How Do You In Cite A Book In Chicago Style Business Book Summary of Leadership 2030

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Business Book Summary of Leadership 2030

In Leadership 2030, Georg Vielmetter and Yvonne Sell provide an overview of the trends that are changing business, culture, and companies. According to research with the Hay Group, a global management company, they provide insight into six megatrends: the shift in economic power to Asia, the growing war on skills, environmental crisis, eroding customer and employee loyalty, melding of private and work life. , and technological convergence. The authors show how these personal changes require leadership to be enlightened with the skills to join the circle that is related to the participants. Gone are the days of egocentric, alpha-male leadership. To survive the megatrend storm leaders must give employees more freedom while finding ways to respond to the unique needs of each customer.

The authors explain that six major changes are afoot that will reshape the need for leadership going forward. Ranging from cultural change to environmental degradation, these “megatrends” will eliminate leaders who don’t change.

1. The world’s prosperity in the future will be more about the power shift to Asia than in the past. The growth of the middle class in many countries will create new opportunities, but also challenges as multinationals try to dominate the market in the region.

2. Climate change will cause shortages, forcing leaders to rethink their jobs.

3. Rising affluence will drive demand for customized products. Just as customers seek more personal experiences, so employees should not be limited by time and space.

4. The digital era will shift the power to customers and employees, away from traditional management models. Already, the digital world is blurring the line between personal and professional life, while making the organization transparent.

5. Older people tend to demotivate employees and require managers to protect workplace diversity.

6. Many technologies will converge to open new markets. Nanotechnology and biotechnology in particular will challenge leadership to invest in R & D programs and to respond to societal concerns.

Traditional, alpha-male leadership is not good for this new era. Instead, leaders should aim to be more “altrocentric,” supporting others as a way to support themselves and their organizations. Creating an altrocentric culture begins with leaders asking themselves questions about style and purpose. Are they:

• Open and curious?

• Is it possible to engage with colleagues to make a point rather than simply presenting an explanation?

• Are the places providing freedom around?

• People build integrity and managers of the organization’s reputation?

• Willing to cooperate with partners inside and outside of the company?

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