The New Rules of Leadership: 5 Forces Shaping Expectations of CEOs Source Vince Molirano

The New Rules of Leadership: 5 Forces Shaping Expectations of CEOsSource Vince Molirano

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The New Rules of Leadership: 5 Forces Shaping Expectations of CEOs Source Vince Molirano by Mind Map: The New Rules of Leadership: 5 Forces Shaping Expectations of CEOs  Source Vince Molirano

1. 1.Transformative Technologies

1.1. Over the last number of decades, several technologies have emerged that could either accelerate the disruption of companies, or provide them with new opportunities for growth. According to KPMG, 72% of CEOs believe the next three years will be more critical for their industry than the previous 50 years.

1.1.1. Transformative Tech

1.2. Example

1.2.1. For example, artificial intelligence (AI), can now provide companies with insights into what motivates their employees and how they can help them succeed. IBM’s AI predictive attrition program can even predict when employees are about to quit—saving them roughly $300 million in retention costs.

2. 3. Revolutionizing the Working Environment

2.1. As the future of work looms, leaders are being presented with the opportunity to reimagine the inner workings of their company. But right now, they are fighting against a wide spectrum of predictions around what they should expect, with estimations surrounding the automation risk of jobs ranging from 5% to 61% as a prime example.

2.1.1. 3. Revolutionizing the Working Environment

2.1.2. Risk

2.2. By creating an inspiring work environment and investing in retraining and reskilling, leaders can nurture employee well-being and create a sense of connectedness and resilience in the workplace.

3. 2. Geopolitical Instability

3.1. Geopolitical risks—such as trade disputes or civil unrest—can have a catastrophic impact on a business’s bottom line, no matter its industry. Although 52% of CEOs believe the geopolitical landscape is having a significant impact on their companies, only a small portion say they have taken active steps to address these risks.

3.1.1. Geopolitical Instability

3.1.2. %52

3.2. By being more sensitive to the world around them, leaders can anticipate and potentially mitigate these risks. Extensive research into geopolitical trends and leveraging the appropriate experts could support a geopolitical risk strategy, and alleviate some of the potential repercussions.

3.2.1. Methodes

3.2.1.1. Comprehensive scenario modeling

3.2.1.2. Integration of risk analysis

3.2.1.3. Communication

4. 5. Repurposing Corporations

4.1. The drivers listed above ladder up to the fact that society is looking to businesses to help solve important issues, and leaders are the ones being held accountable.

4.2. With 84% of people expecting CEOs to inform conversations and policy debates on one or more pressing issues, from job automation to the impact of globalization, CEOs have the potential to transform their organization by galvanizing employees on the topics that matter to them.

4.2.1. 84%

4.3. For a long time, the purpose of corporations was purely to create value for shareholders. Now, leaders are obligated to follow a set of five commitments:

4.3.1. Deliver value to customers

4.3.2. Invest in employees

4.3.3. Deal fairly and ethically with suppliers

4.3.4. Support communities

4.3.5. Generate long-term value for shareholders

4.3.6. Five Commitments

4.3.6.1. .

5. Lead The Future

5.1. If leaders understand the context they operate in, they can identify opportunities that could fuel their organization’s growth, or alternatively, help them pivot in the face of impending threats.

5.1.1. Lead The Future

5.2. But organizations must invest in the development of their leaders so that they can see the bigger picture—and many are failing to do so.

5.3. By recognizing the new rules of leadership, CEOs and managers can successfully lead their organizations, and the world, into a new and uncertain future

6. 4. Delivering Diversity

6.1. Diversity and inclusion can serve as a path to engaging employees, and leaders are being asked to step up and deliver like never before. A staggering 77% of people feel that CEOs are responsible for leading change on important social issues like racial inequality.

6.1.1. Diversity

6.2. But while delivering diversity, equity, and inclusion seems to be growing in importance, many companies are struggling to understand the weight of this issue.

6.3. An example of this is Noah’s Ark Paradox, which describes the belief that hiring “two of every kind” creates a diverse work environment. In reality, this creates a false sense of inclusion because the voices of these people may never actually be heard.

6.3.1. Question

6.4. Modern day leaders must create a place of belonging where everyone—regardless of gender, race, sexual orientation, ability, or age—is listened to.

7. Vince Molirano

7.1. Videos

7.1.1. Leadership is an Obligation

7.1.2. The Leadership Contract ~ Vince Molinaro

7.1.3. Leadership is an Obligation

7.1.4. Leadership is a Community

7.1.5. Leadership is Hard Work

7.1.6. Leadership is a Decision

8. Visual Capitalist

8.1. Katie Jones

8.2. Visual Capitalist Website