Leadership Reflections

MARINE MONEY

“Talent got you in the door,but character will keep you

in the room”John Wooden

Concepts we’ll Explore…

1. Evolving ideas about “the purpose of business”

2. Disruption, disruption everywhere

3. 21st Century Leadership

In 1970, Milton Friedman said………

“Businesses’ sole purpose is to generate profit for shareholders”

August 24, 2019

Why is this an important issue for us to understand?

Millennial Generation – why they matter

Now largest demographic group in US, eclipsing Baby Boomers - 77 million strong The most diverse adult generation in US history – 44% minority composition 25% of US population 30% of voting age population 40% of working age population Higher education attainment versus every other generation Slower than earlier generations to marry, have children, leave parents Establishing new norms - Cultural; Societal; Technology Use; and Lifestyle

Millennial Generation – why they matter

Who are the Millennials? – everyone between ages of 17 and 37 Over 77 million strong, the largest in the US – have now eclipsed the baby boomers The most diverse adult generation in US history – 44% minority composition 25% of US population 30% of voting age population 40% of working age population Higher education attainment versus every other generation Slower than earlier generations to marry, have children, leave parents Establishing new norms - Culture; Societal stewardship; Technology application; and Lifestyle

Millennials will be the economic drivers of the

developed and developing world for the next half century

The new role of Companies:Understanding the expectations of many stakeholders

Business leadership and societal stewardship are now viewed as interdependent

The next generation of leaders will:

Be held to a much higher ethical standard;

Operate in a real-time world that demands greater visibility;

Need to comport themselves with a much higher degree of transparency

Disruption

What is disruption?

Future Needs

Disruption

Current Pain Points

What is disruption?

Future Needs

Disruption…… ……OPPORTUNITY

Current Pain Points

Disruption is the new normal…….

The world’s largest taxi company owns no taxis (Uber)

Largest accommodation provider owns no real estate (Airbnb)

World’s largest movie house does not own or operate any cinemas (Netflix)

The most popular media channel creates no content (Facebook)

World’s most valuable retailer owns no inventory (Alibaba)

Largest software vendors don’t write the apps (Google / Apple)

Largest phone companies own no telecom infrastructure (Skype / WeChat)

Fastest growing banks have no actual money (SocietyOne)

Welcome to the Fourth Industrial Revolution

Transformation Efforts:

How does Travel, Transport and Logistics fare versus

other industries?

We are laggards!

The Gartner Transformation Model versus our reality….…

Most Transport, Logistics and Supply Chain firms are firmly stuck in RUN

Share conquest and cost mitigation schemes do not constitute as GROW initiatives

Technology adoption, product & process innovation, and industry consolidation are all needed to position for future sustainability

Supply Chain Providers

………..

Nearly every business model will be disrupted within the next ten years…....

What are disruption’s implications for your business?

Gartner’s “Run, Grow, Transform” model – where is your company?

Data is the new gold! – How will your company leverage its data?

21st Century Leadership…..

The “Tide” of a Company rises, and falls based on

its leadership

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The only thing great leaders have in common is they are not perfect human beings

What matters most is being Authentic

21st Century Leadership = Authentic Leadership

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Leaders inspire individuals and have a huge impact on team success

Leaders clarify structures, opportunities and challenges

Leaders exemplify cultures and excite people to exceptional performance

What is the role of a Leader? 3 things………

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The Goal: Growing high performance environments is the ideal

leadership goal

The Expectation: A leader’s job is to run a high-performance group -

no matter the condition of the world around you

Goals and Expectations

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How should we understand leadership? – 3 axioms:

o Leadership is: Relational Contextual Non-hierarchical

Understanding Leadership

Separating Fact from Fantasy

What leaders at the top think their people want………

Capacity to develop strategy

Ability to work with a variety of people

Early responsibility for important tasks

Strong achievement goals

Early leadership experience

Experience in business functions

Integrity, trust, concern for people

What a leader’s followers actually want.........

Community Significance Excitement Authenticity

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Leadership Theory

Trait Leadership Focuses on a leader’s personal qualities and characteristics

Suggests leaders are born with natural skills and abilities –

There is no scientific evidence

Behavioral Leadership Suggests that leadership qualities are learned

and obtained through focus and experience -

Believe it!

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Leadership Reflections

Leadership is relational! - And contextual and non-hierarchical too! 20 / 60 / 20 Rule

Best People versus Best Team Can you really say “we have the best people”?

The paradox of great team building is it excludes others Communication is the solution

Communication is essential – choose a channel Principles of respectful communication - Great leaders tell less and ask more

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Values truly make or break a person - and a career

Trust is Everything! - without trust, there is no experimentation Companies that have trust outperform their peers by 93%

Treat smart people as smart Find out what people are good at and let them do it

Trust and Integrity sets the tone

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Revitalizing organizations has little to do with changing people You must change the environment, the context, the attitudes

Making sure people in the group feel valued is the #1 objective in managing an environment

Your intentions don’t matter, only your actions

EQ is essential – sensing and assessing situations is a critical skill

Managing the Environment:Tending to your Company’s Culture

21st Century Leadership is all about Authenticity

Another Reason to Help Employees be Authentic at Work

“People want the freedom to be their authentic selves at work.

Research shows authenticity encourages ethical behavior. When people feel that their professional responsibilities align with their personal values, they’re more likely to act in ways that support those values (and vice versa)”

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Authentic Leadership - What’s the recipe?

Be yourself, more; and do it with greater skill