The term "organizational sustainability" is rapidly gaining traction in the business world. But what does it really mean and why is it so important? As an executive coach, I've been inspired by my mentor, Dr. Morris, who profoundly stated, "Only 10% of businesses that started in 1950 still exist, and those that do, are transformational." This insight sparked a realization. To thrive in the future, organizations must embrace the values of sustainability, innovation, and, most importantly, transformation.
Organizational Sustainability: Beyond the Fiscal Year
We often find organizations planning merely for the next fiscal year or two. This short-sighted approach is a constraint to potential growth. The true essence of organizational sustainability lies in thinking beyond immediate goals, projecting well into the future.
This means contemplating the dynamics of talent, workforce, technology, and innovation. It's about considering advancements in artificial intelligence and other related fields. But at its core, it's about people. What expectations do we have of people, and what type of leadership is required for the future?
Preparing for the Future: The 2030 Leader
The leadership required in 2030 and beyond is remarkably different from that of 1980. This 50-year gap represents a monumental shift in the way we view leadership and organizational structure. The leaders of the future need to be adaptable, innovative, and ready to handle unforeseeable circumstances.
Understanding the Forces that Shape Outcomes
To truly grasp the concept of organizational sustainability, we must understand the forces that shape our outcomes. Global events, such as the recent pandemic, have significantly impacted various industries. How prepared is your organization for the next major global event?
This is where the idea of organizational readiness comes into play. Preparation and readiness are key to ensuring the sustainability and viability of an organization. The more prepared an organization is, the more likely it is to attract smart, talented individuals who are eager to contribute to a sustainable future.
Embrace the power of organizational sustainability and ensure your organization's future through transformation. It's time to think beyond the fiscal year and prepare for the decades to come. Only then can we hope to be part of the 10% of businesses that stand the test of time.
Ready to transform your organization's future? Get in touch with our team of executive coaches today, and let's prepare your organization for a sustainable future.
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