Market Turbulence

For many people, the bad economic picture will not change soon enough. According to a USA Today/Gallup Poll, almost three-fourths of those surveyed don’t like what’s going on in the country. David Walker, the former chief of the Government Accountable Office, predicts a poorer America if the economic ship doesn’t change direction: “We’ve kicked the can down the road as far as we can. We are at the abyss.”

Market turbulence has overtaken our ability to realize the American Dream. This turbulence relates to the chaos that now plaques our financial institutions, wrecking havoc on our normalcy. With a weak job growth, many U.S. jobs will continue to be outsourced globally or automated through technology.

In fact, the government estimates that an additional 1.2 manufacturing jobs will disappear by 2018. In this economic downturn, many people are just happy to have a job. Yet, the hectic work environment creates severe consequences to today’s workers as well.  In our discussion, we will focus on market turbulence and how to leverage against it.

Market turbulence is transforming businesses across the globe.  International markets have been shaken.  It’s like riding first class on a cruise ship during a terrible hurricane. You have plenty of the creature comforts.

Yet, it doesn’t change your situation. You are in for a rough ride. Today, American businesses, like other nations, are on this rough ride. The hurricane is market turbulence. Stanley Gryskiewicz, author of Positive Turbulence, stresses the dangers of this rocky ride: “Turbulence is energic, forceful, catalytic, and unpredictable.” 

Many organizations do not understand what to do or how to survive it.  Stan Davis, author of Future Perfect, declares, “The external environment-technology, economy, society and so on—is changing so fast that businesses scurry to keep up. Organizations, however, simply cannot run that fast. So our organizations don’t change as fast as do the businesses that they are managing.”

Charles Handy, author of The Age of Unreason, argues “Discontinuous changes require discontinuous thinking. If the new way of doing things is going to be different from the old, not just an improvement on it, then we shall need to look at everything in a new way.”  Many managers brag about their extensive experience. 

Many managers brag about their extensive experience. However, in a market plagued by uncertainty, this experience works against traditionalists. Today change is rapid and unpredicted.  Loaded with their vast experience, managers can lead organizations into business despair. Given the large degree of uncertainty and unknowns, some organizations continue on the same path…to nowhere!

Innovative managers can leverage market turbulence to their advantage. Everywhere we look we see this disruptive change breaking down traditional thinking.  What worked yesterday, will fail today. The best companies know how to adapt to turbulence. While others downsize and contract their market efforts, great companies infuse their organizations with creativity and expand their operations, competing on their strengths. 

Management strategist Stanley Gryskiewicz argues that turbulence associated with change can be a positive force for innovation.  He recommendations four elements in taking advantage of turbulence, which are (a) difference (breaking out from the status quo, (b) multiple perspectives (inviting divergent viewpoints and nontraditional interpretations, (c) intensity (keeping the speed, volume, and force at an optimal level for change, and (d) receptivity (providing mechanisms for individuals to be able to thrive in turbulence.

Gary Hamel, author of Leading the Revolution, suggests “In the new industrial order, the battle lines don’t run between regions and countries…In a nonlinear world, only nonlinear ideas will create wealth.” Creative expert Michael Michalko argues that creativity:  is the answer for surviving market turbulence: “It is not a result of some easily learned magic trick or secret but a consequence of your intention to be creative and your determination to learn and use creativity.”  Yet, succeeding during market turbulence is no accident. In fact, organizations must be deliberate in creating sustainable performance during market turbulence.

How do organizations effectively implement nonlinear thinking to be successful during market turbulence?

 © 2010 by Daryl D. Green

Management Shift

With current changes in workforce demographics, operational managers need to build the right organizational culture to stimulate employee growth and performance. For decades, human resources experts have been proclaiming the massive exodus of retiring workers. This situation creates a huge human resource problem for most businesses.  

 Therefore, organizations need leaders who are attune to cultural changes in society that impact their processes as well as their employees. In this discussion, we will focus on the inherent leadership characteristics that managers need to posses in the new millennium.  Many managers do not follow culture shifts that impact their organizations. You can simply look at the Baby Boomers. Some individuals proudly note that the massive Baby Boomer departure, predicted by many experts, did not happen. Many managers have grown confident that their most experienced workers will not be leaving for a very long time.

 Of course, they hedge their bets that the economy will not rebound any time soon.  Yet, one thing is for certain. Baby Boomers will leave one way or another; every generation eventually must exit the workforce environment because man’s existence is finite.  Therefore, the Baby Boomer generation will be replaced.  Researcher Kerry Harding describes this new generation as the “Emergent Workforce,” which crosses age groups, gender, race, and geography. This generation is very concerned about their professional growth. With the advent of reengineering and outsourcing of jobs, many organizations have made it difficult for employees to consider their career development in any one organization.

 

In a hypercompetitive environment, some managers view their workers simply as a disposable workforce due to employees’ lack of organizational loyalty. However, in reality, what we are seeing are a new set of employee value systems taking place. In one workforce study, Emergent employees (88%) believed that loyalty is not related to employment length, while Traditional employees (94%) felt that loyalty was about the willingness to stay with an employer for the long term.

Therefore, managers must be able and willing to infuse organizational values into their workers. This process starts at the very beginning when prospective workers are in the initial hiring process. Usually, the selection of a new employee is both time consuming and labor intensive. Companies conduct a series of interviews to determine if a potential employee is the right fit.

Yet, managers must listen to what their employees are saying. Alan Murray, author of The Wallstreet Journal Essential Guide to Management, insist the bosses must think differently:  Managers will not be able to assume they know the answer-because more often than not, they won’t.” Murray argue, for the fully engagement of workers as well as other stakeholders.

In the 21st century, managers must consider adjusting to the changing culture. This process will help foster better management-labor relationships and stimulate employee personal growth. This starts in the hiring process, in the employee orientation process, and then in continual employee development. Organizations must be zealous in their approach of clearly stating their values and employees must clearly see that fact in the lives of their organizational leaders. If organizations continue to ignore these value issues, they may find themselves cleaning up their own business mess.

Furthermore, today’s employees want more than the status quo. In fact, individuals want help in discovering their career path and meaningful life. Labor intense workers are being replaced with knowledge workers and learning becomes part of an organization’s competitive advantage.

Gary Yukl, author of Leadership in Organizations, explains that the immediate supervisor has considerable influence over a person’s leadership development; however, many bosses fail to do the right things to facilitate growth in their employees. Therefore, today’s managers make shift their thinking if they want to increase workers’ performance.  

What are effective ways organizations get their managers to embrace the culture shift necessary to manage a 21st workforce?

  © 2010 by Daryl D. Green

Human Factor Buy-in

 

Steve Proud gets his biggest promotion as the latest senior executive to run this troubled business. With lots of talent and experience, the organization struggles to meet performance goals. Being on the fast-track, Steve quickly makes significant changes to impress the corporate board. He fires the old managers and surrounds himself with the better talent. His team rolls out a comprehensive strategic plan.

The corporate board starts seeing positive results.  However, things change within two years. Many employees view Steve as a ‘paper manager.’ Despite his ‘talk about empowering workers,’ his actions demonstrate he cares little about any worker’s opinions. Steve cannot understand why his strategy failed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

Most organizations move swiftly ahead reacting to market forces without truly empowering workers to make organizational decisions. Managers preach that employees are a critical asset to an organization’s bottom-line. However, few managers ever show it. Given that percept, we will discuss the final component of effective socio-technical systems. It is the human factor buy-in. Organizations must shift their paradigm to viewing workers as more than mechanical parts for their organizational objectives.

According to a USA Today poll, nearly half of those interviewed said that corporations can be trusted only a little, or not at all, when it involves looking out for the best interest of employees. Michael Hackman and Craig Johnson, authors of Leadership: A Communication Perspective, argue that a leader’s credibility is directly related to the quality of his relationship with followers.

Marios Katsioloudes, a researcher specializing in socio-technical analysis, explains that as profitability of mechanization increases, the importance of technology is implied while there is a devaluation of the workers. Clearly, U.S. businesses cannot point to the lack of employee performance for mismanagement errors.

Japan, a long-time benchmark for American companies, is being defeated by American employees. Today, the average U.S. worker puts in 36 more hours than Japanese workers (1,825 vs. 1,789). Over the last two decades, balancing work and home life have been difficult since Americans have added 200 hours to their annual work schedule.

Employees want to be valued. Felix Harris, a financial director with over 8 years in the banking industry, acknowledges the importance of people in a socio-technical system. He states, “When employees are appreciated, they work harder.  A machine is only as good as its operator.”  Jeffrey Pfeffer, author of The Human Equation, acknowledges that organizational success is directly related to implementation, and this capacity comes from the workers, how they are treated, their skills, and their efforts as it relates to the organization.

Managers should see followers as more than mechanical parts for their organizational objectives. Managers assume that giving employees new technology is enough to keep them happy. Likewise, leaders should view followers as vital components of the socio-technical system.

Today’s managers in technical organizations must understand the delicacy of balancing a socio-technical system. The recent mirage of culture changes such as outsourcing, scandals, and unethical dealings by both governmental and business senior managers have made American employees skeptical about the seriousness of organizations implementing corporate values into their workplace.

Furthermore, today’s executives are falling short in promoting the desired values to support socio-technical systems due to understanding the value of employee buy-in.

In fact, this insight would be valuable to any manager, trying to integrate the man – human interface mechanism. Understanding the uniqueness of the socio-technical system may increase leadership effectiveness and better management strategies for your organization.

How can organizations best gain employee buy-in when they possess less than a stellar track record of worker empowerment?  

 © 2010 by Daryl D. Green

Technology Relevancy

“The Cylons were created by man. They rebelled. They evolved. They look and feel human. Some are programmed to think they are human. There are many copies. And they have a plan.”
– Season 1 Opening Prologue

Battlestar Galatica, regardless of the series (1978 or 2003), provides a good platform for this technology discussion.  In this scenario, the creation (Cylons) turns on the creator (mankind). The Cylons were created to make life easier for humanity.  However, Cylons evolved into thinking beings  and rebelled against their intended use. Clearly, the inventors had created something without understanding unintended consequences in the socio-technical system. 

We now approach the 2nd critical element for effective socio-technical systems, which is technology relevancy.  Organizations rush to accelerate their products quicker to their customers. Under this umbrella, industrial designers seek to optimize three elements: (a) tools – involves the material infrastructures, (b) training – relates to human capital matters, and (c) time- considers setting realistic expectations in the operations.  Yet, organizations shouldn’t  ignore the significance of any soci-technical system integrations. In their article “The Relevancy of Concurrent Engineering in Industrial Technology Programs,” Dr. Radha Balamuralikrishna, Dr. Ragu Athinarayanan, and Dr. Xueshu Song analyze how organizations attempt to maximize operational efficiencies: “It is safe to assume that a hurried implementation of concurrent engineering without careful planning and investment of time has a high probability of backfiring.”

Organizations must understand that technology needs to be relevant as it relates to benefiting the whole socio-technical system. As an engineer, we are taught how to use theory in order to build, design, and operate technical systems, whether mechanical, digital, or otherwise. Sometimes this creates a technical superiority over the other components of this socio-technical system. Vince Adams, a technical manager, agrees, “Engineers are more concerned about the technical aspects of a system. This is what we are taught. Engineers do not want to deal with the social aspects.”

Organizations should gain input from employees to ensure that the organization has not only the best technology for its operations but the right technology.  This sharing of information can only come with mutual trust between leaders and follows.  

Gary Yukl, author of Leadership in Organizations, notes, “Empowerment is more feasible when there is a high level of mutual trust…Leaders can affect the psychological employment of followers in many ways, and participative leadership and delegation are only two of the relevant behaviors [4].” There have been numerous cases which show that organizations have purchased new technology to solve a problem or to become more efficient when a simple conversation with impacted employees would have produced better results at a lower cost. Therefore, organization should invest their time in identifying relevant technologies for their socio-technical system in a participatory manner.    

How do organizations ensure they are placing technologies in their operations that do not conflict or disrupt their processes?  When technologies are forced to be used due to external forces (i.e.  competitors, suppliers, etc.), what is the best process for introducing these changes to the workers?

 © 2010 by Daryl D. Green

Value Modeling

In the 1987 classic Movie Wallstreet, America witnessed a growing trend of the American Dream. Bud Fox (Charlie Sheen), a Wall Street stockbroker, wanted to get to the top at any cost. This short track path to riches led him to broker Gordon Gekko (Michael Douglas).  Gekka was shrewd and dangerous; his philosophy was built on “Greed is Good.” Fox soon became engulfed in the glamorous life of the powerful. But—it was at a high moral cost.

Scandals may drive media ratings and turn the trivial into the most critical. However, moral decay does not help companies compete or make society a better place. We’ve discussed the socio-technical system as it relates to global markets. In building effective socio-technical systems, one needs to focus on (a) value modeling, (b) technology relevancy, and (c) human factor buy-in. With the continual ethical failures of government officials and business executives on Wall Street, many workers view ethical policies of today’s organizations with some cynicism. Do you?

A high performing organization must model its values to both first line supervisors and managers in a socio-technical system. Many organizations expect employees to understand its culture, values, and principles by attending new employee orientation or by reading a company brochure. This is simply not going to happen.

Vince Adams, who has over 19 years as senior environmental manager, understands the delicacy of balancing a socio-technical system. Adams has extensive experience with both government and private organizations that are find themselves neglecting to outline and demonstrate their value systems to employees. Adams states, “Companies must build values into their employees so that employees know what the expectations are for that organization.”

James Kouzes and Barry Posner, authors of The Leadership Challenge, have researched over several thousand businesses and government executives and they outline setting the example as a critical attribute of effective leadership. Kouzes and Posner argue, “Once people are clear about the leader’s value, about their own values, and about shared values, they know what’s expected of them and can better handle the conflicting demands of work and personal affairs.”  Therefore, employees expect leaders in organizations to model the way in their organizations, and this is also true for socio-technical systems.

Is it possible for today’s managers to regain the confidence of workers on the ethical front? If so, how

© 2010 by Daryl D. Green

Socio-technical Systems in Global Markets

 

Another problem is presented. A worker gets injured on a subcontractor’s job. We gather around the table dish out the blame. Everyone wants to point fingers. The operations manager blames inadequate funding while the safety engineer cites an inadequate preplanning process. Nothing gets resolved. The issue rackets up for a senior management decision. There’s a meeting to discuss the matter.  Someone leads out and says what can be done to prevent this problem.

 Numerous technical recommendations are offered. Standing up, I state, “Why don’t we ask the workers about this problem? Let’s get them involved so that they can help find the solution.” The room gets quiet. Finally, one senior manager suggests that we should take money away from the subcontractor, buy new technology, and fire the worker’s supervisor. Everyone agrees. After dealing with this same problem every month, I was hoping for a different answer. I was disappointed again.

 Why do we see managers make the same mistakes over and over and never want the day-to-day workers involved in the process? Executives are then shocked when their employees don’t buy-in on their latest management initiative. One of the reasons organizations do not reach peak performance is because managers do not create socio-technical systems to support organizational values.  We will discuss the concept of building socio-technical systems in global markets.

With fierce global competition and a need for a market advantage, I found it surprising that managers move toward the quick fixes like downsizing for short-term gain without analyzing the organization over the long-term. I am not suggesting that this approach is easy; however, I am declaring that over the long haul an organization will be a stronger institution in the process.  First, the concept of a socio-technical system is defined by the interdependence of humans and machines that operate in harmonious fashion. Eric Trist (1909-1993), a renowned researcher, is considered the architect of socio-technical systems. Being of British origin, he was the leading authority in organizational development. His research engaged the workers as one of the critical components to successful operations in high performance organizations.

Researcher William Fox maintains that socio-technical systems effectively blend both the technical and social systems of an organization:These two aspects must be considered interdependently, because arrangements that are optimal for one may not be optimal for the other and trade-offs are often required. Thus, for effective organization design, there is need for both dual focus and joint optimization.”  Therefore, an environment is created where these working parts can co-exist in this industrial system. 

 Since the industrial age, researchers have recognized that both technical and social factors impact organizational performance. Daniel Wren, author of The Evolution of Management Thought, concludes that analyzing a social system gives management an avenue to measure conflict between the “logic of efficiency” demanded  by the formal organization and  the “logic by sentiments” by the informal organization. In profit hunting, many businesses lose focus of the importance of socio-technical systems. Given these precepts, the questions for most managers become how to use this scholarly perspective in the practitioner’s avenue where time is money and money is time.

For next few weeks, we will discuss three practical applications so that socio-technical systems within organizations can support organizational values. These critical supporting mechanisms include a) value modeling, b) technology relevancy, and c) human factor buy-in.  I pray that emerging leaders will understand the implications of this concept with America’s fight to compete in global markets.

How can today’s organizations implement the concept of socio-technical systems, thereby overcoming institutional barriers?

    © 2010 by Daryl D. Green

21st Century Job Strategies

 

Approximately, 15 million people are unemployed.  Simply put, landing a job today is an extreme uphill challenge, considering the large number of graduating students combined with the rising number of the unemployed. Currently, college graduates find themselves competing with other individuals who are more seasoned and experienced for basic entry level positions in their career field. Therefore, emerging  leaders need a different type of strategy during economic turbulence.

With the fierce competition for limited jobs, many students wonder if they will be able to land a good job in the marketplace.  I understand and see it when talking to my own students. Hope is not lost.  William Bailey and I spent several months researching strategies for current and future college graduates. The results were outlined in our new book, Job Strategies for the 21st Century.  We have found a huge disconnect between what organizations are desiring in potential employees and what today’s graduates are providing.

Economic troubles in our nation and abroad continue to create an unstable and unpredictable job market. Parents across this country tell their children “get a good education and you will get a good job.” However, in this economic rollercoaster, this is not always true. US manufacturing jobs continue to evaporate as global outsourcing becomes the norm for businesses that seek to increase their profits.

According to some business estimates, employers are expected to cut 2.7 million jobs in 2009 (2 million were cut in 2008). These glooming trends make it difficult for even college students to be optimistic. However, having a good plan can increase the odds for most students in landing a good job. Opportunities will present themselves in some form in the future. Therefore, college students need to be proactive about landing a job. 

Below are strategies for college students entering the job market in an economic down-turn: 

  1. Branding
  2. Communications
  3. Critical Thinking
  4. Current & well-versed
  5. Flexibility
  6. Global Citizen
  7. Job Homework
  8. Leadership
  9. Love & Passion
  10. Networking
  11. Opportunity
  12. Seasoned Worker
  13. Uniqueness

 Although many people are feeling very pessimistic about future career opportunities, hope is not lost if people are prepared for the future. Bestselling Sci-Fi author H.G. Wells explained, “’We were making the future,’ he said, and hardly any of us troubled to think what future we were making. And here it is’.”  By taking control of the career strategy, college graduates can make a positive step in navigating these difficult economic times and landing their future jobs.

 © 2010 by Daryl D. Green

Model the Way

World hurdler, Jackie Coward (University of Central Florida, West alumni)

Track does not lie. Watching our children compete with the Knoxville Track Club, I learned this important lesson. An athlete needs to have substance, and coaches need to be proficient in their strategies.  All the smoke and mirrors in the world will not change an individual’s time or measurement.

Likewise, leaders emerge and falter by the examples they set before the team. Jim Kouzes and Barry Posner, authors of The Leadership Challenge, evaluated over hundreds of high performance organizations to determine how they were successful. One of the ingredients was managers ‘model the way.’ In fact, leaders set the right example. I saw this example symbolized in two athletes at West High School.

The West High School Track Team has built a solid name for itself, with All-American hurdler Jackie Coward at the helm.  While many people around the area figured West would faded into the wilderness with the graduation of Coward, West got better by creating a talented and deep squad.  Coach Mike Crocket and Coach Greg Allen led a group of young and gifted athletes who were inspired to compete for a state champion. Over the last decade, the girls track team has been pretty amazing: 2006 AAA State Champion, 2007 AAA State Runner-up, 2008 Champion, 2009 AAA State Runner-up and 2010 AAA State Champion. Yet, I attribute their success this year to the two team captains, Aurielle Sherrod and Patavia Lowery.

Aurielle Sherrod, Prepxtra Track & Field Female Athlete of the Year

Going into her senior year, Aurielle was one of the top sprinters in the state. In the early track season, she got a hamstring injury: “I knew it was really bad.” It would hamper her all season. In fact, it was questionable how she would perform at state with little practice. The critics were wrong. Aurielle won the 100 and finished seconded in the 200 meters. She also led the Lady Rebels to wins in the 4 x 100 relay and a second place finish in the 4 x 200 relay. She refused to let her setback prevent her from success. She was voted the Prepxtra Female Track Athlete of the Year. With a 3.9 GPA in high school, Aurielle heads to University of Alabama – Birmingham on an academic scholarship.

Patavia Lowery, Knoxville Sports Hall of Fame’s Female Athlete of the Year

Patavia could be the mascot for overachievers.  Since 7 years old, she competed with the Knoxville Track Club and has been characterized by her hard work ethics.  Entering high school, her goal was to make it to state. Unfortunately, things didn’t happen as quickly. It would take her junior year to make it there. Loaded with a host of unproven talent, West High was looking for something special. At state, Patavia won the 800 meters, anchored a bronze finish in the 4 x 800, and helped provide West with another dominated performance and its 3rd State Championship. At the annual Knoxville Sports Hall of Fame Banquet on August 5th, she was selected as one of the Knoxville Sports Hall of Fame’s Athlete of the Year.  Patavia will be joining South Carolina State University on a full track scholarship and will bring her Tennessee work ethic to this program. Clearly, these ladies set the example for excellent at West. The team responded.

Sadly, many managers are unable to inspire today’s workforce toward greater performance. Manager guru Peter Drucker argued for several decades that managers must understand their employees as well as their customers. Few executives listened. Drucker concluded, “Business tends to drift from leadership to mediocrity. And the mediocre is three-quarters down the road to being marginal.” Yet, emerging leaders need to know how to rekindle such emotions in the workplace. Setting an example is one of these keys.

 How do leaders foster the proper examples in organizations?

 © 2010 by Daryl D. Green

The Heart of Motivating Workers

 

Last week, my class startled me with questions that required my introspection. “Dr. Green, what motivates you to do the things that you do?” Of course, it wasn’t out of order since we were discussing how managers can motivate followers. It made me ponder for a moment.  What does any high performing person want from a career?

Each person has their own motivation. Joan Liebler and Charles McConnell, authors of Management Principles for Health Professionals, argue that managers must motivate workers in order to get work done efficiently and effectively. The authors further insist it is critical for ‘adaptation to organizational demands.’ It is clearly most organizations cannot handle disruptive change.

Yet, the issue is…most managers don’t know how to accomplish motivating workers. In the book Contemporary Management, Gareth Jones and Jennifer George make the case that understanding motivation is important for managers because it ‘explains why people behave the way they do in organizations.’

I argue that individuals are motivated from within. At the heart of the matter, workers must see the need for an action in order to wholeheartedly accept it in organizations. Yes, yes, people love a handsome salary. However, is it enough to create extraordinary and sustainable performance over the long-term?  I think not! 

According to the Conference Board research group, only 45% of Americans are satisfied with their work. This situation fosters an environment of emotionally drained folks. With spirituality on the forefront, most high performers are motivated by more than extrinsic rewards.

Knowledge workers want more. In fact, this new attitude may result in more people taking control of their careers and becoming entrepreneurs in the future. Mari Alboher, author of One Person, Multiple Careers, maintains it is possible to work one’s daily routine while engaged in his or her dream job. She calls this process slashing. Slashing involves pursuing multiple vocations instead of just one.

Individuals, like Leonardo da Vinci excelled in a variety of areas without sacrificing anything.  Alboher notes, “Pursuing multiple vocations is by no means new…What’s new is that huge swaths of the population are being swept up in ‘The Slash Effect’ – creating personalized careers that can only be described with the use of slashes.”

Pop culture promotes this hunger in the workplace. In the past, workers were content to have a good job. But today—what individual is motivated by an uninspiring boss and a boring job? Postmodernism speaks to this culture shift. While modernists place man at the center of reality through utilizing science, postmodernists, who place no one at the center of reality, has no core explanation of life. Some experts characterize by several attributes: (a) there is the denial of absolute truth, (b) all facts are not hard facts, (c) meanings are through the interpreter rather than the text, (d) climate of cynicism/pessimism, and (e) advocacy of understanding through a local community setting. Therefore, it is clear that postmodernism provides an opportunity for value conflicts in traditional organizations.

Unfortunately, many managers do not want to understand how to inspire their workforce unless it is a simple solution. Therefore, some workers who are unhappy with their situation try to conceal their discontent and provide mediocre performance.

What can managers do to inspire postmodern workers to greater performance? 

© 2010 by Daryl D. Green

Catch the Global Wave

What does the future hold?  I can’t be certainty. However, I do know leaders must be courageous, adaptable, and communicators for their followers. Many people fear the future and change. With globalization connected to America’s future, leaders need to also consider a worldview. Stewart Black, Allen Morrison, and Hal Gregersen, authors of Global Explorers, maintain that exemplar global leaders possess a keen interest in global business.

 Furthermore, business savvy becomes the word of the day because people must think globally and adjust activities on the local level as well as satisfying customers at all levels. Inquisitive person are also valuable on a global front because they are curious in the face of uncertainty.

Management strategists view these cultural shifts like movements of waves in an ocean.  Each successive wave of technology brings with it a corresponding value shift. Sadly, new technologies can bring giant leaps in productivity while expanding the moral decay of mankind.  For example, the Industrial Era ushered in a period of materialism, self-sufficiency, and the supremacy of man.

Currently, organizations are witnessing the explosion of information, advancement of communication technology, globalization, and the rising of knowledge workers. Globalization can even shift behavior. In the movie Slumdog Millionaire, 18-year old Jamal Malik is a slave to cultural trends. The movie demonstrated the impacts of globalization on diverse cultures in the world.

Herman Maynard and Susan Mehrtens, authors of The Fourth Wave: Business in the 21st century, suggest the following emerging trends: (a) shift in consciousness, (b) disenchantment with science, (c) inner sources of power, (d) spiritualization of humanity (e) anti-materialism (f) political and economic democratization, and (g) global unification

 Furthermore, today’s existent represents an integration of all dimensions of life and responsibility for all individuals in globalization; it also promotes the unification of the human race. If today’s organizations want to be competitive in the international market, they must learn to active survey the world that is around them. Therefore, modern leaders cannot afford to miss interpret the trends in this global market.

 What are some trends in your industry and how will it impact society?

 © 2010 by Daryl D. Green