Act Boldly at Turning Points: 4 Keys to Avoiding Stagnation while leading Business Transformation ⬇
In the high-stakes game of business transformation, knowing when to make a bold move can be the difference between success and setback. Drawing from a compelling study by EY and the University of Oxford Saïd Business School, University of Oxford, it's clear that leaders must capitalize on turning points to steer transformations away from stagnation or decline. I often witness inspiring transformation launching events generating a quick spike in collective spirits but quickly followed by a regression to status quo.
Here 4 simple keys-of-the game when dealing with turning points in transformations:
𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞 & 𝐜𝐚𝐥𝐥 𝐚 𝐭𝐢𝐦𝐞-𝐨𝐮𝐭!
Leaders must develop an acute awareness of when their business transformation is at risk of stalling. The key lies in recognizing these turning points — those critical junctures where continuing down the same path may lead to diminishing returns, energy leaks or outright failure.
𝐌𝐢𝐧𝐝𝐬𝐞𝐭 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 (𝐧𝐨𝐭 𝐨𝐧𝐥𝐲 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥 𝐜𝐡𝐚𝐧𝐠𝐞)
The mindset of leaders and teams during these turning points is crucial. Adapting a mindset that welcomes change rather than resists it can transform potential challenges into opportunities for growth. Transformation is like getting in shape for the new environment physically, mentally, socially and emotionally.
𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐭𝐨 𝐬𝐮𝐬𝐭𝐚𝐢𝐧 𝐭𝐡𝐞 𝐞𝐟𝐟𝐨𝐫𝐭
Energy management is another critical factor. Every change process is thirsty for energy! Leaders must energize their teams through transformative periods. Boosting enthusiasm and confidence across the board not only propels projects forward but also ensures sustained engagement and productivity. Leadership during times of change is providing positive energy!
𝐅𝐫𝐨𝐦 𝐈𝐧𝐬𝐩𝐢𝐫𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐀𝐜𝐭𝐢𝐨𝐧
When you act boldly at a turning point, you’re making a strategic play that can redefine the playing field. It’s about making the moves that others might shy away from, thus setting your team up for a comeback or an outright win.
For those leading the charge in today's rapidly evolving business landscape, remember: Transformation is not a spectator sport. It requires the heart of a player in the game, ready to make the bold moves that will lead to victory.
Easy doesn't come easy!
#Leadership #BusinessTransformation #TurningPoints #EnergyManagement
Put humans before KPIs and your business transformation turning points can be 12x as successful.
Our new research with Saïd Business School, University of Oxford reveals that successful leaders focus on their people during critical moments in a transformation. 👇
#Leadership #Transformation #BetterWorkingWorld
