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Whether leaders are prepared for it or not, workplace cultures across industries are changing at an accelerated pace. The pillars of the traditional hierarchical thinking are crumbling thanks to rapidly advancing technology, the rising power of social networks and, above all, a dramatic shift in global demographics. As a result, organizations are shifting focus from process to people by developing a culture of intrapreneurs. Skilled talent has always been in demand, but a new era of global competition is driving the desire for labour pool alignment to unprecedented levels. Today’s corporations must outperform if they want to thrive and not just survive, and the litmus test will be how well they unlock the power and passion of their workforce to innovate, create value, and attract top line growth in expanding markets. For the past two years we’ve gathered research insights from our clients and by contacting 50 leaders in global organizations spanning four continents. Our objective was to capture their views on systemic corporate challenges and to consider their ideas on the most effective management models needed to successfully lead people in the 21st century. Our research uncovered three critical issues: 1..Need for purpose and meaning: There are five generations of employees in the workforce and each has diverse skills, expectations and professional career experiences. What they have in common, however, is a desire to connect their passion and purpose with meaningful work. 2.Increasing complexity: Global leaders are finding it challenging to manage increased complexity by exclusively relying on financial…
In today’s multi-complex business environment where shortened product life cycles and strategic forecasting have taken on a whole new level of meaning, the ability to adjust and adapt one’s leadership style has become a necessity for both individual and organizational survival.  From our research, which includes direct contact with 50 individuals in global organizations spanning four continents, we’ve learned that a systemic and recurring corporate challenge is to identify individuals who have developed sufficient self-awareness to successfully lead teams through exceptional change.  In this article, we discuss five global trends influencing deep organizational change and how to leverage these trends to drive market leadership.   Global Trend 1:  Population Growth Rate According to the World Fact Book, the global population is 7.1 billion, the current growth rate is 1.14% and estimated to be less than 1% per year by 2020. Why is this important? Population growth rate plays a significant role in determining the burden imposed on a country by the changing needs of its people for infrastructure, resources, and jobs. Awareness of these trends, and the rapid transformation in global labor supply, enables the astute global business leader to anticipate the impending pressure that will be placed upon their organization to design sustainable frameworks for attracting, developing, and inspiring a non-traditional workforce. Global Trend 2:  Shifting Demographics According to Dan Schawbel, Managing Partner of Millennial Branding, demographic changes are shifting at an accelerating pace with five generations currently in the workforce and 75% of the global labor supply estimated…
In this article, our objective is to answer two fundamental questions; “Who we are?” and “Why are we here?” LeaderBoom is a results-oriented firm that provides multi-cultural and multi-generational leadership and development training to emerging global business leaders. We do this by using interactive tools and proprietary learning products in the form of seminars, workshops, speeches, teleseminars, webinars, corporate consulting and one-on-one business coaching and mentoring services. From our research, which includes direct contact with 50 individuals in global organizations spanning 4 continents, we’ve learned the dominating trends in the Leadership Training and Development Industry for 2013 are being influenced by two primary factors: The globalization and interconnectivity of businesses through internet technology The increasing volatility of employment due to the growing pool of multi-cultural and multi-generational qualified candidates that have emerged as a result of increased globalization and a rise in populations. Why is this important to you? If you have a global organization, or work in one, chances are you’re feeling pressure to balance the demands from your market and employees that simultaneously span a multitude of cultures and generations in a way that is in line with executing company goals. At LeaderBoom, we recognize this can only be achieved through effective management of the business that involves improved understanding of learning, values and the communication styles of different cultures and generations. According to author, researcher and speaker, Dan Schawbel, the Millennial Generation will make up more than 75 percent of the workforce by 2025. This compelling statistic…
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