Technological advancements, an accelleration of globalization, demographic shifts and a host of other forces are changing the way the world does business. As organizations adapt and institutions evolve, so, too, must these organizations’ leaders. In a landmark leadership-foresight study, Hay Group has identified six important megatrends that will affect organizations, employees and managers during the next two decades and evaluated how leadership will have to evolve to harness the benefits and counter the effects of these trends.
Hay Group’s “Leadership 2030” research identifies six megatrends and looks at how they will affect leadership. The megatrends identified include globalization 2.0, climate change and environmental impacts, demographic change, individulization and value pluralism, digital lifestyle and work, and technology convergance. Through its research, Hay Group has found that these global megatrends will create significant new demands of leaders at the cognative, emotional and behavioural levels. Leaders will need to abandon much of the thinking and behavior that propoelled them to the top of their organizations; they will need to be adept conceptual and strategic thinkers, have deep integrity and intellectual openness, find new ways to create loyalty, lead increasingly diverse and idependent teams, and focus more than ever on collaboration.
The world is changing. In order for organizations to succeed in this new world, leaders will have to evolve. Hay Group can provide information on six megatrends that are changing the business world and discuss their organizational and leadership implications.