Technology is developing at warp speed, and many of us aren’t yet even up to date with the newest apple software or microsoft programme, and yet the tech geniuses behind the scenes, are already onto designing the next one. It’s hard to keep up sometimes. It’s incredibly impressive how advanced technology has become, however we can find that business owners and leaders in their industry, feel pressured to keep on ball with the changes so that they can stay upto date, and up to speed with the young talented millennials who will present themselves as the future of their companies. Managing director Justin Cobb of Pan Atlantic recently read an article featured on entrepreneur.com, which covered the key ways to meet today’s tech challenges, the article allows business leaders to confidently meet these challenges and continue to grow their organisations, smoothly and tech-hassle free.
Like many others, managing director Justin Cobb of Pan Atlantic based in New York, is also a business leader who sometimes struggles to keep up with the pace as technology advances and a recent study shows that Business leaders across the spectrum agree that technology change and the need for new and different skills in their organizations are the top two impediments to any growth strategy. The article featured on entrepreneur.com offers three top tips for successfuly adressing these tech challenges, which our own business leader Justin Cobb strongly agrees with and puts into place himself.
The first tip which you as a leader can benefit from is, encourage innovation instead of just talking about it. Studies show that by being innovative towards your business strategy, your organization will find better ways to do everything. Managing director Justin Cobb of Pan Atlantic comments on this and says “Innovation is at the heart of growth, in both technology and businesses. I am always looking to learn the latest update on our recruitment programme, our data software and any apps or new additions to my software, that will make the day to day tasks and communication between my colleagues, a little quicker and a little smoother. This leaves more time for the bigger things during the day”.
Secondly, the article advises that as a leader, you should help your people to be bold. No not bald. Bold. According to recent survey results, nearly all leaders said that bold leadership, characterized in part by smart risk-taking, was needed to achieve their company goals. But the executives that were surveyed, acknowledged they aren’t necessarily doing enough to recruit or develop bold leadership skills in their organizations. Entrepreneur Justin Cobb admits this is critical in his field of work and he is always on the lookout for those bold and tenacious characters, and being this competitive edge out in his team of training business leaders. Justin says “As the example in my business, It’s important that I show these traits and encourage a bold and brave mindset amongst everybody, so that they eventually act like a leader who isn’t afraid to take risks”. The article goes on to encourage boldness amongst business leaders and advices them to build innovative teams by creating a culture of courage. Let their own teams push their organizations further than even they thought possible.
Lastly, you should always keep your best talent. Obvious one of course, but the article shows that the majority of the leaders who were surveyed, suggested they expect that a high percentage of their organization’s highest performers may leave. This is a scary prediction, but it’s reality, Justin Cobb of Pan Atlantic knows the exact damage this can have on a team and uses this as momentum to give his top players everything he’s got, to keep him on track. The article says that many might be tempted to move to a company who work with more advanced technologies, and a desire to work with a more innovative company. The most talented people want to be part of something exciting, something up and coming, and something where growth and forward momentum are present. The survey also showed there is an opportunity to better align compensation and bonus structures with innovation, bold leadership, and risk-taking.