Part of the ALT (Adapt Learn Thrive) To Reboot Leadership Series
If you have worked with us before, you will know that at LGIT Smart Solutions we make meaning through delivering quality learning experiences that uplift and build profitable businesses and communities. So when South African trend and innovation strategist and Singularity University Faculty Member John Sanei published a book that promised to explain how to innovate your business so as to make a positive impact on millions if not billions of people, we were understandably interested to know more. In “What’s your moonshot”, Sanei throws out a critical challenge to us, and we have used it as a frame for this blog: Are you a victim or an architect of the future?
Moonshot, or 10x thinking, involves setting audacious goals. Moonshots drive the breakthroughs that signal the nascence of new industry leaders, as well as the demise of old industry stalwarts. New 10x thinkers cut down established traditional players through technological breakthroughs but also through business model shifts. In the case of Kodak, their moonshot of digital photography produced a 10x change that resulted in their own economic failure. The good news is that the future need not be a scary story. Continue reading
Getting to grips with the exponential impact of the Fourth Industrial Revolution, sooner rather than later, should be a priority for every leader no matter what business they are in. In our last post in the ALT to Reboot Leadership Series, we noted how cyber-physical systems, automation and the Internet of Things are combining to create exponential growth for businesses. Here is a bit more detail on the factors at play in a 4.0 system:
* People, devices, machines and sensors connect and communicate
* Virtual copies of the physical world are created, allowing for better contextualisation of information
* Technical assistance helps humans with decisions and tasks that are difficult or dangerous
* Autonomous decision making (decentralising decisions) starts with simple decisions being taken by cyber-physical systems.
The skills and experience to implement these systems are severely lacking. Organisations have what the World Economic Forum calls a ‘triple investment’ to make in reskilling: reskilling at-risk workers, upskilling the broader workforce and building structures for a learning organisation.
Given our focus in the leadership space, in this blog we wanted to lift out a set of requirements for leaders that resonate strongly for us, defined by Adjunct Professor of Organisational Behaviour at London Business School, Richard Jolly.
1. Communication – that is effective and authentic in a world of information overload and hype
2. Reflection – to pause and make sense of what sometimes seems like chaos around us, and to learn from what we observe so that we apply it to the next ‘round’ Continue reading
Have you ever been for a walk in the park and not turned around until you’ve had at least one novel idea? That’s what leadership expert Liz Wiseman does.
Luckily at LGIT Smart Solutions, our offices are located in the beautiful Woodlands Office Park in Johannesburg. So we regularly take a breather and refresh our mindsets with a stroll. What is of most importance to us, is what we do with those new ideas and how we lead others to own their new ideas and actions. If we want to solve real challenges at a scale that has significance, we have to move beyond ‘the brilliant idea of one person’. In her book Multipliers– how the best leaders make everyone smarter”, Liz talks about how to do just that.
According to Wiseman, you can choose to be a diminisher or a multiplier. The multiplier shows that others are important by listening, questioning, offering stretch and challenge, and then trusting enough to step out of the way and let action happen. They assume that people are smart enough to figure out what they need to do and they liberate them to get on with the doing (and learning), providing support on the sideline. In this way, the are ‘multiplying’. Continue reading
The following statement sounds incredibly much like common sense. Persistence and effort only deliver returns when we truly believe that we can make change happen. You have to be in it to win it. Your own assumptions about what you can achieve, also called your mindset, have profound implications on how you navigate your path and as a result how much you will flourish in the future. At LGIT Smart Solutions, we believe that as the Fourth Industrial Revolution rolls on, the right mindset will be critical for not being left behind. Let’s look at this concept of mindset in a bit more detail.
According to Dr Carol Dweck, a world-renowned Stanford University psychologist, there are two types of mindset. Each has the power to light up or disable the dreams and goals we set in life and at work. The first type of mindset is the fixed mindset. As the title implies, this mindset is shored up by a core belief that our abilities are relatively static and stable, and will not change significantly over time, no matter what we do. Abilities, talents and intelligences are all seen much like a hand that is ‘dealt’ in life. Achievements or right answers are proof of your talents. Failures show you up for what you lack. Because you don’t believe that you can change your hand much, ‘failures’ can have a crippling effect on the positive sense of self. The core belief ‘I cannot change anything’ may lead to a fear or avoidance of new experiences and risky situations. People with a fixed mindset may feel as though they constantly need to prove themselves to others. Continue reading