Time to take leading role in digital transformation.

In the modern era the driving business is about global networking, identifying and developing business opportunities, generating solutions and taking calculated risks. It is also about how integrity, reliability and resilience are needed to handle pressure and continuous regulatory changes.

Leading change is about navigating people in an unstable work environment, promoting and inspiring collaboration, empowering team members to embrace change and drive their self-development, being self-aware and be willing to move into the role of a humble facilitator. Companies need leaders who can thrive despite setbacks and adapt to new ways of working, new business models and new forms of technology. Often, the hurdles are more significant and more challenging for leaders than for individual contributors. The challenges at the leadership level are magnified.

Managing the economy of the future will require a different style of leadership, one that is equipped to respond to emerging threats and opportunities rapidly. A high-quality leadership assessment model doesn't just identify traits that are needed to lead right now. It looks for the timeless leadership traits that leaders will need to move their company forward despite the volatile, complex and uncertain nature of the modern business climate.

Business leaders whose organizations have been in the middle of the digital transformation journey and others who may not have formally planned and committed to it are both having to steer their organizations carefully past the bumps caused by Covid-19 impact and navigating the digital tracks with finesse, being conscious of the risks associated at every step. Both types of organizations have to reorient their strategies around the digital factor which has occupied the core of business functioning.

The caliber of leadership required for this journey is unique and comprises of layers of capabilities. The criteria of digital leadership has multiple facets. Leadership should be:

Tough enough to face the market and competition change.

Creative and innovative mindset to formulate the idea into reality

Global vision to provide direction and able to transform business.

Able to deal with the complex and dynamic ecosystem due to VUCA factors:

(Volatility, Uncertainty, Complexity, and Ambiguity factors)

Able to lead in complex times and synthesizing the information for decision making.

Leadership style and form that succeeds in born-digital organizations is very...