In the recently concluded World Economic Forum, the who’s who of the world’s national and financial leaders discussed the path the world wants to take in the future. While it is a given that we are in the midst of the Fourth Industrial Revolution, what the world is trying to understand is the code of conduct and behaviour that will guide the human-machine interaction.
Image credit: TV Series – The Big Bang theory
At the WEF, 2018 in Davos, the leaders also tried to guess at the nature of Leadership in the coming years.
The digital age will create an opportunity to reinvent work and to reinvent the workplace. But how will leadership change in this renovated work situation? What are the skills which will become more important to be leaders?
As Professor Klaus Schwab notes, “We need leaders who are emotionally intelligent, and able to model and champion co-operative working. They’ll coach, rather than command; they’ll be driven by empathy, not ego. The digital revolution needs a different, more human kind of leadership”.
So, while new technologies might change how work is done, it will require leaders with high quotient of emotional intelligence, humane qualities like empathy and compassion to compensate the lack of human element in work processes. If a robot will be giving a presentation, it will require someone very considerate to chair the meeting so that all feel included in the process.
The leaders will have to match the reinvented nature of work: how to successfully manage people who are not sitting in the office where you can see them; how to measure and reward in a virtual work place and how to virtually connect diverse skill sets that will lead to optimum results.
Balanced decision making
Decisions will have to combine Big Data from a plethora of analytical tools to human compounding factors. Situational leadership skills, adapting to newer work situations and balance between human elements and statistical figures will become more important. For instance, face creams are ignoring the yesteryear sales figures to shift their media campaign’s focus from fairness to feminist pitches.
It may be the right time to re-align your leadership skills and acquire the right experience and training to face the changes with ambition.
Read Also: The Most Wanted Skills For 2018
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