Navigating A Changing World: 10 Principles for Future Leaders

July 19, 2018

A good future focused leader has to have a ‘futurist mindset’.

 

This means being able to look over the horizon on a continuous basis and constantly adjusting our present-day actions in response to what we see.

It also means acting quickly in response to new opportunities and risks – trying rapid change experiments through which we can learn and evolve.

Here are 10 key principles for ensuring that we are leading into the future and not clinging on to the past:

 

1. Maintain a Constant Dialogue with Key Stakeholders

The leaders who are least surprised by the future tend be those with the broadest radar. They are always exploring both the issues of today and the factors that could shape and disrupt the future. They do their data gathering in the most natural way possible – by talking constantly to customers, prospects, suppliers, partners, shareholders, competitors, industry associations, business networks, advisors, industry analysts, commentators, journalists and – most importantly – their own staff. They probe for ideas and developments that could accelerate quickly and for weak signals of potentially big changes to come.

 

2. Continuous Foresight and Experimentation Cycles

The old planning model has been overturned. When sectors are being disrupted on an almost quarterly basis an annual or bi-annual long-term planning exercise to guide strategic leadership just won’t cut it. The emerging best practice model is to scan continuously – looking far, wide, and into the shadows for what might be coming towards us. These insights need to drive at least a twice-yearly update of scenarios of how our world might play out in the near, medium, and longer term. These scenarios and scanning insights should help us iterate our way towards the future using rapid idea testing experiments around possible new products and services, processes, channels to market, business models, and customer engagement approaches. The goal here is to help us learn key information rapidly, develop new knowledge and capabilities, fail fast when appropriate, and progress quickly.

 

3. Hire a Futurist

Like it or not, every organization needs constant prodding to ensure it is looking at new potential threats and opportunities early enough to address them before they create a crisis. Many leading companies are hiring futurists or directors of strategic foresight or other job titles that denote a role involved in continuously thinking about the future.

 

4. Define the Present Broadly

Study history and archaeology to cultivate and enhance understanding of time and progress. The best future leaders have a sense of context – a solid grasp of civilizational rise and collapse, failed societies, and gaps in the scientific understanding of the past. Consider future generations as stakeholders for whom you are accountable. Envision the great-grandparent holding the new-born baby, and all the past and future the image conveys: that is the present.

 

5. Learn Something New Every Day

Don’t leave scanning just to the futurists. Allocate at least a couple of hours a week to exploring what’s coming next. Good future leaders learn quickly to establish the habits of a trend spotter and seek out new information at every possible turn. Subscribe to newsletters, follow thought leaders on social media, join webinars, and work daily to widen your media diet to include information that broadens your mind. Watch and learn as your observations go from fringe to mainstream.

 

6. Let it Go!

Letting go of that which no longer serves us is critical to understanding and acting on the emerging future, and to appreciating and responding to the strategies and business models of new and existing competitors. Cherished assumptions and worldviews may need to be overturned, and long-held ideas and beliefs that have served us well may need to be retired. Also key here is acknowledging that our own ideas may not be the best ones for any given situation, and that they also have a limited time to be acted upon before they might be overtaken by developments in the world around us.

 

7. Shape a Forward-Looking Culture

Look at the dominant behaviours and stories around the organization. Whom do we make heroes of? Are we celebrating and rewarding those who scout out emerging change and seek to pioneer new ideas? How are we using public spaces – are staff surrounded by constantly changing images, icons, and questions of what’s next – or charts of past performance, safety notices, and policy statements? How is our appraisal and bonus system designed – are innovation and challenging the ‘system’ encouraged and rewarded?

 

8. Rebalance Technical and Soft Skills

If we accept that in the past our success as leaders has been based on our technical knowledge, then acknowledging the pace and scale of emerging change should lead us to conclude that softer skills will become increasingly important. Presuming that automation takes away the need from some technical know-how, perhaps future leaders will be required to demonstrate a tolerance of uncertainty, the ability to cope with complexity, to exhibit empathy within our organisations, and to value collaboration and relationship development.

 

9. Take a Sustainability Perspective

Sustainability has often been talked about in the context of the environment; climate change, wildlife protection, and natural resource consumption. Increasingly, we see organisations taking a much broader view of sustainability that incudes economy, business, and employment, eradicating inequality, developing ethical business practices, our communities and eco systems, education, and personal fulfilment. Perhaps we should be posing questions about how our businesses and our business practices support sustainability, rather than damaging it.

 

10. Define and Redefine Organizational Identity

Fluctuating conditions in the business environment impact organizations in different ways. Being attentive to unexpected shifts in society gives future leaders an innate sense for when company culture, identity, and values should evolve. A future leader inspires others with a consistently positive attitude towards change.

 

Never has it been more important for those leading organizations to demonstrate a deep understanding of the forces, trends, developments, and ideas that could shape the emerging future.

Of course, future thinking is not the sole domain of the executive team. Whether formally or informally, more individuals are stepping up to be future leaders in the workplace. Even without a futurist job title, plenty of professionals—including artists, educators and technology designers—are taking the future into their hands by building futurist principles into their professional repertoire.

A future leader is someone with quirky trend spotter habits, someone who brings people together around new ideas, and someone who remains attuned to unique connections between ideas.  Being a future leader is a learnable skill that enhances a highly innate tendency within the human spirit; to always look ahead. This capacity to learn about and experiment into the emerging future is one of the critical traits that will distinguish the best performers from the “could try harders”.

 

About the authors

Rohit Talwar, Steve Wells, Alexandra Whittington and Helena Calle are from Fast Future, which publishes books from future thinkers around the world exploring how developments such as AI, robotics and disruptive thinking could impact individuals, society and business and create new trillion-dollar sectors. The above principles are based on their forthcoming guide for surviving and thriving at the helm of business, The Future Leader’s Handbook. See: www.fastfuture.com

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