“Requires many of the same tried-and-true management principles — or leadership qualities — that reigned 25, 50 or 100 years ago”
What does it take to lead an emerging digital enterprise? Sure, it takes tech savvy and openness to embrace cutting-edge technologies such as artificial intelligence and the Internet of Things. It certainly will pay to understand what blockchain and quantum computing can do for the business. People first, technology second.
But running a digital business that’s profitable also requires many of the same tried-and-true management principles — or leadership qualities — that reigned 25, 50 or 100 years ago. Skills that include communications and the ability to articulate a vision. The key is to blend the legacy skills with those of the digital era.
That’s the word from Gerald Kane of Boston College and Anh Nguyen Phillips of Deloitte, who has been overseeing an ongoing five-year study based on surveys of more than 20,000 business executives, managers, and analysts, conducted by Deloitte and MIT Sloan Management Review.
The most important skill, these days, cited by 22% of respondents, is a transformative vision, which includes “the ability to anticipate markets and trends, make savvy business decisions, and solve tough problems in turbulent times,” Kane and Phillips recently reported in MIT Sloan Management Review. The second most important […]