Some Issues Facing Young Executives (2023)

Introduction
In addition to the obvious technological changes occurring and the challenges they cause, non-technical issues also present to young executives.
Some strategies available to deal with managerial issues
- be willing to listen (listen first, ie let others speak first - by doing this you give yourself the opportunity to explore the views of others before providing your opinion:
"...sit down and listen, and listen intently. And then decide on a direction and what your opinion is going to be..."
Angus Ferguson as quoted by Sally Patten, 2023d
furthermore, remember that you don't have all the answers, ie you don't need to be the smartest in a room, etc)
- acknowledge their is no perfect answer (most decisions are made with incomplete information, etc)
- remember that perception is reality (what people believe becomes their reality, despite what the facts state, etc)
- be willing to take risks (be curious, experiment, ask questions; mistakes and failures are learning experiences, etc:
"...failure is actually just progress. If you're trying something new and you're trying to push the boundaries, failure is natural, so you should embrace it, recognise when something's gone wrong and then pivot quickly..."
Angus Ferguson as quoted by Sally Patten, 2023c)
- care about people (put people first, ie win their hearts and minds; don't forget to
"...ask people what matters to them. Ask people, how do they work best? What do they need from me? Do they feel confident, do they feel they are competent? I try to get a real sense of where they're at and adjust to whatever they need..."
Naureen Alam as quoted by Sally Patten, 2023d
- create the right culture, ie
"...as you start to build teams, you'll actually got to start to understand how you motivate people around you...... so that when you're not in the room, people will make a decision based on the vision you've set out..."
Angus Ferguson as quoted by Sally Patten, 2023c
Use emotional intelligence skills, etc to build effective teams, etc; develop relationship building skills; build trust; help others achieve their goals, etc)
- address the work/life balance dilemma (develop mental and physical wellness/well-being; this included parental leave, etc )
- ensure ESG issues are considered (have all stakeholders, including community, on side, etc)
- address diversity and inclusion (encourage everyone to be themselves, ie authentic, etc)
- understand your limitations (take opportunities to grow and develop, ie close the knowledge gaps and keep learning and growing; have a career pathway, etc)
- practice good time management (learn to prioritise; use your time effectively, ie where it will add the most value, etc)
- have a sense of purpose (develop goals around professional and personal life; be focused on achieving your goals, etc)
- enjoy what you do (this is more important than what you are good at; be willing to back yourself, etc; have fun, etc)
- be opportunistic (create your own luck; when interesting opportunities arise, capitalise on them, etc)
- be prepared (preparation allows you to be proactive, rather than reactive; this means understanding the values and priorities of your organisation, etc)