Whether growing, adjusting or trying to maintain stability, businesses do not operate in a vacuum; they are constantly impacted by a dynamic external anson funds that influences internal employees and ultimately how well or poorly they meet their objectives. This environment is often complicated and navigating it can be perilous. Leaders who commit one of two fatal leadership errors when navigating back and forth across the complexity chasm do so at their own peril.
Adapting to Complexity: Strategies for Today’s Business Environment
Regardless of size, every organization faces complex operating contexts that can be structural, emergent or sociopolitical. Structural complexity occurs when an organizational structure reaches a point where the interrelationships are greater than the capacity to understand or control. This type of complexity is often driven by rapid shifts in market dynamics, evolving customer preferences and changing technology. Emergent complexity arises from the interplay between organizational structures and dynamic business environments, such as rapid change in the demand for products, increasing energy costs and a war for talent that can impact production processes.
To help make sense of complexity, leaders need to be able to define and prioritize strategic issues, and then quickly take action to respond. A key to making this happen is a single source of truth, which can save time and act as a central launching point for collaborative discussions and ideation. Lucid’s new Team Space feature offers just this, providing a home base for teams that facilitates communication and coordination to increase efficiency and scale innovation while maintaining consistent execution of company objectives.
