There are many factors that make a business successful, and great leadership is certainly one of those. And leaders of various organizations are always aiming to innovate in order to stay ahead of trends and create disruptions in the market, whether it’s through new technology, products or services. While this is important for a competitive business, leaders can’t solely rely on new technology and developments. In order to create an agile, motivated organization, they need to first establish an effective mindset. Here are five mindset shifts required by leaders, as outlined by Aaron Sachs and Anupam Kundu on the ThoughtWorks blog in a post titled The Unfinished Business of Organizational Transformation.
1. From profit to purpose – A focus on what problems the organization can solve for the customer, and whether they are actually doing (not just talking the talk). This mindset not only allows companies to define and understand useful measures of success, but also to ask deeper questions: are we providing value? Are we contributing to the world?
2. From hierarchies to networks – Breaking down traditional hierarchies and establishing workplace networks allows team members to collaborate which leads to innovation. When employees feel valued and useful, they’re more likely to be motivated and adaptable which in turn yields success for the entire organization.
3. From controlling to empowering – When employees feel empowered to make decisions, provide feedback and take action within an organization, they’re more likely to create value. When leaders invest in their team members through training, continued learning or career development programs, employees begin to feel empowered and organizations will thrive with innovation as a result.
4. From planning to experimentation – Experimentation is often the gap between opportunity and success, and it is the leader’s responsibility to take that risk and drive teams to test new ideas. Innovation is largely a result of experimentation.Without it, organizations cannot advance or transform and their business falls behind.
5. From privacy to transparency – Along the lines of opening up communication and breaking down traditional hierarchies, leaders must become transparent with their employees in order to move forward. This can be uncomfortable at times, but a responsive organization is one that can adapt and pivot based on data and (negative or positive) feedback.
In order to lead a team to its fullest potential, leaders need to recognize their own current mindsets and transform them accordingly. While we all fall in different places on the spectrum, the more we can lead employees to be adaptable, motivated team members, the more we can foster innovation and valuable technological advancements. Interested in learning more about how to build your leadership skills and develop the talent in your organization? Contact us today.