Changing leadership mindset in the 4.0 era
Leadership mindset is critical in the digital age and is a key factor in business development. However, more than 80% of businesses have yet to implement digital transformation and have thus missed out on many opportunities for growth. This has an impact on thought leaders because they are not yet ready for change.
Let’s explore the role of leadership thinking in the 4.0 era, as well as how to innovate that mindset.
1. The role of leaders in digital transformation
Leaders play an important role in digital transformation for businesses, as they require an overall vision and understanding of the issue to succeed. To keep up with the times, their leadership thinking needs to change in order to launch a business innovation campaign.
Leaders in Vietnam all want to change the digital model in business administration while actively participating in many seminars and courses, but they ultimately ignore “technology” because they believe it is not appropriate. This is a sign of old thought leaders, and their company can no longer grow.
As a result, the leader must possess an “innovative mindset” and be the one to initiate the change strategy. At the same time, a necessary condition for digital transformation is that departments must work closely together to share information, conduct business, and present challenges in selecting the best digital solution.
To lead a successful digital transformation business today, the leader’s mindset must be very flexible, responsive, and knowledgeable about the technology market.
2. How to change leadership mindset in the 4.0 era?
Changing the mindset of leaders is critical because businesses will be able to take large risks if they do not adapt to the times. As a result, they must be adaptable in order to row their “boat” every day while considering the following factors:
2.1 Make your vision and objectives as specific as possible:
The vision of the leadership has a significant impact on the business in the digital transformation strategy because it is the guideline that brings the organization to the brink of success.
When business owners have a “digitized” leadership mindset, they will be able to recognize new societal and industry trends and apply them to their management apparatus. They will encourage employees to collaborate in order to grow, while mastering the game to achieve the desired results. However, in order to have a vision and set effective goals for digital transformation, leaders must have basic technology knowledge as well as a team of experts to help them understand the changes in the digital market.
2.2 Motivated to make a difference:
Don’t be afraid to empower your employees in order to inspire them to come up with new business ideas. The difference here could be the development of a new service that meets customer needs ranging from a quick purchase process to high technological value. Leaders must remember that employees have the most contact with customers and know the market better than their boss.
As a result, leaders must create environments in which employees can voice their opinions and contribute to the creation of more value for businesses in the digital age.
2.3 Increasing cooperation:
Technology has undeniably aided in the successful management of all enterprise departments. A good leader will understand how to foster internal cohesion and motivate employees to share and support one another.
As a result, the technologies used in the organization will run smoothly, making the digital transformation project a huge success.
2.4 Listening to customers
Customers are a valuable source of revenue for businesses, but their requirements change on a regular basis. When a company is unable to meet its experience requirements, it will most likely turn to competitors.
As a result, a leader with a strong digital transformation mindset will need to understand customer psychology in order to apply the right technologies to meet their needs quickly while also improving the experience trademark.
2.5 Centralized database management
A digital enterprise and a leader with a 4.0 mindset should not allow departmental data to become fragmented and vulnerable. This makes measuring employee performance difficult, and management spends hours reviewing individual reports.
As a result, business leaders must be bold in incorporating a digital management system into the process to connect data and combine employee performance measurement via advanced software such as ERP and online assessment. Continue with it.
These are critical factors that leaders in the digital age must understand in order to promote further business development. To summarize, leadership in the digital age necessitates innovation and the determination to apply technologies to the management process in order to improve business performance. Furthermore, businesses should focus on their employees and customers because they are the ones who contribute to the success of the digital revolution.