Leading in the 21st century- New paradigms for a globalizing world

MGMT-E 152

Prof. Michael Pirson

Class 8: November 5

Agenda

Housekeeping Lesson’s learned from the assignment General Reflections on organizational

level challenges Role and Design of Business in the

21st century? Leaders in the 21st century Next Class

Schedule OverviewSchedule Overview: 1) September 17 - Overview of the course- Setting the stage

PART I- System level challenges 2) September 24 -System level challenge: Environmental and social sustainability 3) October 1 - System level challenge: Environmental sustainability 4) October 8 - System level challenge: Social sustainability 5) October 15 - Meeting System level challenges: Distilling and Applying Frameworks

PART II- Organizational Level 6) October 22 - Organizational level challenges- Decreasing Stakeholder trust 7) October 29 - Organizational level challenges: Employee engagement- managing commitment 8) November 5 - Meeting organizational level challenges: Distilling and applying management frameworks

PART III- Individual Level 9) November 12 - Individual challenges: Managing the self 10) November 19 - Social Entrepreneurship- managing the self, the organization and society 11) December 3 - Discussing Life entrepreneurship- Leading a meaningful life, leading others with purpose

Presentations 12) December 10, Presentations 13) December 17, Presentations

Housekeeping Reminder: 3 objectives in this class:

Understanding the leadership challenges in the 21st century Increasing reflective capacity with regard to Leadership in the 21st century Present you with actionable knowledge on how to deal with leadership

challenges of the 21st century

Great improvement for the analysis papers

Frameworks (check and follow assignment description) Stakeholder Trust (more than just employees) Employee Engagement

For Final assignment: Be sure to look at stakeholder trust (not only employees) Analyze all 4 challenges Assume a consultant role (provide actionable insight) Audience are executives (readability is crucial)

Housekeeping Send us team members and organization analyzed

Make up assignments

Other questions?

Lessons learned from the assignment

Surprises, Insights, Questions?

Organizational Level challenges

What are your insights gained over the past 3 weeks?

What issues do you have?

What questions remain open?

Results from survey- stakeholder trust (employees)

Mean

MC can successfully adapt to changing demands. 4.0625 4.125

MC is able to reach set goals. 4.1875

TC is very competent in its area. 4.75 4.625

TC generally has high standards. 4.5

I does not try to deceive. 4.5 4.5

I has high moral standards. 4.5

I treats its stakeholder with respect. 4.5

B is caring. 4.375 4.109375

B listens to my needs. 3.5

B is fair. 4.0625

B does not abuse stakeholders. 4.5

ID I can identify with the organization. 4.375 3.8125

ID My personal values match the values of the organization. 4

ID I feel connected with the organization. 3.0625

T explains its decisions. 3 3.015625

T says if something goes wrong. 3.1875

T is transparent. 2.9375

T openly shares all relevant information. 2.9375

Results from survey- Employee Engagement

Why bother?

What can be done?

Role and design of businesses in the 21st century

Key drivers for sustained success in the 21st century?

What remains the same?What will change in the 21st century?

How do organizational and system challenges discussed tie in?

Consequences for leaders in the 21st century

Does the role of a leader change? How so?

What does that mean to you and your career?

Next Class9) November 12 - Individual challenges: Managing the selfReadings: Rath, T.: Strengths finder 2.0 (Read Part 1 and do the online

evaluation) “Managing the self- Life Entrepreneurship” Happiness related articles:

Harvard Magazine: January-February 26-30, 94 Economist article: Editorial on happiness. Csikzentmihaly, M.: “If we are so rich why are we not happy?”

Assignment: Prepare a response paper examining what makes you happy, what your goals are and how you can implement your strengths in a professional career(1 page).

Drop off on Course Website by Tuesday 7 pm