Overcome old mindsets, learn new skills

February 18, 2019

purpose-driven leadership

DDI’s Global Leadership Forecast (GLF) found that organizations with a well-defined purpose outperform others by a whopping 42 percent. Purpose is an aspirational reason for employees. Getting purpose right has long-term financial impact in terms of better profitability. It helps build a better, stronger, resilient workforce who is agile to adapt to the changing external environment and ensure that organizational purpose is realized irrespective of the disruptions. As much as 84 percent C-suite executives felt that purpose is the true North Star—a fixed point to help navigate through change and uncertainty. This does not mean that having a purpose statement is enough. Organizations need active leadership support to not only communicate the purpose but also inspire and motivate the workforce in the right direction. Leaders need to walk the talk and use the purpose lens in everything that they do.

digital-era leadership

It does not matter if you are ready or not, digital competence is already differentiating the winners from the losers. Organizations with digital-savvy leaders—the pioneers—are outperforming those with less digital-savvy leaders—the laggards—by 50 percent. As our workplace increasingly gets digital, the performance gap will only grow. DDI’s research shows that modern-day organizations will have to focus on 16 competencies in the digital space that can be clustered into five domains—drive, navigate, connect, relate, and think.

So what should organizations do to develop themselves on these two  differentiated leadership trends?

01 rethink the Success ProfileSM organizations need to rethink the new age competencies, skills, and knowledge that their leaders should possess. They also need to revisit their rewards and recognition programs connected to the
new behaviors.

02 start identifying critical leadership roles – we need leaders who will not just manage large teams but will lead them from the front. They need to not just understand the organization purpose but also define their personal ‘why’ to excite and inspire their teams. They need to identify the pioneers who can lead the digital transformation journey.

03 develop digital accelerator leadership-immersion program – to build strong technical and leadership capabilities, organizations need to create accelerated immersion programs to amplify their learning. This is not the equivalent of offering digital training content.