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November 10, 2020

Data-Driven Leadership in a World of Rapid Innovation

As the world of technology is constantly evolving, organizations must accept and implement data-driven leadership to remain relevant and see continuous growth. Data-driven leadership ties together business purpose and business impact, and without these two principles, business success will be challenging 

In Favor of the Analytics  

According to R&G Global Consultants, “data-driven leadership is an integrated approach to leadership, change management, and data analytics in a continuous improvement environment.” This approach to leadership is one that organizations must take daily. By doing so, companies will be able to experience growth, sustain a competitive advantageand become efficient and innovative.  

As mentioned iSupply Chain Management Reviewdata-driven leadership should be embraced for three reasons 

  1. Enhanced agility to adapt and faster course-correction  
  2. Increased insights and improved productivity 
  3. Better collaboration leading to enhanced innovation 

As technology continues to evolve into a vital component within the workplace, data-driven skillsets will yield competitive advantages, and as a result, companies that implement data-driven leadership will position themselves for future innovations.  

Leaders Lead with Numbers  

Rather than making important decisions based on intuition or experience, organizations have the opportunity to lead when conclusions are made through careful examination of the available information. In an article by Harvard Business Review, Amazon’s Senior Vice President of Worldwide HR mentioned that “The most consistent thing we see that’s changing is the need for some level of technical skills in any job. Companies should have a team of experts who monitor their data and analytics orientation to keep up with the fast-paced business environment.  

Data-Driven Industry 

As a third-party logistics and transportation providerFWF is focused on providing full-service logistics solutions to its clients through industry-leading service and reliability. With advanced technology and innovation, FWF provides solutions through three distinct service features. 

  1. Dedicated representatives 
  2. Automated TMS implementation  
  3. Managed freight teams 

FWF has earned its rapid growth through a forward-thinking mindsetData-driven leadership is what drives FWF toward continuous growth and a sustainable competitive advantage 

Summary   

Traditional approaches to leadership are no longer the status quo. As told by Supply Chain Management ReviewBig data will be the guide for improving operations, and overcoming challenge[s]. Companies that define their impact and react with numbers will become leaders in a world of rapid innovationIn order to remain relevant and see continuous growth, data-driven leadership will overtake traditional approaches in big picture decision-making 

FWF RESOURCE CENTER