How to Focus on the Future with Rohit Talwar
On this week's episode of the Building Back Better podcast, our Global Ambassador host Luke Murfitt is joined by the renowned futurist Rohit Talwar. Rohit has more than a decade of experience working as a futurist, with various company sizes, and even governments.
He explained the factors shaping the future in the business world. Apart from the pandemic and its aftermath, talking about both artificial intelligence and cryptocurrencies.
Rohit said we need to have FFL, the future-focused leaders, to successfully predict what is most likely to happen in the future. This way we would be able to act, instead of only react to unpredictable events.
He also talked about what the key features of FFL are, and how focused leaders can lead us towards a brighter future. He debated on whether or not people need to change their behaviour in order to produce better results and if it is necessary for them to go through some more formal trainings.
Our host and Rohit explore the importance of acquiring knowledge regarding digital transformation. They discuss how opening up people's minds can work wonders for businesses in the future.
Since the future was the main topic of the day, it was inevitable to hear about Tesla. Rohit explained that there are three main factors that led to Tesla working on constantly improving every aspect of their business.
He explained why Elon Musk is a great example of a future-focused leader. He didn't disclose purchasing bitcoins until their value went through the roof. He's constantly working on a sustainable model for his business. All of this increases his influential power, which simultaneously increases his brand power.
Even if he fails in one of his attempts, he makes sure that he doesn't employ all his eggs in a single basket. This way, he keeps winning even if he makes a couple of bad calls.
The leadership plays a great role in this equation, as there are often cases where people avoid making a change until they are forced to.
Then there's the issue of not knowing how to employ a certain change. There's also the fear of getting a change wrong, thus making a mistake. However, this is all solved by a single, incredibly powerful solution–learning. When there's a basic understanding of concepts needed to go through a big change, the above- mentioned issues often tend to disappear.
The interview ends with our guest giving advice on how to become an FFL and encourages us not to give up even when we face hardships. Rohit sees curiosity and learning, being willing to experiment and explore new possibilities, and tenacity in trying new things out - even if they occasionally fail - as key points for becoming an FFL.
He finishes off with highlighting how important it is to treat the future of your company as a continuous part of running a business, rather than just discussing it once or twice a year. We need to try to factor in as many possible outcomes as possible whenever a new business plan is introduced.
If you want to find out how future-focused leaders perform well, join our UK Business Awards ceremony and celebrate the future with us on July 8th