• Thursday, December 26, 2024
businessday logo

BusinessDay

Navigating the Future: Insights from Professor Paul Griffith on Strategic Leadership and Innovation

Prof. Paul Griffith

In this exclusive interview, Professor Paul Griffith shares invaluable insights on how leaders can navigate the complexities of today’s rapidly evolving world with resilience, innovation, and strategic foresight. Professor Paul Griffith, is a trailblazing academic who led the first management team to launch a rocket into space. He will be leveraging TEXEM’s proven and tested methodology to bring unparalleled expertise to TEXEM’s upcoming programme, Strategic Leadership Redefined: Thriving in This Digital and Disruptive Era, scheduled for 25th–28th November 2024 in Oxford. He will be joined by two other distinguished faculty members: John Peters, renowned leadership speaker and former Chair of the Association of MBAs—an organisation that accredits elite institutions like Harvard, Stanford, Wharton, and IMD—and Prof. Rodria Laline, a global technology innovator and former SVP at Oracle and visiting professor at Harvard, INSEAD and IESE. 

How can leaders foster a culture of innovation?

Innovation flourishes when leaders empower their teams to think creatively and take calculated risks. 3M’s policy of giving employees time to explore new ideas has led to iconic products like Post-it Notes. Leaders must create an environment where innovation is encouraged and rewarded. TEXEM’s forthcoming programme provides strategies to help leaders build this culture across their organisations.

What’s the key to thriving in uncertain times?

Resilience comes from being prepared for change. Airbnb adapted quickly during the pandemic by shifting its focus to short-term rentals. Leaders who prioritise flexibility and adaptability ensure their organisations can weather storms and seize new opportunities. TEXEM’s programmes generally, and her forthcoming programme, inspire leaders to embed resilience as a core organisational capability.

How can leaders use foresight to stay ahead?

Strategic foresight helps leaders anticipate and prepare for future challenges. Singapore’s Centre for Strategic Futures uses scenario planning to inform its policy decisions. By considering multiple possible futures, leaders can make better decisions today. TEXEM’s programmes provide practical tools to help leaders future-proof their organisations, ensuring they are always a step ahead.

What leadership practices drive adaptability?

In volatile markets, the ability to pivot is essential. Alibaba’s shift to livestream e-commerce during a downturn demonstrates how adaptive models can open new revenue streams. Leaders must stay attuned to market shifts and be ready to change direction quickly. TEXEM’s forthcoming programme inspires leaders to adopt flexible strategies that ensure sustained success.

How can leaders balance short-term wins with long-term innovation?

Effective leaders know that steady improvements and bold innovations are both essential. Porsche, for example, refines its existing car models while investing heavily in electric vehicles. Leaders must ensure that their organisations can manage both incremental and transformative changes. TEXEM’s programmes offer frameworks for achieving this balance, helping organisations innovate without losing focus.

How do you prepare your organisation for the future of work?

Flexible work environments, supported by digital tools, are becoming the norm. Fujitsu’s “Work Life Shift” programme shows how hybrid models improve productivity while supporting employee well-being. Leaders must design work environments that attract and retain top talent. TEXEM’s forthcoming programme equips leaders to build adaptable workplaces that meet the demands of modern employees.

How can leaders ensure long-term impact after implementing new strategies?

Sustained success requires oversight. Unilever’s innovation councils ensure that new initiatives align with broader strategic goals. Leaders must establish mechanisms to track progress and maintain momentum. TEXEM’s programmes generally, and her forthcoming programme, inspire leaders to implement governance structures that keep their organisations aligned and on course for long-term success. For more information, email [email protected] or visit the website https://texem.co.uk/strategic-leadership-redefined-thriving-in-this-digital-and-disruptive-era/ to register.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp