Our leadership models are changing – from command and control to questioning and discovery. You can learn to develop these skills and improve your capability as a leader.
All competitive advantages have a life cycle. There’s the period during which a new advantage is created – through innovation, acquisition, mergers or whatever. Then there is the period when we get to exploit an existing advantage – in other words, a profitable business is in place and our job is to operate it. Then, when an advantage is exhausted, there is the task of transforming the business to operate on the next advantage or risk it becoming irrelevant. Here’s the problem – we aren’t taught the skills of innovation or transformation.
