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Shifting Mindsets: Leading with Vision

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Summary of Peter Fisk's workshop for executive leaders of SHC (the real estate development body of KSA), on 11 January 2021, exploring the challenges for leaders in imagining a better future - from strategic purpose and vision, through engagement and strategy, to transformation and impact. Includes examples from the changing world of real estate, including smart cities to home innovations (Singapore Smart Nation, Orascom smart villages, Amsterdam doughnut plan etc). More at theGeniusWorks.com

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Shifting Mindsets: Leading with Vision

  1. 1. Shifting Mindsets: Leading with Vision Leadership Development Program Session 1.1, 11 January 2021 Professor Peter Fisk, IE Business School
  2. 2. Objective: Shifting Mindsets Context NHC is a recently established government holding company, the investment arm of the KSA’s Ministry of Housing, with a strategy aligned with KSA’s Vision 2030 to “pioneer and enable the housing supply ecosystem to provide affordable housing to meet growing national demand”, working with private sector, and “providing added services and lean practices.” Objective The first module of the Leadership Development Program is called “Shifting Mindsets” and seeks to develop business leaders with a more strategic and commercial mindset, to see a bigger picture, to drive and sustain effective change, more customer centric, more creative and collaborative, more agile and empowering.
  3. 3. Background: Peter Fisk www.theGeniusWorks.com
  4. 4. Leadership in a changing world: fast, complex, and uncertain 1. Harnessing the megatrends, and seizing the opportunities of change • Insight 1: How Microsoft’s Satya Nadella “hit refresh” with a growth mindset • Tool 1: Growth Mindset 2. Exploring the future drivers of real estate, smart cities and communities • Insight 2: How Amsterdam is reimagining its city as a sustainable “doughnut” • Tool 2: Future Radar 3. Defining your strategic purpose, in a relevant way for customers and society • Insight 3: How Cemex found more purpose as “builders of communities” • Tool 3: Inspiring Purpose 4. Capturing the strategic vision as a purposeful, distinctive and inspiring story • Insight 4: How Elon Musk’s bigger vision aligns and inspires stakeholders • Tool 4: Strategic Storytelling 5. Leading transformational change that delivers real impact • Insight 5: How Orsted became the world’s most sustainable company • Tool 5: Transformation Roadmap Agenda: Leading with Vision
  5. 5. More change in the next 10 years than in the last 250 years and the next 100 years will be more like 20000 years
  6. 6. Tesla +787% to $669bn Zoom +413% to $96bn CrowdStrike +367% to $47bn Pinterest +291% to $41bn Twilio +279% to $51bn Sea +446% to $102bn Pinduoduo +396% to $218bn BYD +359% to $78bn Shanxi Xinghuacen +346% to $50bn LONGi Green Energy +296% to $53bn Adyen +189% to $71bn Vestas +142% to $48bn EDP Renewables +138% to $24bn Siemens Gamesa +132% to $28bn Zalando +125% to $28bn World’s fastest growing companies in 2020 N. America (red), Asia (yellow) and Europe (blue), by growth in market cap, to end of 2020, for companies over $2 billion © Peter Fisk 2021© Peter Fisk 2021Sources: Bloomberg, Financial Times, Refinitiv
  7. 7. What is leadership today?
  8. 8. Being creative, collaborative, courageous Jim Snabe, Siemens and Maersk
  9. 9. Creating better futures Making change happen Delivering positive impact • Inspiring • Courageous • Farsighted • Progressive • Curious • Imaginative • Adaptive • Entrepreneurial • Empathetic • Collaborative • Resilient • Impactful Increasing UNCERTAINTYThe New Leadership DNA
  10. 10. Ilkka Paananen, Supercell
  11. 11. Short-term Transactional Managing tasks Long-term Transformational Managing Portfolios Junior Leader Senior Leader Functional expert Business generalist Delivering results Optimising value creation Increasing UNCERTAINTYLeadership Transformation
  12. 12. 1: Harnessing the megatrends
  13. 13. Ageing world Cognitive Tech Dense Living Earth Renewal Booming Asia Increasing UNCERTAINTYHow will you embrace the megatrends? From young to old … 45% increase in over-60s by 2030 From automation to intelligence … 60% of jobs part-automated by 2030 From towns to megacities … 45 megacities, 33 of them in Asia From crisis to circularity … +35% food, +50% energy by 2030 From west to east … Asia’s $10 trillion new middle class
  14. 14. Example: $145bn disruption to financial servicesWhat does the mean for education? +genius A world of relentless changeAccelerating change
  15. 15. Accelerating change
  16. 16. Satya Nadella hits refresh
  17. 17. Tool 1: Leadership Mindset Fixed Mindset Growth Mindset
  18. 18. Satya Nadella hits refresh
  19. 19. Tool 1: Leadership Mindset
  20. 20. 2: Exploring the Future Drivers
  21. 21. The growth of smart cities
  22. 22. Hangzhou’s City Brain Amsterdam’s Smart Homes London’s Driverless Transport Cairo’s Refuse Sensors New York’s Free Wifi Copenhagen’s Bike Highways The growth of smart cities
  23. 23. Singapore’s smart nation
  24. 24. Singapore’s smart nation • Healthier citizens make healthier cities • A house with a heart is a home • Mobility is a shared community experience
  25. 25. Singapore’s smart nation
  26. 26. Singapore’s smart nation
  27. 27. Orascom’s smart villages
  28. 28. El Gouna, Red Sea, Egypt
  29. 29. Amsterdam “Doughnut” Plan
  30. 30. Amsterdam “Doughnut” Plan
  31. 31. Amsterdam “Doughnut” Plan
  32. 32. Technology Trends Social Trends Economic Trends Industry Trends Shorter-termLonger-term Shorter-term Longer-term Tool 2: Future Radar
  33. 33. 3: Defining your strategic purpose
  34. 34. Cemex’s purpose: it’s why
  35. 35. Increasing UNCERTAINTYCemex’s SDG-driven growth
  36. 36. Increasing UNCERTAINTYCreating more positive impact
  37. 37. +genius “We inspire every person and business on the planet to achieve more” “We accelerate the world’s transition to sustainable energy” “We add sparkle to people’s everyday lives” “We bring inspiration and innovation to every athlete in the world” “We create a better everyday life for people” “We inspire moments of optimism and happiness” “We empower people to stay a step ahead in life and in business” “We help the next generation of women to realise their potential” “We inspire and nurture the human spirit” “We make sustainable living commonplace” Why does your business exist?
  38. 38. +genius “We inspire every person and business on the planet to achieve more” “We accelerate the world’s transition to sustainable energy” “We add sparkle to people’s everyday lives” “We bring inspiration and innovation to every athlete in the world” “We create a better everyday life for people” “We inspire moments of optimism and happiness” “We empower people to stay a step ahead in life and in business” “We make sustainable living commonplace” “We help the next generation of women to realise their potential” “We inspire and nurture the human spirit” Why does your business exist?
  39. 39. Why? How? What? Tool 3: Defining a higher purpose
  40. 40. 4: Capturing the strategic vision
  41. 41. Elon Musk’s future vision
  42. 42. The future of civilisation
  43. 43. The future of clean energy
  44. 44. Situation Complication Question Answer In today’s world … People want … But they can’t … The problem is … What’s a better way …? How could we …? Imagine a future where … This is what we will do … Tool 4: Strategic Storytelling
  45. 45. 5: Leading transformational change
  46. 46. Increasing UNCERTAINTYOrsted’s shift to clean energy
  47. 47. Increasing UNCERTAINTYOrsted’s shift to clean energy
  48. 48. Increasing UNCERTAINTYLeading transformation
  49. 49. Tool 5: Transformational Roadmap
  50. 50. Tool 5: Transformational Roadmap
  51. 51. Shifting Mindsets: Leading with Vision
  52. 52. Leadership in a changing world: fast, complex, and uncertain 1. Harnessing the megatrends, and seizing the opportunities of change • Insight 1: How Microsoft’s Satya Nadella “hit refresh” with a growth mindset • Tool 1: Growth Mindset 2. Exploring the future drivers of real estate, smart cities and communities • Insight 2: How Amsterdam is reimagining its city as a sustainable “doughnut” • Tool 2: Future Radar 3. Defining your strategic purpose, in a relevant way for customers and society • Insight 3: How Cemex found more purpose as “builders of communities” • Tool 3: Inspiring Purpose 4. Capturing the strategic vision as a purposeful, distinctive and inspiring story • Insight 4: How Elon Musk’s bigger vision aligns and inspires stakeholders • Tool 4: Strategic Storytelling 5. Leading transformational change that delivers real impact • Insight 5: How Orsted became the world’s most sustainable company • Tool 5: Transformation Roadmap Agenda: Leading with Vision
  53. 53. Increasing UNCERTAINTYIncreasing UNCERTAINTYKorn Ferry’s leadership potential model
  54. 54. Creating better futures Making change happen Delivering positive impact • Inspiring • Courageous • Farsighted • Progressive • Curious • Imaginative • Adaptive • Entrepreneurial • Empathetic • Collaborative • Resilient • Impactful Increasing UNCERTAINTYThe New Leadership DNA
  55. 55. www.theGeniusWorks.com

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