Tag: business transformations

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Speaking truth to leadership power: why toxic environments do not work, trust and a strong company culture drives business performance and growth

There is much debate and discussion about leadership styles, in particular, the styles recognized as the most important factor in determining workforce productivity and in establishing an organizational environment.

At IBEM we believe if people understand the bounds of their position they have full authority to make decisions within those guidelines. The wider those guidelines, the more accountability an employee has earned to make decisions and take action in the company’s best interests.

We believe in the power of leadership to make things happen. That power should be in the hands of everyone, not the few.

Leadership is a competency and a skill set rather than an inherited set of traits that high-performing organisations recognise and prepare their organisation accordingly. Organisations that have high levels of employee engagement enjoy high performance on every key performance indicator from employee turnover to return on investment and shareholder return. Creating an engaged environment is a culture, not a program and must be approached systemically not tactically.

In organisations that means building a common language of leadership at all levels to have an immediate and lasting impact on business results, not just knowledge, wisdom or behaviours.

Researchers have observed a significant shift in the approach organizational leaders need to take to communicate with their teams.

The would-be analyst of leadership usually studies popularity, power, showmanship or wisdom in long-range planning. But none of these qualities is the essence of leadership. Leadership is the accomplishment of a goal through the direction of human assistants a human and social achievement that stems from the leader’s understanding of his or her fellow workers and the relationship of their individual goals to the group’s aim.

To be successful, leaders must learn two basic lessons: People are complex, and people are different. Human beings respond not only to the traditional carrot and stick but also to ambition, patriotism, love of the good and the beautiful, boredom, self-doubt, and many other desires and emotions. One person may find satisfaction in solving intellectual problems but may never be given the opportunity to explore how that satisfaction can be applied to business. Another may need a friendly, admiring relationship and may be constantly frustrated by the failure of his superior to recognize and take advantage of that need.

Exercising power and being a leader is not about winning a popularity contest. A lot of leaders are generally and not necessarily nice people.

For decades, many businesses adhered to a rigid leadership style, one that was hierarchical, where managers gave orders, enforced inflexible policies, and didn’t welcome input from employees.

This type of command and control leadership took hold in the 1950s and ’60s, started by people who returned from World War II and stepped into business leadership.

“Command-and-control” is the phrase informally used to describe the status quo style of leadership that exists within modern organisations: organisations generally characterise command-and-control by the following:
• Centralised decision making
• Have a pyramid-like organisational structure, but they may also be flat (command-and-control is more a culture than a structure)
• Increasingly privatise information the higher you go
• Allow more autonomy the higher you go
• Take a top-down approach to virtually everything, especially strategic thinking
• Create a strong distinction between (senior) management and workers
• Increase salary, perks, and flexibility with seniority
• Have specialised internal departments such as Human Resources
• Standardise and coordinate the monitoring, measuring and motivating of employees
• Do not let anyone other than senior management set the rules
• See employees working to please their boss as a priority
• Do not have a culture that allows room for failure
• Police its employees’ movements

Leadership is not about control

However, this style of leadership is a relic of a bygone era of business and is no longer even used to the same extent by the military. Employees no longer want to work at organizations where they simply must do as they’re told, have no input on their role or the direction of the company, and must follow orders because they came from a superior.

Do you believe that being in charge means you are in control?

If you find yourself frustrated about losing power in situations, it’s because leadership is not about taking control; it’s about influence.

The best leaders know that their role is not to dictate, but to inspire and motivate others to act. When you surrender control, you invite people to discover their potential. You create a culture where your team looks to go above and beyond, not just do the minimum to meet your demand. You will draw out a culture of communication that fosters and encourages innovation.

However, if you fear that creativity and collaboration are a recipe for chaos, then you need to revisit why you chose to become a leader in the first place. Real leaders don’t take on leadership roles to be in control of people or command them; the best leaders know that leadership is a privilege. The most influential leaders in history didn’t achieve greatness with whips and force. The masses followed them because of their enormous influence.

Command and control may have worked in the past, but it’s on its way out and companies that don’t adjust quickly may find it very hard to recruit and retain talent. Not only does it damage employee morale, it also leads to inferior results. Here’s why:

Employee mobility.

Command and control leadership was often used extensively in companies where employees expected to spend their entire careers and be rewarded with a pension. Before the internet, employees didn’t have as many options to change jobs, and leaving a company in search of greener pastures was less common, as employees valued stability and tenure over flexibility.

This is not true anymore – workers are more comfortable exiting jobs, and more than half of employees are actively looking for a new job. Many workers are happy to join the gig economy and be their own boss. In response, innovative leaders have succeeded by changing their strategies to keep employees happy and willing to stay.

Today’s workers don’t need to tolerate command and control leadership. Employees who feel micromanaged or strictly scrutinized by their managers feel comfortable jumping ship and finding a new job where they have more autonomy, respect, and a sense of purpose and ownership.

Businesses must be integrated and innovative.

With the exception of very large industries such as aerospace and government contracting, it’s very hard to maintain a competitive advantage these days without being able to constantly adapt.

Command and control don’t just make employees unhappy- it also can hurt your team’s decision-making. The best leaders solicit multiple perspectives and know that differing opinions can improve a team’s ideas over time. Leaders who suppress dissenting voices often keep valuable ideas from surfacing.

Most leadership experts agree that allowing dissent and productive conflict is vital to decision-making. Legendary CEO and leadership expert Ray Dalio said, “The greatest tragedy of mankind comes from the inability of people to have thoughtful disagreement to find out what’s true.”

Command and control leadership’s greatest failure comes from exactly what Dalio critiques. Leaders who insist their teams follow their decisions without question are shutting off constructive feedback that could reshape an idea, pre-empt a poor decision, or even change an entire company for the better.

Employees should be empowered to make decisions.

Command and control leadership is by design inflexible. While that ensures all members of a team are dedicated to the same goal, it also limits employee autonomy. If employees have to get permission for every decision they make, decision-making will grind to a halt.

The fast pace of the modern business world requires employees to adjust course constantly to meet changing demands. The best businesses empower their employees to trust their own judgment, guided by their core values to make decisions independently based on the best information they have at the time.

Even the military, the foundation of modern command and control leadership, has recognized this – in an interview, American general Stanley McChrystal said he told his troops, “If and when we get on the ground the order we gave you is wrong, execute the order we should’ve given you.”

McChrystal, a decorated general, certainly was not encouraging insubordination or disrespect of superiors. But he recognized that it’s impossible for leaders to be correct in every case, and the best organizations empower employees to make judgment calls when it seems their instructions don’t fit the situation.

Command and control leadership doesn’t allow this flexibility – it requires adherence to rigid orders, and that can lead to massive mistakes.

We’re way past the time when leaders succeed by commanding their teams to follow their instructions and never deviate. Employees want to be respected at work, have the autonomy to make their own decisions, and work in an environment of psychological safety, where they can be candid with their managers. The companies where leaders foster that type of environment are winning the talent war.

A more flexible style of leadership is better for everyone in the long run. Engaged and dedicated employees are critical to exponential growth, and command and control leadership will only push away top talent. It’s time to adapt.

Toxic workplace cultures are everywhere in America. With one in five Americans having left a job in the past five years due to unhealthy work culture, and with 49% of employees having thought about leaving their current organization, it all adds up to a poisonous churn, according to a new report from the Society for Human Resource Management (SHRM) examining workplace culture and how it impacted the cost of doing business.

Toxic workplace culture costs businesses billions in employee turnover: $223 billion over the last five years. Some of those turnover costs can be broken down into employee overtime to fill in the gaps, costs for temporary employees, recruiting costs, hiring manager time, recruiter time, and advertising costs.

What does a toxic workplace culture look like? There are overt signs like discrimination by sex and by age, but the most common sign is a breakdown in communication.

Manager nightmare

Trust in leadership is at an all-time low, according to research by multiple sources. Yet, employees attribute them with a high amount of power. The vast majority – 76% – say that their leaders set the culture of their workplace.

Still, over a third (36%) of workers say their CEO and line manager doesn’t know how to lead a team

Leaders are the reason 60% of employees want to leave their organization.

Four in 10 workers say their management do not frequently engage them in honest conversations about work matters.

This divide to a lack of proper training and the inability of some leaders to bridge the gap between their previous role as an individual contributor and their current role as manager.

More importantly, many managers haven’t been trained to work with people.

About two-thirds of working Americans say they have worked in a toxic workplace, with 26% reporting they have worked in more than one. It’s an environment that seemingly drags a significant portion of a workplace’s workers down:

– A quarter dread going to work

– A quarter don’t feel safe or secure voicing their opinions on work-related matters

– A quarter don’t feel respected or valued on the job

This environment bleeds into their home life: nearly a third of Americans say their toxic workplace makes them feel stressed and irritable at home.

In fact, they’re so stressed about their work-life that many would rather play hooky: one in five calls in sick when they just can’t face work that day.

Of course, unhappy workers feigning sick costs money: at companies in the U.S., the cost of productivity loss due to unplanned absences costs approximately $431 billion per year. And up to $86 billion of this lost productivity can be attributed to employees calling in sick when they don’t feel like going to work.

How to build a strong workplace culture?

Organizations must define their purpose. As well as figure out what’s acceptable and unacceptable within their organization. I think organizations can have much clearer conversations about what they believe in. What is their purpose? And what are the behaviours and the principles that they hold absolutely dear as fundamental to the organization? And also create examples of, ‘here’s what we don’t value in the workplace and won’t accept’.

The organization’s leadership is responsible for building good workplace culture.

Culture is the environment that surrounds us all the time. A workplace culture is the shared values, belief systems, attitudes and the set of assumptions that people in a workplace share. This is shaped by individual upbringing, social and cultural context.

In a workplace, however, the leadership and the strategic organizational directions and management influence the workplace culture to a huge extent. A positive workplace culture improves teamwork, raises the morale, increases productivity and efficiency, and enhances retention of the workforce. Job satisfaction, collaboration, and work performance are all enhanced. And, most importantly, a positive workplace environment reduces stress in employees.

Research by Deloitte has shown that 94% of executives and 88% of employees believe a distinct corporate culture is important to a business’ success. Deloitte’s survey also found that 76% of these employees believed that a “clearly defined business strategy” helped create a positive culture.

A positive culture in the workplace is essential for fostering a sense of pride and ownership amongst the employees. When people take pride, they invest their future in the organization and work hard to create opportunities that will benefit the organization.

By identifying and rewarding those who are actively striving towards creating a positive work culture, and supporting others around them, companies can encourage others to do the same. Positive attitudes and behaviour in the workplace are the direct results of effective leadership and a positive management style.

Trust is at the foundation of healthy relationships. At its core, trust is the willingness of one party to be vulnerable to the actions of another. It is an expectation that two parties will act in a way that is mutually beneficial. For these reasons, trust is a key element of effective communication, teamwork, employee commitment and productivity. It leads to stronger working relationships and a healthier organizational culture.

Because of the inherent vulnerability involved in trusting relationships, it is widely understood that trust must be earned. This is true whether it is between two colleagues, a manager and employee, or even between an employee and the organization at large. In some instances, it can be hard to build and sustain because individuals may not be aware of the unintentional ways that they have broken trust with their colleagues.

Trust helps to make challenging conversations easier – this has been written in my new book “The Trust Paradigm”, teams more integrated and employees more engaged. Exploring ways in which trust can be built can help individuals and companies create stronger relationships and healthier cultures.

Final thought, placing people at the centre of your corporate culture effort will enable positive shift and unlock long-term value for the organization. Culture work typically follows a major company event commonly a shift in strategy, a new CEO, a merger or acquisition, digital or functional transformation, regulatory changes, increasing calls for inclusivity, or unethical behaviour events.

On the flip sid,e companies sometimes are forced to deal with narcissistic leaders whose behaviour can be relentless and ruthless. So is their legacy: it creates lasting organizational damage.

People embrace low integrity and individualism when both leaders and the company culture support those behaviours. Aligning culture across every level of the organization so that it enables your strategy is essential to moving with agility in a time of unprecedented change. As external pressure mounts, leaders should take action to create a blueprint for purpose and culture that delivers short- and long-term value for employees, customers and investors. Culture isn’t the soft stuff, it’s the real, human stuff. And it’s time we got that right for each other.

William Courtney Hamilton Prentice was formerly the president of Bryant and Stratton Business Institutes in Buffalo, New York, the president of Wheaton College in Norton, Massachusetts, and the dean of Swarthmore College in Swarthmore, Pennsylvania, who once said:

“Effective leaders take a personal interest in the long-term development of their employees, and they use tact and other social skills to encourage employees to achieve their best. It isn’t about being “nice” or “understanding” — it’s about tapping into individual motivations in the interest of furthering an organization wide goal.”

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Disruptive change is inevitable – Change is constant

Change is inevitable.

More and more organisations today face a dynamic and changing environment. The oft-heard rallying cry in today’s organisations is “Change or die.” Survival in today’s global economy requires organisations to be flexible and adapt readily to the ever-changing marketplace. Change has become the norm. It is as necessary for organisations to pay as much attention to the psychological and social aspects of change as they do to the technological aspects.

We live in an era of risk and instability. Globalisation, new technologies, and greater transparency have combined to upend the business environment and give many CEOs a deep sense of unease. Just look at the numbers. Since 1980 the volatility of business operating margins, largely static since the 1950s, has more than doubled, as has the size of the gap between winners (companies with high operating margins) and losers (those with low ones).

Change is the one true constant in business, especially when it comes to operating a business. Having defined processes in place to effectively manage change can help companies sustain success.

In today’s business environment, knowing how to successfully navigate these changes and develop appropriate and effective processes to properly manage such change is a must. It’s virtually impossible for organisations to make sound strategic decisions and completely accomplish objectives when deprived of strong change management strategies. This is especially true in the world of project, program and portfolio management, where obstacles and ambiguity are inevitable at every juncture.

Companies all over the world find that they have to continually make changes to the way they work in order to stay ahead of the game, be profitable, and be relevant. Oftentimes, the changes could be externally mandated, internally conceived, or both, but the reality is that companies do have to evolve, change, or die. The global landscape is changing: businesses are moving to take advantage of new markets; organisations are restructuring to operate better, given the current market dynamic; competition is causing companies to radically change the way they do business.

The old business is not coming back – this is not just a statistic, it is a fact.

Companies operate in an increasingly complex world: Business environments are more diverse, dynamic, and interconnected than ever – and far less predictable. A study I read recently suggests that 75% of the S&P 500 will turn over in the next 15 years.

Many businesses that “have done things the same way for years” are affected by disruptive change: the economy changes, the competition changes, products change, technology changes, customers change, employees change, vendors change, buying methods change, delivery methods change.

Disruptive change is coming, and the only question is whether companies are going to cause it or fall victim to it. Disruption is not easy, to create or to confront it.

Businesses need to grow continuously in one way or another to achieve and maintain success. Growth comes by making positive changes that promote growth and by responding correctly to external changes.

Organisations throughout the world and across the global markets also recognise the need to embrace ‘nimbleness’ and ‘agility’ if they are to survive in the long run. The ever-changing landscape, globalisation, global dynamics, make it inevitable that companies have to evolve fast, repeatedly, and in a continuously improving manner in order to comply with regulations, collaborate with customers, and stay ahead of competition.

Whilst awareness of the challenges associated with change is prevalent, there is also compelling evidence of the long-term benefit of being great at driving organisational change. Therefore, it is expedient to look at some of the reasons why change is difficult, so that we can deliberately tackle the reasons for change complexity.

Sustaining success depends on an organisation’s ability to adapt

Why can some companies take advantage of any change the market brings, while others struggle with market-necessitated modification? The reasons why will differ for each organisation, but the question is definitely worth asking especially in light of the fact that the pace of change is accelerating at the fastest rate in recorded history.

Most companies find it hard to transform themselves in difficult circumstances. Corporate transformation under pressure.

Leadership needs to have a mindset that although change ability (agility, resilience) is essential for the survival and growth of many companies, there needs to be a concerted effort to build capacity to lead change effectively, and to purposefully build a change friendly culture in a systemic manner. This means that change leadership or sponsorship becomes a leadership competency that is recruited for and developed in leaders in the same way that it is done for other competencies such as decision-making.
Companies most likely to be successful in making change work to their advantage are the ones that no longer view change as a discrete event to be managed, but as a constant opportunity to evolve the business.

Change readiness is the new change management: change readiness is the ability to continuously initiate and respond to change in ways that create advantage, minimise risk, and sustain performance.

Organisations, and the people within them, must constantly re-invent themselves to remain competitive. Sustaining success depends on an organization’s ability to adapt to a changing environment.

Senior executives recognise that in order to compete optimally in the current and future landscapes, their companies will be expected to do more for less in a more dynamic landscape with issues of globalisation, new market opportunities, and new ways of doing business. There is a recognition that the changes are going to increase and the demands for business benefits realisation will also increase. It is therefore no longer optional for leaders to increase their ability to successfully implement strategies by increasing their ability to manage change and in fact leveraging this change management skill to become a competitive advantage.

If you’re struggling or your market is down, change management is especially critical because growing companies are not afforded the time to weather the storm of down markets or decreased demand. Offensive change when the company is doing well is a whole lot easier to manage than defensive change.
With this sentiment, I am not suggesting that you overhaul your business entirely change your mission, vision, and values or abandon your product strategy with every minor bump in the road. I am suggesting, however, that the best companies the ones that experience exceptional long-term success are able to quickly recognise the need to change and make the tweaks necessary to help their business continue its growth trajectory.

Here are three tips that can help the journey of change easier:

  • Top down support from the CEO level down to the senior executives below the CEO is what ultimately drives successful change. When the changes are major, you need to create a burning platform scenario that will encourage a sense of urgency.
  • Clear, consistent, and transparent communication by all executives is critical to explain why the change is necessary. Throughout the change process, it’s important to regularly and clearly communicate the reasons for change and reinforce that message to your team so they understand why you’re taking the hill in front of you.
  • Quickly identify the senior team members who don’t buy in and encourage and support them to leave the company if they refuse to embrace change. This means you may lose some very good people who helped you get to where you are, but those people won’t be as valuable going forward if they aren’t willing to help you get to where you need to be.

Final thought on the subject – business is a little like the growth rings on a tree. Every year, something changes it could be your product, your top competitors, your customers’ preferences, or any number of things. The best companies adapt to those changes, reinvent themselves when change requires it, and find a way to grow – in good times and bad.

Successful organisations foster a positive attitude toward change by anticipating it and purposefully planning for change. Change must be addressed in an intentional, goal-oriented manner. Change is something that people should do, not something that is done to them. People are more comfortable with change when they participate in planning for or implementing it because they gain some sense of control which reduces their fears.

As George Soros once said:

‘Market fundamentalists recognize that the role of the state in the economy is always disruptive, inefficient, and generally has negative connotations. This leads them to believe that the market mechanism can take care of all the problems.’

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Do we ever forget where we came from…?

There are many people in the world who have struggled to have a better future, and they have accomplished it by hard work, dedication, sacrifices, and by the help of others. A great number of these people have made it big in business, and in the media and entertainment industries to name a few. I have tremendous respect and admiration for these people who are genuinely authentic, people who happily acknowledge their family and cultural roots, and who never forget where they come from.

Readers may remember I wrote my first book, ‘Freedom after the Sharks’, this was a non-fiction book on the tribulations of my life, from birth to entrepreneur, detailing the emotions of what being a child can really entail, I recall the first time I ran away from home, people have always said to me ‘you have always held an old head on young shoulders’, it is funny how you remember these statements.

I recently purchased a DVD from Amazon called Lion. The story of Lion, is up for six Oscars, including best picture, it tells the story of how, in 1986, Saroo, an illiterate, impoverished five-year-old in rural central India, got separated from his brother at a railway station in Burhanpur, and accidentally ended up alone on a train that took him almost a thousand miles to Kolkata (then called Calcutta). Unable to speak Bengali, and unaware of the name of his home town, he had no way to return. He lived as a street urchin and survived on his wits and scraps of food. He was later taken in by an orphanage, and was eventually adopted by an Australian couple, Sue and John Brierley, who took him to start a new life in Tasmania.

The trailer for Lion:

The saddest thing to see is how quick some of these people forget where they come from to a point that they feel ashamed to talk about their past and how they arrived to where they are now. I think this goes beyond sad because such stories can serve as a very valuable tool to encourage other people who have also embarked on a journey to pursue a better future. Why does this happen? What makes these people “forget” where they come from?

When people go through hardships in life, they often become resentful and frustrated for having struggled more than others. Even when they make it big, they are selfish, arrogant, boastful, disrespectful, and so on. It seems that in the way to pursuing a better future, their hearts were hardened by the circumstances they had to endure.

It is understandable that suffering and pain can cause any person to feel the most negative emotions; the difference is in getting over them, particularly when people’s goals have been satisfactorily met. Life is hard, no doubt. Fortunately, we can learn to be better people without forgetting where we come from.

According to Railway Children, it is estimated that a child runs away from home or care every five minutes in the UK. That’s 100,000 children every year.

Research shows this can happen to anyone, with children running away from affluent homes as well as low-income households. Running away is slightly more common among girls than boys.

The study estimated that of the 18,000 children under the age of 11 who run away for the first time, 6,000 are less than eight years old.

“It is very worrying that a small number of people at a very young age become detached from their families, their schools and their communities,” said Professor Stein. “They are outside the system completely.”

The research also reveals that 21 per cent of young people living in step-families had run away once, compared to 13 per cent in lone-parent families and 7 per cent of those living with their birth families.

Four out of five children said they ran away to escape family conflict, violence, or abuse. Children who ran away before the age of 11 were most likely to have experienced a death in the family or their parents’ divorce. Most children who ran away from care were runaways before going into care.

Ian Sparks, chief executive of The Children’s Society, which took part in the study, said: “The sheer scale of the problem tells us we have a crisis on our hands. It means in every classroom, in every school the chances are at least one child will run away in the next year.

“When children feel alienated and rejected, then running away can seem some sort of solution.”

He added: “This issue cuts across class boundaries – children are almost as likely to run away from a leafy suburb as an inner-city estate. The outcomes of ignoring their cries for help may be terrible.

“We spoke to a small but significant number of children who had been completely detached from any form of help and support for over six months. These are the children that no-one notices when they disappear.”

Children are often running away from problems at home or at school. Some are dealing with very serious issues at home, such as neglect, drug and alcohol addiction (their own or their parents’), mental health problems, violence and abuse. A few children are even forced to leave home by their parents or carers. Others are trying to escape common problems such as bullying, relationship difficulties, loneliness or family breakdown.

Many children run away on the spur of the moment, without any forward planning – meaning that they probably have not thought about where they will go, where they will sleep, or how they will manage to support themselves.

This means that many children end up on the streets, where the problems they face are often even worse than those they have endured at home. In many cases, children and young people who end up alone on the streets are at risk of sexual exploitation, drug and alcohol dependency, abuse and violence.

Here is a great video on parenting and runaway children: Runaway teens – Parentchannel.tv

Why do teens run away from home? We look at some of the reasons, the signs to look out for, and what you can do if you’re worried your teen might run away.

If your teenager has run away and decides to return do not expect all the problems to have disappeared. Discuss what returning home might be like before they come back so that neither of you have any false expectations.

Encourage them to talk to you about any problems they are facing and be prepared to listen. Be aware that some things that might have happened to them since they have been away may be difficult to talk about. Some local organisations offer mediation services which might be able to help and be prepared to make some concessions and meet your teenager halfway.

At first your teenager may get in touch but be unsure about returning home, you may have your own concerns about them coming back to your home as well. You may feel you need some time to sort things out in your mind. In this case it may help if a close friend or relative could allow your teenager to stay. You will then be reassured they are safe and you can start to talk things through at an agreed meeting point – somewhere that feels comfortable for both of you.

• Give each other space
• Be prepared to compromise
• Recognise it is going to take time to sort things through.
• Get help with talking things through.

It is very important to have people in your life who you love and trust, people that you can reach out to for advice and to keep a reality check on how you are coping with life. Your group may consist of two or more people who you highly trust and confide upon. Never forget where you come from will keep you grounded and in touch with reality. Embrace your life and love the people who have helped you to be where you are now, life is a journey, there are always ups and downs, the important factor to always remember is whatever the problem is or maybe ‘never, never, never give up’. You will recognise life is incredibly precious and the people you love and trust on this journey, family or friends are equally as precious.

A great quote in Chapter 1 of my book, ‘Freedom after the Sharks’ by Henry David Thoreau:

“Every child begins the world again”

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Is there room in the boardroom for Generation Y

Question-Mark-HeadAs globalisation and the fast pace of the digital economy speeds up, customer expectations shift, and the impact of social media rises, the global market place is now more complex than ever before. Businesses that want to stay ahead of the competition – especially in customer-facing sectors like finance, retail and media – need Generation Y to help them understand and respond to the big trends that are already shaping the future: understanding tomorrow’s customers; responding to the desire for more responsible business; and gaining a competitive edge in emerging markets.

Rapid cultural change has been matched and it driven by rapid technological and demographic change. Today’s consumers are heavily influenced by social media, which has given them more access to information about how companies do business than ever before. If the industrial revolution gave power to corporates, the digital revolution has empowered the consumer. Companies that fail to respond to Gen Y’s desire for good business find their brands tarnished and their valuations plummeting. Generation Y business leaders can add value by acting as cultural translators, helping their colleagues navigate the new business environment.

As traditional models of business leadership break down, demand for Gen Y leaders who understand these changes will only rise. Globalisation has created increasingly complex decision-making environments which require new skill sets and fresh perspectives that were simply not around when many of today’s board room executives entered the labour market. Simply accumulating decades of experience in a corporate silo no longer means you will become a successful leader. In the fast-paced, digitally-enabled, multi-cultural and multi-lingual market place, every company now needs to balance Gen X’s experience with Gen Y’s dynamism, inherently global outlook, digital aptitude and understanding of responsible business.

So who are Generation Y? Sometimes referred to as millennials – employees who entered the workplace after 2000 – they are broadly classified as those born in the 1980s and early 1990s. They are characterised as a tech-savvy group, whose members are visionary, highly ambitious and not afraid to fail or to speak their mind. Mark Zuckerberg and Sergey Brin are among the elite few who have become standard-bearers for this generation.

The influx of these fresh, talented individuals, many of whom find themselves among the business elite at a relatively young age, has proved a magnetic draw for organisations. Some businesses in pursuit of greater diversification have sought to bring Generation Y on board through such strategies as reverse mentoring (junior staff advising seasoned executives) or mergers and acquisitions, thus subscribing to a meritocratic culture that helps push aspirational young people to the top table.

The problems of ‘generation integration’ in the boardroom do not only lie with senior executives. Being a director, particularly of a large multinational, is not just about applying a standard set of procedures that might occasionally benefit from a shake-up and youthful energy.

Understanding that it can take time for individuals, particularly those of a different generation, to ‘click into’ the language of a board and have their point heard by colleagues is crucial to avoid this imbalance of power developing.

Integrating fresh young talent into businesses has always been crucial but is not without its challenges. Each generation can disrupt custom and practice within an organisation, but the hope is always that this disruption can be a catalyst for something better to take its place. This is where it gets interesting, because Generation Y has not just opened up new markets with revolutionary products. Over the last few years we have also seen the huge impact of their input on core traditional industries.

A final view on the way Generation Y can disrupt traditional industries is akin to a new industrial revolution. While such rapid change may make some feel uncomfortable, an even bigger upheaval is right round the corner. Just behind Generation Y is Generation Z. Born after the mid-1990s these are the first generation of ‘tech natives’, who have grown up never knowing life without the internet. Their impact on the workplace could make Generation Y seem like a mere blip in comparison.

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Surviving the Upturn!

Transformation needs change, change needs focus. As I said before:

Logo: surviving the upturnDuring the conference “Surviving the Upturn” I asked the audience:

  • How many of you achieved all the change you wanted to in your business?
  • How many of you have changed the organisation in the last financial/fiscal year?
  • Do you think you will have a disappointing or progressive report this year to the business?

Tip 1: Brand; discussing the need for a strong strategy across brand and culture.

What is a brand; vision, mission, values and the need for a brand blue print.

Defining the company’s competitive advantage correctly is the most crucial part of any brand program, while external communications may raise expectations in the marketplace from brand perceptions; it the brand experience that clients have that will translate into customer satisfaction and therefore greater profitability.

A true brand program needs to be established to make sure that all employee’s, partners, teaming arrangements and agencies are engaged with the brand, the message can be then carried externally to clients, and prospects.

The brand needs to be brought to life through a variety of media channels to engage, explain and motivate employees, we need to measure the improvements and refine marketing plans based on this approach.

Communication is all about making connections, connecting people physiologically, engaging appropriate communications to the mind, culture, learning’s that provide long-term memory of representations.

Tip 2: Why organisation change fails

Leaders today must understand and apply the knowledge of behavioral psychology and the business lessons to manage organisational change successfully. In the past, efforts at organisational change which has focused on the structural aspects of organizations have systematically failed because they have neglected the reality that change doesn’t happen without each person changing their thinking, beliefs and behavior.

chart why organisational change fails/GSearle
Click to enlarge!

Tip 3: Why sustainability is so key to a business success and driving performance

Most organisations will tell you they know what good management and leadership looks like and will be able to identify people with skills and qualities they admire. They may also tell you they know that good management makes a real difference to organisational performance.

There is strong evidence to support this contention: historically, our greatest business leaders have driven economic prosperity and growth. The economy has been shaped and driven by the pioneers of business; driving change and making the most of new technologies and opportunities. Entrepreneurial spirit, drive and influence has been the key to this success

Equally, at a local or personal level, managers who stand out, for either good or bad reasons, for their impact on the lives of employees, influence of those who had the ability to engage and inspire, to help us learn and make sense of the business environment and to meet the right balance between challenge and support.

Managers who possess a high EI and TI helped shape not just current performance, but our own behaviours and practice.

There is no question that the performance of leaders and managers can have a truly significant impact on organisational performance, both in the immediate and longer term. Skills such as people management, strategy and planning, budgeting and risk management can transform the fortunes of an organisation. But evidence shows that in general – both in the public and private sector – company’s fall behind because of talent recruitment and an inability to apply strategy internally and engage employees at the highest level.

If you have any questions, please feel free to contact me!