From taxi rides, hotel stays to paying and communicating – almost everything we knew as normal is changing at breakneck speed. Ordinary people are more empowered than ever before, and leaders forever exposed. In the 21st Century, life and business have become ‘open source’ with the advent of free knowledge, abundant talent, and heightened transparency. To succeed and thrive in this new reality, our thoughts and actions must also become open source. As a director or CEO, are you ready for this open source era? Is your board, and the organization’s leadership and management practices keeping up with the fourth industrial revolution that is currently under way?
Now more than ever, boards and CEOs are at the crossroads where they can either ride the tumultuous waves of the Fourth Industrial Revolution (a.k.a. the Open Source Era) and take their brands to greater heights or bottom out into obscurity. By necessity, today’s mantra for the average company must be, “Innovate and differentiate or die.” A key question boards and CEOs must ask is, “How do you govern and lead in the Open Source Era?”