Future Requires a Different Leadership Approach Raj Kumar Paramanathan | June 1, 2018 The increasing pace of digitisation and technological innovation affect businesses around the globe. Disruption is always around the corner. In such a rapidly changing business environment, leadership transformation is essential. During the recent IRC EMEA Regional Meeting in Amsterdam all participants agreed that leadership needs to adapt to the changing circumstances. Be agile Digitisation and technological innovation irreversibly change the way business is done. In the digital age, the pace of innovation increases every year, with no signs of it slowing down any time soon. This acceleration impacts businesses in various ways. Many innovations, such as robotization, blockchain, artificial intelligence, machine learning or the internet-of-things are potentially disruptive. Proven and tested business models can become obsolete in a matter of years or even months. The very idea of a fixed business model has come into question. Changes in the business environment are no longer sporadic, volatility is ‘the new normal’. As a consequence, decision-making processes need to be fast, short and inclusive. This requires agile leadership, underpinned by a culture of continuous feedback. But be aware that agility is a fraught term. At the heart of any agile innovation, the model is a breakdown of the 1/7 www.irc-institute.com
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Future Requires a DifferentLeadership ApproachRaj Kumar Paramanathan | June 1, 2018
The increasing pace of digitisation and technological
innovation affect businesses around the globe.
Disruption is always around the corner. In such a
rapidly changing business environment, leadership
transformation is essential. During the recent IRC
EMEA Regional Meeting in Amsterdam all participants
agreed that leadership needs to adapt to the
changing circumstances.
Be agile
Digitisation and technological innovation irreversibly change the way
business is done. In the digital age, the pace of innovation increases every
year, with no signs of it slowing down any time soon. This acceleration
impacts businesses in various ways. Many innovations, such as robotization,
blockchain, artificial intelligence, machine learning or the internet-of-things
are potentially disruptive.
Proven and tested business models can become obsolete in a matter of years
or even months. The very idea of a fixed business model has come into
question.
Changes in the business environment are no longer sporadic, volatility is
‘the new normal’. As a consequence, decision-making processes need to be
fast, short and inclusive. This requires agile leadership, underpinned by a
culture of continuous feedback. But be aware that agility is a fraught term.
At the heart of any agile innovation, the model is a breakdown of the