According to McKinsey, as recently as 10 years ago, CEOs and senior leaders typically focused on four or five critical issues at any point in time. Today, the number of critical issues competing for their attention is often double that.
And the issues are ever more complex. Once upon a time, leaders dealt with comparatively straightforward issues, such as business competitiveness and corporate strategy.
Today, an array of unprecedented challenges confronts them, ranging from wholly unpredictable geopolitical tensions to the technological disruptions wrought by new technology such as AI, and the need to manage a global workforce that has come to expect more autonomy, mobility and flexibility.
Adding to this is the urgent demand on companies to do their part to combat climate change. This means leaders must steer their organisations through the conflicting demands of stakeholders as they seek to reconcile long-term sustainability and day-to-day operational challenges.
A new breed of leader
What does this mean in terms of the profile of leader needed? Dr. Kathleen O’Connor, London Business School Clinical Professor of Organisational Behaviour and Faculty Director of Executive Education, says, “Our understanding of what it takes to lead well has changed dramatically in recent years. If the world is now BANI – brittle, anxious, non-linear, and incomprehensible – just think what that means for the people we lead.
“It’s no longer enough for leaders to manage operations and keep projects on track. Today’s leaders must help their teams face the real challenges of today’s workplace, with all its tensions and disruptions. People are looking for leaders who can see these pressures clearly and have the empathy, skills, and confidence to help them manage them.