If you are a young leader in an organisation then I dedicate today's column to you. If though, like me, you're a veteran, then only read on if you can stomach self-examination.
Times are tough for young leaders: their role models in business have failed them; the ideas they were taught have been undermined; and the companies they looked up to have disappeared.
They witness greed oozing out of senior bankers, financiers, even gold merchants. Uncertainty fogging the property sector has left a bad smell lingering over the carcasses of once proud developers. Questions of corporate governance cloud the financial services industry and the neutrality of audit firms is being scrutinised.
Many of the business ideas that a young leader may have learnt over the past few years are now up for grabs. Does the customer always come first, or employees? Is shareholder value the totem to stand under or are there wider responsibilities to society? Will things go back to normal, whatever that means, so that it will be a case of more of the same, but at a slightly slower pace? Do ethics have a serious place in the boardroom and not just in flowery corporate social responsibility brochures?
Even the companies trumpeted as success stories by distinguished academics that young leaders studied turn out to be little more than train wrecks in the annals of corporate history.
There are many examples, but let's take just one: in 2006 the Kellogg Graduate School of Management at the Northwestern University in the US issued a case study on the Washington Mutual (WaMu) bank, an organisation established in 1889. The rose-tinted case study reported how WaMu successfully re-positioned itself as the "Wal-Mart of banking" in the US and how it grew aggressively through acquisitions.
But guess what? By September 2008 WaMu became the largest banking failure in US financial history, triggered by the subprime mortgage crisis.
To make matters worse, when young leaders enter the corporate citadel they bathe in the murky waters of corporate culture. Powerful, opinionated "godfathers" patrol the corridors and act as unappointed gatekeepers to people and process. Young managers must "serve-time", undergo rituals to gain recognition, be told what works, be indoctrinated with control structures, fed paradigms and subjected to symbols to which they must pay homage.
With such immense forces weighing down on young leaders, many of them have thrown in the towel and moved into the placid waters of the government or semi-government sector. And who would blame them?
But as Adam Kingl, the director of the emerging leaders programme at the London Business School, and who was in the UAE recently, stresses: "We urge our participants to think about the levers of culture: why people think the way they do; what are their mindsets and environment?
"Young managers will often look to the top to emulate their leaders, but the next generation of leaders would do better to look at themselves in order to create the leadership culture that is fit for purpose in the 21st century."
Defining the right leadership culture is one of the challenges for today's young executives. But it's not as simple as out with the old and in with the new. In my first role upon joining a corporation with more than 120,000 employees, I was fortunate to be taken under the wing by a veteran in the department. He must have felt a pang of sympathy at the sight of a green-behind-the-ears management trainee.
His introduction to the lay of the land or "how we do things around here, sonny" was an extremely useful lesson in finding the way through the machinery of the organisation. His mentoring and tutoring, alongside encouragement for me to challenge orthodoxy helped me get on and up.
But my experience is, unfortunately, not common. Young leaders' wings are often clipped, so stifling creativity. The programme that Mr Kingl runs helps "young managers develop greater self-awareness, sharpen their decision making ability and create a more results-focused outlook", he says.
Mr Kingl's remarks remind me of the famous "monkey in the cage" experiment, in which bananas were placed at the top of a cage with five monkeys in it. The most adventurous primate rushed up the conveniently placed ladder to reach the fruit. Just before reaching the bananas the monkey was violently hosed down with ice cold water. The other four were also sprayed with the ice cold water. It was the same again when a second monkey went for the bananas. Soon enough the five of them got the message and sat forlornly looking at the bananas from the cage floor.
One monkey was replaced by a new one, who immediately made a dash towards the bananas, only to have the four original monkeys beat him up and prevent him from climbing the ladder. Over time, all of the original monkeys were replaced with new ones and each time a new one went for the fruit the others pulled him back. By the end of the experiment none of the new monkeys had been sprayed with ice cold water, but they still didn't attempt to take the fruit. By now the monkeys had learnt that was just "the way things were done around here".
Young leaders today have a great opportunity to break with many of the unhealthy and deeply damaging aspects of corporate culture that have built up over the past few decades. This opportunity may not present itself for another generation. I guess they are just looking for the assurance that the grizzled guy with the ice-cold water hose is no longer there - can we assure them?
Rehan Khan is a business consultant and writer based in Dubai
Company%20Profile
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Results
Catchweight 60kg: Mohammed Al Katheeri (UAE) beat Mostafa El Hamy (EGY) TKO round 3
Light Heavyweight: Ibrahim El Sawi (EGY) no contest Kevin Oumar (COM) Unintentional knee by Oumer
Catchweight 73kg: Yazid Chouchane (ALG) beat Ahmad Al Boussairy (KUW) Unanimous decision
Featherweight: Faris Khaleel Asha (JOR) beat Yousef Al Housani (UAE) TKO in round 2 through foot injury
Welterweight: Omar Hussein (JOR) beat Yassin Najid (MAR); Split decision
Middleweight: Yousri Belgaroui (TUN) beat Sallah Eddine Dekhissi (MAR); Round-1 TKO
Lightweight: Abdullah Mohammed Ali Musalim (UAE) beat Medhat Hussein (EGY); Triangle choke submission
Welterweight: Abdulla Al Bousheiri (KUW) beat Sofiane Oudina (ALG); Triangle choke Round-1
Lightweight: Mohammad Yahya (UAE) beat Saleem Al Bakri (JOR); Unanimous decision
Bantamweight: Ali Taleb (IRQ) beat Nawras Abzakh (JOR); TKO round-2
Catchweight 63kg: Rany Saadeh (PAL) beat Abdel Ali Hariri (MAR); Unanimous decision
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Getting%20there%20and%20where%20to%20stay
%3Cp%3EFly%20with%20Etihad%20Airways%20from%20Abu%20Dhabi%20to%20New%20York%E2%80%99s%20JFK.%20There's%2011%20flights%20a%20week%20and%20economy%20fares%20start%20at%20around%20Dh5%2C000.%3Cbr%3EStay%20at%20The%20Mark%20Hotel%20on%20the%20city%E2%80%99s%20Upper%20East%20Side.%20Overnight%20stays%20start%20from%20%241395%20per%20night.%3Cbr%3EVisit%20NYC%20Go%2C%20the%20official%20destination%20resource%20for%20New%20York%20City%20for%20all%20the%20latest%20events%2C%20activites%20and%20openings.%3Cbr%3E%3C%2Fp%3E%0A
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
PREMIER LEAGUE FIXTURES
Saturday (UAE kick-off times)
Watford v Leicester City (3.30pm)
Brighton v Arsenal (6pm)
West Ham v Wolves (8.30pm)
Bournemouth v Crystal Palace (10.45pm)
Sunday
Newcastle United v Sheffield United (5pm)
Aston Villa v Chelsea (7.15pm)
Everton v Liverpool (10pm)
Monday
Manchester City v Burnley (11pm)
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E299hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E420Nm%20at%202%2C750rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E12.4L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh157%2C395%20(XLS)%3B%20Dh199%2C395%20(Limited)%3C%2Fp%3E%0A
DUBAI CARNIVAL RESULTS
6.30pm Handicap US$135,000 (Turf) 2,410m
Winner Dubai Future, Harry Bentley (jockey), Saeed bin Suroor (trainer).
7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m
Winner Dubai Love, Patrick Cosgrave, Saeed bin Suroor.
7.40pm Dubai Dash Listed $175,000 (T) 1,000m
Winner: Equilateral, James Doyle, Charles Hills.
8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m
Winner Laser Show, Kevin Stott, Saeed bin Suroor.
8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m
Winner Glorious Journey, James Doyle, Charlie Appleby.
9.25pm Handicap $135,000 (D) 2,000m
Winner George Villiers, Tadhg O’Shea, Satish Seemar.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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