Adaptability
What do we look for in times of uncertainty? Surprisingly, the answer isn’t necessarily expertise or a steady hand. It’s adaptability.
According to a 2020 study by Harvard Business School, 71% of 1500 executives from over 90 countries rated adaptability as the most valuable trait in leadership.
In other words, we don’t want a leader who’s qualified to see us through this crisis. We want one with the aptitude to make the best of any crisis.
In a VUCA world, adaptability and resilience are no longer regarded as ‘nice-to-haves’. Acting quickly at scale and bringing others along with you – in the face of political, economic and climatic uncertainty – confers considerable competitive advantage.
In recognition of this, leaders are being forced to confront how resilience and adaptability to change fit into their business strategy.
As Greg Case, CEO of AON points out, “If resilience drives opportunity in times of volatility, then it’s not ancillary to the core business”.