A generic name for family-run businesses in India, ‘lala companies’ have unique attributes—great rewards…and greater punishment, if the lala stops liking your face!
There is substantial research showing that people who are successful in a holistic way—not just at making money—have high emotional intelligence. Do not confuse intelligence quotient (IQ) with EQ. Effective leaders allow themselves to be emotional privately. They process it, then come back and give the public their best selves, communicating constructively and listening more than talking.
Industrial Revolution 5.0 is human-centric with focus on socio environmental sustainability and brings the power back into the hands of humans. Industry 5.0 will bridge this gap to create future systems and services that focus on social and environmental aspects utilising data and technological advancements from Industry 4.0.
To allay fears around change, make people aware that there is another side to this mountain and help them move toward it and around it. Remember that many innovations brought into the workplace throughout the twentieth century—the telephone, the computer, the internet—were greeted with resistance until they, too, became the new normal.
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