{"id":317,"date":"2013-07-28T20:00:14","date_gmt":"2013-07-28T20:00:14","guid":{"rendered":"http:\/\/www.laserbeamconsulting.com\/blog\/?p=317"},"modified":"2025-03-05T17:16:42","modified_gmt":"2025-03-05T22:16:42","slug":"with-the-realities-of-the-new-normal-come-new-rules-in-business","status":"publish","type":"post","link":"https:\/\/www.laserbeamconsulting.com\/blog\/2013\/07\/with-the-realities-of-the-new-normal-come-new-rules-in-business\/","title":{"rendered":"With New Realities, Come New Rules in Business"},"content":{"rendered":"

The New Normal has morphed to include consequential elements of a \u201cstable disequilibrium.\u201d Be sure to stay close to the market realities and understand the probable scenarios, says Mohammed\u00a0El-Erian, CEO of PIMCO<\/a>, who coined the idea of the New Normal following the Financial Crisis of 2008.<\/p>\n

Stable disequilibrium sounds pretty heavy to me, and thinking about the consequences of continuing disequilibrium is an unsettling thought. But there is a new reality in managing investments and businesses.<\/p>\n

PIMCO\u2019s CEO warns that to navigate with any success in the current environment, investors need to shift away from conventional views, solutions vente parcours obstacle gonflable<\/a> and practices; they must deal with outdated assumptions, strategies and benchmarks. Every business leader needs to take this warning seriously.<\/p>\n

The New Rules <\/b><\/p>\n

Amid economic uncertainty and an environment of transformative change, expect to see an acceleration of non-traditional business strategies, career moves, and innovative ecosystems. Success requires speed, collaboration, innovation, engagement, and a business culture that motivates everyone. While six percent of the U.S. workforce was categorized as freelance in 1990, the number is now 20 to 30 percent.<\/p>\n

\"conductor_shutterstock_59580859\"<\/a><\/p>\n

We\u2019ll see less focus on Ivy League degrees, and more attention to personal capabilities and passions, and doing \u201cgood.” And despite populist talk about corporate greed and heavily compensated CEOs, there will be a greater appreciation for the leaders and leadership throughout the private sector. Well-defined career ladders and rigid hierarchies are becoming pass\u00e9. In just a few years, your businesses or products could be dramatically different requiring different mindsets, skills and relationships.<\/p>\n

This flexibility and forward thinking were rare 10 years ago. The CEO of a Fortune 10 company told me that he was deeply concerned that his marketing heads were promoting a woman in marketing research into a coveted position in marketing. The decision shattered a long-standing intentional division between two silos – the geeks in research and marketing strategists\/business leaders with P&L responsibility. Now with a chance to cross the line, this new leader would be a contender for president of a major operating division, if successful.<\/p>\n

It\u2019s a very risky move, he said. But his discomfort was more about the woman\u2019s age than her capability to do the job or her femininity. She was already 37, and in an up-or-out company, how could she compete with men in comparable jobs who were five to seven years her junior? \u201cWhile it might be an altruistic decision, our management is doing her a disservice.\u201d<\/p>\n

Well the research geek adjusted to her new environment and performed extremely well. Of course this should<\/i> be a silly conversation today. The thinking and rules are different; many of the conventions and biases of \u201cyester-year\u201d are no longer relevant. But too many businesses are still relying on outmoded assumptions, solutions and practices. Their strategies \u2013 business, human capital or otherwise \u2013 aren\u2019t worth their investment in the graphics used to showcase their grand plans.<\/p>\n

Then there\u2019s the issue of doing good. It\u2019s so important that Havas\u2019 CEO David Jones says, \u201cIf you don\u2019t have honorable motivations for doing good, at least do it to avoid getting taken down, because at a time when social media has broken down any last walls between brands and corporations and consumers, bad practices have nowhere to hide. So the new rules for marketing, he said, are the same as the rules for social media: transparency, authenticity and speed.\u201d<\/p>\n

Today we need and expect a flexible, more open CEO. The old stereotypes and mental models are getting creaky and creepy. The story of David Karp, CEO of Tumblr<\/a> is one example. Karp never graduated from high school, yet alone Harvard \u2013 dropping out \u201cto live his passion, which was all things computers,\u201d says his mother. Now thanks to the Tumblr\/Yahoo deal, he\u2019s almost a billionaire. Another refreshing insight: Karp is an introvert, and doesn\u2019t try to hide it. But it\u2019s conventional wisdom that most leaders are extraverts.<\/p>\n

Focused, innovative organizations are not built around pep talks and spin. When people are skeptical or disengaged, they often feel powerless. They are probably operating outside the circle where decisions are made; constrained or underutilized because of the rules or culture. Disengaged employees can also be on autopilot<\/b>, getting the work done \u2013 with little insight into why, what\u2019s involved, and afraid to suggest an alternative or to ask, \u201cIs this approach the best way forward?\u201d<\/p>\n

Your teams are more likely to \u201clean into the business\u201d when they feel ownership for decisions, future strategies and plans. Ask yourself if the optics of leadership are helping or hurting morale in your business.\u00a0<\/b>We\u2019ve seen skeptical, even dysfunctional, organizations rebound quickly once employees and managers have access to critical information and are able to engage in an honest dialogue with members of the leadership team.<\/p>\n

\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

In an environment of transformative change, expect to see more non-traditional business strategies, career moves and choices than ever before.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,6],"tags":[63,61,64,56,57,62],"class_list":["post-317","post","type-post","status-publish","format-standard","hentry","category-innovation","category-leadership","tag-david-jones","tag-david-karp","tag-havas","tag-mohammed-el-erian","tag-pimco","tag-tumblr"],"_links":{"self":[{"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/comments?post=317"}],"version-history":[{"count":13,"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/317\/revisions"}],"predecessor-version":[{"id":419,"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/317\/revisions\/419"}],"wp:attachment":[{"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/media?parent=317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/categories?post=317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.laserbeamconsulting.com\/blog\/wp-json\/wp\/v2\/tags?post=317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}