Technological advancements have led to increased productivity and efficiency for organizations and people on a global scale. However, these advancements also present challenges.
Information is growing at rates never seen before and the volume of data has grown exponentially. The world is increasingly connected with the ability to access data in real-time. Organizations have geographically dispersed resources and workers who are more mobile with teams being fluid by nature. Companies are leaner than ever, which forces executives and managers to achieve more with less. Many companies are still being run the same way today as they were in the age of information scarcity – doing the same things repetitively and at scale. In the real-time, information abundant world, these are no longer the best strategies for success or even survival.
“If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”
Leading an organization is more complex than ever before and places huge demands on executives and managers. In today’s 24×7 global marketplace, leaders still have to engage and mobilize employees. New forms of communication have led to a shift in human behaviors – shorter attention spans, and the need for instant information in bite-sized snippets have made it easier to shy away from authentic, transparent communication. For many, working is also about doing something meaningful, making a difference, being recognized, and being a part of something.