top leadership challenges 2018

Do these new challenges call for a new breed of leaders? Yes, there is a notable generational shift taking place in the workforce right now, but I am talking about the shift that requires that store clerk from earlier to actually decide if they want to give us a discount for that product we want to buy but found for 20% less at an online retailer on our smartphone. My forecasts come predominantly from two sources – from hundreds of conversations I have had with people in organizations this past year, all the way from senior executives to front-line workers, and from my ongoing perusal of a wide variety of publications and academic journals. The list is long, but today, I want to talk about the two that are impacting almost every leader in every company: While it isn’t easier, the impact of technology is the more straightforward of the two to address. How leaders can create a workplace that is free from sexual harassment, Lessons from the United debacle (or how not to destroy your brand), Due to technical reasons, we have temporarily removed commenting from our articles. 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Be proactive in setting goals, as well as establishing the timelines — and deadlines — necessary to keep yourself and your teams on track. But in 2018, I anticipate that attention to these five areas will gain the greatest momentum. If you're a leader who believes that time at the office proves a strong work ethic, then you may need to seriously question your point of view. Increasing Emphasis On Empathetic Leadership. As the last of the baby boomers move into their fifties and beyond, they're living longer, healthier lives, and that presents two challenges. This is already happening. The increasing profile of mental wellness. In many ways, Generation Z are similar to millennials, but most of their traits are further accentuated. The introduction of platforms such as Uber, Airbnb and even Amazon and Alibaba have disrupted, challenged, and in some cases, destroyed many businesses. The leader’s job today must be to ensure that employees are empowered to make decisions on the spot (without running them up the food chain) to meet customer needs and beat the competition. We hope to have this fixed soon. Fortunately, the taboo and negative stigma attached to mental illness continue to fade. Handling Conflicts And Managing Internal Politics. Here are my predictions for the top five employee-related trends in the upcoming year. In a world of disruptive digital business models, augmented workforces, flattened organizations, and an ongoing shift to team-based work practices, organizations are challenging their leaders to step up and show the … This loss of undocumented, intuitive experiential information about people, business processes and informal procedures can leave huge gaps in an organization's cumulative intelligence. We can compare the price of a product with other competitors across the globe while standing in the store, and if the store clerk won’t match a lower price, we can buy the product from another vendor. 2018 will see the decline (if not the end) of the heroic leader. Imagine that. Leaders today face new challenges due to the speed of technological, social, and economic change. Or else, watch while your best and brightest walk out the door … right over to your competition. This article was published more than 2 years ago. 1. Deloitte Services. And voice-enabled virtual assistants are already replacing entry-level positions in many organizations. Steve Jobs perfectly illustrated this point when he said: “It doesn't make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.”. Here are my predictions for the top five employee-related trends in the upcoming year. Leaders of technology teams have to understand that vision is what is most important. Artificial intelligence continues to transform the world around us, and the workplace is no exception. So much so that if your organization doesn't offer it as an option, at least periodically, it will put you at a competitive disadvantage when it comes to recruiting, hiring and keeping top performers. CEO of Executive Development Associates, C-Suite Coach, Author of "Leading with Vision", Keynote Speaker, Executive Development Expert, © 2020 Forbes Media LLC. It will also put many think tanks and researchers out of business. Globalization. Leaders must truly empower those closest to the work to make decisions and ensure that the employees are properly trained in preparation to do so. None of these five issues are new; in fact, they've been gradually gaining traction for the past several years. If your organization doesn't already have a system in place to offer mental wellness tools and resources to employees, then 2018 is the year you need to get on it. People need leadership. Is workplace loyalty dead in the age of the millennial? Staying Transparent. On the positive side, it will hopefully allow us to gather enough data to solve major world problems like cancer, pollution and hunger. Read our, ‘Frankly I like to surround myself with introverts that help me but they modulate my behaviour.’. The distractions that you face can make it easy to lose sight of long-term and even short-term goals. Although it’s challenging, it’s worth it. My hope is that this list will give you insights as to where you should focus and emphasize your energy and effort as you go boldly into the future.

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