When Ajay Banga took over as CEO of Mastercard, in 2010, he knew that disruption of the payments industry was imminent. But rather than compete for market share within the 15% of global payments that were already electronic, he decided to focus the company’s growth on the 85% that were still made by cash and check transactions. For him, the financial inclusion of individuals and small businesses that lacked access to the formal financial system became both a business imperative and a societal responsibility. It called for new mindsets and behaviors around talent, clients, the market, technology, and government.
Greg Mably
What Makes a Great Leader?
Mastering the ABCs of innovation at scale.
September 19, 2022
· Long read
Summary.
Tomorrow’s leaders master three key roles — architect, bridger, and catalyst, or ABCs — to access the talent and tools they need to drive innovation and impact. As architects, they build the culture and capabilities for co-creation. As bridgers, they curate and enable networks of talent inside and outside their organizations to co-create. And as catalysts, they lead beyond their organizational boundaries to energize and activate co-creation across entire ecosystems. These ABCs require leaders to stop relying on formal authority as their source of power and shift to a style that enables diverse talent to collaborate, experiment, and learn together — a challenging yet essential personal transformation.
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