How can those at the top ensure they and their organizations are fit for the future? Perhaps the biggest challenge facing leaders today is to ensure they are capable of navigating themselves and their organizations through a complex and rapidly evolving future landscape. The reality is becoming clear, a good future focused leader has to have a “futurist mindset”.
This means being capable of looking 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. Our forthcoming guide for surviving and thriving at the helm of business, The Future Leader’s Handbook, is intended to help address these challenges in a highly practical manner. In this extract from the book, we highlight 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, an annual or bi-annual long-term planning exercise to guide strategic leadership just won’t cut it, when sectors are being disrupted on an almost quarterly basis. 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
Alongside learning and development, and managing your digital ecosystem, continuous scanning and evaluation of the future will be a critical core function for future proofed organizations. Like it or not, the 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. Well-known organizations that have created positions for in-house futurists include Google, Intel, Volkswagen, Hersheys, Ancestry.com, and even the City of New York.
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, Then Watch it Grow
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 trendspotter 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. Seek out diverse information sources and cultivate your findings on a link-sharing or social media page of your own. 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. Our thoughts and beliefs can become a prison which prevent us from exploring and making sense of the world that’s unfolding. 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 behaviors and stories around the organization. Who 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. From shareholders and stock analysts to customers, partners, and staff – they are all looking for tangible signs that we have real grasp of what’s on the horizon and the scenarios that could play out. These stakeholders want reassurance that our decision making is based on what’s next as well as what’s been.
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 the quirky habit of being a trendspotter, 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, which is to always look ahead. This capacity to learn about experiment into the emerging future is one of the critical traits that will distinguish the best performers from the “could try harders”.
Fast Future’s forthcoming book, The Future Leader’s Handbook – A Guide to Leading With Foresight, is a resource for those at the helm of business who want to use insights on what’s next to ensure better decision making today. The book explains how to apply futurist perspectives and applied foresight approaches to future proof decision making in business, government, NGOs, non-profits, and academia. The book lays the groundwork for understanding and acting on the critical trends, forces, ideas, developments, issues, and forecasts influencing the next decade. The Future Leader’s Handbook – A Guide to Leading With Foresight is aimed at professionals at the sharp end of decision making, who are preparing organizations, communities, and their own lives for the arrival of a future that does not resemble the past.
Who in your organization would you consider a genuinely future focused leader – what characteristics and behaviors distinguish them?
What are you and your organization doing to prepare yourselves and others in leadership positions to future proof the organization?
What sources do you rely on for insights about the emerging future, where might your blindspots be, and what actions can you take to broaden your scanning horizon?
By Rohit Talwar, Steve Wells, Alexandra Whittington and Helena Calle
About the authors
The authors are futurists with Fast Future – a professional foresight firm specializing in delivering keynote speeches, executive education, research, and consulting on the emerging future and the impacts of change for global clients. Fast Future publishes books from leading future thinkers around the world, exploring how developments such as AI, robotics, exponential technologies, and disruptive thinking could impact individuals, societies, businesses, and governments and create the trillion-dollar sectors of the future. Fast Future has a particular focus on ensuring these advances are harnessed to unleash individual potential and enable a very human future. See: www.fastfuture.com
Rohit Talwar is a global futurist, award-winning keynote speaker, author, and the CEO of Fast Future. His prime focus is on helping clients understand and shape the emerging future by putting people at the center of the agenda. Rohit is the co-author of Designing Your Future, lead editor and a contributing author for The Future of Business, and editor of Technology vs. Humanity. He is a co-editor and contributor for the recently published Beyond Genuine Stupidity – Ensuring AI Serves Humanity and The Future Reinvented – Reimagining Life, Society, and Business, and two forthcoming books – Unleashing Human Potential – The Future of AI in Business, and 50:50 – Scenarios for the Next 50 Years.
Steve Wells is an experienced strategist, keynote speaker, futures analyst, partnership working practitioner, and the COO of Fast Future. He has a particular interest in helping clients anticipate and respond to the disruptive bursts of technological possibility that are shaping the emerging future. Steve is a contributor to the recently published Beyond Genuine Stupidity – Ensuring AI Serves Humanity and The Future Reinvented – Reimagining Life, Society, and Business, co-editor of The Future of Business, and Technology vs. Humanity. He is a co-editor and contributor to two forthcoming books on Unleashing Human Potential – The Future of AI in Business, and 50:50 – Scenarios for the Next 50 Years.
Alexandra Whittington is a futurist, writer, Foresight Director of Fast Future, and a faculty member on the Futures program at the University of Houston. She has a particular expertise in future visioning and scenario planning. Alexandra is a contributor to The Future of Business, the recently published Beyond Genuine Stupidity – Ensuring AI Serves Humanity and The Future Reinvented – Reimagining Life, Society, and Business. She is also a co-editor and contributor for forthcoming books on Unleashing Human Potential – The Future of AI in Business, and 50:50 – Scenarios for the Next 50 Years.
Helena Calle is a researcher at Fast Future. She is a recent graduate from the MSc. program in Educational Neuroscience at Birkbeck, University of London, and has eight years of international experience as a teacher, teacher trainer, pedagogic coordinator, and education consultant. Helena coordinates Fast Futures’ growing research on the future of learning.