The modern world is rapidly changing, with increased complexity and volatility, making it increasingly difficult to predict the future. With new technologies and an ever-shifting political landscape, planning for the future can be fraught with uncertainty. This creates a unique challenge for leaders navigating these changes and managing teams through them. Moreover, as the pace of change continues to accelerate in many industries and sectors, leaders must develop strategies to cope with unexpected changes to remain competitive and agile.
The role of a leader is to make decisions confidently during times of tremendous change, uncertainty, and volatility. A leader should constantly be scanning the horizon to identify threats and opportunities and making course corrections. My mentor, John Maxwell, says, “A leader is one who sees more than others see, who sees farther than others see, and who sees before others do.”
However, it can be extremely intimidating and frightening for leaders to take charge during these hardships. This is because they are constantly bombarded with new data that often contradict each other, making it difficult to make decisions accurately that will help lead the organization toward success. Leaders must have the courage and resilience to face challenging obstacles head-on to create an environment of trust and stability for their team members.
Pinpoint What You Can Control
Identify What You Cannot Control
According to global business strategist and author Jim Collins, “Good leaders recognize that some things are simply beyond their control. Once you have identified what you cannot control, the key is to accept it and shift your focus to what you can control.” Step one in coping with unexpected changes is recognizing what is out of your control and accepting it, allowing you to redirect energy toward those areas where you can affect a change.
Acknowledging what is outside your control allows you to make the most of the situations that can be changed and devise strategies for anticipating, managing, and responding to unexpected change. Methods can include:
- Creating systems such as contingency plans.
- Tracking past changes.
- Having flexible policies to deal with unforeseen developments.
By equipping yourself with strategies for coping with unexpected changes, you can stay ahead of the curve, have a greater capacity for innovation, and create an environment where you can still achieve organizational goals, even under challenging circumstances.
Identify What You Can Control
Knowing what you can control is essential to coping with unexpected changes and achieving lasting success. By recognizing which areas require more attention, you can dedicate more resources and prioritize investments into strategies that will help you manage any changes that may occur. In addition, focusing your energy on these factors will enable you to use them effectively and efficiently, allowing you to produce better results in the long run.
One powerful example of someone succeeding in unexpected circumstances is Steve Jobs. When he was fired from Apple in 1985, Jobs could have given up, but instead, he focused on what he could control. He bought the computer graphics division from Lucasfilm, developed it into Pixar, and eventually sold it to Disney for billions of dollars. He also started NeXT Computer and NeXTSTEP Operating System, which caught the attention of Apple. In 1997, his former company bought NeXTSTEP and rehired him as the CEO, turning around Apple’s fortunes and leading to its revitalization. By focusing on what was in his control, Jobs turned a seemingly disastrous situation into an incredible success story.
Develop a Framework for Decision Making
Creating a framework for decision-making during rapid change and uncertainty can help increase clarity and confidence. Creating a framework for decision-making can be broken down into four easy steps:
- Understand the context – identify the core drivers of the situation or problem and how quickly they may change.
- Outline an ideal outcome and the potential risks associated with it.
- Gather data – assess available sources such as external research, industry metrics, or customer feedback.
- Use proven decision-making models to identify the best path forward based on relevant data points. By following these simple steps, leaders can make informed decisions faster and more accurately during rapid change and uncertainty.
Let’s break these steps down:
Understand the Context
Understanding the context of a situation or problem is essential for making informed decisions. To do this, one must first identify the core drivers behind the problem or situation. These drivers include current market trends, customer feedback, industry news, and more. Once you identify these core drivers, it is essential to assess how quickly they could change over time. This can provide insight into the potential risks and opportunities associated with the problem or situation and inform decision-making strategies.
For example, let’s say you are assessing the potential risks and opportunities associated with launching a new product. In this situation, it would be important to identify the core drivers behind the market demand for this product, such as existing customer feedback or industry trends. Then, you must determine how quickly these core drivers may change over time – is the market demand fluctuating rapidly or staying steady? These insights can then help inform decisions on strategies and tactics to maximize potential opportunity while minimizing the potential risk associated with launching the new product.
Outline the Ideal Outcome
Outlining an ideal outcome and its potential risks is the next step in preparing for any decision. Start by clearly defining your ideal outcome, then consider what factors or external variables could potentially interfere with achieving this goal. This can help you identify possible risks associated with the decision. Once you identify these risks, developing strategies to minimize or eliminate them is crucial to increase the likelihood of achieving your desired outcome.
For example, let’s say you are launching a new product. Your ideal outcome would be for the product to be successful in the market and generate positive returns on your investment. However, there are potential risks associated with this goal, such as economic instability, volatile customer demand, and competition from similar products. To reduce these risks, it is important to build a sound plan that considers these factors and any other variables that could interfere with achieving the desired outcome.
Gather Data
Gathering data for a decision can be done through a variety of sources. External research is one way to start by looking into the latest industry trends and news stories related to your decision. Metrics within the industry can provide valuable insights into customer habits, preferences, and other market indicators. Lastly, customer feedback provides an important perspective on how a specific decision may be received by its stakeholders. Combining these available data sources makes it possible to understand better the potential risks involved with the proposed decision.
Use Proven Decision Making Models
Proven decision-making models are important for evaluating and identifying the best path forward with any decision. One popular model industry leaders use is the Six Thinking Hats technique, developed by Edward de Bono. This model encourages analytical thinking by breaking down a decision into different subcategories, such as data-based facts or positive/negative emotions associated with the decision. As explained by Amazon CEO Jeff Bezos: “By using this technique, you force yourself to look at decisions from a variety of perspectives which leads to better solutions.”
Another highly recommended decision-making model is SWOT (strengths, weaknesses, opportunities, and threats). (Here’s a link to a good overview of how to do this that includes a free template.)
This process involves analyzing the internal and external factors that can affect any given decision. Highly influential business thinker Gary Hamel said, “SWOT is a powerful tool to uncover opportunities in the midst of chaos and uncertainty. It helps decision-makers focus on what matters most while providing insight into the potential risks that could derail progress.”
Finally, the Kepner-Tregoe method looks at four key areas when making decisions: Situation Appraisal, Problem Analysis, Decision Analysis, and Potential Problem Analysis. Jack Ma, the co-founder of Alibaba Group, said, “Kepner Tregoe is one of the most effective in helping companies make sound decisions.” Using these proven tools to think critically through a situation makes it possible to make an informed decision considering all relevant data points.
Embrace Adaptability
Making quick and effective decisions during rapid change and uncertainty can be challenging, but it also offers an opportunity to embrace adaptability. As former President Barack Obama said, “change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek.” By staying open-minded and embracing change, it is possible to develop new skills and create a positive impact in uncertain circumstances.
The Bible states in Ecclesiastes 3:1-2: “To everything, there is a season, and a time to every purpose under heaven; A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted.”
Life is ever-changing, from joyous celebrations down to heart-wrenching losses. Yet, during these moments of transition, we are presented with the chance for growth and development. Edward de Bono, the creator of the Six Thinking Hats framework, said: “You cannot dig a hole in a different place by digging the same hole deeper.” In other words, we must be willing to make changes in order to find success.
By committing ourselves to open-mindedness and willingness to explore new ideas, we can discover skills that may have otherwise gone unrealized. This way, we can create positive outcomes even during adversity – making sure that our choices lead us toward progress instead of disaster!
As innovator Elon Musk puts it: “failure is an option here. If things are not failing, you are not innovating enough.” This mindset encourages taking risks, exploring new paths, and learning from mistakes along the way. Adapting quickly to changing circumstances can be seen as an opportunity rather than a threat, potentially leading to unexpected future successes.
Failure is an option here. If things are not failing, you are not innovating enough.
Stay Frosty, My Friends
It’s essential to stay flexible and adaptable to rapid change and uncertainty. Taking a proactive approach to embracing change can open up new opportunities and paths toward growth and development. The Bible reminds us that life is ever-changing, with moments of joy and heartache; during these moments, we have the chance to create positive outcomes. We must be willing to explore new ideas and take risks to succeed.
To make the most out of unexpected challenges, individuals need to take actionable steps such as identifying their strengths and weaknesses, brainstorming creative solutions, and reflecting on their experiences. Additionally, individuals will be more likely to reach their goals despite unexpected obstacles by cultivating an attitude of open-mindedness and resilience. Lastly, remember that failure can often lead to future successes – so don’t be afraid to take chances!
Overall, we all need to recognize both the potential benefits and risks associated with a change to maximize our potential for success during turbulent times. Taking actionable steps such as understanding our strengths and weaknesses, being willing to try out different approaches, and having a resilient mindset can help ensure we weather any storm confidently.
Leave your comments below. I’d love to hear them!