In Coaching: The Secret Code to Uncommon Leadership, Author and Leading Executive Coach Ruchira Chaudhary unpacks the critical role of leadership and coaching in turbulent times. Ruchira's new book contains valuable insights drawing on lessons from interviews with successful leaders worldwide.  Effective Leadership in Turbulent Times In June 1966, Robert F. Kennedy said in a speech in Cape Town, ‘Like it or not, we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history.’ You may be familiar with this apocryphal Chinese curse that sounds like a blessing or a warm wish but is used ironically to indicate a period of chaos or disorder. I cannot think of a better analogy to describe the uncertainty of mammoth proportions we face today, caused by the COVID-19 pandemic. On the work front, virtually overnight, the economic shock gave rise to a new reality that caused much stress and anxiety, leaving everyone bewildered. The work from home (WFH) phenomenon is now becoming our new normal; we may have settled into a routine of sorts, but the underlying duress, angst and the occasional panic attack is [...]

“In these challenging times, it’s difficult to anticipate how customer needs will evolve and how operations may be disrupted. A business must be flexible and adaptable to stay relevant. This challenge will persist if a company is resistant to change. That’s why introducing young talent to the business is so important. Young employees can augment a company’s agility, and ensure it has the technical skills and innovation needed to succeed.” Marvin Opperman, “Businesses should be actively seeking out young talent right now.” HR Future, 9 February 2021 People and organizations will come out of the COVID-19 crisis changed, if not transformed. Next gen talent—specifically younger Millennials and older Gen Zs who grew up digital and came of age during the global financial crisis and the COVID-19 pandemic, respectively, have been shaped by this disruption in meaningful ways. C-suite executives investing in their talent pipeline and preparing to recruit and retain young, high-potential candidates would do well to consider the social and professional impact of the pandemic on these future leaders. Next Gen Snapshot Multiple researchers on generational ‘types’ indicate that Millennials, born from 1980 to 1995, tend to be willing to compromise, have learned to be self-sufficient, and want to [...]

“Digital tools that got little traction for years are now business requirements, not only for productivity, but also for client engagement, business development, even social connection and celebration. The question we have to ask ourselves is no longer how will we adapt to our new normal, but more importantly, how will we create a better normal?” Erica Dhawan, AESC Virtual Conference. May 12, 2021 Erica Dhawan is an award-winning speaker, author and student of innovation and collaboration who spoke about digital body language, why it matters and how to use it to master sales and engagement at the 2021 AESC Virtual Conference, “Thriving in the Next Normal.” A New Language Barrier In a recent study of over 3000 office workers Dhawan found that the average employee is wasting up to four hours per week on poor, unclear or confusing digital communication. If roughly three-fourths of face-to-face communication is nonverbal body language, what are we missing when we are no longer communicating face to face? When we are engaging with people on screen, Dhawan said, “We can't just sense if someone's on the verge of tears or really excited; we can't read the ‘lean in,’ in a sales conversation with a [...]

ESG is more than a guideline for the good times, when companies can afford to be benevolent. Rather, it is a roadmap to sustainable value creation. “Beyond the crisis horizon, more evidence is emerging that companies that follow more narrowly defined ESG standards, on average, outperform the market,” according to the World Economic Forum. (September 2020) Yet, as world economies emerge from the overlapping crises of climate events, social unrest and a global pandemic, organizations that adhere to the ESG ethos have had their commitments tested. HARD CHOICES What do boards see as their responsibility in times of intense challenge? Their first order of business is making sure there is a business. Mpho Nkeli is Director at Search Partners International/AltoPartners in South Africa. “The responsibility of boards during a pandemic or crisis of this nature is multifold. Number one is to make sure that the business survives, if the business doesn't survive, everything else is secondary. When companies become cash strapped, the question is, what do you prioritize?” “This is not just about your environmental footprint or how green your operations are. It is about fundamentally striving to do the right thing by all stakeholders. It is about how you [...]

"What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly.” -Klaus Schwab, Founder and Executive Chairman, World Economic Forum We are entering the era of stakeholder capitalism. What do we mean by that? Lutfey Siddiqi, Managing Director at the CFA Institute and a visiting professor in practice at the London School of Economics describes the shift in corporate leadership “from an allegiance to a single stakeholder—shareholders—to a multi-stakeholder approach,” which requires corporations “to be mindful of their impact, positive and negative, on the environment, on employees, on the societies that they operate in." “All of those things need to be considered,” Siddiqi says. “That is the ethos of stakeholder capitalism.” The concept of corporations taking their responsibilities beyond financial measures such as quarterly returns and profitable growth may be a bit of a pendulum swing. According to The New York Times “Deal Book” columnist Andrew Ross Sorkin, through the mid-20th century “corporations, for the most part, were run for all stakeholders. It was a time defined by organized labor, corporate pension programs, gold-watch retirements and charitable gifts from [...]

Digital technologies are reshaping how humans live and work, and the impact on everything from individuals to economies is immense and growing. Mitigating the disruptive impact of tech and being deliberate about its constructive application is at the heart of Technological Social Responsibility. PUTTING THE TECH REVOLUTION IN CONTEXT Sometime in the 6th century BC Heraclitus wrote, “The only constant in life is change.” Lest we think the current tech revolution is unprecedented, Eric Hazan, Senior Partner at McKinsey & Company, reminds us that we have been here before. “We have experienced three industrial revolutions, even before this one. And the impact of technology on society and the economy is similar each time. It’s destabilizing. Some businesses die, some new businesses are created, and overall the equation is rather positive for economic growth and society also. But the transition is painful. That’s what has happened over the past 250 years."  Digital transformation itself, Hazan explains, has three waves to it. “The first wave, which is occurring from the middle 1990s until now, is digital technology, which includes telecommunications and the internet. The second wave is artificial intelligence, which has been present in a commercial way for the past five to [...]

A Conversation with John Amaechi John Amaechi, OBE is founder of Amaechi Performance Systems, an organizational psychologist, author, Board Director, and thought leader. AESC spoke with him about the relationship between diversity and inclusion and organizational competitiveness. Amaechi is very competitive. “I’m just really interested in winning,” he says. “And diversity and inclusion is one of the elements of that success.” Defying Definition How we look at and define “diverse” is often incomplete, and Amaechi argues that we need to be sure that we are thinking of race and gender inclusively. “It’s amazing when you talk about race, people often imagine that that’s about Black men. When you talk about gender, people often imagine that that’s about white women, and specifically white professional women.” Amaechi adds, “We sometimes act as is if women who don’t have jobs don’t count. That’s not what I think, but it is how we behave.” For Amaechi, absolutely every form of diversity needs to be part of the conversation. “Disability is one of those areas of inclusion that is neither sexy enough nor interesting enough for people to want to have a discussion about. It’s also just dangerous enough so that people with disabilities often [...]

Organizations are being asked to identify diverse talent to fill executive-level positions. The lack of diversity in leadership positions is consistently cited as a critical corporate issue, leading recruiters to pursue a wide range of executive diversity initiatives in 2021. According to an analysis by McKinsey, companies in the top quartile for gender diversity on executive teams were 25% more likely to achieve above-average profitability in 2019 when compared to companies in the fourth quartile. That percentage is up from 21% in 2017 and just 15% in 2014. In the same study, McKinsey found that top-quartile companies for ethnic diversity outperformed those in the fourth quartile by 36% in profitability. Nonetheless, achieving executive diversity is a challenge for many organizations. It is now more important than ever for recruiters to leverage robust sourcing tools so they can meet diversity requirements for ethnicity, age, gender, and experience. Here, we’ll explore why executive diversity trends are driving a shift in how executive boards find their members and how organizations can harness actionable people intelligence to identify the best candidates for leadership roles. RECRUITING ETHNICALLY DIVERSE CANDIDATES There is a heightened imperative for organizations to seek ethnically diverse leaders after a year of [...]

Digital transformation and the pace of change are not new. Leading through transformation at a breakneck pace in the midst of a global pandemic, however, is unprecedented. In a 2021 survey of executive search and leadership consultants, AESC asked its members what topics their clients are discussing the most. The top response by a decisive margin: “Hiring leaders who can drive change.” Boards and C-suites responsible for ensuring their organizations have the right talent for the current environment are looking for leaders who can drive, rather than ride, this tsunami of change. We asked several members from AESC’s Board of Directors and Regional Councils to address this heightened demand for leaders who can drive change. “The thrill of breakthrough creativity doesn’t just belong to upstart companies with the most radical technologies. It can be summoned in all sorts of industries and all walks of life if leaders can reimagine what’s possible in their fields.” —Bill Taylor, Co-Founder of Fast Company, Harvard Business Review December 21, 2016 THE CONTEXT IS COVID-19 The global pandemic is not the impetus for some of the key challenges that organizations face, such as digital transformation, diversity and inclusion, and demands for transparency and purpose. These [...]