Are we consciously establishing institutional legacy through definitive Leadership Practices?
As 2014 draws to a close, the varied and myriad sets of experiences flash through the mind. As in any other period, 2014 has also been a combination of hits and misses – from regulation & policies, to market performance, to business models to the outreach / impact of social media amongst other defining attributes. It would be safe to say that the world is definitely in a different shape compared to where it was a year back.
In the last year, Corporations and Leaders have done reasonable well in terms of stitching together path breaking deals, making strategic acquisitions, growing topline/ bottomline performance and expanding market opportunities through new market entry. The global growth & consequentially the center of gravity seems to have definitely shifted towards Asia, while US continues to lead the way in terms of providing access to capital pools at a fast clip.
While technology permeation and business sentiment (at least in India) keeps growing by leaps and bounds, what has not significantly changed or shall I dare say improve, has been the overall emphasis on quality of Leadership. The innate obsession and focus on numbers as measure of business performance is deeply disturbing to say the least. While numbers are important in the context of ensuring viability of an enterprise, where we all have collectively failed is in understanding the deep imprint and impact that Leadership has on human relations, sustainability, long term value creation and designing enduring institutions.
Let me pose a few rudimentary but important questions we need to ask ourselves, before I get down to the Leadership Agenda in 2015.
- Do we as leaders understand our responsibility towards the larger community that extends beyond the immediate confines of our respective businesses?
- How do we make our Leadership engagement style more attuned to the current demographic realities?
- Do we as Leaders have the courage and conviction to take a mental deep dive and introspect to understand the impact our decision have on businesses and communities?
- Do we encourage our leaders to have a deeper connect and lead with their souls – being more human?
- Do we challenge conventional mindset of decomposed & fragmented approach to problem solving instead of a holistic & composite approach?
- Are we preparing our teams to embrace failures in pursuit of true innovation and disruptive thinking?
- Do we understand that what makes customer feel valued is not ‘customer centricity’ but a full on ‘customer engagement’?
Would encourage all of you to give the above careful thought and attention to understand centrality of issues affecting Leadership today across markets and geographies.
In my following post, I will share my Top 10 Leadership Agenda items which according to me could alter the leadership paradigm as we understand today.