Sara Daw, author and expert in fractional leadership, discusses how organizations are shifting from traditional full-time C-suite roles to more flexible models. She highlights the advantages of fractional leadership, emphasizing agility and efficiency. Sara explores the significance of psychological ownership in fostering team relationships and the depth of connections in modern work environments. She advocates for flexible management practices that adapt to changing demands and the value of temporary consultants in navigating challenges.
The shift towards fractional leadership allows organizations to access specialized expertise while maintaining operational agility in a rapidly changing market.
Fostering psychological ownership and open communication is essential for developing strong relationships that drive team innovation and workplace satisfaction.
Deep dives
Understanding the Access Economy
The concept of the access economy is explored, highlighting its significance in modern business models. Organizations are increasingly recognizing the importance of fractional leadership, which provides access to high-level expertise without the need for full-time employment. This approach not only offers flexibility but also allows companies to respond more adeptly to changing market demands. Examples like Netflix and Spotify illustrate how businesses can leverage access to specialized skills while maintaining agility in operations.
The Shift to a Blended Workforce
A blended workforce comprising both core employees and fractional C-suite professionals is essential for future success. Organizations that embrace this model can tap into a diverse skill set and remain competitive amid fast-paced changes. The move towards a mixed employment structure enables businesses to access cutting-edge skills from freelancers and specialists who are often more attuned to emerging trends. This strategic adaptation allows companies to build resilience and enhance their operational capabilities.
Building Relationships through Psychological Ownership
Psychological ownership is crucial for fostering deep and trusting relationships between business leaders and their teams. This involves creating value exchanges that enhance individuals' identities and establish a strong sense of belonging. Practical ways to cultivate this ownership include ensuring open communication, sharing vulnerabilities, and collaborating effectively on projects. By focusing on these relational aspects, organizations can build committed teams that drive innovation and satisfaction in the workplace.
Hear Sara Daw explain how many organizations are challenging the traditional full-time employment model, by moving C-suite positions from the payroll to an “access role.” She describes the benefits of fractional leadership for companies and individuals in her latest book Strategy and Leadership as Service: How the Access Economy Meets the C-Suite.