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Changing Leadership Symposium "Smart Working - The Revolution of Work" highlights the challenges the working world faces in the future Munich, 27 February 2014 - For the third time, the HVB Women's Council invited participants to the Changing Leadership Symposium in the HVB Forum. Entitled "Smart Working – The Revolution of Work", the evening event featuring high-calibre speakers dealt with key issues about the future of the working world, and comprised a keynote speech from Professor Isabell Welpe (Chair for Strategy and Organization at the Technische Universität München School of Management) followed by a panel discussion with participants Dr Theodor Weimer (Board Spokesman of HypoVereinsbank – UniCredit Bank AG), Dr Marita Kraemer (Member of the Supervisory Board of HypoVereinsbank and President of the HVB Women's Council; Member of the Holding Board of Zurich Group in Germany), Frank H. Lutz (former member of the Coordination Council of the ALDI SÜD group), Andrea Pfundmeier (Managing Director of Secomba GmbH), Peter Rampling (Member of the Board, Telefónica Germany) and Annette Roeckl (Managing Director of Roeckl Handschuhe und Accessoires GmbH & Co. KG). The event was presented by well-known TV journalist Nina Ruge, who also has her finger on the pulse topically, with her current TV programme Forum Manager. Improvised time travel – Roland Trescher from the Improvationstheather isar 148 A journey through time to 2030 The event started with a surprise. The Munich Impro-Theater isar 148 got the nearly 300 guests comprising HVB customers and famous faces from the worlds of business, politics and academia in the mood for the theme of the evening. The two actors involved the audience as they dealt with key topics of the future of the working world and of leadership. For this purpose, 1 they sent the audience on a journey through time, starting in the rigidly industrialised world of the 1960s office and ending in the fully-digitalised year 2030. Dr Marita Kraemer, President of the Women's Council and hostess, opened the evening Everyone must face the new challenges In her opening speech "Demographic change, migration and the resulting more heterogeneous workforce, together with the increasing digitalisation and globalisation of the working world, represent irreversible mega-trends that will thoroughly shake up our working world", Dr Marita Kraemer, hostess and President of the Women's Council, emphasised that it is high time to consider new management models. Dr Kraemer believes that in times where teams cooperate only virtually, new project teams have to be constantly motivated and intercultural cooperation will become a decisive factor for success, the traditional form of top-down leadership has outlived its purpose. She is convinced that everybody will have to face up to the new challenges – and the sooner we do this, the greater the possibilities we have for shaping working life. 2 Working trends of the future – Prof. Isabell Welpe and presenter Nina Ruge Managing in tomorrow's world is like white-water kayaking In her keynote speech "Leadership in 2030 – possible strategies for a new working and management style", Professor Isabell Welpe (Chair for Strategy and Organization at the Technische Universität München School of Management) highlighted the new working and management styles that will be necessary in the future. To ensure success in the future too, the leaders of tomorrow would have to, above all, take a less direct path and break out of the common mould. According to the study, which was conducted by Professor Welpe together with TUM, complexity, democratisation and openness are particular challenges that will bring about significant changes to the working world. Firstly, managers would have to learn how to deal with the requirements associated with these challenges. These include models such as democratically-elected bosses or freely determinable salaries and working hours. "Tomorrow's management style can be compared with white-water kayaking. By adjusting continuously to the different flows, managers can become flexibility managers." 3 High-level discussion – presenter Nina Ruge and speakers (from left) Dr Marita Kraemer, Frank H. Lutz, Peter Rampling, Dr Theodor Weimer, Annette Roeckl and Andrea Pfundmeier Classic boundaries become blurred In times when entire companies can be managed from a smart phone, permanent jobs such as those at company headquarters or in offices become less important. This flexibility will also revolutionise the conventional concept of the "permanent employee". Professor Welpe referred to the "Liquid" programme of the IT company IBM, where the classic company boundaries have become blurred and the core workforce is made up of a pool of "permanent freelance staff" that can be used for various projects, depending on their area of expertise. Smart working models such as these meet the growing demand among workers for independent and autonomous work and flexible working hours, for example. Nonetheless, despite all the new challenges, two requirements of the manager in 2030 remain the same; as Professor Welpe summarised, "Both now and in the future, employees will want to be treated fairly and with mutual trust". 4 New technologies facilitate flexible working – Peter Rampling from Telefónica Germany Virtual meetings and flexible working Following up on this, presenter Nina Ruge opened the hour-long panel discussion with the question as to what the participants imagine the future will hold for working patterns at their companies. Digitalisation plays a particularly important role here. For Peter Rampling, Managing Director of Telefónica Digital Germany, many of the smart working concepts have already become a reality: "I don't have my own desk in the office. I take care of most things with my smart phone or laptop while travelling, or in my home office. Business meetings with my team or customers from around the world are held virtually. I believe this trend will reinforce itself further." Owing to rapidly progressing globalisation, the latest translation technology allows us to easily conduct meetings with employees of various nationalities. "I speak Chinese, without being able to speak Chinese," Rampling confirmed with a smile. Dr Marita Kramer warned against losing sight of one's employees amid all the euphoria surrounding the digital age: "Although the digital revolution makes many work processes easier, with its new communication opportunities, such as e-rooms, video conferencing and social media, we should keep in mind that the work that has to be carried out by people will become more demanding." 5 Sophisticated thinking but straightforward communication – HVB Board Spokesman, Dr Theodor Weimer, on new types of leadership Work-life balance and individual freedom The younger generation in particular is increasingly facing the challenge of reconciling family and career. Annette Roeckl, Managing Director of the long-established Munich-based company Roeckl Handschuhe und Accessoires GmbH & Co., ascertained that "Companies must adjust their culture more towards meeting the growing demand for a well-adjusted work-life balance. Working from home, sabbaticals and part-time work will therefore increasingly become the norm." Andrea Pfundmeier, Managing Director of the start-up Secomba GmbH and winner of the HVB women start-up entrepreneurs mentoring programme in 2012, also saw this as an important trend. However, she warned against stipulating flexibility to employees: "The company will only benefit if flexibility comes from below; in other words, if it is really the way that employees live. A home office for everybody and in all cases does not make any sense." Frank H. Lutz, former member of the Coordination Council of the ALDI SÜD group, also knows that the associated individual freedom and personal responsibility for employees can represent a high degree of responsibility for companies. "Having learnt differently for many decades, employees are often unable to deal with the new freedom offered to them." It is particularly important here for companies to address the needs of their employees for support and orientation. "Employees need "crash barriers" to go their own way in an authentic manner and with ever greater independence. Some have less freedom while others have more". According to Lutz, it is the duty of a responsibly-minded manager to adjust this freedom to meet the individual needs of the employee. 6 Ever-increasing demand for independence – Andrea Pfundmeier from Secomba GmbH on the employees of the future Flat hierarchies and empowerment The desire to work as part of a team while maintaining the highest degree of independence and personal responsibility is top of the list for Generation Y graduates. Hierarchies play an increasingly marginal role. "We know that the "command and control" style of management is finally over," Dr Weimer confirmed. "We are in the middle of a "war for talent". We have to adjust to the new requirements so as to continue to be an attractive employer for the talent of the future". Nonetheless, strong leadership will be essential in the future too. The HVB Board Spokesman believes that the main task of tomorrow's leaders will above all be to empower their employees. Promoting entrepreneurial reasoning is just as important as transmitting values. "Only those employees who know why and what they are doing, do so with the necessary efficiency," Dr Weimer added. 7 After two hours of debate and discussion – a group photo of the participants At the end of the event, everybody agreed: It is down to the lateral thinkers The main question at the end of the debate was what qualities the leaders of the future would have to bring on board. Soft skills, such as authenticity, enthusiasm, power of persuasion, empathy and a sense of responsibility were stated in particular. Managers still have to act as role models. This is the only way to motivate employees and to create innovation through inspiration. Trust should not be underestimated either. Peter Rampling got to the heart of the matter with regard to management through trust, with his statement "Hard to win and easy to lose". The plenary session largely agreed on how the leaders of the future should present themselves. Managers are expected to foster confidence in taking a new approach and not to fear lateral thinkers - at best, they are ones themselves. Alternatively, as Dr Theodor Weimer summarised at the end: "We need leaders who are able to think through complicated matters but communicate them simply." Daniel Rowe 8.4.14 12:48 Kommentar [1]: nur einmal "O"! (vgl. dt. Text) 8