 | From the Editor's Desk
How trust, not power, is increasingly the currency of leadership As business moves into a more social age, the responsibility for promoting trust has become fundamental not just for leadership, but for the overall health of a company's single largest asset: its employees
As baseball great Yogi Berra once said, "The problem with the future is that it ain't what it used to be." And the future world of the CEO will be very different from the one in which most CEOs have learnt their current leadership skills. Before the pandemic, the converging trends of technology, diversity and Gen Y were already disrupting the industrial age way of working. Now, the pandemic is further accelerating our journey into a different paradigm. A paradigm which some have referred to as the social age.
In this social age of business, trust, not power, will be the glue that holds us all together. As Stephen Covey commented in his recent article, 'The New Role of Trust in the Pandemic' - 'Leaders today should be deliberately extending trust to their teams, because the currency of trust is the single most important asset they have... Trust is baseline humanity and we need it to solve our problems.' So as we make this transition from the industrial age to the social age, leaders will need to unpick the old habits of power and learn new habits of trust, because only trust can provide the level of psychological safety that the modern stakeholder demands.
Continued here
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