How and why is leadership changing and what does it take to be a successful leader?
To answer this question I spoke with over 140 CEOs around the world from organizations like Best Buy, Accor, Oracle, Verizon, KPMG, Unilever, Audi, and many others.
These CEOs collectively identified 6 trends which are shaping leadership, both today and in the future. If you want to download a copy of the PDF which features all 6 of these trends you can do that here.
One of the top trends identified is AI and technology.
Technology is changing everything about how we live, work, and lead. Even just 10 years ago, leadership was completely different—AI was in its infancy, technology was less developed, and there were far fewer social media channels.
Now, technology is evolving at a breakneck speed and has the power to completely transform how businesses operate and people work. AI and technology are largely what made it possible for most companies to switch to remote work in 2020, something that will likely become a long-term practice.
The 2021 PwC CEO survey found that 88% of CEOs anticipate an improvement in the global economy over the next 12 months, which is leading them to invest in new and different technology. Leaders have to leverage new technology by understanding what’s happening around them and how it can impact and improve their businesses. But they also have to mitigate their employees’ fears about getting replaced by technology or having to learn how to use new programs. Leaders need to calm fears and remain positive about new technology. They don’t necessarily need to be technology experts, but they need to have a basic understanding of what is changing in the technology space so they can embrace AI and technology instead of fearing it.
What you can do now:
- Pay attention to how technology is developing. You don’t need to be a leader to learn about AI and technology. Develop a basic understanding of how the technology works and where it is going.
- Stay abreast with new developments across all industries, not just yours.
- Continually experiment with new technologies and get familiar with what they are, what they do, and how they work on a high level.
- Develop the human side of leadership. Future leaders need to balance AI and technology with human skills. Build relationships, practice empathy, and learn to listen and communicate.
“What all of us have to do is to make sure we are using AI in a way that is for the benefit of humanity, not to the detriment of humanity.” Tim Cook, CEO of Apple
“I see artificial intelligence and technology as extremely positive for future leaders. It will allow them to have a partner in the decision-making process while allowing them to focus on the most important aspect of leadership, people.” Adam Warby, CEO of Avanade
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There are 6 trends that are transforming leadership forever do you know what they are and are you ready for them? Download the PDF to learn what these 6 trends are and what you should be doing about each one of them. These are crucial for your leadership and career development in the future of work!
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