Management Today's Leadership Lessons

Management Today

Management Today's Leadership Lessons podcast is aimed at entertaining, educating and inspiring people to be better leaders. The podcast delves into the world of leadership and management, bringing fresh insights, trends and advice to the ears of busy senior leaders. We interview CEOs, founders, authors, executive coaches, business professors and other experts to discover the real secrets to effective leadership. We also provide crucial insight into some of the biggest business stories of the day to help you stay ahead of the curve.  Hosted on Acast. See acast.com/privacy for more information.

  1. Julian Birkinshaw: 'Established companies are way more resilient than people give them credit for'

    5 SEPT

    Julian Birkinshaw: 'Established companies are way more resilient than people give them credit for'

    American author F. Scott Fitzgerald famously wrote that: “The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function.” This is also, according to dean of Ivey Business School Julian Birkinshaw and ex-Pearson CEO John Fallon, who have co-authored a new book on established companies in an age of digital change, a good definition of the mindset needed to navigate this kind of disruption. You can think of it, Birkinshaw told MT’s Leadership Lessons, as “being paranoid and pragmatic at the same time”. “So you have to have a certain level of paranoia that any new technology could be something that will make your life very difficult, that will be a threat. The pragmatic bit says, ‘we've lived through many, many rounds of digital changes…Most of our big organisations are still with us’.” To be more precise, as of 2020, only 35 of the Fortune 500 cohort from 1995 - when the internet revolution was really getting underway - had gone bankrupt. Today, its constituents that didn’t exist in 1995 number only 27. The prevailing narrative about established firms, Birkinshaw says, casts them as “relics of a bygone era” - dinosaurs pitted against the unicorns and other fleet-footed disruptors of the digital era. But this narrative, he and Fallon argue in Resurgent: How established organisations can fight back and thrive in an age of digital transformation, ignores many of the inherent strengths that have made these companies market leaders. For many organisations, haunted by the fear of falling victim to their own ‘Kodak moment’, the temptation when faced with a new technology might be to react quickly to counter the perceived threat. Not only, however, are the firms that fail to adapt to digital disruption “the absolute exception” that proves the general rule (namely that “big companies are way more resilient than people give them credit for”), but it’s important to recognise that people tend to overestimate the speed of change and executives therefore often have more time than they might think to work out whether, when and how much to invest in a new technology. Credits: Presenter: Antonia Garrett Peel Producer: Inga Marsden Artwork: Jenny Hardy Hosted on Acast. See acast.com/privacy for more information.

    26 min
  2. AI’s impact on professional services and getting employees comfortable with change

    21 AUG

    AI’s impact on professional services and getting employees comfortable with change

    On this week’s episode, MT’s editorial team discusses the impact of AI on professional services and the role of psychological safety in business transformation. Is AI coming for your job? If you’re a consultant that question might have been hard to shake in recent months, after a slew of headlines warned of the impact on the profession and data showed that the Big 4 scaled back their entry-level hiring programmes last year – by as much as 33% in KPMG’s case (compared with 2023). It’s clear that AI is squeezing employment in professional services firms, London Business School professor Michael Jacobides wrote in a recent piece for MT. He suggests, however, that “the death of the firm is greatly exaggerated”. We consider his argument. Humans, famously, are uncomfortable with change - but transformation, by definition, requires us to disrupt what’s familiar. That tension is at the heart of many large-scale organisational change projects, and could be one reason why the success rate for such initiatives remains dismally low. In a recent piece for MT, Lesley Cooper outlines the role of company culture in driving innovation, engagement, and in helping employees to get comfortable with the unfamiliar. We discuss how leaders can create a psychologically safe environment. Credits: Presenters: Éilis Cronin and Antonia Garrett Peel Producer: Inga Marsden Artwork: Jenny Hardy Hosted on Acast. See acast.com/privacy for more information.

    8 min
  3. Leading transformation and obstacles to women’s career progression in professional services

    31 JUL

    Leading transformation and obstacles to women’s career progression in professional services

    In this week’s episode, we discuss how to elevate your business transformation abilities and the obstacles to women’s career progression in professional services. Ever heard of a ‘wicked problem’? Identified by two social scientists, Horst Rittel and Melvin Webber, in the 1970s, these are problems that are difficult or impossible to solve because of the numerous interlinked challenges they present, which are often in flux, may be contradictory, and involve multiple decision-makers. In a recent piece, MT columnist Chris Dalton argues that ‘wicked problems’ are one reason why business transformation is seldom straightforward. With the failure rate for such projects notoriously high, we bring you Dalton’s advice to support leaders in their organisational change endeavours.  It may be 2025, but the number of women in M&A and professional services who feel their path to the C-suite has been hindered by sexist bias and discrimination is startlingly high (as many as one in three in the US). That’s the sobering picture revealed by a survey by CIL Management Consultants, which also cited imposter syndrome as a hindrance to career progression for women working in professional services. Éilis Cronin discusses her interview with CIL partner Tabitha Elwes, who offered her thoughts on how companies within the industry can support women as they climb the corporate ladder. Credits: Presenters: Antonia Garrett Peel and Éilis Cronin Producer: Inga Marsden Artwork: David Robinson Links: https://www.managementtoday.co.uk/five-personal-practices-art-business-transformation/mt-columnist/article/1927141 https://www.managementtoday.co.uk/imposter-syndrome-lack-role-models-shape-womens-careers-professional-services/interviews/article/1926495 Hosted on Acast. See acast.com/privacy for more information.

    9 min

About

Management Today's Leadership Lessons podcast is aimed at entertaining, educating and inspiring people to be better leaders. The podcast delves into the world of leadership and management, bringing fresh insights, trends and advice to the ears of busy senior leaders. We interview CEOs, founders, authors, executive coaches, business professors and other experts to discover the real secrets to effective leadership. We also provide crucial insight into some of the biggest business stories of the day to help you stay ahead of the curve.  Hosted on Acast. See acast.com/privacy for more information.

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