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Developing the next generation of managers and leaders.
CONTENTS.
Foreword 2
Introduction 3
Our Themes 5
Get Involved 6
1
FOREWORD.
CMI’s Management 4.0 campaign We will be led by the need
seeks to answer what may appear to produce robust, practical
to be a simple question: what will recommendations that individual
good management look like in managers, organisations and the
the future? Government can action to ease
that transformation down the line.
But we live in an age where the
only thing advancing quicker Good managers know that
than technology is how we use self-awareness is a key quality
it to share our experiences. New of inspirational leadership, so
ANN FRANCKE ways of communicating are we will also ensure that the
CMgr CCMI, CEO, CMI shifting the balance of power campaign takes a look at our
within offices and companies own management content and
across the country, and examines what CMI needs to
organisations can no longer do to help managers through
deliver financial performance at our professional framework
the expense of wider corporate and qualifications.
social responsibility without
risking intense scrutiny. I am excited to work with industry-
leaders and role-model managers
In a crowded market of future- across the country to create a
gazers, what sets Mangagement body of work which will both help
4.0 apart? As a chartered body, those in management positions
we are examining the topic from today to future-proof their
the perspective of the public good organisations, and prepare those
- to understand how we can best who will be undertaking these
help managers at every level and positions in the future.
across all sectors transition to a
more rapidly-changing, diverse
and technology-led economy
without widespread disruption
and undue concern.
2
INTRODUCTION.
Over the past two decades, inputs, make decisions to effect job at a time. They are more
digital technologies have outputs, and communicate this environmentally aware, more
become more available and information to other devices and socially conscious and more
increasingly integral to most systems which can undertake diverse - they recognise the
workplaces. This disruption is actions in the real world. Whereas changing face of society and the
set to accelerate over the next in the past a process may require benefits that inclusion brings.
two decades, transforming the the judgement of a skilled
“
workplace and the world. employee, an AI system may
soon be able to direct the process WE HEAR MUCH ABOUT
Management 4.0 seeks to quicker, more efficiently, and DISRUPTION THESE DAYS.
understand what the Fourth having taken into account many THE TRUTH IS THAT THE
Industrial Revolution will mean for more variables than a human GREATEST DISRUPTION IS
the management profession, and
”
mind could. COMING FROM PEOPLE AND
what new skills and knowledge NOT ALGORITHMS.**
we need to be teaching both Much like the respective advents
existing and future leaders. of steam, electricity and IT in the Much of the management theory
“
past three industrial revolutions, used today was developed for the
MANAGERS AT ALL automation will transform vast traditional, hierarchical structures
LEVELS WILL HAVE TO ADAPT swathes of the workforce. of the past, where employees
TO THE WORLD OF SMART Supporters of the technology were usually in a single location,
MACHINES. THE FACT IS,
argue that digital systems will working on discrete workstreams
be able to take over repetitive, and answering to a clear chain
ARTIFICIAL INTELLIGENCE
routine tasks, improving morale of command. As technology
WILL SOON BE ABLE TO DO
and freeing up workers to focus increasingly disrupts these old
THE ADMINISTRATIVE TASKS
on the higher-value activities ways of working, what will be the
THAT CONSUME MUCH OF
which require imagination new role of the manager?
MANAGERS’ TIME FASTER,
and empathy. However, many
”
BETTER, AND AT A These are the trends and
ask what will happen to the
LOWER COST.* employees who used to questions Management 4.0 will
undertake these roles. explore. CMI will be leading a
The Fourth Industrial Revolution national conversation about the
is characterised by the fusion of At the same time, the cultural future of management, seeking
technologies including Artificial expectations of the workforce to engage across industries and
Intelligence (AI), automation and are changing. Millennials do not organisations to understand what
the Internet of Things. Digital expect to work at one company we need to do now to prepare
systems are being developed that for their whole career, nor do current and next generation
can monitor a large number of they always expect to work one leaders for the future.
* Harvard Business Review (2016), How Artificial Intelligence Will Redefine Management
https://hbr.org/2016/11/how-artificial-intelligence-will-redefine-management
** https://www.db.com/newsroom_news/Fuelling_Gender_Diversity_Unlocking_the_impact_of_the_next_generation_workplace.pdf
3
CASE FOR THE CAMPAIGN.
WHY IS THE FUTURE OF Managers play a critical role in that 73% of firms expect to grow the
MANAGEMENT OF CONCERN motivating and engaging staff, and number of people with management
TO ANYONE OUTSIDE OF supporting employee wellbeing. and leadership skills over the next
We know that productivity is 3-5 years.3
THE PROFESSION?
compromised by a poor quality
Management should matter to all of of working life and low levels of Yet the UK is a nation of “accidental”
us. Management skills and practices wellbeing. Poor management managers. Over 70% of employers
are key to improving the quality can damage mental and physical provide little or no management
of work, improving organisational health and working age ill health training4, with the result that 4 in 5
performance and closing the is estimated to cost the economy managers - around 2.4m managers
productivity gap. £100bn annually.2 More engaged across the country - are promoted
and healthier employees are into leadership roles but then left
The Bank of England, HM more productive. to sink or swim when it comes to
Treasury and OECD all agree that management. The impact of this on
management is one of the most We do not believe that technology employees, on businesses and on
important drivers of productivity. will replace managers, but it may the economy is clear.
fundamentally change the role
“
The Bank of England cite a lack
of management quality as an of managers and lead to new
explanation for the UK’s long tail of management tools and practices. THE UK IS A NAT ION OF
For example, if we see a reduction
”
unproductive businesses and the “ACCIDENTAL” MANAGERS.
ONS, when scoring UK companies in the number of repetitive tasks
on management effectiveness, as a result of technology, the role
found that merely improving that of the manager as a source of
score by 0.1 per cent was linked advice to those undertaking more This is why management, and the
to a near 10 per cent increase complex projects will become more future of management, should be
in productivity.1 important. Equally, if automation a matter of concern to all of us.
does result in job displacement, Our Management 4.0 campaign
“
managers will be at the frontline will continue to make the case
of redeploying and reskilling staff for investing in management and
MANAGEMENT PRACTICE
throughout their organisations. leadership skills, and ensure that
IS HIGHLY VARIAB LE IN
we understand how best to equip
BRITAIN, AND EXPLAINS
This may explain why the demand managers for the challenges they
A LARGE PART OF THE for management and leadership will face in the future and help both
UNDERLYING PRODUCTIVITY skills is on the rise. The latest CBI managers and leaders through the
”
GAP WITH THE US.*** education and skills survey shows transformation to come.
*** Be The Business (2018), How Good Is Your Business Really? Raising Our Ambitions For Business Performance, p.19,
https://www.bethebusiness.com/wp-content/uploads/2018/04/how-good-is-your-business-really.pdf
1
ONS (2018) Management practices and productivity in British production and services industries - initial results from the Management and Expectations Survey: 2016,
https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/labourproductivity/articles/ experimentaldataonthemanagementpracticesofmanufacturingbusinessesingreatbritain/2018-04-06
2
Dame Carol Black Review (2008), Working For A Healthier Tomorrow, p.10
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/209782/hwwb-working-for-a-healthier-tomorrow.pdf
3
CBI (2018) Educating the Modern World,
https://cbicdnend.azureedge.net/media/1171/cbi-educating-for-the-modern-world.pdf?v=20190418.4
4
https://www.managers.org.uk/insights/management-2020/~/media/Files/PDF/M2020/Management%202020%20-%20Leadership%20to%20unlock%20long-term%20growth
4
OUR THEMES.
5
GET
INVOLVED.
This paper marks the launch of a
national conversation CMI wants to
lead to understand how employers
and managers across the country are
preparing themselves for the Fourth
Industrial Revolution, and what best
practice looks like.
6
Chartered Management Institute (CMI)
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