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Business

The connected mindset

BUSINESS MATTERS BEYOND THE BOTTOM LINE - Francis J. Kong - The Philippine Star

Here are some corny daddy jokes about connection:

Who was the best-connected president? Abraham LinkedIn! What do you call a Chinese cow that’s connected to a computer network? “Moolan.” While you are cringing or gnashing your teeth with the corniness of these “Connection” jokes, here is the last one, I promise: They say if you’ve seen one connected group of stores...You’ve seen a mall.

Take a moment to reminisce about your time in college. Imagine standing at the center of your university campus. To your right is the College of Engineering, its robust structure standing as a testament to innovation. The College of Medicine looms directly in front, symbolic of dedication to health and care. To your left, the College of Architecture reaches ambitiously toward the sky. Behind you, the expansive grounds house the colleges of Fine Arts, Social Sciences and others, each a bustling center of scholarly and creative pursuit. You then step into one of these academic buildings, spending years soaking in the wisdom and education it offers. Upon graduation, clad in your cap and gown, you step out into the world only to discover that life isn’t segmented like the distinct departments on campus. Instead, you find life demands a synthesis of disciplines, especially in business, where everything is interconnected far beyond the isolated silos of university faculties. It may take you a while, but eventually, you will realize that everything is interconnected.

Leaders face new challenges and opportunities in today’s fast-evolving business landscape, marked by swift technological advances and global interconnectedness.

The modern leader must develop a “connected mindset,” a dynamic approach that fuses technology, strategy and deep human insight.

This mindset not only addresses the complex challenges of today but also capitalizes on emerging opportunities, setting the stage for a future of sustainable growth.

Traditional business models often view organizational functions as isolated units – distinct silos operating independently. However, a connected mindset requires leaders to see these functions as parts of a greater whole – an interconnected ecosystem where collaboration across departments, industries and even sectors is crucial.

For example, consider cybersecurity: once a concern solely for IT departments, it is now a vital element of overall business strategy, reflecting the need for a comprehensive and integrated approach to protect critical data and systems.

Leaders must embrace a global perspective to effectively lead their organizations, remaining vigilant about geopolitical shifts, economic trends and cultural differences.

This expansive viewpoint enriches the decision-making process with diverse insights, equipping leaders to better navigate our intricate global landscape. Understanding the importance of this global approach, Inspire Leadership Consultancy, in which I am actively involved, has actively engaged with it. We have formed a strategic partnership with The Singapore University of Social Sciences to facilitate an exchange of training programs and students. This collaboration is designed to provide a comprehensive understanding of the global environment, equipping them with exposure to diverse cultures and industry experts. Through this initiative, our students and leaders are broadening their horizons, forging networks and creating opportunities for new business ventures and startups.

Again, this is an initiative formed from a connected mindset.

Central to this mindset is the adept use of advanced technologies such as artificial intelligence (AI), machine learning and big data analytics. These tools are facilitators and enablers, allowing leaders to sift through vast data, identify patterns and predict trends.

Predictive analytics, for instance, can foresee shifts in market dynamics, consumer behavior and potential risks, providing a significant strategic edge.

Yet, more than technology is required. It must be harmoniously integrated with business strategies to enhance efficiency, drive growth and foster innovation without disruption. This balance ensures that technological advancements serve broader business goals, keeping companies resilient and adaptable.

Moreover, the human element remains irreplaceable. Effective leadership is fundamentally about fostering a culture of collaboration where cross-functional teams are encouraged to work together, solve problems and innovate. Such collaboration brings varied perspectives to the table, enhances creativity and ensures that solutions are well-rounded and effective.

Furthermore, contemporary leaders need to excel in emotional intelligence. They must inspire, empathize and build strong relationships within their teams. Creating an inclusive environment where every team member feels valued and understood is essential for tapping into the workforce’s full potential.

So, what do all these mean? Adopting a connected mindset equips business leaders with the tools to thrive in an ever-changing global market. It combines the strategic use of technology with a holistic view of organizational operations and an unwavering focus on human potential and collaboration. By doing so, leaders can ensure not just the survival but their organizations’ long-term success and growth. The leaders who will stand out will be those who can integrate technology, strategy and human insight into a cohesive plan that drives progress and innovation. I hope you see the connection.

 

(Francis Kong’s “Inspiring Excellence” podcast is now available on Spotify, Apple, Google or other podcast streaming platforms).

CONNECTION

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