Leadership 2030

About the Author

Georg Vielmetter is a distinguished member of Hay Group's European Leadership Team and serves as the regional director for Europe in Hay Group's Leadership and Talent Practice. His work predominantly revolves around guiding executives and top teams through leadership transformation. Vielmetter is also a prolific writer and speaker on topics related to leadership and talent.

Yvonne Sell is the director of Leadership and Talent-UK & Ireland for Hay Group. She collaborates with renowned experts like Daniel Goleman and Richard Boyatzis on researching emotional intelligence. Sell’s contributions to leadership and talent development are well-regarded, making her an influential figure in the field.

Main Idea

Leadership 2030 by Georg Vielmetter and Yvonne Sell delves into the six megatrends that are expected to reshape businesses by the year 2030. These trends include Globalization 2.0, the Environmental Crisis, Individualization and Value Pluralism, the Digital Era, Demographic Change, and Technological Convergence. The book provides a comprehensive analysis of these trends, emphasizing the need for leaders to adapt and thrive amidst profound changes. It advocates for altrocentric leadership, focusing on the collective rather than individual gains.

Table of Contents

1. Introduction
2. Globalization 2.0
3. The Environmental Crisis
4. Individualization and Value Pluralism
5. The Digital Era
6. Demographic Change
7. Technological Convergence
8. Reinforcers, Dilemmas, and the Perfect Storm
9. The Altrocentric Leader

Introduction

The future is uncertain, and it is easy to misinterpret trends and jump to incorrect conclusions. Foresight analysis, a robust cross-disciplinary research method focusing on social science, helps in understanding long-term, transformational processes that have global reach and impact. According to Vielmetter and Sell, six megatrends are set to create significant shifts in the business environment by 2030. These megatrends will demand that leaders cultivate new skills and adopt innovative approaches to steer their organizations through upcoming challenges.

Globalization 2.0

Globalization 2.0 signifies a shift in the global economic balance, particularly towards Asia, and an expansion of the middle class in emerging nations. Unlike its predecessor, Globalization 2.0 involves multi-directional flows of goods, people, and capital. It challenges traditional trade patterns and necessitates new marketing strategies and operating models.

• Shifts in Economic Power: The East will no longer serve as just a production hub for the West. Instead, there will be a dynamic exchange of goods and services between East and West.
• Disrupted Trade Patterns: Emerging markets will engage in increased trade among themselves, reducing dependence on Western economies.
• Glocalization: Companies must adapt to local consumer demands, as a one-size-fits-all approach will no longer suffice.
• Increased Complexity: Leaders will face heightened cognitive and strategic demands, necessitating enhanced contextual awareness and adaptability.

For instance, a Western company might find itself competing with local firms in China while simultaneously collaborating with Asian partners to tap into new markets. The growing middle class in these regions will demand products tailored to their unique cultural preferences, making it essential for businesses to think globally but act locally.

The Environmental Crisis

The environmental crisis, driven by climate change and resource depletion, poses significant challenges and opportunities for businesses. Companies must integrate sustainability into their operations to remain competitive and mitigate catastrophic impacts on society and the economy.