In this article, Maurice Duffy, blackswan CEO, looks at the current business environmental challenges, to suggest that the world of business is at a tipping point and unless business leaders adopt the appropriate strategies that will change their perilous course, the forecast is grim.
As the 3D Internet becomes more integrated with the current Web, we see users demanding more from these environments and desiring virtual worlds that are fit for business. Colin Parris, Vice President, Digital Convergence, IBM
By the end of 2011, 80 percent of active Internet users (and Fortune 500 enterprises) will have a “second life”, but not necessarily in Second Life, according to Gartner, Inc. The majority of active Internet users and major enterprises will find value in participating in this area in the coming years.
Based on this, there is the possibility of a new leadership paradigm and it is vital that we learn how to make it as accessible as possible.
However, here is a quote I came across from a couple of years ago that perhaps is more reflective of the virtual reality that many of our leadership community live in:
Today's top executives have developed a unique approach to leadership, and a richer and broader set of leadership skills than ever before. They are a new breed of champions, pioneers and change agents, with the courage and vision to power through challenges and spot new opportunities for success. Many are rewriting the rules of engagement in their industries. And some are redefining the perception of their companies by their involvement in the leadership discussion on socio-political issues such as education, health care, foreign policy and climate change. From a session at the 2007 Business Week 50 Forum: Pursuing High Performance.
Now I think you and I both know this is a huge extension of the truth as evidenced by recent events. So how have we got it so wrong? Is it ego? Is it economic conditions, bad luck or an inability and unwillingness to accept that perhaps the old ways are just not good enough?
When we examine the current spend on leadership education, we should be sacking our Learning and Training functions as this investment has resulted in so few capable leaders who can address the storms we face today.
The significant events which are occurring around us are shouting at me that I got it wrong and that we need to adopt much more radical and innovative ways to deal with this sea of change and to provide our leaders with the tools and solutions to lead, not the evolving business models, but the revolutionary and chaotic models that we need to transform into.
Today as we view businesses’ environmental challenges, we can realistically say that the world of business is at a tipping point and unless business leaders adopt the appropriate strategies that will change their perilous course, the forecast is grim. It is without doubt a time of great unpredictability and there will be winners and losers. The losers will be the ones whose leaders were grown to deal with choppy waters not tidal waves.