FUTURE TALENT March-May 2019 | Page 21

FEATURES | Mental Health How can the arts and humanities help us navigate disruption? Marc Ventresca, an economic sociologist and associate professor of strategic management at Saïd, pointed out that “disruption is all about pulling things apart and breaking things up. Conversation means ‘to turn over with others’. “The claim I want to put to you is that we need to think more about the humanities, the arts; we need to understand old, old questions that get reframed in new ways,” he said. “At Saïd, we look at very contemporary problems and challenges through the lens of the humanities, the arts, theatre, to ask different kinds of questions. And to do that we’re having conversation, to turn over ideas with others and give us more fruitful, actionable and potentially complex answers. “This is towards complexity,” he admitted. “The mark of a good leader is someone who is able to “there needs to be joy as well” hold fully contradictory certitudes at the same time and still act.” Proposing “this house believes that the work of leaders engages the passions and not the interests”, Ventresca highlighted both the work of social scientist and economist Albert O. Hirschman whose book The Passions and the Interests takes a different perspective on the rise of the modern market economy, and Miguel de Cervantes’ Don Quixote, which formed the basis of a leadership lesson by former Stanford professor James March. “Don Quixote said: ‘I know who I am,’ explained Ventresca. “This is the basis for a line of work saying that leading must be grounded in passion and discipline – and there needs to be joy as well. You have to find something that renews and sustains you over the long term. “In this age of disruption, we have to believe, we have to find joy, we have to look for discipline to harness the passions that define us,” he concluded. F What constitutes resilience and how can we achieve it? To s u r v i v e t h e uncertainty, ambiguity and complexity of disruption, organisations and individuals must cultivate resilience – but what does this mean? F o r S a ï d f e l l ow i n management practice, Dr Eleanor Murray, resilience is “a dynamic concept” involving an organisation’s capacities, capabilities and cultures being able to anticipate disruption proactively and react immediately. “There’s a tendency for businesses to work with a narrow suite of indicators or intelligence around current performance,” she warned. “Part of resilience is broadening these to consider what’s coming towards us.” With interpreting signals, it’s all about “having the mindset, that openness to take on new ideas: listening to trends that might contradict existing ways of working” – and, of course, taking action as a result. “Resilience is a dynamic concept” “One interesting factor is that, as volatility increases, we’re seeing things we once viewed as major crises, as minor disruptions,” she said. Another is a current change of focus around resilience. “Businesses have been helping their people to become more resilient, so there’s been a massive increase in personal resilience training,” she noted. “There’s beginning to be a push-back, with people asking ‘why aren’t you, as an organisation, finding ways to become more resilient?’” To achieve this, leaders must become adept at managing contradictions; for example, businesses must be both reliable (efficient, cost- effective, waste-free) and agile: able to anticipate trends, react to disruption and to innovate and flex at short notice. Effective businesses are using their whole workforce to spot potential trends and signals – and are receptive to these, said Murray. Undertaking scenario planning is one practical way in which leaders minimise risk, stress-test strategies or open up conversations with stakeholders. Senior fellow in management practice, Trudi Lang, explained that unlike models, which are based on a set of assumptions and parameters, or forecasts, that tend to extrapolate from the past, “scenarios simply use the future as a perspective on the present” to help leaders make more robust decisions. They can be used at the start of the innovation process through to reframing an organisation’s identity or taking key decisions. The willingness to undertake such planning is “dependent on all leaders,” stressed Murray. “It’s not just C-suite, but about using all leaders to gather intelligence, and being receptive to different ideas of change and willing to take robust action, even in the face of uncertainty.” March – May 2019 // 21