Power Series: The leaders of 2020...
The last decade has been the most exciting decade, which has redefined, challenged, and also made the world think about Technology, Leadership, and Environment needs. What made it compelling is the growth of a new breed of leaders, which has made us think about how we need to think about leadership going forward.
The three companies which I admire and follow: Microsoft, Google, and Adobe have not only seen a new breed of leaders, but these leaders have transformed and led the companies to become category leaders. All three of them - Satya Nadella, Sundar Pichai, and Shantanu Narayen, have challenged the status quo and transformed the companies to set examples of business models that new and old companies are seeking to adopt. Stepping into a Chief Executive role, have debunked the myths that successful and potential career paths should be either in Sales or Marketing. The background and the career have common traits that I have done my best to enlist for all of us to recognize and take cognizant.
Education: All three of them have completed their graduation, and also got a master's degree. The focus puts back on an excellent education that debunks the earlier decade myth that education is not necessary to succeed. Each of them has studied engineering and then went to get an MBA.
Product Management: Career choices and paths are an essential factor for you to be successful. More importantly, I would highly recommend gaining knowledge on how to focus on product management and build skills around that. The last decade saw a significant shortage of individuals with excellent Product Management skills, and this shortage would continue. Being a successful Product Management professional requires to have multiple skills and perspectives to manage successful product management lifecycle.
Humility and Bold: I firmly believe that being humble in your day to day personal and professional is a crucial trait. Even though being a CEO of such large and global giants, all three of them have more than often not have come across being humble. Humbleness doesn't mean that you shouldn't challenge the norm. All three of them have tested the standard in their companies and helped transform the company to become category leaders. Boldness requires one to relook at things, the ability to take risks, appreciate diversity, analyze culture nuances in a corporate setup and lastly, accept failure as well.
Build industry partnerships: Partnerships can be daunting or detrimental, and if it is with an entity that can be considered as competition in the near or long term is perceived as a bad strategy in the corporate world. However, each of them has done the reverse where they have embraced competition successfully and announced partnerships that have challenged the norm. It has not only positioned them and but also their companies as inclusive. The approach has allowed their respective customers to appreciate their move as many customers do not want to get tied into an ecosystem and would like to have the sense of decision making in their own hands.
Global and Growth Markets: The world has now transformed and compelling businesses to go global and consider local nuances. More so, there are significant and emerging markets that are shifting focus from west to east and south and requires leaders to think about how the economies function, thrive, and consider their decisions. Each of them since had an upbringing in India and appreciated the diversity, inclusion and innately understand what moves the largest democracy in the world can apply similar principles in the other growing economies.
I hope this article inspires each one of you, and I look forward to seeing your career excel in 2020 and the decade to come.
I would also recommend reading Satya Nadella's book 'Hit Refresh.' The book gives insights into his life, work, and his approach to things in life.