting-the-way-new-leaders-in-the-fourth-industrial-revolution

Uploaded Date:29 August 2019

Tests are being run to understand whether there is any link between how a CEO communicates and the end result of company performance. Some researchers are using machine learning to gauge this correlation if any. It is important to establish the link because studies have confirmed how CEOs are in essence communicators, as they spend about eighty- five percent of their time speaking or communicating. Rich sources of visual data is now being processes using business analytics to come up with a definitive guide. The words spoken, the technique of delivering them and the non- verbal expressions have all been included for the study. Voice patterns are also being put to the test by the researchers from the Harvard Business School.

Source:https://hbswk.hbs.edu/item/machine-learning-can-help-us-understand-ceo-behavior?cid=spmailing-28653279-WK%20Newsletter%2008-21-2019%20(1)-August%2021,%202019

Uploaded Date:29 August 2019

Due to the changing discourse on leadership taking place worldwide, there is now a need for those that display constant curiosity. Companies require nurturing over a period of time. Curious leaders are them who are constantly on the lookout for game- changing innovations. Larry Fink, who was the Founder of Black Rock had a specific talent management strategy, where he wanted people close to himself, who would constantly seek to learn. Likewise, Alan Mulally who saved Ford from obscurity, had a penchant for identifying those curiosity- inducing behaviors. Specific management training programmes are held to develop such curious leaders. It has been proven that such curiosity can be developed, even if one is not born with the same trait.

Source:https://sloanreview.mit.edu/article/in-praise-of-the-incurably-curious-leader/

Uploaded Date:29 August 2019

In the age of multi- tasking and information overload that we are all presently a part of, anxiety levels’ increase has been a natural unintended by- product. To stem this, better leadership habits will need to be developed that will promote more in- depth thinking. Interestingly, this is not a new concept, as it was highlighted three decades back by Richard Saul Wurman in his book Information Anxiety. He spoke about the extent of data warehousing, and its often superfluity that has caused increasing apprehension and distraction among people. This angst has now naturally risen. Ways must be devised so that leaders may be able to work with seemingly contradictory ideas, and even combine them. One needs to also recognize that choices exist far more than what is usually thought of. The leadership future needs to have space for a counterintuitive thinking process.

Source:https://www.strategy-business.com/blog/Develop-better-leadership-habits-to-thrive-in-an-age-of-information-overload?gko=568c0

Uploaded Date:29 August 2019

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