This was the third in the series of lectures. This class was taken by Prof. Anton Musgave. Sharing my class notes - Prof. is from South Africa and he started off with sharing his experiences in the current turnmoil the country is facing. More here. It was good to hear that he and his family was safe. Also, he shared how citizens came together to prevent spread of this outbreak by working with the govt. and offering a human shield to prevent further looting in the country. Since, this class was on leadership and strategy, he shared few quotes that I have taken note of - Never say 'empower your people'. Say 'unleash your people' Focus on taking away the obstacles Leaders need to design strategy, equip their team, define rules and step back Thinking about the future should be task of a leader Leaders are in the business of tomorrow Leaders have to deal with today but plan for the future Trends don't help forecast the future but Signals do.. What are signals? How to...
This was the third in the series of lectures. This class was taken by Prof. Anton Musgave.
Sharing my class notes -
Prof. is from South Africa and he started off with sharing his experiences in the current turnmoil the country is facing. More here. It was good to hear that he and his family was safe. Also, he shared how citizens came together to prevent spread of this outbreak by working with the govt. and offering a human shield to prevent further looting in the country.
Since, this class was on leadership and strategy, he shared few quotes that I have taken note of -
- Never say 'empower your people'. Say 'unleash your people'
- Focus on taking away the obstacles
- Leaders need to design strategy, equip their team, define rules and step back
- Thinking about the future should be task of a leader
- Leaders are in the business of tomorrow
- Leaders have to deal with today but plan for the future
- Trends don't help forecast the future but Signals do..
- What are signals? How to identify signals? How to bring signals back to your work?
- Leaders need to humanise the role of human in the society
- He shared an instance where students in the Netherlands are offered free tuition if they agree to help in old age home care. More here.
- If an egg is broken by outside force, life ends.. but.. if the same egg is broken by an inside force, life begins
- 'Strength of a relationship' is inversely proportional to the 'size of the ego' in the relationship
- SWOT analysis -
- useful for short term tactical marketing strategy
- not useful for long term future marketing strategy
- Leaders need massive courage and vulnerability - leaders need to stand infront of the team and ask for help.
- We need to think how vulnerable are leaders?
- How acceptable is vulnerability in our culture?
- Can leaders have all the answers?
- New form of leadership is -
- asking questions
- having fun conversations
- solving problems as team
- Leaders need to have 'Fragility'
- legacy = friction
- In post Covid scenario, can 20th century organisations, operating with 19th century mind sets solve 21st century challenges?
- Prof. drew our attention to how Covid has impacted market cap. of Zoom where Zoom's market cap. is greater than market cap. of all top airlines.
- More changes are expected in the next 20 years than that happened in the last 100 years
- Leaders should have unrelenting quest for excellence.
- Capitec, a bank in South Africa has been awarded the most innovative bank in South Africa. More in this HBR report. One of the lesser known reasons why they were successful is that over 70% of their employees came from hospitality sector instead of banking/financial services sector. Logic being hospitality sector focuses more on customer service and experience.
- New rules of the future will have unknown implications. And these implications would be of 1st, 2nd and 3rd order. eg. As autonomous (self-drive) vehicle get into mainstream, this will lead to -
- 1st order implication - Fewer accidents
- 2nd order implication - Fewer human deaths
- 3rd order implication - Fewer body organs available to donors
- To a question raised to the Prof - 'How to identify signals?', Prof. shared these -
- Talk to your children - what they listen to, where do they look for new things
- Observe behaviour of young people
- Start reading different things
- What Prof. meant by the above was, signals of tomorrow are a manifestation of today's generations' behaviour. The deeper you observe them, the better you will be able to decipher the future trends.
- He gave 2 book recommendations -
- Bezonomics -
- Losing my virginity -
- Leadership brains -
- Executive brain -
- Tasks
- Focussed
- Tiring
- Results
- Playful brain -
- Divergent
- Dots
- Fun
- Ideas
- Leaders need to be cognizant of the 'Business Tsunamis' - forces that would be shaping the future
- AI, Virtual reality, geo politics, block chain, autonomous vehicles, energy storage, genome sequencing etc.
- How to identify longevity of signals?
- Patent registration - heat map signals around these patents
- Check if these patents are connected to more patents
- What are the future industries that are growing and why are they growing?
- What will be abundant and scarce in future?
- Complexity will be abundant in future
- Simplicity and easy experience will be scarce in future
thanks for reading!
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