Exponential leadership means letting go of legacy thinking, legacy processes, legacy expectations and legacy mindsets. It requires leaders to be unshackled from the past, have the intellectual curiosity to embrace the Now, and develop the humility to understand and accept that the best ideas for compounding the business may not reside at the top of the organisation.
In the future of work, you are either the one causing the change, or the one being changed yourself. Highly successful companies of our times are at the forefront of innovation and disruption and are experiencing hyper growth. What does it mean to be an exponential organisation? Exponential organisations (ExOs) use a small footprint to leverage accelerating technologies to go outside their traditional boundaries. As opposed to the larger companies that had a hard time innovating owing to their sheer size, exponential companies have generally kept things compact and agile so that they could adapt as needed.
What does it take to be exponential?
Salim Ismail of Singularity University has identified ten characteristics of exponential organisations; 5 external and 5 internal. Salim Ismail predicts that organisations can reach 10 X performance improvement by adopting only four of these ten characteristics.
Five external characteristics (Acronym SCALE)
S: Staff on demand. Just like Uber does not actually employ its own workers, we are moving to a model where companies outsource most of their major work, which gives them better flexibility to quickly adapt to market changes.
C: Community and Crowd. Exponential organisations use collaborative means to build community and scale their work.
A: Algorithms. UPS is a good example of a company using an algorithm to maximize its efficiency- in this case, finding the best routes for its trucks.
L: Leased assets. Similar to having staff on demand, exponential companies have assets on demand, and do not own much of what they use.
E: Engagement. To create connectivity between the organisation and the community, exponential organisations utilise digital feedback, incentives, and gamification.
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
