Leadership is changing. The old hierarchical model that depended mostly on a few people at the top for leadership simply doesn’t work anymore. In today’s more volatile, uncertain and ambiguous business battlefield, decentralized controls and leadership through networks of people at all levels is imperative for success.
As the digital landscape gains maturity, its impact on how leaders need to react to and manage disruption and transformation is critical. According to Deloitte, many CEO’s don’t see the gravity of the situation and although they are embracing technology in their business, they need to also identify where the new leaders will come from. In a Deloitte survey of 800 top business executives, 67% believed that technology will drive greater value than human capital. That’s certainly debatable, but what’s not debatable is that today, right now, companies need to train and grow the leaders of tomorrow with a different, fast-changing, dynamic curriculum.
Companies must increasingly invest in leadership not only as an individual capability but as a collective organizational capability as well, whereby leaders are taught, developed and held accountable for the appropriate leadership attributes and behaviors. Leadership development will emphasize collective leadership mindset and skillset rather individual heroics.
Driven by the complexity and fueled by rapid change, the practice of leadership development continues to evolve. The challenge for leaders is to create an environment where you can pull information and answers from across the organization and move everyone in the right direction without
necessarily emphasizing formal authority.
Leadership today is about two things: competence and connection.
All our emphasis on developing ready now leaders must give way to developing ready able leaders. We no longer really know if leaders are ready now. At best, we can prepare them to be ready able—to have the situational awareness, flexibility, savvy and leadership capabilities required to quickly understand and adapt to changing conditions. Leadership development in the future will be about identifying and developing potential, which, in turn, translates into being ready and able to handle whatever the future throws at us.
TMA’s 8th Annual HiPO and Leadership Development Summit is based on the understanding that yesterday’s leadership theories are not keeping pace with the velocity of today’s disruptive marketplace.
Join our high level speaking faculty as they share experiences from organizations that are seeking a new model of leadership for the age of agility.