Using data from its 50 million job postings, ZipRecruiter published a report on artificial intelligence that offered a positive outlook for employment, job satisfaction, and productivity. The key findings were that AI created three times as many jobs as it destroyed in 2018, and even though AI will reduce employment in some industries, employers across multiple industries are already offering more on-the-job training in anticipation of the future job market.
Our View: While current research suggests that the employment effects of AI in the near-term will not be significantly more disruptive than prior impacts of automation, leaders are still tasked with the responsibility to prepare their workforce for upcoming changes. As things move at a quicker pace with greater complexity and uncertainty, it becomes increasingly important for leaders to build trust and resilience. When leaders promote a “fail fast” culture that embraces experimentation, they are better equipped to adjust to change. Further Reading
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The sense of wonder in the presence of something vast that transcends our understanding of the world can be described as awe. Nature, art, music, and religion can inspire awe, and new research indicates that inducing a sense of awe in people can promote positive social behavior, including altruism.
Our View: Awe inspires people to think outside themselves and prioritize collective good over strictly individual self-interest. A research field called “effective altruism” is emerging to help individuals identify and take concrete actions to address the world’s most pressing problems. These ideas translate to the daily workplace as well. When leaders communicate a greater purpose, they can inspire awe, compassion, and teamwork. Further Reading
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Boeing and Kitty Hawk Corporation are partnering to improve urban air mobility and safety, including improvements in how people, goods, and ideas will be transported in the future. The partnership will help Boeing keep its competitive advantage on other companies like Airbus. Kitty Hawk is an electric transportation solutions company, and they also have a partnership with Air New Zealand to potentially develop an air taxi service.
Our View: Navigating your company’s competitive landscape begins with understanding your industry’s terrain. Look for key drivers in the domains of government, business, and technology. When proactively responding to certain competitive drivers seems beyond your organization’s control, ask questions like “What would change our ability to influence this situation?” and “Who can we partner with for co-creation?” Further Reading
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American tennis prodigy Cori “Coco” Gauff started Wimbledon this year as the youngest player (15 years old) in the Open era to advance through qualifying to reach Wimbledon’s main draw. She played Venus Williams in the first round at this year’s Wimbledon and won the match. She continued to advance and beat Polona Hercog in the next round, but her winning streak ended with her match against former world number one Simona Halep.
Our View: Losing graciously can be challenging for leaders, but when leaders handle disappointment, loss, and failure appropriately, they not only create better outcomes for themselves and their organization, they also set an example for others. Further Reading
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Shows such as Big Little Lies are elevating TV to film standards. Film have often been categorized as a higher art form than TV, but superb acting, audiovisual creativity and effects, and an influx of funds are evolving today’s television landscape. Streaming is also changing the way we consume television and consume storytelling more generally.
Our View: Marketing leaders have used stories as a way to engage consumers, but storytelling today has broader applications beyond branding. “Storytelling has become a top-of-mind issue in recent times, as technology has democratized the power to share our stories with the world. The fact that it continues to be a pressing issue in today’s age of collaborative commerce is no surprise. What is, however, is the attention it is finally getting as a business competency that drives emotional engagement and resulting enhanced business performance,” explains Billee Howard, founder and Chief Engagement Officer of Brandthropologie. Use narratives to convey your most important messages. Further Reading
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