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The Future of Leadership PDF

296 Pages·2018·4.094 MB·English
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Edited by Bharat S. Thakkar THE FUTURE OF LEADERSHIP Addressing Complex Global Issues The Future of Leadership Bharat S. Thakkar Editor The Future of Leadership Addressing Complex Global Issues Editor Bharat S. Thakkar PREM Group, Inc. Wheaton, IL, USA ISBN 978-3-319-73869-7 ISBN 978-3-319-73870-3 (eBook) https://doi.org/10.1007/978-3-319-73870-3 Library of Congress Control Number: 2018931908 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Rynaldo Toemaang/EyeEm/Getty Images Printed on acid-free paper This Palgrave Macmillan imprint is published by the registered company Springer International Publishing AG part of Springer Nature The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland This book is dedicated to the leaders who helped make this world a better place to live and work; and to those in the coming decades who would help make it even better for the generations to come. Special thanks are due to its contributing authors: Aqueil, Bayo, Christiana, Deepal, Ezenwayi, George, Kadambari, Kamlesh, Kartik, Lydia, Nicolas, Sam, Sarla, and Tom F oreword Future leadership is all about unforeseen challenges, and we are in the midst of it. It is not something that might unfold in the future but is already happening and making waves. With rapid advances in technol- ogy, everything is changing, including the role of a leader. Those of us professionals and academicians who discern and practice it feel compelled to bring it to the attention of the wider world. This book attempts to do precisely that. Leadership is no longer about a singularized individual at the top of the pyramid but a collectivized whole spread across a wide base because of the breathtaking changes across the world brought about by a conflu- ence of technologies and related products, applications, and services. The preeminent force in that confluence is information and communication vii viii FoREWoRd technologies. That we now live in a truly real-time world where human experience, both bad and good, is instantly collectivized and shared because of the Internet has caused a fundamental shift in the way we understand leadership. Unlike in the centuries past when leadership meant exclusive elites, mostly men, who controlled knowledge and information and therefore societies, we now live in an age where information and knowledge have been rapidly democratized in terms of access and understanding. This has, in turn, made decision making deeply informed and individualized. I am not going to dwell on the increasing danger that the rise of fact-free and fake worldview presents us even though it is something all of us ought to be concerned about because that has a direct impact on leadership. The scope of this book is to offer a diversity of scholarly views on how leadership—corporate, political, economic, social, and cultural—has changed. Although throughout human history the advent of technology, be it the wheel, steel, gunpowder, printing press, steam engine, light bulb, or telephone, caused unprecedented shifts in their time, what we are expe- riencing now because an unprecedented confluence of modern technolo- gies, including the Internet, is incomparable to anything else so far. That is entirely because the base of the change and those who benefit from it is wider than ever before. Essentially, knowledge is democratized. This profound shift is shaping and redefining leadership. The traditional evolution of leadership from being transforma- tional—trust-based—to transactional—performance-based—to custom- er-centric—satisfaction-based—to people-centric—delight-based—is now at a stage that it incorporates all the above even as it responds to the exponential growth of technology in every walk of life. While the human factor remains important, a vast majority of peo- ple do not consciously realize how much technology, including artificial intelligence and machine intelligence, has become so deeply woven into our lives. It is no longer possible to gainfully function in today’s world without at least some rudimentary skills to operate smart systems. The most visible example of that reality is the touchscreen phones that many people now intuitively operate. That there is so much more computerization in ordinary phones than there ever was in the Apollo program that took us to the moon is a tes- tament to how dramatically things have changed. This change directly shapes leadership in all walks of life. FoREWoRd ix Everything is technology and technology is everything now. Even in politics the ability to get rid of intermediaries the way Twitter and Facebook have done, allowing political leaders to directly reach people, has forever altered leadership. It can often be to the detriment of society if not used judiciously but that is a separate subject outside the scope of this book. one can argue that it is no longer possible to predict which way the future of leadership might turn in the next 50 years. It is true that any- thing can happen given the massive flux we all are in. At the same time, it is possible to predict broad trends in leadership. one of the distinct trends is the way technology has so deeply embedded itself into our lives. That will only get deeper. At the end of the day, leadership is also about character, ethics, mor- als, truth, trust, self, discipline, communication, vision, values, passion, and lot more. The key is to understand and appreciate the impact of the democratization of technology, information, and knowledge on each of these to practice the art and the science of leadership in a new way to manage, motivate, and mobilize resources to gain productivity and effi- ciency of an ever-changing organization. oakbrook, IL, USA dr. Sam Pitroda Chairman Pitroda Group Dr. Sam Pitroda is an internationally respected development thinker, policy maker, telecom inventor, and entrepreneur who has spent over 50 years in information and communication technology and related developments. Credited with having laid the foundation of India’s technology and telecommunication revolution in the 1980s, dr. Sam Pitroda has been a leading campaigner to help bridge the global digital divide. In mid-1990s, he founded Worldtel in London and invented mobile wallet in 1996 and set up C-SAM Inc. acquired by Master Card in 2013. From 2005 to 2014, dr. Sam Pitroda was Chairman of India’s National Knowledge Commission and Advisor to the Prime minister of India with the rank of a cabinet minister. He was also Chairman of the National Innovation Council, smart grid task force, railway modernization, and public broadcast reforms. At present, he is founder, investor, and chairman of six start-ups and several nonprofit foundations. x FoREWoRd dr. Sam Pitroda holds over 100 patents and has published and lectured extensively in USA, Europe, India, and Latin America. His biography was published in 1992, and his autobiography “dreaming Big” was published by Penguin in 2015. P reFace Leadership has innately existed as long as humans have existed. Perhaps it is in the nature of life that all species consciously or subconsciously create and anoint leaders. Leadership is as much about charting a right course as it is about guiding followers along it. It is also about assuming a larger responsibility than just self and thinking of common collective goals rather than individual pursuits. Having this common understand- ing of leadership and its attributes, the question remains about its changing nature as the time passes. Leadership is quite different today than what it was two centuries or two decades ago. The technological advances assisted greatly in terms of the functioning of virtual businesses, offices, globalization, and the quality of human resources. This brings up a question about what would be the leadership in the future, particularly xi

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