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Leading in a VUCA environment ICAN on Air 300822
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Considine 2011-12 BLB10089-3. Text: Exploring (Corporate) Strategy, 2008 or 2011, © Pearson Education Ltd
The new normal Wednesday, 2 March 2011
Have you noticed? New technology New economics ✓ online impacts everything - rapid paradigm changes✓ global online services industry ✓ more regulation✓ lower growth ✓ technology enabled new work modalities✓ democratisation of media ✓ savvy consumers ✓ zeroing transaction costs✓ low cost competitors ✓ rapid innovation and obsolescence ✓ BRIC taking lead New environment New social ✓ climate change✓ emissions legislation ✓ fluid families ✓ ageing population✓ suspicion of politics✓ suspicion of big biz✓ more conservatism✓ anti-globalisation✓ social justice ✓ degradation of soil, air, water✓ cost of energy ✓ new forms of energy ✓ protectionism
Assumptionsare key ...but the environmentkeeps changing
Leadership is ….. Management is ….. Setting the bar…then…Raising The bar Ensuring the bar is cleared…
What Do Managers and Leaders Do? Lessons • In a stable, high-competition environment, good management is paramount • In a dynamic, uncertain environment, leadership is key
“As you Believe, So Shall You Lead” • Awareness Possibilities Choice • Beliefs can either Open up – or Close down Possibilities • History provides irrefutable examples…
MANAGING ORGANISATIONS IN A VUCAWORLD VOLATILITY Change dynamics are increasingly rapid UNCERTAINTY Present events are extremely unpredictable COMPLEXITY Decision factors are multiple and correlated AMBIGUITY Causal relationships are completely unclear
MANAGING ORGANISATIONS IN A VUCAWORLD VISION Identity of purpose Trust to collaborate Alignment of attention UNDERSTANDING Curiosity to learn Empathy to listen Openness to explore CLARITY Ability to simplify Systems thinking skill Harnessing of intuition AGILITY Readiness to adapt Capacity to innovate Willingness to empower
Which Leadership Tip are you going to do more of, first? Clarifying boundaries Foresight-Horizon Scanning The team is unit of delivery VUCA Leadership Tips Different decision making Environment Agility Adapting Tell & share stories
Adaptive Thinking Goal-setting Peak Performance skills Stress Management Attention Control Visualization and Imagery
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