[MUSIC] Hello learner. In this video, we will understand about new age
organizations and we will also look at what are some of the leadership
challenges for these organizations. As individuals who
are preparing themselves for working as well as leading
in today's organizations, we must understand what are some
of the characteristics of these organizations because that will have
a very important implication on how we lead talent in these organizations. So let us look at what are some of
the important characteristics of these organizations that we have today. The first one, I think it is very
evident that we live in digital times. It has been said in the last five years, 9 out of 10 Indian companies
have been disrupted by technology. So there is technology that is
disrupting the way we used to work. There is technology that
is coming into every aspect of the work that we are doing. The second, very interestingly, it has been said that the technological
advancements that we have made or we would be making in 100
years of the 21st century would be greater than the advancements
that we would have made or we had made in the last 20,000 years. So this is a very strong statement, the
kind of technologies that we are getting, we are developing, the kind of jobs
that are emerging because of them, they are very new, very,
very disruptive and some of these jobs people would not have
even imagined just a few years ago. The last aspect of digital times
is what digital economy has done. It has enabled gig work,
it has enabled platform-based work, What happens in this kind of work? This is
a work that is characterized by gig work: short term contracts, freelancers etc. So there is a lot of flexible work
arrangements that have come in because of the technology
that we are using. People can work from distances,
people can work remotely because they have the technology that
could enable that kind of work. Now, in a world like this, in a world that
is rapidly being disrupted by technology, there is an emergence of what I
like to call as “knowledge work”, What is knowledge work? Knowledge work is work where
people are involved in thinking for a living, so you have to think,
you have to come up with something new because you have to outpace
the disruption that is going to happen. So we all have to now think about what is
it that we can do to better ourselves? What is it that we can do to innovate and
be creative and not get stuck in the routine,
mundane jobs that we are doing? Knowledge workers therefore become
more and more important and become more and more prominent. Gone are the days when an employee was told,
you have to do this one specific thing day in and day out and
they would be doing that specific job. Today, the kind of work that we have,
the kind of people that are coming in, they are told you have to innovate,
you have to come up with new ideas, new solutions and
new ways of doing things. Now, when we talk about knowledge work, and this is something that becomes extremely
important to keep in mind, is when it comes to innovation and
creativity coming up with something new, it is fretted with risks of failures, it
is fretted with taking risk, challenges, and then a lot of times you do a lot of effort
but those efforts could be a failure. The last thing that we should all also
understand is that the generations are changing very, very fast. When we used to think about
the earlier generations of workers, the Baby Boomers who had work
as the only source of living, they will have to, they thought that they
are living because they have to work, they were coming out of the world war, they
were coming out of those difficult times. Then came the Generation X which thought
there is something more than work but work was essentially
a very important aspect. Then came the Millennials or Generation Y,
as we say, who had to actually think beyond what they were doing, this
was the generation that gave us startups. This was the generation which actually
started to think of meaningful work, so every startup during that time
thought of doing something which could give people meaning, not just work, but
also meaning at work, recognition, respect, dignity became important
buzzwords during that time. The last one which is
the current generation, the Generation Z of employees,
which talks about freelance work. Which talks about flexible
work arrangements, entrepreneurship dignity, and
respect in a lot more important sense. Now, all these things combined knowledge
work, digital times, and the changing preferences of workers create
challenges for leaders in organizations. As we define leadership,
leadership is nothing but the ability to take people along and
achieve a common purpose. It is about influencing, it is about inspiring and
we will learn about what is leadership all about in our
subsequent videos of this module. Thank you very much. [MUSIC]
organizations and we will also look at what are some of the leadership
challenges for these organizations. As individuals who
are preparing themselves for working as well as leading
in today's organizations, we must understand what are some
of the characteristics of these organizations because that will have
a very important implication on how we lead talent in these organizations. So let us look at what are some of
the important characteristics of these organizations that we have today. The first one, I think it is very
evident that we live in digital times. It has been said in the last five years, 9 out of 10 Indian companies
have been disrupted by technology. So there is technology that is
disrupting the way we used to work. There is technology that
is coming into every aspect of the work that we are doing. The second, very interestingly, it has been said that the technological
advancements that we have made or we would be making in 100
years of the 21st century would be greater than the advancements
that we would have made or we had made in the last 20,000 years. So this is a very strong statement, the
kind of technologies that we are getting, we are developing, the kind of jobs
that are emerging because of them, they are very new, very,
very disruptive and some of these jobs people would not have
even imagined just a few years ago. The last aspect of digital times
is what digital economy has done. It has enabled gig work,
it has enabled platform-based work, What happens in this kind of work? This is
a work that is characterized by gig work: short term contracts, freelancers etc. So there is a lot of flexible work
arrangements that have come in because of the technology
that we are using. People can work from distances,
people can work remotely because they have the technology that
could enable that kind of work. Now, in a world like this, in a world that
is rapidly being disrupted by technology, there is an emergence of what I
like to call as “knowledge work”, What is knowledge work? Knowledge work is work where
people are involved in thinking for a living, so you have to think,
you have to come up with something new because you have to outpace
the disruption that is going to happen. So we all have to now think about what is
it that we can do to better ourselves? What is it that we can do to innovate and
be creative and not get stuck in the routine,
mundane jobs that we are doing? Knowledge workers therefore become
more and more important and become more and more prominent. Gone are the days when an employee was told,
you have to do this one specific thing day in and day out and
they would be doing that specific job. Today, the kind of work that we have,
the kind of people that are coming in, they are told you have to innovate,
you have to come up with new ideas, new solutions and
new ways of doing things. Now, when we talk about knowledge work, and this is something that becomes extremely
important to keep in mind, is when it comes to innovation and
creativity coming up with something new, it is fretted with risks of failures, it
is fretted with taking risk, challenges, and then a lot of times you do a lot of effort
but those efforts could be a failure. The last thing that we should all also
understand is that the generations are changing very, very fast. When we used to think about
the earlier generations of workers, the Baby Boomers who had work
as the only source of living, they will have to, they thought that they
are living because they have to work, they were coming out of the world war, they
were coming out of those difficult times. Then came the Generation X which thought
there is something more than work but work was essentially
a very important aspect. Then came the Millennials or Generation Y,
as we say, who had to actually think beyond what they were doing, this
was the generation that gave us startups. This was the generation which actually
started to think of meaningful work, so every startup during that time
thought of doing something which could give people meaning, not just work, but
also meaning at work, recognition, respect, dignity became important
buzzwords during that time. The last one which is
the current generation, the Generation Z of employees,
which talks about freelance work. Which talks about flexible
work arrangements, entrepreneurship dignity, and
respect in a lot more important sense. Now, all these things combined knowledge
work, digital times, and the changing preferences of workers create
challenges for leaders in organizations. As we define leadership,
leadership is nothing but the ability to take people along and
achieve a common purpose. It is about influencing, it is about inspiring and
we will learn about what is leadership all about in our
subsequent videos of this module. Thank you very much. [MUSIC]