- Leadership Development
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When the 1st Industrial Revolution occurred, leadership and governance of business enterprises were conceived as work authorization structures, delegation of work, and observation/judgment of outcomes. For many managers, this paradigm of delegation, monitoring, evaluation, and correction/reinforcement still serves as their leadership and governance mantra. As Peter Drucker revealed in his many publications, this way of managing and leading may not be efficient, but it is effective when the need for a company’s products and services is constant and work outcomes easily assessed.
However in the 4th Industrial Revolution, these historical assumptions about marketplace dynamics are no longer true. 21st century global markets are dynamic, risk-laden, complex, ambiguous and extremely competitive. Business enterprise leadership and governance now must focus on creating and sustaining a proactive learning organization. A successful 21st century organization must engage all stakeholders (customers, regulators, suppliers, etc.) in creating value, achieving satisfaction and pursuing excellence faster than the competition. Possessing the organizational capacity to efficiently learn, adapt, and shape marketplace demand has become just as important as product and service quality and pricing. 4th Industrial Revolution businesses must efficiently and routinely learn, adapt and change with customers. Organizations designed solely to maintain the status quo and be a reliable product and service provider become irrelevant in today’s fast paced, technology driven global marketplace.
This change in competitive requirements has created a leadership and management paradigm shift. No longer are managers expected to be experts and performance judges. They are now expected to be inspirational, systems thinkers that use shared accountability and process discipline to empower and govern for the common good. In the 21st century, marketplace success and sustainability are achieved as everyone learns, grows, and maximizes potential for the benefit of all.