Next Generation Leadership An Academic Perspective INSEAD Family Enterprise Day - 16 May 2015 Martin Roll
Wherever you see a successful business, someone once made a courageous decision.... Professor Peter Drucker
Next Generation Leadership Leadership in the 21 st century will be influenced by constant change, geopolitical volatility, technological disruptions and economic and political uncertainty 21th century challenges Geopolitical volatility Technological disruptions Economic and political uncertainty Shifting demographics Implications for Next Gen Leaders Balance short- and long-term lens Resilience Keep horizontal and vertical outlook Global perspectives and local insights Strong strategic compass Purpose Unwavering focus Clear personal vision Clarity of thought Long term lens Has a futuristic vision Thinks and plans ahead Executes strategically Resilience Manages change Stays ahead of curve Strong character Adapts Manages disruptions effectively Continuously innovates Networks Build network of leaders Cascades relevant messages and change Family orientation Driven by values/ beliefs Respect for family culture and ethics
Leadership has significantly evolved Family enterprises need resilient leaders who can constantly adapt to change, nurture family stakeholders/values, and the ability to manage disruptive factors Yesterdays leadership Transactional Problem solving focus Reactive Situational Narrow focus Hierarchical Authoritative Narrow scope of influence Power-driven Confrontational Disparate and fragmented Short-term focus Next generation leadership Strategic Visionary Proactive Broad and all encompassing Wide focus Flat / matrix Collaborative Wide scope of influence Personality and ethics driven Participatory / Empowering Continuous Long-term lens Role of leadership? Experiences? Opportunities? Authority? Trust? Succession?
Balance priorities The success of Next Gen Leaders will depend on their ability and willingness to drive a transition agenda - daring to be bold enough if need be Getting better Getting different Creating Learning Creating Balance of time Learning Executing Executing
The Purpose-driven Family Business Next generation leaders drive a strong purpose throughout the business which provide future direction and strongly impacts performance Purpose of the business What does our organization bring to the world? Does that difference matter? Is something about it scarce and difficult to imitate? Are we doing today what we need to do in order to matter tomorrow? What makes us an enduring company? If the company disappeared today, would the world be different tomorrow? Business eco-system Establish a clear view of what the company will bring to the world, why it will matter, how we will do it and when we do it Create clarity at the core, define a shared vision and lead relentless execution of the strategy
Great leaders nurture next generations Effective succession planning is one of the most critical tests of leadership in family enterprises Personality Experience Family orientation Has earned the right to be a leader (and not handed on a platter) Has the ability to inspire and influence Displays commitment, focus and discipline Has character and values that embody the enterprise spirit Understands and has genuine interest in the business Has driven or significantly contributed to enterprise growth Has gained extensive experience within the enterprise Relates to the mission and objectives of the enterprise Strongly believes in enhancing the enterprise legacy Commands respect within the family nucleus Thinks bigger than the current generation Has the acceptance and support of the majority Candidates? Timing? Relevance? Role of leadership? Experiences? Opportunities?
Leadership is what happens when you are not around. Jørgen Vig Knudstorp CEO, LEGO Company
Martin Roll Business & Brand Strategist Senior Advisor & Executive Facilitator Martin Roll delivers the combined value of an experienced global business strategist, senior advisor and facilitator to Fortune 500 companies, Asian firms and family-owned businesses on how to build and manage strong, global brands as well as leadership of high-performing, marketing-oriented businesses Martin Roll is very experienced in engaging and advising clients at all management levels from business owners and C-suite leaders to functional staff across multiple industries and cultures. Martin Roll is a Senior Advisor to McKinsey & Company Martin Roll is a keynote speaker at global conferences, an experienced conference moderator and executive workshop facilitator. He also teaches MBA, EMBA and Executive Education programs at Nanyang Business School (Singapore), and is a frequent guest lecturer at INSEAD and other global business schools
Martin Roll Business & Brand Strategist Senior Advisor & Executive Facilitator Martin Roll is the author of global bestseller Asian Brand Strategy (Updated edition July 2015), a business columnist with INSEAD Knowledge, a prolific management writer, and a regular commentator in global media. MBA from INSEAD. Specialities: Branding, Marketing, Strategy, Leadership, Change & Transformations, Business Family Transition, Business Coaching, Asia & Emerging Markets Martin Roll Company Level 21, Centennial Tower 3 Temasek Avenue Singapore 039190 Phone: +65 65 49 71 41 Mobile: +65 91 26 35 04 roll@martinroll.com