strategic skills management in a vuca world
TRANSCRIPT
Global ageing
(Speed of) technological innovation
Knowledge economy
Global rebalancing of strategic assets Population Water and energy Personal wealth and consumer spending
Social and economical rise of women
Value shift Individual empowerment Work-life balance Social responsibility Indulgence over restraint
Value creation models Peer-to-peer business models Sharing economy
Organizational architectures
Management paradigms
Nature of work Jobs Career patterns
Work-life integration (or amalgamation?)
Growing inequality
63%
40% 40%
24%
.de .cn .br .us
30-50% of the working age
population is inactive, unemployed or working part-time…
…yet large shares of employers say they can’t fill positions
Source: McKinsey Global Institute (June 2015). A Labour Market That Works: Connecting Talent With Opportunity in the Digital Age
The average “half-life” of a skill contracted approximately five times in the course of a few decades.
½
½
15 years
3 years
1975
2015
% who agree that youth are adequately prepared for the workforce
Less than half of employers and young people believe graduates are adequately prepared…
…in sharp contrast to what educational providers believe.
42% employers
45% youth
72% providers
A third or more of employers believe new hires do not measure up in terms of skills, while educational providers rate students more highly
Source: McKinsey Center for Government (December 2012). Education to
employment: Designing a system that works (online infographic)
Teamwork
Spoken communications
Hand-on training in skill
Written communications
Problem solving
Selected skills, in order of importance to employers Share who rate youth as competent (%)
Employers Providers
0 10 20 30 40 50 60 70 80 90 100
Source: McKinsey Center for Government (December 2012). Education to employment: Designing a system that works (online infographic)
What were you expected to achieve?
How much did you do?
What gaps were there?
What will you have to achieve?
How much can you do now?
Where will the gaps be?
─ Ney, our infantry has been performing disappointingly against the Brits along that ridge. I want you to kick their butts and send them up there again to beat the hell off those bloody redcoats once and for all!
─ But Sire, the Prussian cavalry are coming in on our right! Shouldn’t we send the infantry to make a stand against them before they outflank us?!
─ No, no, no. Let’s deal with the performance gaps first. Move the infantry back up that slope, I told you! And send the Old Guard on their heels. I bet that will improve their attacking skills!
SKILLS BASE
Advanced statistics
CORE CAPABILITY
Big Data Analytics
COMPETITIVE ADVANTAGE
Superior predictive modelling
BUY
or
DEVELOP
Year Year-1 Year-2
Execution challenges (Year+n): just-in-time skill acquisition, ‘pull’ better than ‘push’
Individual actors
Collaborative groups
Leve
l of
inte
rdep
ence
COLLABORATION MODE Improvisational work
Highly reliant on deep expertise across functions
Dependent on fluid deployment of flexible teams
INTEGRATION MODE Systematic, repeatable work Reliant on formal processes,
methodologies or standards Dependent on tight integration
across functional boundaries
Routine Interpretation / judgement
Complexity of work
EXPERT MODE Judgement oriented work
Highly reliant on individual expertise and experience
Dependent on star performance
TRANSACTION MODE Routine work Reliant on formal rules,
procedures and training Dependent on low-discretion
workforce or information
Automation and A.I. are taking over all tasks but the most complex and interdependent ones. The remit of humans will be reduced to a narrower but more demanding skillset.
Source: Davenport, T. (2005). Thinking for a Living: How to get better performance and results from knowlegde
workers. Boston, MA: Harvard Business School Press
Business & Technical Fast and continuous change Require permanent forecasting Just-in-time
Interpersonal Work is becoming
increasingly project- and team-oriented
Virtual teams, remote interaction
Intercultural context
Outer personal
Iniciative, positive outlook, ambition, information processing…
Inner personal Self-knowledge, self-
criticism, learning, decision making, risk taking, emotional resilience…
Adapted from Cardona P. and García-Lombardía, P. (2005). Como desarrollar las competencias de liderazgo.
Pamplona: EUNSA
These two take a much longer time and far more effort to develop…
“For every job, though, the No. 1 thing we look for is general cognitive ability, and it’s not I.Q. It’s learning ability. It’s the ability to process on the fly. It’s the ability to pull together disparate bits of information.”
− Laszlo Bock, Senior VP of People Operations, Google
“Ultimately, our ability to continuously learn and adapt will determine the extent to which we thrive in today’s turbulent times.”
− Center for Creative Leadership
Source: CCL and Columbia University (2012). Learning About Learning Agility: A White Paper
Innovating Defending
Performing
Reflecting
Risking
4 ENABLERS 1 DERAILER
(IRRELEVANT)
“CREATIVE DESTRUCTION”
OF SURPLUS:
retrain / rotate / outplace
BUY
RETAIN & DEPLOY
TRACK & ATTRACT
DEVELOP
Own resources
scarce
abundant
Declining Growing Importance for business strategy
immediate medium to long term
INDIVIDUAL INTERESTS
“I’d like to work and gain experience
on business analytics, because I believe this will be a valuable skill
in the future.”
COMPANY INTERESTS
“We have an issue with changing customer behaviour patterns. We need to understand them better.”
TOUR OF DUTY
Study the issue and recommend
the solution.
Type of tour
(rotational, transformational, foundational)
Measurable outcome
for company
1
4
Mission objective
Measurable outcome
for employee
2
5
Tour duration
Next steps
3
6
Source: Masie Alliance. The Alliance: transforming careeres at LinekdIn
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