Business

The Times They Are A'Changing

By: Janine Garner • 8 months ago •

The Times They Are A'Changin

Anybody who believes that the business landscape is the same as it was in the ‘old days’ has their head well and truly buried in the 20th‐century sand.

There is an evolution going on that is affecting the business world and how we lead and manage within it.

We are all being forced to rethink how we behave and what we do. The changes of greater society — changes in generations, gender dynamics and technology — are leading to a shift in business from large, highly structured corporate entities to agile, innovative entrepreneurial enterprises.

This evolution isn’t about to stop any time soon—if anything, the pace of change is only going to increase exponentially — and it is challenging us to rethink what we do, how we communicate with each other and how we will operate as individuals into the future. It is challenging us to develop new operating systems to future‐proof success. It is challenging us to learn to lead movements in a way that supports others feeling secure enough to think and act collaboratively.

The evolution is:

Changing leadership styles from ‘tell’ to ‘engage’, with leadership now about inspiring and becoming truly authentic

Evolving traditional business structures to become more fluid and blended

Requiring innovation and invention as essential business tools as consumers want better products and services, delivered more quickly, than ever before

Demanding agility and decisiveness as prerequisites in individuals, teams and leadership.

So what approaches will work in our rapidly changing environment?

1. IT STARTS WITH YOU
Let’s get this straight – the starting point is you. You have to believe in yourself, first and foremost. Your dream and vision for yourself and your future is yours, and until you get this sorted there is no leading out.

Choose to be someone who is brave, honest and authentic.

Step into your spotlight and share your message with conviction because being authentic benefits everyone.

Have the confidence to emphasise your strengths, what you add in terms of value and most importantly your point of difference.

Lead out and embrace diversity of thinking and opinion because that is where the opportunity exists.

2. EMBRACE THE COLLABORATIVE ECONOMY

The collaborative economy is where networks of diverse and connected individuals, communities and businesses work together to drive success.

The power of this is inestimable as it connects people, businesses, skills, services, products and space to drive new opportunities and strategies for future‐proofing.

The collaborative economy is a space where, if we are authentic, play by rules of openness and transparency and follow our passions, we have the opportunity to build collective intelligence, trust and connection, and surprise and influence many.

3. STOP THE TALENT DRAIN

It makes economic sense to engage and collaborate commercially with women to gain balanced insight and leadership as part of strategic decision-making for the future.  And yet it’s not happening, as it should.

Unless we collaborate, the lack of female leaders now will drastically affect the pipeline of female leaders for tomorrow. 

There will be no funnelling of talent, no monitoring or active sponsoring of younger women– because the senior female leaders simply won’t be there to see these things put in place.

The lost investment in talent – in smart, savvy, knowledgeable and strong women who are able to make a difference and ensure that equality is kept – is astonishing, and yet organisations are willing to let this happen and incur the cost to re-recruit versus retain.

The disappearing female leader means a management team devoid of perspective.  Decision-making is one-dimensional.

Discussions around innovation, new product development, marketing and consumer engagement strategies become gender-silo’d.

 Unless we all collectively engage and take action, that glass ceiling is never going to develop more than a few cracks.

4. DON’T SIT BACK – SPEAK UP

Become someone that is willing to step out of status quo and challenge the baseline reality of the statistics on diversity.  Speak up and become accountable for change, recognising the need to reach that little bit further or higher to make change happen. Take the leap and collaborate with others to mutual commercial benefit. Become a change maker.

If we don’t speak out, we are not showing willingness to have the courageous conversations that will drive the change that is needed.

5. CONNECTION: BUILD A DIVERSE NETWORK

A powerful and diverse network can become your lifeline.  It has the ability to transform, to give individuals and businesses an edge. As Jim Rohn said,

“You are the average of the five people you spend the most time with.”

An effective network, bridges smaller more diverse individuals with differing levels of expertise, age, gender and experience. 

Powerful networks are cross functional, cross hierarchical and cross industry, delivering balance and diverse thinking. They provide;

Company, market or wider industry information

  • Influence through sharing insight, experience and connections
  • Mentoring to accelerate your personal growth plan
  • Energising you to take action, holding you accountable
  • A sense of purpose, of balance and worth

 

The cross-fertilisation of connections, skills and ideas that are openly discussed and shared through network creation, in their turn create new opportunities, innovation and new solutions to existing problems.

Build a circle of influence that understands what you want to achieve and whom you want to support in kind.

Be brave and diversify. Step out of your comfort zone, strategically expand your circle of influence, diversify your connections, and explore other people, businesses and experiences.  Consciously consider who else you need to learn from, add value to, engage and collaborate with.

Explore the possibilities of what diversity and 100 per cent involvement could bring — how the benefits of a collaborative environment, one that is well-rounded, well influenced and well distributed, can widen perspective and create opportunities that have not as yet been tapped into.

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ABOUT JANINE
Sydney-based Janine Garner is an internationally-acclaimed entrepreneur and Fortune 500 mentor, keynote speaker and author. She is a partner at Thought Leaders Global, which helps clever people to become commercially smart, and the founder and CEO of the LBDGroup, a networking community that connects like-minded women together to help them achieve extraordinary growth.

Janine is passionate about bringing brilliant people together to achieve remarkable results through collaboration, connection and influential leadership. She is the author of It’s Who You Know: How a network of 12 key people can fast-track your success (Wiley 2017) and From Me To We: Why Commercial Collaboration Will Future Proof Business, Leaders and Personal Success (Wiley 2015). www.janinegarner.com.au

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