Leadership in Digital Age
Leaders are typically at the helm of any change in an organization. But what about leadership itself – does that need to change with evolving times? We are living in a digital age where technology rules everything. From employee behavior, customer expectation, organization culture – everything is evolving around technology. Do these changing events and attitudes need the same old leadership, or is change inevitable?
It will be foolhardy to assume that leadership is a constant. Additionally, technology has only complicated the various facets of leadership. Now consider the control and command style of leadership behavior – well, it just won’t work anymore. The millennial generation populating the workforce today has grown with technology. They are used to having information at fingertips. The millennials are not interested in taking just instructions, but want recognition, transparency, and ownership in their work. How do you lead this bunch of hyper-connected people?
Technology has enabled employees to work remotely. But how do you inspire, empower and lead a virtual working team separated by cultural and geographical boundaries? Senior executives are facing information overload with the constant stream of emails and trends on social media. How tough is it to take decisions when doused in information? Also, technology is constantly adding pressure and challenging old business models and processes. How do you help the organization embrace this looming change?
These are just a few challenges that digital has brought on for leaders. And every challenge has its own unique solution. As per a McKinsey Research Report, today automation is all about reconfiguration, transformation and disruption. And leaders cannot face these challenges in silos anymore. Leaders will need to be open-minded, strategic and collaborative at all levels.
Leaders who fail to reinvent themselves, or are slow to adapt to the speed of change in digital age will take down the organization into the abyss with them. MYB believes that digital is here to improve the quality of life, make business more cost-effective, efficient, and quick. If leaders accept this fact, it will be easier for them to not only adapt their leadership style, but also drive the required change in the organization.