In this Hot Topic, we will explore some of the challenges that leaders need to consider to create lasting change in the (near) future. We hope this month’s Hot Topic will inspire you to embrace those challenges and take the future of your business into your own hands.
Renew your human focus to be ready for 2020
At its heart, business is all about the people. Human potential is our number one strength, if we get it right.
Research suggests five key principles to frame a renewed human focus in the workplace: (1) Give organisations a sense of purpose and meaning; (2) Use data, technology and systems in an ethical and fair way; (3) Nurture the personal growth and passion of individuals; (4) Develop teams by focusing on collaboration and personal relationships, moving beyond digital; (5) Share information openly and transparently, managing with a growth mindset.
Test your strategic direction – time to refresh, rewire or recode?
The future of businesses is diverse, hungry, and complex. Reinvention is a daunting and yet inevitable prospect. Whenever leaders are putting a plan into action for next year, it is crucial that they become change agents and are curious about what they can do to create meaningful change.
To become aware and build a deeper understanding of what your organisation needs you to focus on, you can use this model to understand what level and approach would be helpful. (1) Refresh by updating and improving the way things happen now. (2) Rewire by creating new connections and changing the strategic direction. (3) Recode, by starting over and designing from scratch. No matter what path is taken, organisations should strive for a nuanced approach combining human skills with technology.
Action Point
What mode of reinvention – Refresh, Rewire, Recode – would benefit your organisation the most and why? Think about what you can do to set this reinvention in motion.