The 21 Century’s business environment is characterized by increasing complexity, disordered, intense competition, the rapid pace of changes, high levels of disruption, and, above all, a 24/7 “always connected” culture. The confluence of all these factors makes chaos inevitable in such a setting.
If they want to see their organization thrive, and, survive, leaders and managers need to learn to deal with chaos and embrace complexity. All the talk about adaptable organizational structures is primarily to address the constantly changing business environment in which leaders and organizations must be flexible to capitalize on opportunities. Building Great Businesses is a business club Sydney that helps you to grow your business.
Indeed, because the only constant in life is change and uncertainty is the only certainty, chaos has become an integral part of every manager’s and leader’s life. Consider, for instance, the fates and potential futures of the many travel companies and taxi services that were affected by competition.
Traditional car company managers and leaders have to be able to adapt to technology-driven solutions.
The fact that traditional cab companies have become like “Deer who have been blinded in front of the lights” indicates that they were not equipped to handle the uncertainty of the emerging collaborative economy. Smartphone-based apps are unleashing “latent and powerful” forces of “creative ruin” that have transformed the marketplace.
Market Leaders Still Fail
Anyone can now design an app, regardless of where they live. The result is that there are no guarantees that the business will last. Technology and globalization are creating forces that make everyone vulnerable to being “tossed under technological change”, and therefore, even companies like Uber which are leaders in their industry spaces cannot afford to be complacent.
The Nervousness In The Leader
Managers and leaders are now faced with a “nervous” business environment that makes it difficult to relax and enjoy a slow pace.
For example, the majority of workers now begin their day with the most current updates about their interests. Business leaders, on the other hand, are mostly concerned with stock updates, market movement, and any developments in their industries.
Everything Happens At The Same Time
Leaders may have to deal in the morning with unrest in labour markets in faraway countries.
Think about what would happen if these events all happened at once. If you put yourself in charge of a business leader, you will quickly see how hectic life can be.
One of the most important pieces of advice business leaders offer to graduate students these days is to develop focus and concentration. This would allow them to “filter away noise” and ” keep their focus on what is vital and needed” while also ensuring that they don’t get distracted by the rush of events and chaotic trends that can demand creative solutions.
It may seem obvious to anyone reading this who is interested in working in the corporate world, or who has been there. But, remember that it’s one thing for you to observe these events objectively and quite another to take the “hot seats” in the midst.
The most successful people are those with a “firm grip over the present, solid understanding of past events, and a vision forward.” This means they can see behind and look ahead to ensure they do not “thrive through the chaos.”