deepstash

Beta

Five Rules for Leading in a Digital World

Deepstash brings you key ideas from the most inspiring articles like this one:

Read more efficiently

Save what inspires you

Remember anything

https://sloanreview.mit.edu/article/five-rules-for-leading-in-a-digital-world/

sloanreview.mit.edu

Five Rules for Leading in a Digital World
Times of rapid change call for a new leadership model. Get a free download of the full series. advertisement Editor's note: This article is part of a new MIT SMR series about how leadership is evolving in a digital world. For years now, everyone has been talking about VUCA, the U.S.

6

Key Ideas

Save all ideas

The speed of change

The amount of data generated doubles every two years, reflecting a

123 SAVES


Communicate your leadership signature

A leadership signature: Who you are as a leader and how you view and approach the job. 

  • Discover your leadership signature by asking how you lead day by day. Are you task ...

111 SAVES


Be a sense maker

Sensemaking refers to the process of creating meaning out of the chaotic world around us.

We need to make sense when something in our environment seems to have changed. We collect data...

137 SAVES


Build flexible teams

Setting clear goals, defining roles and improving relations is only part of the picture. Leaders should also be able to build a new and dynamic kind of team to encourage speed, innovation, and i...

102 SAVES


Replace toxic leadership tendencies

Toxic leadership can achieve short term results, but over time performance will deteriorate.

When things get troublesome, even the best leaders can slide into a self-centered approach....

98 SAVES


Build the systems

Successful leaders will need to create a framework in which a dynamic team can thrive. It will involve hiring and developing three types of leaders.

  1. Entrepreneurial leade...

115 SAVES


SIMILAR ARTICLES & IDEAS:

“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is gu..."

Mark Zuckerberg, CEO of Facebook

Skills Needed In Digital Leaders

  • Work together, complement each other, and function as a team.
  • Able to operate on and enable environments that are more dynamic, team-centric, and connected.
  • Lead and build teams and partner with the broader ecosystems, keep people connected and engaged, and drive a culture of innovation, learning, and continuous improvement.
  • Lead a workforce that includes contractors, the contingent workforce, and crowd talent.
  • Understand how different business functions, industries, and technologies come together to form solutions.
  • Comfortable and competent with risk-taking.

Demographics And Leadership Destiny

Millennials expect to be developed via opportunities, mentoring, and stretch assignments. However that is hard to come by in top-heavy companies. 

Most millennials think their roles provide little development while most companies report they have excellent or adequate programs for Millennials.

5 more ideas

Talent Spotting

Digital leaders don’t have to do everything themselves, but they must be able to spot the areas of their organization that need improving. Moreover, they need to be able to hire an...

Adaptability

Sudden changes in the industry can disrupt the status quo, potentially derailing the success of your organization. In these situations a leader must remain flexible and adaptable, ready to make the quick decisions that can keep the company on track with minimal negative impact.

Risk-Taking

Putting speed and innovation ahead of tried-and-tested business practices often makes leaders cautious. However, in a fast-changing world, the only strategy that is guaranteed to fail is not taking risks.

For a start-up, the risks can be even greater but innovation is impossible without risk. And if you can’t take risks, you may not be cut out to be a digital leader.

5 more ideas

Same fundamentals

Same fundamentals

The leadership development industry is thriving. There are many new and exciting ideas with hundreds of books written about leadership every year.

But even though organizations have become ...

Classic leadership practices

The best leaders with the most impact almost always use six classic fundamental practices:

  • Uniting people around an exciting, aspirational vision;
  • Building a strategy for achieving the vision by making choices about what to do and what not to do;
  • Drawing and developing the best possible talent to implement the strategy;
  • Relentlessly focusing on results in the context of the strategy;
  • Creating ongoing innovation that will help reinvent the vision and strategy;
  • Growing yourself so that you can most effectively lead others.