"In
today's era of volatility, there is no other way but to re-invent. The only
sustainable advantage you can have over others is agility, that's it. Because
nothing else is sustainable, everything else you create, somebody else will
replicate." ―Jeff Bezo, CEO and President, Amazon
Transformation
means different things to different individuals, industries, and organizations.
Leaders must dream and think big to drive industry transformation effectively
especially in the post-coronavirus world. Additionally, exponential thinking is
essential for leaders to lead in today's exponentially disrupted business
environment. Transformation involves strategic thinking, strategic decisions,
and above all, reinventing as per the changing times and technologies.
Driving a responsible industry transformation
involves the usage of innovative business models and digital tools and
technologies to improve the products and services to add value to customers and
clients. It helps adapt organizations in a rapidly changing world and improving
the organizational bottom lines. In a nutshell, it adds value for customers, engages
employees effectively, and increases profits for shareholders.
Leaders must impart training programs to their
employees regularly to upgrade skills, knowledge, and abilities to drive
organizational transformation effectively. They must prepare their organizations
for disruption and innovate constantly and embrace change effectively. They
must accept volatility, uncertainty, complexity, and ambiguity (VUCA).
"At least 40% of all businesses will die in the
next 10 years… If they don't figure out how to change their entire company to
accommodate new technologies." — John Chambers, Cisco System
Reference
https://www.amazon.com/Soft-Leadership-New-Direction/dp/1949003523
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Professor M.S.
Rao
Founder of MSR Leadership Consultants,
India
Amazon: http://www.amazon.com/M.-S.-Rao/e/B00MB63BKM
Vision 2030: https://professormsraovision2030.blogspot.com
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See the Light in You: https://www.amazon.com/See-Light-You-Spiritual-Mindfulness/dp/1949003132
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