
Three things I know: taking over the family business Â
How many times did I secretly wish for my father to leave the business and leave me the sole âQueenâ on board? Ten years later, I cannot imagine working without him by...
Published January 5, 2023 in Brain Circuits ⢠3 min read
Itâs fair to say that the chaotic world we live in isnât likely to calm down anytime soon, which means there is likely to be more unpredictability and new crises as we bring in the new year. This doesnât have to be something you approach with trepidation, because our volatile, uncertain, complex, and ambiguous (VUCA) environment can be navigated well by agile leaders who are comfortable forging through unknown territory. To see if you are prepared for the next crisis, ask yourself the following five questions.
Can you discern what is ânoiseâ from what is critical information?
Noise is the unwanted variables that can complicate decisions. During a crisis it is important to be able to stay calm and recognize that some variables can come into play that can skew your judgement. There are also variables that, if overlooked, can lead to unintended consequences and sub-optimal decision making.
Are you aware of your own biases?
We all have them, but leaders who are effective in a crisis recognize this and try to listen to voices and perspectives different from their own. Your biases effect what is noticed â and, just as importantly, what is not getting noticed. Handling crisis situations requires the willingness to be inclusive.
Does your team feel empowered to speak up?
This is a skill executives should practice all the time, especially when not in a crisis, so when things get tough people feel comfortable expressing divergent viewpoints. Do you encourage people to challenge assumptions and demonstrate that you value such input? If you are not sure, there is no time like the present to start embedding this into your daily practices and team meetings.
Does your company culture embrace mistakes?
Many companies have embraced the rhetoric that they allow and even encourage mistakes, because experimentation and errors are a platform for innovation. However, if your company is talking the talk, are they also walking the walk? Think about compensation packages and how people are promoted. Do mistakes set them back? How visible is this? How are you ensuring people arenât afraid to make errors? These are tough questions, but necessary ones if you want to ensure a culture that truly embraces mistakes. Remember, it is the ability to learn that enables people and organization to adapt with agility when times get tough.
Does your communications strategy properly include all stakeholders?
Transparency is always an asset, but it is particularly important when companies need to pivot to a new strategy in the face of crisis. Clear and consistent communication should go out to everyone, not just a select few. It is key to convey a sense of hope in addition to whatever news you have when managing volatile and unpredictable events.
Remember, as you move through this VUCA world, you donât have to have all the answers â but you mustnât stop asking yourself the questions.
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