Skills sets that have an increasingly short lifespan, an ever more competitive job market, fierce competition for emerging talent, and mitigating the threats of automation: according to recent and extensive study by LinkedIn, these are the principal workplace trends. You, as an executive, must be attentive and devote time and effort to keep track of these changes and their potential effects on the future.
Strategic management and Innovation
These days, there is a general debate about what is artificial intelligence and its real and perceived impacts on our day-to-day lives. Although there have been a massive amount of studies and articles written on the subject, it is nevertheless still difficult to easily sum up the current state of the technology, much less accurately predict where it might lead us in the future. This lack of certainty is the cause of both high hopes and a great deal of anxiety, and there is a great deal of speculation as to whether many of us will lose our jobs to robots.
Hesitating before you answer this question is perfectly normal. According to a survey by Deloitte conducted in partnership with Forbes, which interviewed over 1,500 executives around the world, only 14% stated that their companies are prepared for the changes being brought on by the New Economy 4.0. So, you would be in good company if your answer is “no.”
Have you ever considered the possibility of driving at night with your car’s headlights off? Charging down the road without being able to see properly borders on the insane. Navigational tools that began as a simple beam of light affixed to the front-end of cars have gained orders of complexity, and the way we drive is continuously evolving. These days, not having a satellite-guided navigation system, whether through an app on your smartphone or an onboard GPS, is almost like driving without your headlights on. With the emergence of disruptive technologies, driving styles are changing even more dramatically, to the point that there is no longer such a need for so many drivers on the road. The same type of paradigm shifts can be seen in business management, and that is the reason why more and more people are talking about the data-driven company.
Have you stopped to think about the existence of IBM and other long-running companies like Xerox, Kodak and HP? In the case of the International Business Machines Corp. (IBM), it has existed and been in operation for over 100 years – 106, to be exact. In a time when many companies fail to survive for more than ten years, the American company has been active for more than a century. It is undoubtedly impressive. However, the source of its long-standing, and mostly successful existence lies in the way IBM addresses the concept of business innovation.
Have you heard about people who suffer from burnout syndrome at work? Not everyone is aware that this disorder can cause people to become mentally exhausted. Worse yet, many people don’t even realize that they are potentially suffering from the syndrome, which is associated with high levels of stress (“work overload” sounds familiar?). Every employee and manager is vulnerable to having problems with exhaustion, even those who are the most highly engaged and motivated in their jobs.
You’ve probably had the experience of working with clients who never stop asking for revisions. It’s a highly delicate situation. It is vital to understand how to avoid getting sucked into a vicious cycle of endless revisions on projects, to prevent ruining your profit margins and possibly even losing your mind.
Today, we’re going to talk a critical aspect of your business: work management. It is a critical aspect of managing your business, and there is a huge difference between managing your own time and that of a team of individuals. If some people can suffer from stress related to managing their heavy work schedule, just think about having to be responsible for managing your team’s time and performance as well.
2017 was a year in which discussions concerning gender equality figured prominently. Although plenty of painful wounds were brought out into the open, it still seems like it will take decades for the problem to be resolved entirely. Amazingly, some analysts think it may even take centuries: according to the World Economic Forum women’s wages will take 217 years to catch up with those of their male counterparts. There are signs that people’s views of gender equality are entrenched: surveys point out that many people believe that everything is fine as it is. Here we’d like to bring some clippings to your attention in which these advances (or the lack thereof) are painfully evident.