Question:
Background
Covid-19 has been a catalyst for massive disruptive change in a timeframe unforeseen and unexpected, but not necessarily, unanticipated. We are in a liminal period [space] a time between the known past the what was and an unknown future, the next. We know what the past was, but are unsure what the future will be. It is a time for research, reflection, thinking and consideration as we prepare to embrace an unknown future. We are unsure, uncertain and perhaps a little apprehensive of the future. However, change is required.
What worked in the past is unlikely to be [as] appropriate in the new normal, if indeed, there is a new normal. Therefore, past norms, behaviours, principles and practices are unlikely to be as effective or relevant in a future un-anticipated just a short time ago. Leadership change is required and necessary.
Context
You are a leadership consultantacting for an industry peak body. What is a peak body? A peak body is an Australian term for an advocacy group or trade association, an association of industries or groups with allied interests. They are generally established for the purposes of developing standards and processes, or to act on behalf of all members when lobbying government or promoting the interests of the members. You will be preparing a briefing paper for the peak body.
Assessment Requirements
Follow the sequence to ensure all requirements are completed.
Identify an industry that you are interested in the industry in which you intend developing a career (your chosen industry). What is an industry?
Industry refers to a specific group of companies or businesses. Industry describes a group of companies that operate in the same segment of the economy or share a similar business type.
Industry examples:
19 Types of Business industries: https://www.marketing91.com/19-types-of-business-industries/#:~:text=Music%20industry%20one%20among%20the%20many%20types%20of,when%20people%20used%20to%20buy%20CDs%20and%20DVDs.
30+ Types of Industry: https://simplicable.com/new/industries
Read the article, Dewar, C., et al, (2020) The CEO moment: Leadership for a new era, McKinsey Quarterly, Jul 2020. The article explores four shifts of how CEOs are leading that are also better ways to lead a company.
The four shifts discussed in the article are:
Aspire 10x higher
Elevate to be to the same level as to do
Fully embrace stakeholder capitalism
Harness the real power of peer networks
Whilst these changes have been fast-tracked due to the Covid-19 pandemic, in all probability, they would have occurred at some future point.
Scan your chosen industryfor evidence of the shifts.
Read Raelin, J.A. (2020) Toward a methodology for studying leadership-as-practice, Leadership 16(4) 450-508. In particular, note and consider the highlighted text.
Raelin suggests that leadership, now and in the future, will need to be different to the past.
Reflect on the implications of LAP for leadership in your chosen industry.
Prepare a briefing paperfor the chairperson of the peak body. The briefing paper is to deliver the following:
Provides a concise industry background
Outlines the implications of the four shifts for your chosen industry.
Outlines the implications of LAP for leadership in your chosen industry.
Makes specific recommendations regarding leadership in the industry. Note: The recommendations will be used by the peak body to suggest leadership practice change by member organisations in your chosen industry.
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