The manufacturing field is changing rapidly due to Industry 4.0, and good leadership is vital during these changes. Human Resources Online said, "It is the role of leaders to guide their teams and to be mindful of these forces when making business decisions that would impact on the sustainability of their organisations. They should thus grasp the opportunity and power so as to shape the Fourth Industrial Revolution and direct it toward a future that reflects the organisation values and success." Staying up to date and educated on the latest news and technology is very important. Communicating with your employees through any changes will keep them comfortable and on board.
Digitisation has an impact on all organisations including small and medium entreprises (SMEs) across various sectors or industries. In each case, the impact is a different one which makes it essential for companies to have a good understanding and view of what they face and how digitisation will affect their company: which opportunities can be seised and which threats have to be faced? The impact of digital disruption has to be managed alongside the more general volatile, unpredictable, complex and ambiguous (VUCA) operating conditions of recent years. Leaders are facing the almost overwhelming task of restoring confidence and respect in leadership and business. They are being called upon to guide organisations through times of turbulence and uncertainty, to show the way forward and to set an example. And all this in the face of an increasingly disruptive global economy and in a climate of cynicism and mistrust – tough economic and political circumstances by any standards. Read More