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Riding the Waves of Change with Adaptability
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In this episode of the Psych in Business podcast, host Dr. Ernest Wayde delves into the critical leadership skill of adaptability. Drawing on research from the US Army, Dr. Wayde emphasizes the importance of adaptability in leaders, especially in today's fast-paced and constantly changing business environments.
Defining adaptability as the capacity to respond appropriately to changed or changing situations, Dr. Wayde explores two key dimensions: mental adaptability and interpersonal adaptability. Mental adaptability involves adjusting thinking in new situations, handling crises, and dealing with unpredictable work scenarios. Interpersonal adaptability focuses on adjusting behavior for smoother interactions, enhancing team dynamics, and displaying cultural adaptability.
The episode explores why adaptability is crucial for leaders, using the example of how organizations responded to the challenges posed by the COVID-19 pandemic. Dr. Wayde emphasizes that adaptability can be a strategic advantage, especially in competitive and rapidly changing environments.
Highlighting core qualities needed for adaptability, Dr. Wayde discusses self-efficacy, self-regulation, changing perspectives, domain-specific expertise, resiliency, and openness to new ideas. He also explains how leaders can engage in adaptability, emphasizing the importance of self-awareness, situation diagnosis, and working with teams or organizations to implement changes successfully.
To enhance adaptability, Dr. Wayde recommends seeking experiences that require adaptability, seeking feedback, engaging in role-playing, and considering executive coaching.
In conclusion, Dr. Wayde encourages leaders to view adaptability as a competency that not only benefits their leadership but also predicts life and career satisfaction. The episode provides valuable insights for leaders looking to navigate and thrive in today's dynamic business landscape.
You can visit his business website at: https://www.waydeconsulting.com/
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