The Success Formula: How Smart Leaders Deliver Outstanding Value (
Andrew Kakabadse, Professor of Governance and Leadership at
"In today's VUCA world – that is to say, volatile, uncertain, complex and ambiguous – a business leader needs to build a culture that is driven to create value, and to transform personal vision into the organization's purpose," said Steve Mullinjer, Regional Leader,
Kakabadse shows that smart leaders who sustain success over a long period drive strategy in an 'evidence-led' approach instead of a 'strategy-led' one.
"Even in the age of Big Data, many important decisions are still based on prejudices, preconceptions, entrenched beliefs, outdated worldviews, and even ego," Kakabadse said. "In contrast, smart leaders create an evidence-led culture in the organization that generates sustainable value."
According to The Success Formula, three qualities are essential for value-delivery leaders:
Not just diversity, but diversity of thinking
Increasing the diversity of a leadership team in terms of gender, ethnicity and other demographic factors undoubtedly leads to more creative and broad-minded thinking. High-performing organizations, however, recognize that these benefits will not stick unless the organization creates a process around diversity of thinking to instill a culture that welcomes wide-ranging experiences, viewpoints and interests.
Leadership through alignment and engagement
The effective implementation of a strategy requires top-down engagement and alignment, as well as bottom-up feedback within the organization to test and modify the strategy. During this process, leaders need to facilitate engagement so that people are willing to voluntarily invest their efforts to position the organization to achieve its strategic objectives.
Evidence-led action
Effective leaders critically examine evidence and interrogate the issues through quality data. They recognize the importance of contextual (soft) evidence as well as intellectual (hard) evidence, and seek to test any strategy before it goes live. They make a habit of debating the evidence with their teams to challenge their thinking.
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