In a volatile, uncertain, and globally distributed business environment, executives are finding it harder than ever to keep up. Consider the following trends:
Turbulence has undermined the effectiveness of long-range forecasting and traditional strategic planning in many industries.
Companies are increasingly organized into interdependent, multicompany ecosystems.
The pervasiveness and economics of the digital world have made every business an information business.
The nature of competition has become more diverse, with some environments that are mature and predictable and others highly changeable.
Leaders face new expectations from their more diverse, multigenerational workforces.
A leader cannot single-handedly manage such conditions. Leadership at the top is now a team effort. As we detailed in an earlier article, “The Five Traits of Highly Adaptive Leadership Teams,” top teams must be more than just high performing. They also need to adapt and thrive, regardless of the turbulence they face.
A new BCG study has explored how adaptive teams remain nimble in the face of rapid change. This Focus report explores our findings in more detail and digs deeper into the practices and philosophies behind the five traits to learn what differentiates the adaptive leadership teams that win consistently in the marketplace from their average-performing counterparts.