Disruptions come in various forms and sizes for businesses. It’s how you handle and navigate these disruptions that genuinely matters. Leadership plays a critical role in maintaining organizational resilience during technological disruptions. Specifically, leaders must embrace those disruptions to succeed and stay afloat.
Dealing with Technological Disruptions
As a transformational leader, technological disruptions are just a few hurdles you must overcome to ensure business continuity and resilience. The pandemic and the shifting economy contributed to the rapid global advancement of technologies and digitalization. As a result, businesses must adapt, or else the competition will leave them behind.
As a result, leaders must prepare for and anticipate technological disruptions in this modern business age. Coping with technological advancements enables your business to remain competitive and relevant.
But here’s the thing: digital transformation is a never-ending journey. It will only evolve into some other form, so you need good transformational leadership to stay resilient throughout this journey.
How to Handle Technological Disruptions as a Leader
Leaders need specific skills to keep pace with today’s rapid technological evolution. Digital disruption is fast and won’t wait for you or your organization to adapt. You have to keep pace with it!
According to a Deloitte study, 75% of business executives expect digital and technological disruptions as the critical drivers of organizational change. So not only is your ability to adapt to digital transformation necessary for survival, but it’s also vital to stay competitive.
Here are some proven strategies that help build resilience in technological disruptions.
1. Stay Informed and Keep Learning
The best way to cope with technological disruption is to stay informed and up-to-date with the latest technological developments. What are the newest technologies in your industry? How do you use it to improve how you do your business?
These are essential things to reflect on as a transformational leader, which will enable you to embrace the change rather than resist it. In addition, understanding how to use emerging technological innovation to improve your business will change your perspective on these disruptions. Instead of looking at them as hurdles, you can see them as opportunities for growth.
Therefore, you must also change your mindset as a leader. Use it as a learning opportunity and understand how you can use the technology to deliver better products or services. When you take on that mindset as a leader, it will also be passed on to your employees. You can offer free training programs so they can learn how to use these new technologies. Empower them with the knowledge and skills to cope with the rapid digital transformation. That is how you build a resilient organization as a leader in the digital age!
2. Be Agile
Agility as a leader means you are flexible and adaptable to any situation your business faces. Embracing change and being agile in your problem-solving means you can pivot quickly and experiment with new approaches. It also means you’re open to changing your business model to suit the current business landscape.
The more agile you are as an organization, the more resilient you are to the changing conditions. On the other hand, being stubborn with your ways could mean you limit your ability to stay relevant and compete.
A critical part of being an agile organization is to empower your employees. You no longer follow the hierarchical decision-making method but enable your team to make crucial decisions and take on roles that increase efficiency.
3. Establish a Strong Sense of Purpose
Conveying the vision for the digital transformation can help the digital transition go more smoothly. It’s important to reiterate your values and mission to your employees, especially during digital transformation. It impacts your work environment and your approach to making daily strategic decisions.
When you keep your values and mission at the core of your move toward digitalization, it’s easier for business leaders to make consistent decisions that align with your values and mission. At the same time, it gives your employees a sense of purpose, knowing they have the capabilities to drive efficiency and contribute to achieving your company goals.
4. Foster Workplace Culture
The best way to build resilience in technological disruptions is to work together as a cohesive unit. Even if leaders have the right mindset in dealing with disruptions, they will only succeed if their team is on board.
The best way to adapt to digital transformation is to embed it in your workplace culture. Your team must adopt a mindset of growth, which enables agile decision-making. You must also uphold a culture of innovation that allows your team to experiment and fail. Even if the results are not always right the first time, the focus is on learning and adapting.
If you want your organization to take the next step, you must be ready to embrace that disruption and adopt the necessary measures to facilitate the learning journey. However, everything starts with you, the leader, as the catalyst!
1. Lack of self-awareness, leading to inability to stay centered.
2. Inability to manage energy, leading to energy swings between exhaustion and overcompensation.
3. Time and process to process negative emotions and fears, leading to being risk-averse, fearful, and reactive.
Self-awareness, meaning-making or reframing, managing energy, and perseverance are the four key components of building resilience. In the face of disruption, being aware of what is happening, what I am feeling, how I can gain from it, and what I can do about it, and staying energized to act and do it consistently is a sure way to build resilience.