A theme is emerging among the executives I advise: inflection point.
It's about the economy, societal infrastructure, government policy or direction, work norms, relationships, and more.
External shifts have significant implications for business strategy and leadership behaviors. Importantly, each is highly interdependent with the others. This adds complexity, making it harder to identify the right course.
In math, an inflection point is a directional shift in a curve. In business, inflection occurs at the point of significant change, where the path forward is unlikely to resemble prior paths. It's a turning point.
There are lessons to be learned from the past. And we often find strength in the familiar, particularly as the foundation we build upon. Yet familiarity may also obscure subtle differences or erode the chosen path, (as I discussed here.) This paradox is amplified when significant change occurs across multiple aspects of life and work, as leaders experience repeatedly.
A turning point - the inflection - requires a new direction. Leaders who recognize this also understand that there is no going back. In fact, pursuing a return to “normal” adds little value. Worse: such pursuit precludes the opportunity to learn and grow.
Instead, ask:
If the future must be different, what needs to change in the present?
What role will you play?
How will you create the line of sight needed to navigate the shift and take strategy forward?
Start with yourself, then engage your team, and perhaps, key stakeholders in the success of your business. Their varied perspectives at once broaden the possibilities and highlight themes. Both outcomes make it easier to discern the new path and take decisions, even amid uncertainty.
An inflection point can be a powerful opportunity for your business and your leadership. Those who navigate them successfully drive strategy forward.
Are you ready to capture its value?