Only 9% of managers believe their leaders have the skills to lead in the digital economy. https://t.co/tK6zbO3pTZ— MIT Sloan School of Management (@MITSloan) August 29, 2019
What makes someone a great leader in the digital economy? Some leadership characteristics are enduring – courage, for example – but others are uniquely important in today's digital economy......... a handful of leadership characteristics will endure no matter what. Integrity comes to mind, as do courage and the ability to execute. ..... whereas crafting a vision and a strategy is an enduring leadership characteristic, doing so in a transparent, inclusive, and collaborative manner is a contextual characteristic, given the expectations of the new workforce ...... “Great leaders will need to more artfully merge the ‘what’ with the ‘how’ to thrive in tomorrow’s world.” ...... “We can train for the digital skills that are important for future success,” he writes. “But developing a digital mindset is a more complex challenge because it is a less tangible one to address.” ...... Without a mentality focused on platforms, a company’s leaders risk investing in increasingly obsolete ideas. ...... Far more than talking about digital leadership, leaders need to live it ....... Strong leadership was once about creating standardized processes, five-year strategic plans, and then establishing controls to help achieve these plans. ....... Leading in a digital world is instead about creating a culture that encourages — even demands — rapid innovation and experimentation. It is about empowering employees to feel and think like owners so that they remain motivated to create new opportunities. It is also about establishing a kind of radical transparency in which voices across the hierarchy can be heard. But all of this requires, in turn, the cultivation of an open and trusting environment. ....... leaders who can create an innovation-minded culture that fosters creative thinking, agility, and speed....... He started with five-year-olds and found that, against the test’s criteria, 98% of them performed at “genius level.” ........ The scores dropped from 98% at five years old, to 30% at 10 years old, to 12% at 15 years old, to 2% as adults. Land summarized the results simply: “Noncreative behavior is learned.” ......
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