Driving Business Success through a Culture of Speed and Adaptability

1. Foster a Culture of Speed: Leaders should set the pace, demonstrating urgency and swift decision-making. Empower teams to act quickly and remove bureaucratic obstacles. Setting clear timelines and celebrating fast execution reinforces the importance of speed. Example: Through weekly stand-ups and in-person collaboration, leaders can drive a culture of speed, emphasizing short-term goals and immediate responses, enabling swift decision-making and progress.

2. Emphasize Adaptability Over Resilience: Encourage calculated risks, consistent reflection, and iteration to foster an environment of adaptability, allowing organizations to continuously evolve and outpace peers. Example: By empowering teams to make decisions confidently and encouraging adaptability, organizations can seize opportunities and navigate change, ultimately surpassing their competitors.

By ALEXA VON TOBEL | JUL 23, 2024
Read the original article at FAST COMPANY

News

Closing the Expectation Gap: How AI Can Boost Productivity for Bosses and Employees

FORTUNE – A survey in the U.K. shows a significant gap in expectations between bosses and employees, regarding the time-saving potential of AI in the workplace. Bosses believed AI could save them 4.4 hours per day, while employees estimated 2.9 hours. This disparity highlights a common trend of employers being overly optimistic about AI’s capabilities. This gap in perception might exacerbate employee disengagement, a major barrier to productivity according to employers. Responsible deployment of AI, focusing on its benefits like reduced administrative tasks and more time for creative projects, could help bridge this trust gap.

By RYAN HOGG | JUL 16, 2024
Read the original article at FORTUNE

Maximizing Business Potential with Part-Time Senior Leaders

HBR – Organizations aiming for growth often face hiring and retaining senior talent due to challenges and costs, especially for small and medium-sized enterprises (SMEs) that may struggle to afford. To address this, a new trend of hiring fractional leaders, with 20 to 30 years of experience, has emerged. They offer leadership on a part-time basis to multiple organizations. Enterprises benefit from senior leadership without the commitment of a full-time hire, while senior executives get career flexibility.

This trend, fueled by the pandemic, technological advancements, and the normalization of remote work, has grown significantly. LinkedIn data shows a rise from 2,000 fractional leaders in 2022 to over 110,000 by early 2024.

By Tomoko Yokoi and Amy Bonsall | JUL 2, 2024
Read the original article at Harvard Business Review

Creating Inclusive Cultures: Safety and Empathy in Management

1. Foster Psychological Safety: Create an environment where employees feel safe sharing their thoughts and taking risks. Example: During team meetings, encourage open discussions and listen without judgment, allowing employees to voice concerns and ideas.

2. Practice Empathy: Understand and consider the perspectives of others, especially those from different backgrounds. Example: Managers can hold regular one-on-one meetings with team members to learn about their experiences and provide tailored support.

By Mike Murchison | AUG 2, 2024
Read the original article at ENTREPRENEUR

Related Posts