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Entrepreneurship
Although empathy can enhance your organization, it is not a magic bullet. In this article we explore some of the challenges around empathetic leadership.
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Many people think that innovation only happens in the product or service realm, but in reality it can appear in all aspects of business – Even through your business model. This type of innovation is about rethinking how you structure, position and deliver your offering to the market.
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At the edge of the 3rd-millennium, humankind is confronted with a broad range of severe challenges on different layers while all energy of the current economy is lured by the attractive vision of a digitally optimized world. Will you be lured as well?
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To permeate all aspects of your business, purpose must be baked into the culture. It must be the core focus that animates values, perspectives and behaviors. It is the one thing, if any, that needs to be on the tip of everybody’s tongue when asked about their job.
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In the modern day, the role of the great individual is becoming less impactful and we are moving more towards a model of collective innovation. In science for instance, much of the new discoveries are being made incrementally by people collaborating all over the world – hundreds of people instead of lone genius’s.
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When you want to bring purpose to your organization, you will find that there are different stakeholders you have to convince – with each stakeholders interpreting your change in different ways that you need to be aware of.
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The great thing about learning empathy is that it is a skill that is developed in the mind. You can be practicing empathy in your head when you are trying to interpret what another person’s saying – all without them knowing so.
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We can all seek to improve our company culture, innovate more and come up with better marketing slogans. But none of these efforts will be as effective without a strong reason for being – your organizational purpose.
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Empathy doesn’t need to be confined to certain professions. It can have tangible benefits for any business, such as creating a more cohesive, innovative and happy workforce. Creating a culture of empathy can be your competitive advantage.
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The rise of AI has many people questioning what really makes us unique. Striving for a more purpose-driven life, the cultural shift is about to change every aspect of business; how you manage your team, what products you create, how you brand and what your own purpose as an entrepreneur and leader is.
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