Why would a global company fire top MBA graduates who come from some of the most prestigious international business schools? According to a panellist at Leaderex 2017 in Johannesburg in early September, it’s because they weren’t equipped for the workplace. They weren’t adequately prepared to operate in a volatile, uncertain, complex, ambiguous (Vuca) world. Former business giants that once monopolised the market crumbled because they failed to change. Think BlackBerry, Polaroid and Kodak. Businesses that ignore disruptive technologies emerging from the fourth industrial revolution will, as author Ankush Chopra succinctly argues, fall prey to the "dark side of innovation". Similarly, leaders and employees who fail to embrace the technological transition will become redundant. Being relevant in the fourth industrial revolution requires some new skills but, more importantly, also requires replacing traditional linear modes of thinking with vision, understanding, clarity and agility to ...
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