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Mastering Leadership Transitions: Timeless Advice for C-Suite Executives This weekly newsletter shares leadership insights, strategies and actionable steps for senior leaders and aspiring ones.
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Thank you for being part of my journey, and I look forward to sharing my most valuable content with you! From #Telco to #TechCo: The Talent Transformation Telcos Can't Afford to Miss! In the race 🏁 to evolve from traditional connectivity providers ☎️ to 👩💻tech-driven innovators, telcos face a critical challenge: closing the talent gap. McKinsey & Company's latest insights reveal that talent is the linchpin for this transformation, with over 80% of telco leaders citing it as essential for value creation. Yet, telcos lag 📉 behind tech companies in key skill areas like product management & digital analytics, with only 11% of telco employees possessing product management skills compared to 20% in tech companies To bridge 🌉 this gap, telcos must act across 4 dimensions: talent management, culture, operating model, & leadership. Notably, telcos' employee value proposition scores are 8% lower than those of tech companies, particularly in culture and values! Key Data Points - Talent & Skills: 82% of telco C-suite executives cite talent & skills as critical for value creation, far more than any other factor - Skills Gap: Telcos lag behind consumer tech companies in crucial skill areas, with a 9% point deficit in digital and analytics roles - Automation & AI: Consumer tech companies increased job postings requiring automation skills by 56% annually between 2018 and 2022, while telcos grew such postings by just 15% - Generative AI: Research found that generative AI could boost the productivity of the telco workforce by 35% to 70%
1. Revamp the Hiring Process: Telcos need to build a candidate-centric hiring process 2. Broaden the Talent Pool: Telcos should hire for values & intrinsics rather than experience, & consider non-industry talent 3. Lean into Career Development: Create portfolios of innovative career development opportunities, including technical expert tracks 4. Embrace Mobility & Flexibility: Increase internal mobility
1. Visionary Creativeness: The ability to challenge the status quo & innovate within & beyond the core 2. Assured Decision Making: Leaders need to execute decisions confidently & decisively 3. Dynamic Implementation: Flexibility in executing transformation plans 4. Resilient Risk Taking: Embrace a "fail fast to innovate" mentality
___________________________________________________________________ Featured Events & Training The Thinkers50 Radar identifies a cohort of 30 up-and-coming thinkers whose ideas are predicted to make an important impact on management thinking in the future. Nominate me for 2025 [Here] The Pilot Program for Certified Transition Coach™ has 12 participants and is now closed. _____________________________________________________________________ About Navid NazemianRanked as the world’s #1 Executive Coach by CEO Today for the 2nd year running, I use interventions that are designed to overcome obstacles quickly. Over the last 2 decades, I have helped hundreds of executives successfully eliminate unproductive thinking and solve their toughest, most complex challenges. In return, they have supported their organisations to build world-class cultures primed to create new markets, accelerate performance, increase productivity, and develop game-changing value propositions.
👉🏼 5 More ways to connect with me and my work:
Marshall Goldsmith says it‘s „The ultimate guide to executive transitions to help leaders achieve their highest potential.“
Prof. Dave Ulrich names it „The compendium book on transitions, a critical topic in these days of uncertainty & change.“
Dr. Hannes Ametsreiter says it „provides brilliant insights on what makes successful careers.“
What's Next? Stay tuned for upcoming newsletter editions where I'll be sharing fresh and actionable insights about the world of leadership.
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