Management and Leadership in the Digital Age Flashcards
Three core tensions of digital transformation for global companies
Furr, N., Ozcan, P., & Eisenhardt, K. M. (2022). What is digital transformation? Core tensions facing established companies on the global stage. Global Strategy Journal, 12(4), 595–618.
- Products vs. Platforms
- Firms vs. Ecosystems
- People vs. Tools
The authors identify eight main guidelines for successful digital transformation (DT) (8)
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
- Digital Strategy
- Digital Skills
- Digital Culture
- Adequate IT Infrastructure
- Top Management Support
- Business Agility
- Innovation and
- Modern Organizational Structure
- Digital Strategy
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
It aligns IT and business objectives, outlines organizational change, and responds to market conditions.
- Business Agility
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Adapting to changes in the business environment and customer needs.
- Innovation and Ambidexterity
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Balancing innovation both within and outside the core business while maintaining traditional value streams.
- Modern Organizational Structure
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Adopting a structure that fosters openness, collaboration, and agility.
- Digital Culture
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Developing a culture that supports creativity, equality, flexibility, and openness, essential for enabling innovation and agility.
- Top Management Support
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Highlighting the critical role of senior management’s support.
- Adequate IT Infrastructure
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Robust IT infrastructure that supports efficient, reliable operations and integrates new technologies.
- Digital Skills
Van Veldhoven, Z., & Vanthienen, J. (2023). Best practices for digital transformation based on a systematic literature review. Digital Transformation and Society, 2(2), 104–128.
Ensuring employees possess the necessary digital skills relevant to strategy, technology, data science, and cybersecurity.
The concept of New Ways of Working
Aroles, J., Cecez-Kecmanovic, D., Dale, K., Kingma, S. F., & Mitev, N. (2021). New ways of working (NWW): Workplace transformation in the digital age. Information and Organization, 31(4), 100378-.
NWW is discussed as a multifaceted phenomenon integrating spatiotemporal, technological, and socio-cultural dimensions, challenging traditional bureaucratic structures and promoting flexibility, adaptability, and dynamicity as core values.
Analyze the pro/ cons NWW (NWW -> new ways of working)
Aroles, J., Cecez-Kecmanovic, D., Dale, K., Kingma, S. F., & Mitev, N. (2021). New ways of working (NWW): Workplace transformation in the digital age. Information and Organization, 31(4), 100378-.
-> Modern communication technologies changing the labor market.
+ It enables remote and mobile working to collaborative and crowd-sourced projects, reflecting a shift towards more autonomous, flexible, and potentially precarious work arrangements.
-> New work agreements such as digital nomadism to platform-mediated labor changing the relationship between work, organizations, and individuals.
+ new opportunities for flexibility and autonomy
- concerns about worker exploitation and job insecurity
-> Hybrid working/ coworker; rematerialize work outside traditional office settings
- challenges related to work-life balance, social isolation, and the potential intensification of work.
Industry 2.0 (late 19th century to early 20th century)
- Production relies on human labor and basic machinery
- Using of steam power and electricity
- Increasing productivity and industrial output with assemble lines
Scientific management (Frederic taylor)
Classical management theory(Henri fayol)
Scientific management (Frederic taylor)
- Analysis tasks and workers to divide tasks into small tasks and improve efficiency.
Classical management theory (Henri fayol)
- Functions of management: Planning, organizing, commanding, coordinating, controlling
industry 3.0 (1970-current)
- Digitalization, automation of processes by using computers and the internet connecting people
- Hybrid working and the globalization enhances outsourcing operation
- Flatter organizational structures
Industry 4.0
- Digital, physical and biological improvement
- IoT and AI enhance smart connected systems to further improve customization and efficiency
Explain Taylorism and the 14 principles of classical management
- Division of work (specialization increases efficiency)
- Authority (management gives orders)
- Discipline (employees must obey)
- Unity of commend (just one supervisor)
- Unity of direction (one plan for one goal)
- Subordination of individual interest to the general interest
- Remuneration (fair payment)
- Centralization (centralizing and decentralizing authority)
- Scalar chain (chain of command from top to bottom)
- Order (everything in its proper place)
- Equity (fair treatment of employees)
- Stability of tenure of personnel (retaining good employees benefits the organization)
- Initiative (allow employees to take initiative)
- Esprit de corps (promote team spirit and unity among employees)
Lean Management
-> Eliminating waste, just in time, continuous improvement, Kisen action
Digital transformation (3)
- Digitization: Converting analog information into digital formats.
- Digitalization: Utilizing of technology to transform business processes
- Digital transformation: Introduces new business models of how to create value based on new technologies. It requires new strategic thinking
Three stages of how AI influences and changes leadership
The Now, New, and Next of Digital Leadership: How Artificial Intelligence (AI) Will Take Over and Change Leadership as We Know It
(1) Now (the current state of leadership): Leadership adapting to digital communication tools
+ Accelerated through covid.
(2) New (how AI can augment leadership): AI as partners of human leaders.
+ Offering data-driven insights and recommendations to enhance leadership effectiveness.
(3) Next (AI substituting human leadership): Complete assumption of leader roles.
+ fully managing task-oriented, relational, and change-oriented functions
+ offering personalized, unbiased, and efficient feedback and interaction.
-> AI could replace human leaders since it could be capable of motivating and enabling employees towards organizational goals.
Diffferent types of motivation for digital transformation (2)
Viewing Digital Transformation through the Lens of Transformational Leadership
Planned transformations:
-> Voluntary and driven by internal motivations to gain competitive advantage or meet consumer demands, involving a strategic, phased approach to technology upgrade.
Forced transformations:
-> Voluntary, prompted by external crises or events, requiring rapid and often reactive changes with limited planning.
*For forced transformations; effectiveness of TLBs may be influenced by gender norms, with communal (traditionally feminine) leadership traits playing a moderating role.
Transformational leader behaviors (TLB) -> Essential for managing digital transformation. (4)
Viewing Digital Transformation through the Lens of Transformational Leadership
(1) Creating a new vision
(2) Inspiring and motivating employees
(3) Providing individualized support
(4) Encouraging innovative thinking
Balancing both leadership styles is important (2)
How to take employees on the digital transformation journey: An experimental study on complementary leadership behaviors in managing organizational change
-> to gain employees trust and reduce resistance to change.
-> to implement DT (digital transformation) initiatives and managing employee perceptions
Assess leaders effectiveness in driving digital transformation (DT) by focusing on 15 key dimensions of leadership :
Measuring the Human Dimensions of Digital Leadership for Successful Digital Transformation: Digital leaders can use the authors’ Digital Leadership Scale to assess their own readiness and ability to accelerate digital transformation.
- Honesty
- Humility
- Courage
- Ethical AI
- Growth Mindset
- Transparent Agenda
- Data Focus
- Inspire Engagement
- Storytelling
- Digital Literacy
- Positive Attitude
- Skills Acquisition
- Knowledge Sharing
- Participative Style
- Track Record
Trait theory (1930s)
Trait theory
-> Identify traits which are common for leaders, such as:
- Confidence, intelligence, charisma …
Behavioral theories (1940) (def)
-> Focuses on how leaders should behave
- Ohio state studies:
- Universities of Michigan of Studies
Contingency theory (1960s) (3)
Fiedler´s contingency model: situational favorableness factors
1. Leader-member relations
2. Task structure
3. Position power
Transactional leadership (1980s)
Transactional leadership
-> Exchange based; using extrinsic motivation
1. Contingent rewards; using rewards and punishments to motivate 2. Management-by-exception; only intervene when necessary
Transformational leadership (1980s) (4)
-> Motivation of employees to achieve common goals
- Idealized influence: purpose drive “walk the talk”
- Inspirational motivation: inspiring followers
- Individualized consideration: people drive, genuine concern for needs of followers
- Intellectual stimulation: innovating, challenges follwers to be innovative and creative.
Why human leaders cannot be replaced: (4)
- When it comes to decision making
- When it comes to new situations
- The social component of human collaboration
- Defining goals and purpose of job
Network
Stable social structure, can also be an exchange of support. It influences our personal performance but also the performance of a company overall.
Networking behavior (3)
- Building – establishing new connections.
- Maintaining – maintaining established connections, staying in contact
- Using behavior – Utilizing network for own benefit.
Leadership emergence
Who has a leadership character, has leadership qualities. Good networking behavior can make someone being perceived as a leader. Focuses on the people aspect of leadership.
Three critical skills of CEOs according to Adam Bryant
- Simplifiy complexity
- Being fully accountable
- Listening stakeholders
Explain the two problematic kinds of leaders according to Adam Grant
- Cheerleaders: By just focusing on the strengths of someone, they become overconfident and rely to strongly on them and stop improving their weaknesses.
- Critics: Motivation will decrease, and people will doubt themselves
Explain the best kind of leader according to Adam Grant
- Coaches: see peoples potential and help them to improve.
Explain the three tips on how to deliver feedback.
- Deliver feedback in real time, so people recognize the room for improvement themselves.
- Segment praise from criticism, clearly segment the praises and criticism.
- Focus on behavior change, making sure people understand that the feedback is meant in the best way possible. Showing them that you are on their team.
Summary of: Accenture. (2024). Human by design: How AI unleashes the next level of human potential.
- AI enhances human capabilities rather than replacing them
- Technology will become more intuitive, intelligent, and integrated into every aspect of our lives