In my last post, we identified the 5 key changes happening across industries and around the globe that are impacting modern businesses and their leadership teams. Here, we'll continue the conversation by exploring the four main impacts those changing dynamics are having on these businesses and their workforces.
Constant Uncertainty
Executives, leaders, and team members alike are finding it harder to predict what will happen next. Plans that seemed solid a few months ago can suddenly feel out of date overnight.
Increased Pressure to Deliver Results Fast
With investors and boards demanding constant growth, professionals are pressured to make riskier decisions faster. This can lead to hasty choices that inevitably don’t achieve initial targets, and create new problems to make up for the shortages - a common cycle that accepted too quickly as ‘just the way it is.’
Limited Control and Clear Answers
It’s increasingly difficult to control or predict every outcome at scale. Many factors are outside anyone’s direct influence — market conditions, new technologies, global competitors, social movements. Decision-makers must learn to reliably navigate both short and long-term planning with increasing levels of agility to achieve optimal results.
Higher Stakes for Every Decision
A single miscalculation can cost a company dearly. While this has always been true to varying degrees, the compounding effects of these changing external dynamics raise the stakes across the already-thin line of of risk and demand. In this highly volatile environment, filled with historic events, traditional “best practices” may no longer be as relevant - or ‘best’. Leaders must find ways to act quickly, seize opportunities, and innovate while simultaneously managing resources and mitigating risk.
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