Digitization which is the cornerstone of the Fourth Industrial Revolution (also known as Industry 4.0) has an impact on all organizations across various sectors or industries. In each case, the impact is a different one which makes it essential for companies to have a good understanding and view of what they face and how digitization will affect their company: which opportunities can be seized and which threats have to be faced? (Bawany, 2019)
The impact of digital disruption has to be managed alongside the more general volatile, unpredictable, complex and ambiguous (VUCA) operating conditions of recent years (Bawany, 2016). An ability to calculate and manage/mitigate risk will, therefore, be another key requirement of leaders seeking to propel their organizations into the digital age. Navigating a course through these difficult conditions may also force leaders to look at their individual leadership style and decide whether it needs to be adjusted.
Leading in Fourth Industrial Revolution
The nextgen leaders operating in the Fourth Industrial Revolution or Industry 4.0 which represents the combination of Artificial Intelligence, Robotics, Cyber-Physical Systems, the Internet of Things, and the Internet of Systems, has resulted in the need for organizations globally to incorporate the next generation leadership competencies in order to address the development needs of their rising leaders. This expanded group of upcoming leaders need to have a broader skillset, one that equips them to think and act globally in a VUCA business environment.
Today, research has shown the importance of several leadership competencies that have been effective in transforming the nextgen leaders. These include cognitive readiness skills and emotional & social intelligence competencies which are crucial in leading the team and organization in a highly disruptive and increasingly VUCA-driven business environment which underpin the Industry 4.0.
About the Masterclass Series for Transforming NextGen Leaders
The Leadership 4.0 Masterclass Series is designed to provide CEOs, C-Suite Leaders as well Business and HR leaders with a platform to develop from being good to great. The programs incorporate a number of unique increase the font size of the text for the whole content. It is designed to provide CEOs, C-Suite Leaders as well Business and HR leaders with a platform to develop from being good to great. The programs incorporate a number of unique features and work on a number of levels. It is specifically aimed at enhancing and developing the skills, knowledge, and behaviors of the participants. The participants will develop their understanding of Leadership Effectiveness and how it will lead to a creation of a sustainable competitive advantage for their respective organizations through the development of an organisational climate that will contribute towards enhancing employee engagement and productivity.
The Program Directory for Leadership 4.0 Masterclass Series is available as a download here.