Is it difficult to predict the leadership skills in 2030? Yes, and a huge challenge. But the management consulting firm Hay Group and German futurists at Z-Punkt has identified six trends that will shape the kind of leaders companies will need in 16 years. The research, that became a book, can be bought on this link.
To know more about, read this Washington Post interview with Georg Vielmetter, Hay Group’s regional director of leadership and talent, and read the six points below – from the study:
1. Globalization 2.0
A new economic world order is emerging. Power is shifting to fast-developing markets in Asia (China in particular) and away from “old” economies. This will result in numerous opportunities and threats from highly localized market dynamics as a new middle class materializes in emerging markets.
2. Environmental crisis
Critical natural resources are becoming scarcer and climate change more threatening as a result of human activity. In the face of accelerating costs and social and market pressures, leaders will need to fundamentally rethink their operations if they are to continue to compete.
3. Individualization and value pluralism
Growing affluence in emerging markets will drive increasingly individualistic attitudes in more parts of the world. People will come to expect their individual needs to be catered to, as both customers and employees. This will create niche opportunities for customized offerings, greatly diversify the demands of employees, and require far greater sensitivity and agility from organizations.
4. The digital era
Living and working with digital technology is becoming the norm. Digital platforms are shifting power from organizations to consumers and employees—particularly younger “digital natives”—and breaking down old divisions between personal and professional life. This generates unprecedented transparency, which will oblige leaders to act with sincerity and authenticity or see their reputations plummet.
5. Demographic change
A burgeoning and rapidly aging world population will transform markets and place enormous pressure on social structures and welfare systems. This will result in a shrinking global workforce, sparking a war for talent among organizations on an unprecedented scale. Leaders will need to cope with the demands of an increasingly intergenerational workforce, in which each age group has vastly diverse attitudes and requirements.
6. Technological convergence
Scientific progress in fields such as nanotechnology and biotechnology will transform many areas of our lives, the greatest advances resulting from the combination of these technologies. This wave of innovation will create untold new product markets. It will also place huge demands on companies to stay ahead of the curve and to collaborate closely with competitors on complex R&D programs.
Too much reponsibility for one person? Imagine this reality will probably exists in 16 years – the same than today, but enlarged. If you want to be a leader of the future, work with transparency, maintain a productive team and recognize good examples now. Test Runrun.it for free: http://runrun.it
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