Dear Readers,
Are you ready to risk losing 95% of your new strategic initiatives, or face a 25% drop in productivity?
In this edition of our newsletters, I challenge you to consider the critical role of adaptability in navigating the complexities and uncertainties of our ever-changing world.
As we encounter unprecedented challenges and risks, the need for a new level of preparedness and flexibility has never been more urgent.
In previous newsletters, I discussed the Digital Mindset (14th edition) and the Beginner Mindset (16th edition), emphasizing their transformative power in modern leadership.
The prepared mindset, one of these essential mindsets, is all about readiness and resilience. But here's the kicker: without the ability to adapt, readiness becomes static and reactive rather than dynamic and proactive.
Today, I invite you to explore how adaptability, the third mindset, can empower leaders to thrive in dynamic environments.
To illustrate this, I am drawing on the oil and gas industry for its potential application and benefits.
How Adaptability Transformed My Perspective
Recently, I embarked on an eye-opening journey to deepen my understanding of adaptability and its dimensions, uncovering the intricate links between adaptability and the seven mindsets of the future leader.
During a recent workshop, I came across this great picture.
What comes to your mind when you see it?
Inspired by:
Where should the leader be or what should they do?
This image is a powerful metaphor for many organizations today. It highlights the struggle and inefficiency that arise from outdated practices and the urgent need for adaptability and innovation.
As leaders, it's our responsibility to not only guide from the front but also to ensure that our teams are equipped with the right tools and mindset to navigate these challenges effectively.
Just like this picture, leaders must recognize inefficiencies (slow), leverage existing resources (unused round wheels), empower teams to innovate (solicit and engage them in finding a solution), facilitate open communication (collaboration and empower them), implement incremental changes ( transition from square to round takes time, it is a journey), and continuously monitor and adjust to transform their organizations from outdated practices to efficient operations.
So What is Adaptability and Why is it Important?
Adaptability is the ability to adjust thoughts, behaviors, and actions in response to changing circumstances, environments, or demands. It involves being flexible, resilient, and open to new experiences, which is crucial for navigating both personal and professional challenges.
The Adaptability Quotient (AQ), as defined by AQai, measures an individual's adaptability skills by evaluating dimensions such as grit, resilience, mental flexibility, and unlearning, providing a comprehensive understanding of one's ability to thrive in dynamic settings. This definition, along with the methodology and science behind AQ, is grounded in extensive research by AQai, led by Ross Thornley, author of "Decoding AQ" and CEO and co-founder of AQai. I had the pleasure of learning from Ross during the workshops, which significantly deepened my understanding of adaptability.
The AQ framework is divided into three primary dimensions: Ability, Character, and Environment. Each dimension plays a vital role in fostering adaptability, from the grit and mental flexibility that enable personal growth to the supportive company culture and work environment that sustain it. Understanding and developing these dimensions can empower leaders to not only cope with change but also leverage it for innovation and success.
Adaptability is a crucial skill for the future-readiness of the workforce.
Adapting for Safety: Transforming Practices in the Oil and Gas Industry
In this newsletter, I leverage the analysis of the 2021 study sourced from AQai adaptability assessments conducted with 2,168 users across different demographics, job levels, and work tenures and I extrapolated correlations and applicability to the oil and gas sector. Although these assessments span various industries, the principles of adaptability are universally applicable, making the findings relevant to the oil and gas sector.
The results are fascinating and provide valuable insights. We will explore these findings to learn from them and develop strategic plans for enhancing safety practices within our industry.
Key Findings
Grit: Correlates with better adherence to safety protocols and lower accident rates. Workers with higher grit also demonstrate greater resilience, maintaining high safety standards even under stress.
Resilience: Maintains high safety standards and ensures quick recovery from setbacks, reducing stress-related errors. Workers with high resilience are more likely to exhibit a balanced emotional range and better mental flexibility.
Mental Flexibility: Enables adaptation to new safety procedures and improves problem-solving in critical situations. Workers with high mental flexibility also possess strong unlearning skills, crucial for adopting new, safer methods. According to a study by Van Steenbergen et al., managers with higher openness to experiences (a component of mental flexibility) were better able to cope with organizational changes, which is essential in dynamic industries like oil and gas.
Unlearn: Essential for adopting new, safer methods and complying with environmental regulations. Workers who excel in unlearning outdated practices show higher levels of mental flexibility and resilience.
Emotional Range: Helps manage stress effectively, maintaining clarity and adherence to safety protocols. Workers with a balanced emotional range also display higher levels of hope and motivation.
Hope: Encourages proactive safety behaviors and fosters a forward-thinking mindset for sustainability. Workers with higher hope levels are more likely to be resilient and exhibit a positive emotional range. Optimists can live up to 15% longer than pessimists, leading to a healthier, more stable workforce.
Motivation Style: Advances safety and sustainability efforts. Workers motivated by a "playing to win" style often display strategic thinking and a proactive approach to safety.
Thinking Style: Enhances safety planning and ensures consistent compliance with environmental regulations. Workers with strategic and detail-oriented thinking styles are better at anticipating and mitigating risks.
Company Support: Fosters a safety culture and provides the necessary resources for sustainable practices. Employees who feel supported by their company are more likely to be adaptable and committed to safety. Companies with adaptable employees had a 22% higher total shareholder return.
Emotional Health: Reduces the risk of accidents and promotes well-being. Workers with high emotional health manage stress better and maintain high performance levels under pressure.
Team Support: Enhances safety practices and ensures compliance with environmental standards. Collaborative team dynamics lead to better communication and adherence to safety protocols.
Work Environment: Reduces stress and promotes safety adherence. A supportive and well-structured work environment helps workers remain focused and resilient.
Work Stress: Managing stress is crucial for maintaining high safety standards. Workers who effectively manage work stress are less likely to experience burnout and more likely to adhere to safety protocols.
Does This Apply to Other Industries?
Of course, the principles of adaptability apply to other industries as well.
Here are three examples:
Healthcare: Adaptability in healthcare is essential for managing unexpected medical emergencies, staying current with evolving medical regulations, and adopting new technologies and treatment protocols. Healthcare workers who are adaptable can provide better patient care, improve safety outcomes, and enhance operational efficiency in a high-stress environment.
Manufacturing: In the manufacturing industry, adaptability helps workers respond to equipment malfunctions, production changes, and safety concerns. By staying updated with safety regulations and new technologies, adaptable workers can reduce downtime, maintain high safety standards, and increase production efficiency.
Technology: The technology industry constantly evolves with rapid advancements and market changes. Adaptable workers in this sector can quickly learn and implement new tools and methodologies, stay ahead of industry trends, and efficiently manage project changes. This adaptability leads to innovation, improved product development, and competitive advantage.
In all these industries, fostering adaptability among workers enhances safety, sustainability, and operational effectiveness, similar to the benefits observed in the oil and gas sector.
Reflective Questions
Before concluding this newsletter, I invite you to reflect on these questions:
Are you prepared to risk the safety of your team by ignoring the need for adaptability in your safety protocols?
What if the inability to unlearn outdated practices is the biggest threat to your organization’s safety and sustainability?
How would your organization cope if your current stress management strategies were insufficient during a major crisis?
Is your leadership truly fostering a culture of adaptability, or are you stuck in reactive mode?
What’s the cost of failing to prioritize emotional health and team support in maintaining high safety standards?
Conclusion
Where Do We Go from Here?
As we have explored, adaptability is a critical factor in enhancing health, safety, and operational efficiency across various industries, including oil and gas, healthcare, manufacturing, and technology. So, where do we go from here?
Organizations must prioritize adaptability training and assessment in their core strategies. This involves fostering a culture that values flexibility, continuous learning, and innovation. Leaders should lead by example, demonstrating adaptability in their actions and decisions.
Investing in adaptability assessments, such as the Adaptability Quotient (AQ) by AQai, can provide valuable insights into individual and organizational adaptability levels. Tailoring training programs to address specific areas of improvement enhances overall adaptability.
Furthermore, creating an environment that supports mental and emotional health, encourages open communication, and promotes teamwork will help workers manage stress and adapt to changing circumstances more effectively. This holistic approach ensures sustained success and resilience.
Adaptability is the key to thriving in today's dynamic world. By embracing it, organizations can navigate current challenges and prepare for future opportunities.
I will be publishing a full paper on this topic and presenting it in various forums. If you'd like to receive a copy, comment on this newsletter or send me a message to know where it will be presented.
Let's commit to fostering adaptability in our workplaces, ensuring a safer, more sustainable, and more effective future for all.
Warm Regards,
Dr. Elie Daher
Comments