Do leaders need to develop a few new muscles to manage and lead in today’s changing environment?
We all realize that the world has changed a lot from the industrial era to the technology era and now to the post COVID era. Pace of change keeps increasing than ever before. Given the new context, there are a new set of skills and capabilities or new muscles as I refer to them, that Leaders need to develop and practice to succeed and lead effectively.
While COVID-19 crisis has expedited this transformation beyond imagination, there are several factors which are compelling this change, namely digitization, artificial intelligence, climate change, aggregation of services through apps, different business models e.g., moving from product alone to product, system and services, reduction in product differentiation and reduced innovation time to market. The global pandemic has accelerated long-standing trends, bringing the nature and characteristics of the future successful enterprise into finer resolution.
Muscle # 1 :...