Tech-Driven Solutions
In today’s increasingly digitised and interconnected world, boundaries are blurred, collaborations are more fluid and the pressure on businesses and organisations to be agile is immense. Digital transformation is affecting every aspect of business from how we communicate, do our work or lead our teams.
Current times are forcing leaders to redefine what leadership is about. It’s time for organisations to think of new ways of connecting, collaborating and to embrace technology in every component of their business. According to statistics, new leaders fail in as high as 50% within the first 18 months, basically because they lack the necessary skills and support.
This blog looks at the core qualities, styles, and skills relevant to success in the digital world. We explain why it is essential in management, its characteristics, and the influence on organisational culture.
Do you know ? the concept of Leadership 4.0 has emerged as a response to the fourth industrial revolution? It stresses the importance of agility, networked thinking, and emotional intelligence as it shifts the focus away from traditional hierarchical structures.
As defined by the ability to influence and guide individuals or groups toward the achievement of common goals. However, been broadly referred to in this digital age as a means of successfully playing with the potential offered by technology while engaging in kinds of innovations that help adapt to shifting demands. The hierarchical models have found a replacement in more collaborative and agile frameworks.
(Source:Muse)
“Work takes on new meaning when you feel you are pointed in the right direction.”–Tim Cooknment.
Effective management in the current digital age requires strong vision. The leaders themselves thrust their respective organisations into digital transformations and make sure that all teams are skilled up and equipped to flourish. In the Deloitte survey, 57% of CEOs were planning to use new technologies in pursuit of new growth opportunities. No wonder this call to action for leaders to become more active in embracing digital transformation.
(Source: vantagecircle)
DO YOU KNOW? According to Gartner, 91 percent of business organisations are engaged in some sort of digital initiative, while 87 percent of senior business leaders stated that digitalization is their priority. 89% of all companies have already adopted or plan a digital-first strategy for business.
The phrase “From Vision to Action” encapsulates the journey leaders must undertake to translate strategic goals into tangible outcomes.
To develop leaders for the digital era a new set of knowledge, skills and abilities are needed. In this paper we will discuss the competencies required and how organisations can foster future leaders.
Organisations need leaders who understand the impact digital technology can have on their business. Leaders should be able to foresee possibilities to incorporate and extract value from technology in work. They should pioneer digital transformation in all areas of business.
(Source: Stevenson)
DO YOU KNOW? According to a Right Management study, 91 percent of HR hiring managers responded that adaptability ranked as an important factor in their hiring decisions.
It is the acceptance that change is constant and changing our mind is quite natural and acceptable. Ability to adapt is critical in a complex changing environment. Leaders need to be quick learners and change their minds in the face of emerging information. At the organisation level adaptability means being able to innovate and react to opportunities and challenges. Adaptability helps leaders respond to fluid environments and change course if technology and market environments evolve in unanticipated ways.
It implies having a clear sense of long-term direction, even in the face of short-term uncertainty. Leaders must have a clear vision for the future of their organisation, setting course and moving in that direction even if there is ambiguity in execution. Vision becomes even more important during disruptions and when opportunities are emerging. Leaders need vision to motivate and inspire, whilst at the same time adapting rapidly to current, contextual business situations.
leaders listen, interact and communicate with internal and external stakeholders combined with a strong sense of interest and curiosity in emerging trends. Leaders in the digital era need to be always engaged, whether with customers, partners, suppliers or team members. They must break down silos and get people to work together to solve problems.
In the digital era organisations need a new breed of leaders and revamp their internal management programs to build new leaders that have interdisciplinary skills, with an understanding of different business functions, industries and technologies.
(Source: Deloitte)
Emotional intelligence would rank as a critical element of stewardship in the digital age. Leaders with a high EI would be more intuitive and better attuned to how they feel and, importantly, to the feelings of their team members, thereby resulting in more meaningful relationships and better communication. With good emotional connection comes trust and coordination in organisations, which are the essentials to drive success nowadays in an increasingly changing world.
Here are some of the ways through which an organisation can create a new breed of digital leaders:
In the context of “Leadership in the Digital Era,” the research paper by (Hill, L. A., Le Cam, A., Menon, S., & Tedards, E. ,2020), Leading in the Digital Era: A Curated Collection of Research Articles from Harvard Business School Faculty, sets the stage for how governance is changing against the backdrop of digital change. The paper articulates key competencies and traits which leaders must develop if they are going to survive an increasingly complex and fast-moving environment.
In the digital world is a playing field of unprecedented opportunities and challenges that an organisation has to face. Amity Institute of Training & Development (AITD) has taken the lead under the emerging landscape, making it a leader in equipping leaders with the needs of modern times leadership skills and qualities.
The AITD emphasizes a comprehensive approach to effective leaders:
AITD centers content through workshops that create an opportunity to develop leadership skills through the application of practical actions and daily situations.
The result of connecting potential leaders with experienced executives also fosters development and allows them to learn valuable information related to leadership functions.
AITD includes modules on conflict management to assist leaders with strategies on constructive management of disputes.
Partnership with AITD gives leaders the power of cutting-edge training, resources, and support that navigate the challenges within the digital landscape and help lead their teams successfully.
According to a Deloitte report, 94% of its chief executives believe that developing leaders is the basis for organisational success. Such statistics make it important to invest in such management programs such as those offered by AITD.
With these unprecedented digital-era challenges, leading organisations more than ever rely on effective management . AITD is at the front of this change, offering programs tailored to enhance qualities, styles, and leadership skills .
Organisations can ensure they have the right leaders in place with their navigation of today’s business complexities when they invest in mentorship programs with AITD.