Decisions must be made quickly amidst ambiguity. The consequences are high while the margin of error is small.
This stands in stark contrast to ‘routine’ settings where strategies are carefully crafted, and stability—or at least predictable variability—undergird plans and projections. Executives confidently predict the future, and in many cases, their performance is judged on how well they do so. Yet, it is increasingly clear that such certainty is an illusion. Even before the current pandemic rocked the world, record floods, droughts, fires, and other calamities were injecting uncertainty into the operating environment. Acts of terror and other unrest too regularly disrupted the ‘routine’.
We and our colleagues at the National Preparedness Leadership Initiative at Harvard have been studying leaders in crisis situations for almost two decades. Through our field research, we have stood alongside them during or soon after turbulent incidents ranging from extreme weather to industrial accidents, terror attacks and, yes, infectious disease outbreaks. Our work has continued through the current pandemic.
Denne historien er fra August 2020-utgaven av Indian Management.
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Denne historien er fra August 2020-utgaven av Indian Management.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Trust is a must
Trust a belief in the abilities, integrity, values, and character of any organisation is one of the most important management principles.
Listen To Your Customers
A good customer experience management strategy will not just help retain existing customers but also attract new ones.
The hand that feeds
Providing free meals to employees is an effective way to increase engagement and boost productivity.
Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
Pioneer in the venture capital and private equity fields and co-founder of four transformational private equity firms, Bryan C Cressey opines that we have been taught backwards in many important ways, people can work an entire career without seeing these roadblocks to their achievements, and if you recognise and bust these five myths, you will become far more successful.
For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
Are you a sales manager or a true sales leader? The difference, David Mattson, CEO, Sandler® and author, Scaling Sales Success: 16 Key Principles For Sales Leaders, maintains, comes down to whether you can see beyond five classic myths that we often tell ourselves about selling.