China 2014 - Conversations on Leadership 4.0 - Al falasi & Dehaze | Summary and Q&A

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July 6, 2019
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World Economic Forum
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China 2014 - Conversations on Leadership 4.0 - Al falasi & Dehaze

TL;DR

Leadership 4.0 requires continuous learning and humility, with challenges including talent acquisition, reputation risk, and the need for purpose-driven leadership.

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Key Insights

  • 🌐 Leadership 4.0 requires adapting to rapid globalization and technological advancements while addressing major global challenges like climate change and social inequalities.
  • 👶 Leaders need to stay humble, constantly learn, and adapt to new situations in order to be effective in a rapidly changing world.
  • 😀 Talent acquisition, talent grooming, and reputation risk management are major challenges faced by leaders in this era.
  • 🌍 Purpose-driven leadership is crucial, as the younger generation seeks to have a positive impact on the world.
  • 💪 Having a leadership contract and promoting employee satisfaction help define and maintain a strong leadership culture within an organization.
  • 🪡 Education reform is a significant challenge, and leaders need to ensure a sufficient talent supply to meet the evolving needs of the economy.
  • 👋 Balancing personal interest and the greater good is a challenge for leaders in government roles, especially in long-term initiatives like education reform.

Questions & Answers

Q: What is the main difference between business leadership and political leadership in the context of globalization 4.0?

Business leadership focuses on profitability and growth, ensuring measurable results. Political leadership, on the other hand, requires defining success and impact in more complex and long-term ways, such as education reform, where the outcome may not be immediately visible.

Q: How do you ensure the next generation develops and builds a better world as leaders in your respective roles?

The CEO emphasizes inspiring and empowering the next generation, giving them freedom to pursue their passions while still providing guidance and strong leadership frameworks. The Minister highlights the need for education reform and talent acquisition, while also promoting purpose-driven leadership and providing opportunities for young talent to contribute and influence.

Q: What are the challenges you face as leaders in your respective roles?

The CEO mentions talent acquisition and retention as a major challenge, as well as managing reputation risk in a global company. The Minister highlights the difficulty of measuring impact in government, especially in education where outcomes take a long time to materialize, and the need to balance personal interest with the greater good.

Q: What is the role of humility in leadership 4.0?

The CEO stresses the importance of staying humble as a leader, constantly learning and adapting to changes, and avoiding being consumed by the position. Humility allows leaders to maintain a growth mindset and continuously improve their leadership skills.

Summary & Key Takeaways

  • Leadership 4.0 necessitates adapting to unprecedented globalization and technological change, as well as addressing major crises such as climate change and social inequalities.

  • Minister for Higher Education discusses experiences leading a global renewable energy company and the shift to a highly competitive sector, while also highlighting the need for risk appetite in government leadership.

  • CEO emphasizes the importance of a leadership contract, employee satisfaction, and attracting and grooming talent within the organization.

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