5. Key BusinessTrends
The frugal consumer
The mighty Millennial – 75 million strong ( 4 out of 5 sleep with or next to their cell phone)
Clean and Green
Bricks and Mortar vs. E-commerce
The shift of economic power from NewYork
The shrinkingTalent Pool
Internal communication - Alignment
Working laterally across geographies, organization vs. hierarchy
Regulation, governance and multi interdependent teams
Change and innovation vs. predictability, efficiency and reliability
Growth and cost cutting
Technology
8. What is change?
Change (Definition fromWebster's NewWorld Dictionary)
transitive verb
changed, changing to put or take (a thing) in place of
something else; substitute for, replace with, or transfer to
another of a similar kind: to change one's clothes, to
change jobs
to cause to become different; alter; transform; convert:
success changed him
to undergo a variation of: leaves change color
11. Transformational Change
Definition
A shift in the business culture of an organization resulting
from a change in the underlying strategy and processes
that the organization has used in the past. A
transformational change is designed to be organization-
wide and is enacted over a period of time.
http://www.businessdictionary.com/definition/transformatio
nal-change.html#ixzz3cZuZbygJ
13. The difference…
Reactive vs. Proactive
Response to problem vs. interpretative assessment of trends
Fix vs. being prepared and ready for a future state
Scenario Planning
Pre-emptive vs. Forced
Designed vs. Ad-hoc
Innovate vs. Restructure
Multi-faceted, inter-related vs. Singular silver bullet
14. Transformational Change
Transformational change is holistic, systems approach
Multi-disciplinary
Transformational change involves breakthroughs
Albert Einstein said that “problems cannot be solved by the same level of thinking that created them.”
Transformation is about “Being the Change”
Transformational change accentuates the positive
Transformational change balances control with letting go
Transformational change relies on collaboration
Transformational change engages the heart
Transformational change happens at all levels
Sustained and continuously improved on
Pro-active
16. Resilience
"At the heart of resilience is a belief in oneself—yet also a
belief in something larger than oneself.
Resilient people do not let adversity define them.They
find resilience by moving towards a goal beyond
themselves, transcending pain and grief by perceiving bad
times as a temporary state of affairs… It's possible to
strengthen your inner self and your belief in yourself, to
define yourself as capable and competent. It's possible to
fortify your psyche. It's possible to develop a sense of
mastery."
17. Traits of Resilient Leaders
They know their boundaries
They keep good company - positivity
They cultivate self-awareness
They practice acceptance – no judgement
They’re willing to sit in silence – mindfulness, listening
They don’t have to have all the answers
They have a menu of self-care habits
They enlist their team
They consider the possibilities, the art of the possible
They get out of their head – frenzy to focused
19. The six tensions of leading through
change
I.
Catalyze change
Champion an initiative or a significant change, consistently promote it, and encourage others
to get on board.
vs.
Cope with transition
Recognize and address the personal and emotional aspects of change.
II.
Show a sense of urgency
Demonstrate the need to take action; accelerate the pace of change.
vs.
Demonstrate realistic patience
Know when and how to slow the pace so that people can cope and adapt.
III.
Be tough
Make difficult decisions without hesitation or second-guessing.
vs.
Be empathetic
Take others’ perspectives into account; understand the impact of your actions and decisions.
20. The six tensions of leading
through change
IV.
Show optimism
See the positive side of any challenge; convey that optimism to others.
vs.
Be realistic and open
Speak candidly about the situation, and don’t shy away from difficulties; admit
personal mistakes.
V.
Be self-reliant
Be confident in your ability to handle new challenges.
vs.
Trust others
Be open to others’ input and support; allow them to do their part.
VI.
Capitalize on strengths
Know your personal and organizational strengths; confidently apply them to new
situations and circumstances.
vs.
Go against the grain
Show willingness to learn and try new things–even when the process is difficult or
painful
23. In summary
Transformational Leadership starts from within
Influence through a strong level of self awareness
Strong understanding of the external context
Constant learning process
Positive and realistic
Systemic thinking
The world of “AND”
The paradox of Leadership
Move into the future on the assumption that it will be the same as the past.
The Global Brain – 2020 – 30 billion devices – deep learning, multi layered information, augmented reality – IRL
Weconomics – 60% growth of crowdfunding in 2012 – collection of funds from a large group of people – usually over the internet – share in the start ups
Betterness – Mindfulness, storytelling, local sourcing. Social repsonsbility, radical openess
Cloud Health – changing healthcare – self diagnisis, - monitoring and preventation – healthcare systems – disruption – apps
Strategic big data – marketing – real time sentiments – twitter, shopping, marketing
Global citizens – Mobile global workforce – 1.19 billion in 2013 – no boundaries, diversity, new cultures, seamless
Mobile education - social media MBA, code builders – tech -$70 billion
Enoughism – stuff to mindfull
