For quite some time now, all those who are responsible for or concerned about Talent and Leadership have been struggling with the challenge of developing leaders for a VUCA world. The ability to predict potential in a world that is volatile and ever-changing is questionable – how do you define a set of skills or traits for a future that is uncertain? And then how do you develop them, not knowing if they will even be relevant by the time you get there?
And if you are a professional, then the same question holds true for you. How will you continue to be relevant in a mercurial future? Time was, the Peter Principle took a few years to catch up with a professional; today, it can happen in a month! How then, will you avoid irrelevance?
I had a chat with Abhijit Bhaduri, CLO of Wipro and one man who I think has an incisive intellect and a solid opinion about the above dilemmas. After 2 chats, I realized what he said was valuable and requested him to share one of his blogs on the subject. As always, he doesn’t disappoint. Here’s his insightful take on what individuals and nations need to do.
Abhijit, thanks a ton for this.
In another twenty years more than a billion people will be more than 65. The greying population will largely be in the developed world. The old people to working age population will get severely skewed in many countries. According to The Economist, by 2035 Japan will have 69 old people for every 100 in the 24-65 age group. Germany will have 66 and America will have 44.
Across the rich world the well educated people are working longer than the less skilled. In the age group of 62-74 in America, 65% people with a professional degree are still working compared to only 32% of people who didn’t go to college. The incomes of the highly skilled are rising at the expense of the unskilled. Ironically the employment rates are falling among younger unskilled people.
The source of labor will have to come from Asia and Africa which will in 2035 have 22 people over 65 for every hundred who are in the 24-65 age group. While we keep flaunting India‘s demographic dividend we conveniently ignore the dropping rates of employability with passing year. Less than one out of four MBAs is employable. One out of five engineers can claim to be employable. Only one in ten graduates is employable. What are we missing?
Historically, colleges ensured employability. The gap between what the employer needed and what the new hire came in with was met by mandating a certain number of training days for the employees. The world was slow to change. Hence the skills that a person picked up and sharpened lasted a lifetime.
The world outside is changing rapidly. Business is not booming as it did in the pre-dot-com era. Opportunities are like rainbows. They appear for a brief while and suddenly vanish. Those who are agile and skilled get the spoils. By the time the competition has caught on, the opportunity dries up and appears in another unexpected part of the world. That basically means that people have to constantly reskill themselves. The skills have short life spans.
Academic institutions have not changed over the years. While the real world problems are often solved by cross functional teams, colleges and business schools are still organised by the silos that existed decades ago. Information that was once available only through a professor is now available for free online. The role of the professor should reflect this reality. In the absence of that fresh entrants into the workplace will find it harder with each year to be relevant.
Education has worked on the principle of fixed tenure and variable quality. Every student spends the same three or four years to get a degree but there is a wide variation in the level of proficiency between students. The employer on the other hand cares about proficiency and not the time that a person has taken to acquire the skill. Academics argue that employability is not the end goal of education. It is all about opening the mind and making the person a global citizen. That is a luxury only the rich can afford. Ask a fresh MBA who is unable to find a job, what he or she believes to be the purpose of education. We acquire skills so that we can use it.
The world today needs people who can learn to constantly reskill themselves without waiting for their college or employer to nudge them. That is a big mind shift needed.
The workforce for the future will come from Africa and Asia and from countries which have a crumbling education system. It then is no longer a problem that we can leave to the respective countries to deal with. The countries which have the wealthy but ageing populations must invest heavily in boosting up the infrastructure, teacher training and the resources needed to prepare the next generation workforce. The next set of entrepreneurs and innovators are in all these countries which are youth-rich and proficiency-poor. Time for a rethink on how we view the world.
Abhijit’s article also appeared in The Economic Times – http://articles.economictimes.indiatimes.com/2014-06-20/news/50739043_1_employability-demographic-dividend-developed-world
Pink Floyd sang “We don’t need no education…”, I’m doubtful about that! But they went on to say “We don’t need no, thought control..” and that I agree with! What we need is an education system that enables us to be open-minded, humble, self-aware, receptive, responsive, agile, adaptable and experiential and proactive learners. At the very least, it will help us survive!
I’ve been delaying this post for the last 2 years. Hoping that I won’t need to. However, time after time, Jet Airways demonstrates how far they have slipped from the industry defining standard of customer service that they had introduced to the Indian flier.
It was some time in 1995, I had to fly from Bombay to Delhi. Upon checking with my agent for flight options, I found that Jet airways was the costliest ticket. On a whim, I called them up and asked the lady why this was so. With a great deal of confidence and pride she told me “Sir, we are the best. And once you fly with us you won’t think of this question.”
She was right. And for the next decade and more I flew only Jet Airways. I was a platinum member for the longest time. And their best ambassador. It wasn’t in the big things that Jet Airways impressed a customer but in the small details – the airhostess who’d switch on the light if she saw me reading – the cleanliness of the seats and aircraft – the willingness with which you received 4 packets of mouth freshener when you asked for one.
Today, I consciously avoid taking a Jet Airways flight and only opt for the airline if there is no other option. Why?
They are never on time anymore. They lack the simple courtesy of informing passengers about a delay, why there is one or how long they think it will take. And I am talking 20+ minutes.
The food quality is terrible. I am scared to eat the food because I worry how old it is and how bad the quality of the chicken and noodles are.
The aircraft is dirty, the seats are worse. Once I made the mistake of flying business class to Colombo from Mumbai and the seat was broken.
The pride, the confidence that one saw on the faces of the crew is missing. They look tired and defeated.
The last time I was checking in on a Mumbai-Singapore-Sydney flight, I was issued only the Mumbai-Singapore pass and asked to pick up the Sydney boarding pass in Singapore. Because there was an error on the system. When I argued it took less than 3 minutes to generate the boarding pass from another system. It’s a breakdown in customer orientation.
Naresh Goyal‘s dream is tarnished. Maybe he himself isn’t as involved anymore. His legacy and gleaming dream has no shine left.
I know the airline industry is in trouble. I know everyone is struggling. But what I cannot understand is how Low-cost Carriers like Indigo and SpiceJet can offer better service, on-time flights, better food quality at lower cost and Jet Airways, with a wider span and greater economies of scale, cannot.
I believe it has to do with focus, mindset, rigour and an uncompromising commitment to customer service. It has to do with the fundamental purpose of an organization, and the purpose cannot be financial survival (which is an outcome), organizations which have a purpose woven around the customer always come through good times and bad, in good shape. Which is something Jet Airways seems to have lost. Which is sad. I miss the service. I miss the energy. I miss the experience.
How the mighty have fallen.
- Disengagement? Certainly.
- Attrition? Quite often.
- Loss of organizational productivity? What do you think?
Delegation continues to be a bugbear, not just for leaders themselves but equally so for organizations, since it has so much to do with developing the next line. While most leaders intellectually understand the need to delegate and the value it brings for themselves and the organization, it is emotions that hold them back from effective delegation.
So I thought I’d jot down the 2 core principles of delegation, in the hope that they might be of assistance to leaders who’d like to get better at delegation.
The 2 principles of Delegation:
1. Delegate what you fear to delegate or what you believe you can’t delegate. Delegating only what you are able to delegate means you are delegating what you believe your DRs can do. Which addresses present skills. It is only when you delegate what you are worried about delegating that you are developing people. This does not mean you should delegate things that you should be doing per se. The fist step is to identify things that you SHOULD NOT be doing, but you don’t delegate because of discomfort or anxiety.
2. When you delegate, know that the delegate will fail. If it’s the first time they’re doing something, they are likely to not do it as well as you. Be prepared to back them up. When they fail, don’t take it back or take control. When someone rides a bicycle for the first time, they will fall. When they fall, you encourage them, give some correctional/supporting inputs and put them back on the bicycle.
Follow that principle. Again and again and again. As long as the delegate is willing, has the gumption to continue and the learning agility to not repeat the same mistakes again and again. You need to continue supporting them.
Are there other core principles to delegation that you yourself use? Do share them as comments so we can all be wiser!
The future, more than ever before, is about emancipation. Businesses that will provide higher levels of emancipation to their customers will have an advantage over the others.
Telecom companies that enable customers to make plans/products of their choice or insurance firms that allow a customer to create their own insurance product from a variety of buffet-like options and businesses that empower dealers to select the merchandise mix, enabled by strong analytics are going to be the pioneers of this new advance. No longer the tyranny of the marketing or sales or product team.
The app will be the liberator. Websites will provide information, apps will enable customer relationships and interaction. Banking operations, utility payments, school fees, airline ticketing and many other services that have moved from offline to online will embrace the app ecosystem or perish.
Today’s customer is value-conscious of both, time and cost. Why would I invest additional time visiting a branch or store if I can manage to achieve my needs while traveling in a bus or cab? Thereby freeing up time for other pursuits. As customers become more discerning about work-life balance and free up dudgeon in order to have more time for following their passion, time-value will become a key brand differentiator.
Organizations that embrace this change will need the following:
- Leadership ethos. A leadership that is comfortable letting go and handing over control to the customer. Traditional mindsets of ownership, beliefs that we know the best plans to offer our customers, will have to be let go. This will require humility, an exploratory mindset and a the ability to crowd-source ideas from the sharpest users of the app Eco-system.
- Technology at the forefront. Organizations will have to stop seeing IT as a business support or business enabler and transition to leveraging technology as a driver of the business. In the new normal, the COO must be equal parts CTO and CIO. Ensuring the customer engages with a technology platform that is flexible, adaptable and agile will help disintermediate several layers between the customer and the actual organizational service-provider.
It is in transferring power to the customer, that services businesses will find greater empowerment and differentiation. The ones that do it best, not necessarily first, will win in the marketplace.
I’ve always believed in hiring/selecting for attitude, since I believe people who have the right attitude will always find a way and will make a difference. I recently came across the story below that highlights this so well that I had to share it on my blog. Hope you enjoy reading it.
The Duck and the Eagle
Harvey Mackay was waiting in line for a ride at the airport. When a car pulled up, the first thing Harvey noticed was that the taxi was polished to a bright shine. Smartly dressed in a white shirt, black tie, and freshly pressed black slacks, the cab driver jumped out and rounded the car to open the back passenger door for Harvey. He handed Harvey a laminated card and said:
“I’m Wally, your driver. While I’m loading your bags in the trunk I’d like you to read my mission statement.”
Taken aback, Harvey read the card. It said:
Wally’s Mission Statement : “To get my customers to their destination in the quickest, Safest and cheapest way possible in a friendly environment. This blew Harvey away. Especially when he noticed that the inside of the cab matched the outside. Spotlessly clean! “
As he slid behind the wheel, Wally said, “Would you like a cup of coffee? I have a thermos of regular and one of decaf.”
Harvey said jokingly, “No, I’d prefer a soft drink.”
Wally smiled and said, “No problem. I have a cooler up front with regular and Diet Coke, water and orange juice.” Almost stuttering, Harvey said, “I’ll take a Diet Coke.”
As they were pulling away, Wally handed Harvey another laminated card. “These are the stations I get and the music they play, if you’d like to listen to the radio.”
And as if that weren’t enough, Wally told Harvey that he had the air conditioning on and asked if the temperature was comfortable for him. Then he advised Harvey of the best route to his destination for that time of day. He also let him know that he’d be happy to chat and tell him about some of the sights or, if Harvey preferred, to leave him with his own thoughts.
“Tell me, Wally,” amazed Harvey asked the driver, “have you always served customers like this?”
Wally smiled into the rear view mirror. “No, not always. In fact, it’s only been in the last two years. My first five years driving, I spent most of my time complaining like all the rest of the cabbies do. Then I heard the personal growth guru, Wayne Dyer, on the radio one day. He had just written a book called ‘You’ll See It When You Believe It.’ Dyer said that if you get up in the morning expecting to have a bad day, you’ll rarely disappoint yourself. He said, ‘Stop complaining! Differentiate yourself from your competition. Don’t be a duck. Be an eagle. Ducks quack and complain. Eagles soar above the crowd. The eagle will fly to some high spot and wait for the winds to come. When the storm hits, it sets its wings so that the wind will pick it up and lift it above the storm. While the storm rages below, the eagle is soaring above it. The eagle does not escape the storm. It simply uses the storm to lift it higher. It rises on the winds that bring the storm. ‘”
“That hit me right between the eyes,” said Wally. “Dyer was really talking about me. I was always quacking and complaining, so I decided to change my attitude and become an eagle. I looked around at the other cabs and their drivers. The cabs were dirty, the drivers were unfriendly, and the customers were unhappy. So I decided to make some changes. I put in a few at a time. When my customers responded well, I did more.”
“I take it that has paid off for you,” Harvey said.
“It sure has,” Wally replied. “My first year as an eagle, I doubled my income from the previous year. This year I’ll probably quadruple it. You were lucky to get me today. I don’t sit at cabstands anymore. My customers call me for appointments on my cell phone or leave a message on my answering machine. If I can’t pick them up myself, I get a reliable cabbie friend to do it and I take a piece of the action.”
Wally was phenomenal. He was running a limo service out of a Yellow Cab.
I’ve probably told that story to more than fifty cab drivers over the years, and only two took the idea and ran with it. Whenever I go to their cities, I give them a call. The rest of the drivers quacked like ducks and told me all the reasons they couldn’t do any of what I was suggesting.
A great attitude is a matter of choice. You could either quack like a Duck or soar like an Eagle.