People and Management January 2019 | Page 20

LEAD STORY Neuroscience and the 21st Century LEADERSHIP CHALLENGE Alistair Schofi eld Director MyBrain International Limited I n 2001 the legendary business guru Peter Drucker said: “The traditional company, which is now 120 years old, is not likely to survive the next 25 years. Legally and fi nancially yes, but not structurally and economically.” If he was right, as he was about most of his predictions, then we are today right in the middle of that change. We a l l k n ow a b o u t t h e i m p a c t machinery, computers, and the internet have had on the economic landscape, but far less attention is paid to the way we work, the types of challenges people face and the relationships employees have with their organisations. Yet surely, this is the area where the greatest change is occurring? It is a change of enormous magnitude, being the fi rst time in history that the expectations we have of our employees, are in direct confl ict with the default ways in which human brains work. Broadly speaking, human brains perform three cognitive functions: they manage our instinctive and automatic functions; they store and retrieve our memories;and they enable us to think. 20 | Vol. 10 Issue 1 • JANUARY 2019, Noida