I saw my in-laws recently and once again, I had a conversation with my father-in-law about how baffling new technology is to him and how he wants nothing to do with it. Why? Complexity. There are too many options, too many things coming at you at one time and it changes too rapidly.
More and more the core of leadership is about the ability to understand and integrate complexity. Let’s look at the world of work today:
- Economic uncertainty persists. We are slowly moving out of recession but it’s still not clear how this economy is going to grow.
- Breakneck technological advances. Facebook. Twitter. Ipad. Need I say more.
- Generational diversity. Four generations in the workplace with each bringing their own values and constructs about work, its place in our lives, and how it should be done.
- Multiple work options. Full time. Part time. Contractors. Temporary. Virtual. Many working side by side under very different job arrangements.
- We compete and collaborate globally. Our global economies are intertwined. Populations in India and China are becoming more educated and wage equity is expected by the middle of this century.
What do leaders need to succeed in the complex world of work?
In this complexity, a leader needs to see the way forward for their organization and create an environment that leverages the opportunities brought by complexity. As you develop future leaders, consider what our research points to as the five key abilities for successful future senior leaders.
- The ability to foresee societal, political and industry trends. It’s not enough to know your industry or your business anymore. Competition and innovation can come from anywhere. The future leader needs to be a lifelong learner and insatiably curious about what is coming from a wide variety of sectors.
- The ability to think strategically. The future leader needs to be able to integrate this information and ideas to create strategies that will lay a foundation for growth.
- The ability to create and communicate a compelling vision and strategy. Compelling is the key word here. Future leaders will need to engage a more diverse and dispersed workforce than ever before.
- The ability to manage talent. Ideas, innovation, great products and great service will come from the talent in the organization. It is your competitive advantage. It needs to be identified, developed and built just like any other key asset you have.
- The ability to create a culture of accountability. People want to be associated with excellence. They want to know that strong performance is viewed differently than just punching the clock.