I was reading an article by Glenn Llopis, published by Forbes entitled 6 leadership failures that put your company at risk. In his first paragraph he writes about leadership not recognizing or capitalizing on the need for change in a rapidly evolving marketplace.
For fifteen years I have been interested in organisational development and specifically in the way in which an organisation adapts to meet it’s evolving future.
There are lots of examples of management thinking in this space, a favourite of mine being Porter's five forces. Michael Porter described how competing forces in a market suggest and dictate the strategy of an organisation. In the 1980’s Porter described, how the power of suppliers, customers, competitors, new entrants and imitators combine to produce specific strategic requirements in order for any organisation to survive, succeed and prosper.
“Hello, please come in. Take a seat. How are you today?” It often starts like this. “I wanted to thank you for all of your hard work, especially your contributions on the legislative burden, as you know, we are pretty stretched and the FCA keeps piling on new regulation.” Pause, do you know what is coming next? ” There’s a new requirement from the FCA, something to do with key decision-makers being qualified and their decisions audited and traced. The leadership team have discussed it and your name came up. You have been doing good things and we think it’s time you had an opportunity to shine. We need you to take a lead on this project.”