In the News
May 30, 2023
New research from McKinsey & Company highlights the need for new styles of management in order to navigate the challenges facing modern organizations.
The experts argue that traditional hierarchical structures and “command-and-control” leadership styles are no longer effective in today’s complex and rapidly changing business environment. Instead, here’s what they suggest:
A new approach: collaboration, inclusion, and purpose
McKinsey says that successful leaders must adopt a more adaptive and inclusive approach that empowers their teams to make decisions and drive innovation. This requires a shift away from a focus on individual performance towards a more collaborative and team-based culture. Leaders must also be able to navigate uncertainty and ambiguity with agility, and prioritize emotional intelligence to build strong relationships with their teams.
The authors propose several strategies to develop this new style of management, including creating a culture of continuous learning and feedback, fostering diversity and inclusion, and embracing new technologies to enhance collaboration and innovation.
Leaders must evolve beyond being managers seeking incremental improvement to become visionaries with the courage to craft a resonant purpose and boldly imagine and pursue the future.
–MCKINSEY & CO.
At Traliant, we believe inclusive management and leadership is a critical component of creating a more inclusive work environment. That’s because, for workers, managers are universally known as the face of the organization. They lead teams, serve as a conduit to leadership—and have a pivotal role that can make or break the relationship between employees and their organization.
McKinsey’s research also emphasizes the importance of creating a strong sense of purpose and values that align with the broader societal goals of sustainability and social responsibility.
Ultimately, the article provides valuable insights for leaders looking to adapt to the changing demands of modern organizations and build thriving teams that can thrive in the face of uncertainty and complexity.
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By
Veronica Bocian