According to the president of the Asian Development Bank, Asia’s developing economies are still set for steady growth even in light of the concerns about a slowdown in the global economy. Developing Asia is projected to grow by 5.7 percent this year due to higher consumption and investment levels.
Our View: Managing economic and business growth is different today than it has been in the past. Managing growth in today’s volatile environment requires leaders to shorten their planning horizon. Strategy sessions need to include short-term, medium-term, and long-term discussions. The uncertainty today means leaders need to keep the dialogue around growth ongoing and at every stage, include plans for rapid responses to change. Further Reading >
Related AchieveForum Content: Leading in the Digital Matrix, Adaptive Planning, Adapting to Constant Change
Rarely do cyclones that originated in April make landfall in India, but in a rare exception, Cyclone Fani recently hit the city of Puri in Odisha bringing winds up to 200 kmph. Odisha’s government officials warned people that the cyclone was coming and to seek shelter via 2.6 million text messages, 43,000 volunteers, 1,000 emergency workers, television announcements, coastal sirens, buses, and police officers.
Our View: Leaders, and human resources leaders especially, can help make a difference in the success of their organization’s emergency notification system. Though it may seem obvious, it begins by making sure the emergency notification system exists. Then the quality of the system can be evaluated through practicing and running drills. Finally, employee notifications must be timely and accurate to keep them engaged. Facial Recognition Debate
People are concerned about the burgeoning facial recognition technology and the mistakes it makes. Despite concerns from researchers, advocates, and government officials, facial recognition is gaining momentum. Just in the last month, it’s been reported that U.S. intelligence wants to train AI systems on video footage of pedestrians who are unaware they’re being filmed, and the Metropolitan Transit Authority is trying to use facial recognition to detect criminals and terrorists driving across a New York bridge, even after failed tests.
Our View: Avoid adopting new technology just for the sake of adopting new technology. Take a more thoughtful approach and avoid common pitfalls by designating a digital champion. Your chief marketing officer may be an excellent fit for this role as they are usually well positioned to advocate and communicate for services and products. Involving marketing also creates a system of checks and balances to work in conjunction with your chief digital officer and chief technology officer. Building on Nelson Mandela’s Vision
South Africa’s President Cyril Ramaphosa worked closely with Nelson Mandela when South Africa had its first democratic elections in 1994. Twenty-five years later, Ramaphosa continues to work to build on Mandela’s vision. He addressed his country’s widespread poverty in a recent interview with TIME and explained how they must work to increase the population’s capabilities, both economically and educationally.
Our View: Leaders who inspire followers are effective, but leaders who inspire other leaders leave a lasting legacy. Build a culture of leadership by encouraging everyone on your team to act like a leader regardless of their current role. Understand that developing other leaders takes time. Patient and consistent development in your employees’ growth means that you need to allow them to make mistakes on their way to becoming a better leader. Leading for Resilience, Realizing Talent in Others, Developing Your Leadership Presence, Influencing Outcomes Through Others
Concorde supersonic airplanes developed back in 1969 have since been confined to museums due to unsustainable operating costs, and its competitors haven’t flourished due to technology challenges and lack of demand… until now. As the first supersonic transport aircraft in 50 years, AS2, Spike, and Boom could lead the way to efficient technology with benefits of speed without the cost to the environment.
Our View: The first next-generation supersonic commercial aircraft will certainly shape the future of aviation and may even change the world, making more places more accessible to more people. List ways in which your organization is improving itself, its industry, and its larger ecosystems (digital, political, environmental, economic, etc.). Evaluate if some of the improvements are in contradiction with each other and brainstorm ways to create more mutually beneficial solutions.